Home / Knowledge / News / Textiles / Global markets witness surge in benzene prices last week
Global markets witness surge in benzene prices last week
03
Jul '14
In the week ending June 28, benzene prices rose in tandem across all global markets like Asia, Europe and US. Each of the markets provided psychological price support to each other which helped prices surge in all markets. 
 
In Korea, benzene prices went up last week due to firmer benzene prices in US and higher downstream product prices. In the early days of the week, prices were at US$ 1415/ton, higher by US$ 80/ton as compared to the same period of its previous week. Prices were assessed in the range of US$ 1405-1425/ton FOB Korea.
 
In Japan, benzene prices showed similar trend as Korea in the week under preview. Speculators assessed the spot prices of benzene in the range of US$ 1410-1430/ton CFR Japan.
 
In India, benzene prices showed similar trend as Korea and Japan last week. Benzene prices were spotted in the range of US$ 1415-1435/ton CFR India.
 
In Europe, benzene prices surged up due to higher benzene prices in US and Asia. Supporting the price rise was strong demand and increase in downstream product prices. 
 
In the initial days of last week, prices were at US$ 1485/ton, higher by US$ 115/ton as compared to the same period of the previous week. Prices were spotted in the range of US$ 1470-1495/ton FOB Rotterdam. Contract prices for the month of June were settled at € 977/ton CIF ARA, lower by € 71/ton as compared to the contract prices of May.
 
In US, benzene prices showed similar trend as Asia and Europe in the last week. Prices were assessed in the range of 510-535 (cents/gallon) FOB US. Contract prices for the month of June were settled at US$ 4.48/gallon, lower by 9 (cents/gallon) as compared to that of May.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: BekaertDeslee

Textiles | On 23rd Oct 2017

BekaertDeslee to expand North American facility

BekaertDeslee, one of the largest manufacturer of mattress textiles...

Courtesy: A&E

Textiles | On 23rd Oct 2017

A&E unveils Magic using Repreve sewing thread

American & Efird (A&E), a leading developer of industrial and...

Courtesy: Messe Frankfurt

Textiles | On 23rd Oct 2017

Over 4,000 exhibitors attend Intertextile Shanghai 2017

Another successful Intertextile Shanghai Apparel Fabrics has wrapped...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

C Dhandayuthapani

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

Kerem Durdag
Biovation II LLC

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

Urs Stalder
Sanitized AG

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

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

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

October 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
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

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
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

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
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

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
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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