JXTG Nippon Oil November price benzene - Arhive
JXTG Nippon Oil lowered November contract price of benzene by USD45 per ton JXTG Nippon Oil November price benzene
MOSCOW – JXTG Nippon Oil & Energy (part of Nippon Oil Corporation), a major producer of petrochemicals in Japan, announced the November contract price of benzene for USD45 per ton, compared with October deliveries to the Asian market to USD815 per ton, a source in the company told ICIS . JXTG Nippon Oil November price benzene
Prices were agreed on the terms of delivery CFR Asia.
The spot prices of benzene in the second half of October were on average at USD770 per tonne, FOB Asia as a result of falling oil prices and demand from styrene production.
Earlier it was reported that JXTG Nippon Oil & Energy set the October contract price of benzene in Asia at USD860 per ton, which is USD40 per ton lower compared to the contract price of September.JXTG Nippon Oil November price benzene
Benzene is a raw material for the production of styrene, which, in turn, is the main raw material component for the production of polystyrene (PS).
According to the ICIS-MRC price review , the cost of Nizhnekamsk polystyrene is expected to decrease by 2,000–4,000 rubles in the Russian market next month. per ton on the background of falling commodity prices in foreign markets.
The market for expandable polystyrene in October is characterized by a shortage of volumes. Manufacturer Sibur-Khimprom many buyers reduced the purchase requisition.
There is a good demand for plastic material (Uzlovaya) and Angarsk polymer plant. The main part of the November knot volumes is already reserved for customers.
Nippon Oil Corporation is the largest oil company in Japan.
Its activities include the exploration, import and processing of crude oil; production and sale of petroleum products (ethylene, propylene, butadiene, styrene, para-xylene, ortho-xylene, etc.), including fuel and lubricants. JXTG Nippon Oil November price benzene
In recent years, the company has been expanding its production capacity in other countries. Its products are marketed under the brand name ENEOS.
mrcplast.ru
Author: Anna Larionova