Home / Knowledge / News / Textiles / China's domestic benzene market remains steady
China's domestic benzene market remains steady
20
Dec '12
China's domestic benzene market remained steady on December 19. 
 
Market supply was at a low level. Demand appeared sluggish as the operating rate of downstream manufacturers was not high. Thus, supply and demand balanced and quotation remained stable.
 
In East China market, Benzene supply remained tight. But, downstream buyers were in wait-and-watch mood and actual transactions were limited.
 
In North China, the inventory levels with manufacturers remained low. Anticipating a hike in price by petrochemical companies, traders preferred to sit on the sidelines. 
 
In East and North China, benzene transactions were in the range of 10,500-10,550 yuan/ton, while the transactions in South China market were in the range of 10,400-10,550 yuan/ton.
 
Currently, overseas benzene market is slightly weakening and overall macro aspects are having little impact on the prices.
 
Consolidation and speculation activities have gradually increased in recent time, but trading in spot market remains light.
 
The overall inventory level with manufacturers is low, but there is strong resentment to higher price from downstream sector. Buyers are showing interest to buy only at low-end prices.
 

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

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

Igor Chapurin
Chapurin

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

Judy Frater
Somaiya Kala Vidya

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

Mike Hoffman
Gildan Activewear SRL

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

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



X