Home / Knowledge / News / Textiles / US markets boost Asian benzene prices
US markets boost Asian benzene prices
Jan '12
Continued rise of US market boosted Asian benzene market. Coupled with support from strong crude oil, benzene price in Asia rose US $16.

March shipment was traded at $1153 / ton FOB Korea, April cargo was traded at $1,160 / ton FOB Korea in the morning, followed by two transactions of March shipments traded at US $1,155 / ton.

In the Chinese domestic market, benzene was priced between 8,100-8,150 Yuan / ton in East China, 8,100-8,200 Yuan / ton in South China and 8,050-8,100 Yuan / ton in North China on January 11.

Strong trend of crude oil and external markets continue to support benzene market mentality, despite lack of demand from downstream sector.

Short-term market speculation is still expected to remain strong, but actual trade expansion is limited, making overall turnover insufficient to support the market.

In company news, Northwest Sales branch of China National Petroleum announced its ex-factory price at 7,500-7,650 Yuan / ton for Lanzhou Petrochemical and 7,150-7,250 Yuan / ton for Urumqi Petrochemical.

Sales branch of Sinopec in North China has listed its benzene price at 8,250 Yuan / ton.

Fibre2fashion News Desk

Must ReadView All

Textiles | On 26th Jun 2017

US initiates probe into PSF imported from 5 nations

The department of commerce of the US has initiated investigations for ...

Textiles | On 26th Jun 2017

USTR announces AGOA review for Rwanda, Tanzania & Uganda

The office of the US trade representative (USTR) has announced the...

Textiles | On 26th Jun 2017

Braskem invests in polypropylene production facility in US

The Board of Directors of Braskem, one of the largest producer of...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi

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


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


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