Home / Knowledge / News / Textiles / Sinopec cuts benzene prices in South & East China
Sinopec cuts benzene prices in South & East China
12
Oct '11
Sinopec Corp. has cut its ex-works benzene prices across South and East China citing weak local demand.

In South China, the company has reduced the price of benzene by 200 Yuan/ton or US$ 31/ton, to 8,000 Yuan/ton effective Monday. Sinopec Maoming, Sinopec Hainan and Sinopec Guangzhou were all selling benzene at 8,000 Yuan/ton.

A day earlier, the Chinese state-run company reduced prices by 300 Yuan/ton to 7,900 Yuan/ton in East China. Sinopec Jiujiang, Sinopec Shanghai, Sinopec Yangzi Petrochemical and Sinopec Zhenhai Refining & Chemical were all offering benzene at 7,900 Yuan/ton.

In addition to weak buying activity, factors leading to lowering of prices in East China were a projected 6,000 tons of benzene arriving in first half of October from South Korea, and another 3,000 tons from Thailand by end-October.

Normally, Sinopec undertakes revision of the prices after analyzing domestic demand from downstream manufacturers, FOB Korea benchmark prices for benzene, and current stock levels with its subsidiaries across the country.

The FOB Korea benzene benchmark price was being quoted at US$ 979.50/ton on October 10, a decrease of US$ 50.50/ton form the US$ 1,030/ton closing price on September 30, a day prior to the start of the long China Day holidays.

Fibre2fashion News Desk - China


Must ReadView All

Bangladesh garment exports rise 7.46% in July-Nov '17

Apparel/Garments | On 11th Dec 2017

Bangladesh garment exports rise 7.46% in July-Nov '17

Readymade garment exports from Bangladesh increased 7.46 per cent in...

Karl Mayer opens new workshop in Vietnam

Textiles | On 11th Dec 2017

Karl Mayer opens new workshop in Vietnam

Karl Mayer, Germany’s leading textile machinery firm, has announced...

Cotton USA promotes cotton at TITAS Taiwan tradeshow

Textiles | On 11th Dec 2017

Cotton USA promotes cotton at TITAS Taiwan tradeshow

Cotton USA, which promotes US cotton fibre and manufactured cotton...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.2%
No
12.1%
Skip
18.7%

Total Votes: 91

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
30.8%
Skip
7.7%

Total Votes: 91

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.8%
No
9.9%
Skip
3.3%

Total Votes: 91

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.3%
No
8.8%
Skip
9.9%

Total Votes: 91


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search