Home / Knowledge / News / Textiles / Strong Asian buying interest perks up Benzene prices
Strong Asian buying interest perks up Benzene prices
28
Aug '08
Strong buying interest in Asia has promoted benzene market further up on Wednesday; meanwhile the rise in Europe and the United States provided power to Asia, too. FOB Korea stood at US $1178.75 - $1179.75 per ton; on the other hand, Southeast Asia closed at US $1165.25 - $1166.25 per ton, both saw a hike of $13.5 per ton.

It is learnt that US benzene surged by 8 cents to 458 cts per gallon, FOB US Gulf, on Tuesday. Asian market traders are waiting to see the direction of forthcoming contract prices in the United States and the European Markets.

On the other hand, sellers are quite optimistic about Asian market. Due to Sub-tropical storm, Hurricane Gustav, oil facilities in Gulf region have not seen any serious damages; however, market experts are closely keeping a watch and manufacturers are ready to reduce production in accordance with the situation.

On the domestic front, price of Jinzhou Petrochemical was offered at 8800 yuan per ton, down 400 yuan from the previous session.

Offer price from Jilin Petrochemical of China National Petroleum stood at 8650 yuan per ton, down 400 yuan from the previous day; Price from Beijing branch of Sinopec remained unchanged from the previous day; of which, the implementation price of Shijiazhuang Refinery and Tianjin Petrochemical was quoted at 8800 yuan per ton; the implementation price of Luoyang Petrochemical and Zhong Yuan Ethylene was at 8800 yuan per ton.

The factory price from Guangzhou branch of Sinopec remained unchanged. The implementation price of Changling Petrochemical Refinery, wuhan Petrochemical was at 9000 yuan, for Maoming Petrochemical it was 9000 yuan.

For World market prices click here

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Apparel/Garments | On 20th Sep 2017

Botswana launches response strategy for US AGOA scheme

Botswana’s ministry of investment trade and Industry (MITI) recently...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Marten Alkhagen
Swerea IVF AB

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mohammad Hassan
Biax Fiberfilm

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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