Home / Knowledge / News / Textiles / Benzene price declines in Chinese import market
Benzene price declines in Chinese import market
19
Jul '12
The prices of benzene imported from other countries fell in Chinese markets on July 18.
 
The price of Asian benzene declined by US$ 6/ton owing to reduced demand from downstream industries.
 
September benzene shipment price was quoted in the range of US$ 1150-1165/ ton FOB Korea, while the offers for October shipment decreased from US$ 1135/ton to US$ 1130/ton during the session. 
 
Current market supply of benzene is limited, and sellers are reluctant to offer at lower prices. Hence, market sentiment looks more positive, and the slowing down of demand from the downstream sector has not created larger impact on benzene market.
 
In addition, some enterprises plan to shutdown for maintenance in the second half of the month, therefore the market will continue to operate at high level.
 
Although there is no announcement yet, the East China branch of Sinopec is expected to increase its listing price of benzene by 300-400 Yuan/ton in the coming days.
 
In South China, Sinopec's benzene inventories are as follows: Moming Petrochemical holds about 12000 tons, Zhenjing Dongxing holds about 2300 tons, Beihai branch holds less than 600 tons, and Guangzhou Petrochemical holds light stocks. 
 
Similarly, in Central China, Sinopec's Benzene inventories are: Changling Refinery holds light stocks, Louyang Petrochemical holds about 1500 tons, Zhongyuan Ethylene holds about 500 tons, Wuhan Petrochemical holds light stocks, and Jinmen Petrochemical holds about 720 tons.
 

Fibre2fashion News Desk - China


Must ReadView All

Market share of Indian textile items expand in 13 nations

Textiles | On 11th Dec 2017

Market share of Indian textile items expand in 13 nations

Thirteen countries — Germany, France, Italy, the United States,...

Courtesy: EUBrasil

Textiles | On 11th Dec 2017

Euratex, ABIT welcome negotiations for EU-Mercosur FTA

European Apparel and Textile Confederation (Euratex) and the...

Most firms expect no change in investment plans: CII survey

Textiles | On 11th Dec 2017

Most firms expect no change in investment plans: CII survey

Despite visible optimism in Indian industry with the Confederation of ...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eric Scholler
Groz-Beckert

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

Ashok Desai
Bombay Textile Research Association

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

Pranav Mishra
Huemn

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

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

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