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 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Courtesy: Global Denim Awards

Fashion | On 27th Oct 2016

Anbasja Blanken & Italian mill ITV Denim win GDA

Dutch designer Anbasja Blanken and Italian mill ITV Denim was the...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

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

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

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 ...

Pranav Mishra

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

Robert Brunner

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

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search