Home / Knowledge / News / Textiles / Chinese benzene market sees thin trading volume
Chinese benzene market sees thin trading volume
08
Nov '12
Trading volume remained thin in Chinese benzene market on November 7, as the market maintained its high level consolidation trend.
 
In East China, market transactions for benzene were in the range of 10,300-10,350 yuan/ton, whereas the transactions in North China and South China were in the range of 10,350-10,400 yuan/ton and 9,950-10,100 yuan/ton, respectively.
 
Market conditions were stable as there was support from sharp rise of crude oil price as well as offers from overseas. On the other hand, downstream buyers were not willing to pay high price owing to cost pressures and hence their purchases were limited to their immediate demand.
 
Currently, benzene inventory levels in market remain at low level, and the overall market trade remains flat. But, analysts expect the Chinese domestic benzene market to move higher in the short-term.
 
Meanwhile, the East China branch of Sinopec is quoting its ex-factory price at 10,100 yuan/ton. There is no inventory pressure and sales are normal.
 

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Eric Scholler
Groz-Beckert

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

Marcel Alberts
Eurofibers

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Pranav Mishra
Huemn

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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