Home / Knowledge / News / Textiles / Domestic pure benzene market to remain stable
Domestic pure benzene market to remain stable
21
Feb '08
Crude oil price rose, international offers for Asian region went up on February 20, as a result, China's domestic pure benzene market price followed the suit. However, market negotiations were flat.

In the Asian Markets, pure benzene price moved up to US $22 per ton, FOB Korea closed at $1099-1100 per ton, driven by strong rise in crude oil price and recovery of pure benzene market in the United States. On Wednesday, February 20, FOB valuation price at $1099.50 per ton, had set a new record in 38 weeks.

In the domestic arena, pure benzene market prices saw a rising trend. Eastern China market price was 8600-8650 yuan per ton, Southern region price was 8650-8700 yuan per ton, where as Northern portion of the country quoted at 8650-8700 yuan per ton.

Taking about the factors that affected market trend, crude oil prices were in high level consolidation, Asian quotations outside China were higher, domestic refinery prices increased, pure benzene market sentiment was dull. Market investors expect that recent domestic pure benzene market will mainly present a stable performance.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Textiles | On 23rd May 2017

Grasim's VSF business net revenue up 12% in Q4 FY17

The viscose staple fibre (VSF) business of Grasim Industries has...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mohammad Hassan
Biax Fiberfilm

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Pranav Mishra
Huemn

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

Sanjukta Dutta
Sanjukta's Studio

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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:
May 2017

May 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