Home / Knowledge / News / Textiles / Weak US market leads to low benzene demand
Weak US market leads to low benzene demand
Mar '08
Confidence of Asian pure benzene market faltered on Wednesday due to the weakness in the United States market.

FOB Korea closed down at US $14 from $1068-1069 per ton, market bids were scarce. In trading pit, Glencore offered at $1085 per mt FOB for April and CML offered at $1070 per mt for May shipments. Last night, South Korean manufacturers showed intentions to buy May cargo at $1075 per mt FOB, but no deal was finalized.

Since the closure of Tuban Aromatic combined device from Trans Pacific Petrochemical Indotama (TPPI) last weekend, traders began to measure the possibility of arbitrage trade between Korea and Southeast Asia. Downstream demand and freight were taken into account. Some regional manufacturers including Singapore petrochemical, ExxonMobil and PTT Aromatics and Refining Company have already reduced or plan to cut down aromatics device, due to thin profits.

But other reports said external sources were already developed, local businessmen expected at least 12,000 mt of pure benzene or four normal cargoes would be shipped out from Iran to local market in late March.

Few other businessmen expressed their doubts whether styrene producers would buy pure benzene at such a high level, because some manufacturing plants in Southeast Asian region were underemployed due to weak profits.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Amit Jain
Shingora Textiles Ltd

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

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

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

Marten Alkhagen
Swerea IVF AB

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

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


Browse Our Archives


Advanced Search