Home / Knowledge / News / Textiles / Downturn in demand impacts global benzene prices
Downturn in demand impacts global benzene prices
Apr '12
The recent downturn in demand has become one of the main factors affecting benzene market.

Asian benzene price fell US $6 to US $1171 dollars / ton (FOB South Korea) on April 12. Two deals were reached at US $1170 / ton and $ 1,172 / ton (FOB Korea), respectively.

European benzene price declined by $2.5 to $1172 / ton (CIF ARA), sales and purchase intention was in the range of US $1165-1175/ ton. However, traders were reluctant to lower their offers.

US benzene price edged up 1 cent. April cargo was traded at 409 cents / gal (FOB USG), discussion was in the range of 405-412 cents / gallon.

In China's domestic market, benzene prices in East China was in the range of 8,500-8,550 Yuan / ton, in South China, it was in the range of 8,400-8,600 Yuan/ ton and in North China, it stood around 8,500-8,500Yuan / ton.

Recent downturn in demand has become one of the main factors affecting benzene market. The rebound in oil prices has also put a great deal of pressure on benzene market.

Short-term weak consolidation in various markets has created increasing difficulty for benzene market to improve. So, negotiation atmosphere in benzene market is hard to turn better in the short term.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marcel Alberts

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

April 2017

April 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