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PriceWatch Report Highlights 07 March 2010

Polyester Chain | Nylon Chain | Acrylic Chain | Viscose Chain | Others

Nylon Chain -> Benzene

 

Benzene prices declined across markets of Asia, Europe and USA this week due to surplus supplies. About 100 kilo ton of benzene would leave Asia for USG in H1 Mar. Market sources opines that the surplus supply condition would continue for some more time. However, the price-gap between naphtha and benzene was still healthy and the benzene market do not expect cut in run rates of naphtha cracker.
Benzene
   

Global Benzene Indepth Analysis- Complete researched data on benzene product description, price trends, Demand-Supply etc is available in the YnFx Nylon Chain Report. This report is published annually that covers comprehensive data on benzene. You may view more details here.

Benzene News

 
Suppliers seek to boost benzene prices [ 24 Feb, 2010]

Domestic benzene suppliers are seeking an average $3.65/gallon for delivery next week, up slightly from the $3.54 monthly average price for February, as the producers seek to leverage production problems in Europe that have tightened global supply.

ICISnews.com says U.S. buyers "are wary of spiking spot prices, but question the uptrend's staying power." Supply in the U.S., Gulf is said to be more than sufficient so the proposed jump in prices-by as much as 20ยข from some traders-"is crazy," says one buyer.

Asian markets are soft because of the Lunar New Year holiday shutdowns this month and the fact that March contract prices have yet to be set in the U.S.

Market reports say U.S. benzene had been on a downward course with spot bids of less than $3.40 last week. So, "the Chinese could come back from the Lunar New Year holiday and knock the bottom out of this (proposed) high benzene market with a bunch of new material," one consumer tells ICISnews.

Source: Purchasing.com

Japan Nippon Oil Nominates Feb Asia contract for Benzene [ 28 Jan, 2010]

Japan's Nippon Oil has nominated its February Asia Contract Price for benzene at $1,090/mt CFR, up $90/mt, or 9%, from its January settlement of $1,000/mt.

On spot market, Asian benzene price fell $15/mt to $991.50/mt FOB Korea Wednesday on volatile crude and concerns over China's economic growth. Meanwhile, NWE benzene price slumped $44.50/mt to $1090/mt FOB Rdam.

Source: CCF Group

   

 


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