p>Domestic market of coking benzene presented a down trend this week and marjority of factories declined initiative the ex-factory because of sluggish sales. Currenty the mainstream offers of Shandong Area were 6300-6400 yuan/ton, Hebei Area were 6200-6300 yuan/ton, Shanxi Area were 6050-6100 yuan/ton, Jiangsu Area were 6300-6400 yuan/ton and Henan Area were 6200-6300 yuan/ton.
Upstream crude benzene price plunged and downstream maleic anhydride price also declined. The purchase intent descended and some coking benzene factories operate rate was lower due to the sluggish market and tight raw material supply.
Market outlook: because the falling petrobenzene price at weekend bring obvious negative effects then China Chemnet forecasts that the coking benzene market will present a weak consolidation trend.
China Chemical Weekly: http://news.chemnet.com/en/detail-1403616.html
