Home / Knowledge / News / Textiles / Asian pure benzene market bounces back
Asian pure benzene market bounces back
03
Apr '08
On Wednesday, April 4, Asian pure benzene market rebounded slightly, FOB Korea closed at US $1072.50-1073.50, up $4.25 per ton, FOB South East Asia increased by $2.25, and closed at $1066.25-1067.25 per ton, being influenced by the increase in May crude oil and the uncertainty in US pure benzene market.

Market participants said that Asian market was nervous to a certain extent, but some other were of the openion that the price decline in backward futures indicated that April market supply and demand were basically balanced

According to traders, Asian spot market is expected to remain relatively tight in April as a large number of cargoes (about 9000-15000 tons) will be sent to Southeast Asian market during this period.

Another report expressed, last week outages of S-Oil aromatics and TDP device reached about 9,000 tons, also contributing to supply shortage.

The market clearly gave a signal of tension in Korean market when Mitsui & Co. offered at US $1,078 / mt CFR for April shipment, but had the offer withdrawn by close time.

Fibre2fashion News Desk - China

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mohammad Hassan
Biax Fiberfilm

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Silvia Venturini Fendi
Fendi s.r.l

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

Igor Chapurin
Chapurin

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

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