Japanese chemical raw material prices fluctuate significantly 2020-03-03
Source: China Chemical News Time: 2020-02-18 Japan's chemical raw material market prices are currently fluctuating, with mixed fluctuations. The Asian price of benzene, a raw material for synthetic resins and synthetic rubber, fell for the first time in three months. In February, the contract price of the JXTG Energy Index was US$710 per ton, which was US$25 lower than the previous month (a 3.4% drop). In addition to factory production cuts, the drop in crude oil prices is also a factor that affects the trend of benzene prices. Judging from the market situation, with the sluggish demand for benzene, the profitability of Asian factories is declining. Production cuts have led to tighter supply and demand, prices have risen, and existing companies have begun to take action to restore production. Analysts said that since late January, due to the new coronary pneumonia epidemic, China's economic growth has slowed further, crude oil prices have fallen, and the market for benzene has also declined. The expected price in Japan is 82.5 yen per kilogram, down by 3.
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