Sinopec lowered domestic prices for benzene a third time in February – China China Petroleum & Chemical Corp. (Sinopec), Asia’s largest oil refining company, again lowered domestic benzene prices in China this month, – Sinopec domestic prices benzene February - Arhive
Sinopec domestic prices benzene February Sinopec domestic prices benzene February Sinopec domestic prices benzene February Sinopec domestic prices benzene February Sinopec domestic prices benzene February Sinopec domestic prices benzene February Sinopec domestic prices benzene February
Sinopec lowered domestic prices for benzene a third time in February
MOSCOW – China China Petroleum & Chemical Corp. (Sinopec), Asia’s largest oil refining company, again lowered domestic benzene prices in China this month, this time, the reduction was 200 yuan (CNY) or USD32 per ton, ICIS source in the company said.
This is the third fall in benzene prices by the company in February, and the total decrease was CNY450 (USD70) per ton.
Thus, the new price of the company’s benzene for material supplies in February to the eastern, southern, central and northern regions of China is CNY6,750 per tonne (USD1,064 per tonne), ex-works.
Before the celebration of the Lunar New Year, the buying activity in the market was low.
Spot offers of traders declined, despite the growth of benzene in the Asian market last week.
Benzene is the 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 Price Review of ICIS-MRC , the cost of Nizhnekamsk PS remained unchanged on the Russian market. According to the player of the market, for general purpose polystyrene (PSS / M) the average price is 106 thousand rubles. per ton, CPT Moscow, including VAT, for impact-resistant polystyrene (UPS / M) – 109 thousand rubles. per ton, CPT Moscow, including VAT. Demand for general-purpose brands still exceeds the demand for high-impact polystyrene. Manufacturer Penoplex announced the future rise in price of Russian polystyrene by 2 thousand rubles. per ton in connection with the continuing tendency of raw material price increase.
China Petroleum and Chemical Corporation (Sinopec) is one of the world’s largest integrated energy and chemical companies. Business Sinopec Corp. includes oil and gas exploration, production and transportation of oil and gas, refining, petrochemical production, production of mineral fertilizers and other chemical products. By the volume of oil processing capacities of Sinopec Corp. occupies the second place in the world, the volume of ethylene capacity – the fourth.
mrcplast.ru
Author: Margarita Volkova
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