Spot prices benzene Europe fell oil quotes - Arhive

This content has been archived. It may no longer be relevant

Spot prices of benzene in Europe fell against the backdrop of falling oil quotes    Spot prices benzene Europe fell oil quotes

Spot prices benzene Europe fell oil quotesMOSCOW – The spot price offers of benzene, as well as the counter offers of buyers in the European market fell on July 17 after the fall of crude oil quotations, ICIS sources told the market.Spot prices benzene Europe fell oil quotes

So, in the middle of the day the July price range for the material was USD865-875 per tonne, and for the August deliveries it dropped to USD850-865 per ton. For September, the same quotes were announced at USD845-865 per ton.

Crude oil prices fell in the morning on the back of fears of a slowdown in the growth in oil demand in China.Spot prices benzene Europe fell oil quotes

On Monday, July 16, spot quotes of benzene were in the range of USD875-885 per tonne for July shipments, and for August made USD865-875 per ton.

Demand for benzene is either stable or declining in Europe and largely corresponds to expectations due to the approaching summer vacation period.

All prices are stated on the terms of delivery of CIF ARA (Antwerp-Rotterdam-Amsterdam).

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 , prices on the Russian market of the PS remained unchanged last week.Spot prices benzene Europe fell oil quotes

According to some market participants, the demand and supply of the Nizhnekamsk material are balanced. A calm situation in foreign markets at the beginning of the third quarter allows us to talk about the prolongation of July prices in August as the most likely scenario.

mrcplast.ru

Author:                Margarita Volkova

Related Topics

-Asia benzene falls on crude rout as US-China trade war escalates   Asia benzene falls crude USA China trade war escalates