China benzene imports down 0.29% MoM in Aug

August benzene imports were 401,979.082 tonnes, down 0.29% MoM and 8.89% YoY. Diverted Asian arbitrage cargoes to Europe and the US are set to pull China's September benzene imports down to 350,000 tonnes. October imports are expected to fall further to 330,000 tonnes due to scheduled South Korean unit maintenance.

China imported 401,979.08 tonnes of benzene in August, largely in line with market expectations, but imports are expected to decline to 350,000 tonnes in September and 330,000 tonnes in October, according to GACC data. August benzene imports totaled 401,979.08 tonnes, down 0.29% month-on-month and 8.89% year-on-year. Cumulative imports from January