|2019-12-06 来源： 中国石化新闻网|
中国石化新闻网讯 据ICIS网站12月4日新加坡报道 由于对明年消费增加的预期，亚洲苯市场继续走高。
王磊 摘译自 ICIS
Asia benzene on uptrend on higher consumption, buoyant crude
Asia’s benzene market continued to trend higher on expectations of higher consumption next year.
While the region is expected to add more new benzene capacities next year, this appears to be outdone by downstream sectors, which would add twice as much capacities in 2020.
Benzene spot prices in early December rose to more than $670/tonne FOB (free on board) Korea, from $618.5/tonne FOB Korea on 1 November, ICIS data showed.
“Suddenly, benzene supply is not looking so long after all if you consider the expansion in downstream capacity,” said an end-user in southeast Asia.
Benzene is used to produce a number of intermediates that are used to create polymers, solvents and detergents.
Firm crude oil markets also bolstered Asia’s benzene sector.
At midday, Brent crude was up 50 cents at $61.32/bbl, while US crude gained 43 cents to $56.53/bbl.
Expectations of output curbs and even further cuts by OPEC members and Russia at their upcoming meeting this week propped up the crude markets.
Meanwhile, 2020 benzene term negotiations are ongoing, with some settlements done at a few dollars extra over the premiums fetched in 2019.
Spot trades in the region have tapered off in recent weeks, with participants engaged in next year’s term discussions.
“Market activity is down and even spot tenders have become limited recently,” said a trader in southeast Asia.
Thin market activity is expected to last into the first quarter of next year, as the market would again slow down before and after the Lunar New Year holidays in late January.