JXTGNippon December Asia benzene

JXTGNippon December Asia benzene

JXTG Nippon sets December Asia benzene contract price at USD665 per ton

JXTG Nippon sets December Asia benzene contract price at USD665 per ton

MOSCOW  – JXTG Nippon Oil & Energy (part of Nippon Oil Corporation), a major producer of petrochemicals in Japan, set the December contract price of benzene in Asia at USD665 per tonne, which is USD20 per tonne higher than with a November contract price, a source at the company told ICIS .

The price has been approved on delivery terms CFR Asia.

The November contract price for the company’s material was set at USD645 per tonne, which is USD85 per tonne lower than the October contract price of the current year.

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). JXTGNippon December Asia benzene

According to the ICIS-MRC Price Survey , last week in Russia market participants expected information from the manufacturer Nizhnekamskneftekhim regarding December prices. Amid the declining cost of raw materials in foreign markets, Nizhnekamskneftekhim took an unconventional approach to pricing this month.

So, the price in December will decrease by 3 thousand rubles. per tonne and will be prolonged in January for those buyers who contract PS volumes immediately for two months in advance. For those buyers who contract only December volumes, the price next month will be reduced by only 1 thousand rubles. per ton.JXTGNippon December Asia benzene

Nippon Oil Corporation is Japan’s largest oil company. Its activities include the exploration, import and refining of crude oil; production and sale of petroleum products (ethylene, propylene, butadiene, styrene, paraxylene, orthoxylene, etc.), including fuels and lubricants. In recent years, the company has expanded its production facilities in other countries. JXTGNippon December Asia benzene

Its products are sold under the ENEOS brand.


Author: Margarita Volkova

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JXTGNippon December Asia benzene

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