Home / Knowledge / News / Textiles / Chinese benzene market likely to remain range bound
Chinese benzene market likely to remain range bound
Jul '12
Prices moved up in Chinese benzene market on July 25. In East China, the market transaction was in the range of 8450-8500 Yuan/ton, while it was in the range of 8300-8450 Yuan/ton and 8450-8500 Yuan/ton in South and North China, respectively.
Although the benzene market moved slightly higher, the number of transactions did not increase. Domestic supply is tight and Sinopec is planning to increase its listing price.
On the other hand, the market lacks demand from downstream sectors, and hence there are very few actual transactions taking place.
In view of the present situation, it seems that benzene market would remain range bound in the coming weeks.
Meanwhile, the East branch of Sinopec plans to increase its listing price of benzene by 100 Yuan to 8300 Yuan/ton. Shanghai Petrochemical, Jinling Petrochemical,Yangzi Petrochemical, and Zhenhai Refining & Chemical would be increasing their listing prices for benzene.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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