Home / Knowledge / News / Textiles / Demand shrinks in Chinese benzene market
Demand shrinks in Chinese benzene market
31
Jan '13
China’s benzene market witnessed a decline in demand in view of the approaching spring festival holidays.
 
The domestic benzene market in China remained flat on January 30. There was a rise in price of crude oil price and offers of imported benzene rebounded. However, buyers were cautious in view of the approaching spring festival holidays. There was a decline in demand from downstream industries and overall trading activities were light.
 
In East China, supply of benzene was normal, but buyers adopted a cautious approach. Market price was around 10,700 yuan/ton, but trading activities appeared calm.
 
In North China, the mainstream price of benzene was around 10,650 yuan/ton, but procurement by downstream industries was less and overall atmosphere looked deserted.
 
The increase in crude oil prices is providing support to prices of benzene, but downstream factories are reducing their operating rate as it is close to the spring festival holidays. As a result, procurement has decreased and market activities are reduced.
 
Chinese benzene market is expected to maintain the trend of steady consolidation in the short term.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Textiles | On 27th Feb 2017

Textile industry can boost South African economy: Minister

The textile industry is one of the most strategic platforms through...

Textiles | On 27th Feb 2017

KBR bags LBED revamp contract for LG Chem's ethylene plant

KBR, Inc has bagged a technology licensing and basic engineering...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

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

Ritu Kumar
Label Ritu Kumar

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

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search