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[China Epoxy Resin Industry Online] July 26, 2004 The recovery of Europe and the beautiful scenery has become a leader in the demand and price of basic petrochemical raw materials, which has driven the market in Asia to rise sharply.
Mainland China has not purchased materials for two months under the macro-control, but has already stopped rushing for materials.
A boom in global petrochemical demand has begun to explode.
The most shocking thing to the global petrochemical industry last week was that the price of benzene rose sharply and hit historically high prices in Europe, the United States and Europe.
The weekly increase exceeded US$150 per ton, which also led to a surge in the spot price of styrene monomer (SM).