Asian benzene market prices this week

Benzene prices in Asia 5-25 week, USD / ton, due to falling prices of styrene. Ample supply and weekly drop in crude oil prices also put downward pressure on

the market side.

Styrene prices fell to 835-850 U.S. dollars / ton (CFR China), which is expected to lead to benzene, which will give traders and manufacturers in May and

June the demand for styrene manufacturers impact of benzene. Some   traders and manufacturers have indicated that the Asian region may also face changes in

supply and demand balance of benzene, styrene is the result of all these downstream industries only major sales channels. In the current global economic

downturn, downstream from most other industries, such as phenol and the demand for cyclohexane, etc. will still be poor.

Therefore, a weak South Korean companies said this week the trend may be the result of this concern, as this may affect the supply. Traders and manufacturers

said that the current ample supply of Northeast Asia, which is another reason this week, falling prices.

Production of profits in the last month, after a recovery in Korea and Japan and re-cracking manufacturers to maintain close to 100% of firms operating rate

of operation. Northeast Asia has also been a number of devices to restart the TDP due to strong market performance of xylene improved profits. About 10

million tonnes from last U.S. and Europe ocean-going cargo flows to the Northeast Asian market, mainly on May -6 cargo, which will increase the total market

supply. However, traders and manufacturers that are not currently get the exact message.
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Southeast Asia, compared with the demand, supply is expected to balance. From Singapore's limited supply of the device, due to reduced capacity utilization,

and unit parking.

Northeast Asia, the Korean market this week, trade very active FOB. Allegedly, weekly, June cargo trading price of $ 615 / ton (FOB Korea), however, the

transaction price later in the week fell to 565-580 U.S. dollars / ton (FOB Korea).

June cargo quotation from the beginning of the week's 615-620 U.S. dollars / ton (FOB Korea) down to 577-600 U.S. dollars / ton (FOB Korea). 600-605

corresponds to a bid from the weekly U.S. dollars / ton (FOB Korea), but then fell to about 565-580 U.S. dollars / ton (FOB Korea).

Since Friday, Singapore, South Korea and China closed for Labor holiday, trading halt. Friday FOB Korea valued at 575-585 U.S. dollars / ton, this week is

valued at 575-615 U.S. dollars / ton.

CFR Taiwan and the Chinese market no real bargain. Fri CFR Northeast Asia, trailing the overall market trend of the market valuation fell to 590-610 U.S.

dollars / ton, this week is valued at 590-630 U.S. dollars / ton.

Southeast Asia, the region roughly balanced supply and demand, but some manufacturers are now cracking manufacturers and re-operation or maintenance of load

shedding due to maintenance and parking.

Allegedly, no real bargain. Friday FOB FOB Korea, Southeast Asia, trailing the valuation prices lower to 570-580 U.S. dollars / ton, this week is valued at

570-610 U.S. dollars / ton.

Nippon Oil, a source said the company in May Asian contract price  of 590 U.S. dollars / ton (CFR Asia), the highest bid contracts than April 50 U.S. dollars

/ ton.