- Chinese domestic markets below Yuan 7,000 - Yuan7,080mt- Regional production slows further



With fewer spot cargo talks, the Asian
benzene market was under severe pressure on Nov. 3. FOB Korea's benzene marker
fell $10/mt to $785.67/mt on Nov. 3. The
domestic benzene mark in east China was $13.91-$18.100/mt at Yuan 6800-Yuan6880/mt
or $815.26-$830.50/mt. This narrows the gap to the FOB Korea marker. SCG Chemicals, Thailand, was considering delaying the start
of its Rayong Olefins Company's naphtha-fed Steam Cracker. However, maintenance
works have been completed. South Korea's
largest oil refiner SK Innovation will close three crude distillation units
that have a combined capacity 445,000 b/d, and a 100,000 b/d condensate
splittingter, in the fourth quarter. This is to reduce crude throughput to
address low refining margins. It plans to
close its No. 3 CDU with 170,000...