XTG Nippon September contract price benzene Asia - Arhive
XTG Nippon nominated the September contract price of benzene in Asia at USD60 per tonne higher than August
MOSCOW – JXTG Nippon Oil & Energy (part of the Nippon Oil Corporation), a major petrochemical producer in Japan, raised the September contract price of benzene in Asia by USD60 per tonne compared to August, thereby setting it at the level of USD920 per tonne, ICIS source in the company said.XTG Nippon September contract price benzene Asia
The price was approved on CFR Asia.
The August contract price for the company’s material was set at USD860 per ton, which is USD40 a ton higher than the July level.XTG Nippon September contract price benzene Asia
The declining stocks of material in eastern China and the good capacity utilization in the domestic market of China led to an increase in the price of benzene in the Asian market.
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 , in Russia last week Nizhnekamskneftekhim informed traders and processors of the increase in the cost of the substation in September by 5 thousand rubles. per ton.
The cost of high-impact polystyrene (PSU / M) and polystyrene for general use (PSS / M) produced by Gazprom Neftekhim Salavat remained unchanged.
It is expected that the cost of the Salavat PS in September will change similarly to the prices of the Nizhnekamsk material. Producer Penoplex will increase the September prices of PSS / M by 5,000-7,000 rubles. per ton.XTG Nippon September contract price benzene Asia
Nippon Oil Corporation is Japan’s largest oil company. Its activities include exploration, import and processing of crude oil; production and sale of petroleum products (ethylene, propylene, butadiene, styrene, paraxylene, orthoxylene, etc.), including fuels and lubricants.XTG Nippon September contract price benzene Asia
In recent years, the company has expanded its production facilities in other countries. Its products are sold under the brand name ENEOS.
mrcplast.ru
Author: Margarita Volkova