- Sinopec reduces the listing price by Yuan 200-250/mt- China's domestic prices rise Yuan 135-185/mt





Asian benzene prices rose $26-32/mt on June
27, to $1,254-1,280/mt FOB Korea. Buyers bid higher. In the morning trading session, the bid was set
at $1250-1280/mt for August cargoes. The September cargo was offered at $1,217-1,250/mt. The offer
for August cargo was $1,251-1,280/mt with a bid of $1,248-1,280/mt at the
market close. Domestic China's spot market recovered by Yuan
135-185/mt, or Yuan 9,510-9,700/mt, on an import parity basis, at Yuan 1,234.24-1,250.50/mt. The Sinopec
listing price was reduced by Yuan 200-250/mt, to 9,600-9,700/mt. Upstream,
the benchmark naphtha CFR Japan cargo was valued at $6-7/mt and $824.5-850.25/mt. According
to a company source, China's Hengli Petrochemical closed its 72,0000 mt/year
monomer unit of styrene in Dalian on June 24, for a planned turnaround in...