Home / Knowledge / News / Textiles / Asian benzene markets continue to rise
Asian benzene markets continue to rise
05
Jan '12
In the international benzene market, continuing with the rising trend Asian benzene grew by US$ 24.5 on December 31, 2011. February cargo was traded in the range of US$ 1075-1100/ton FOB Korea, while March cargo was negotiated in the range of US$ 1100-1105/ton and the price of April cargo was in the range of US$ 1100-1110/ton.

In the Asian benzene market two deals were finalized for March shipments at US$ 1090/ton and US$ 1103/ton FOB Korea. Similarly, a deal for April shipment was reached at US$ 1107/ton FOB Korea.

In China's domestic benzene market, transactions were in the range of 7900-7950 yuan/ton on January 4, 2012 in both North China and South China, while in East China the transactions were in the range of 8000-8050 yuan/ton.

In recent period, benzene manufacturers have increased prices, which has resulted in moderating influence on the market and benzene market has adjusted to the higher price level.

Presently, marketing atmosphere is calm, with sellers giving less offers and buyers showing limited interest in purchase. There is more of wait-and-watch sentiment in the market and downstream buyers are looking for goods that are in line with their demand. These trends indicate that the market conditions are expected to rise amid steadiness.

Meanwhile, Northwest Sales Brand of China National Petroleum has increased its listing price by 100 yuan/ton. In East China, external sales are implemented at 6950 yuan/ton (ex-factory) by Dushanzi Petrochemical and Urumqi Petrochemical and at 7300 yuan/ton by Lanzhou Petrochemical.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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