Home / Knowledge / News / Textiles / Benzene prices moves downward
Benzene prices moves downward
11
Sep '08
Impacted by some negative factors Asian benzene market prices plunged by $12.5 per ton on Wednesday. Offer prices in the morning stood at $1125 per ton for October contract and for November deal, quotations were $1120 per ton.

Due to lack of enthusiasm among buyers market activity remained quite dull. Spot prices during market closing stood at $1105-1120 per ton for October shipment and at $1105-1115 per ton for November.

In China, Wednesday benzene market was stable at RMB 8,700-8,800 per ton, East China. Regional demand was still narrow. Some of the traders tried to liquidate their surplus stocks.

In the European region Benzene market prices fluctuated. Offer prices stood at around $1150-1160 per ton CIF ARA for September while bids were heard at around $1135-1140 per ton CIF ARA.

As buyers showed some interest prices moved up to stand at around $1140-1145 per ton CIF ARA for September while sellers remained quiet in the market. Thus by closing, offer prices stood at around $1145-$1155 per ton CIF AR for September and at around $1148-$1155 per ton CIF ARA for October.

Benzene prices in the US market advanced slowly as energy market remained weak. In the morning session offers stood at $4.10-4.20 per gallon for September.

As the day progressed, bids moved on the higher side. The market closed with spot prices standing at around $4.25-$4.30 per gallon for the domestic use; and for the export the prices stood at $4.30-4.35 per gallon FOB for September; for the October shipment, domestic prices were quoted at $4.07-$4.09 per gallon and at $4.10-$4.20 per gallon FOB for October.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Larry L Kinn
Suominen Corporation

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

Mohammad Hassan
Biax Fiberfilm

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Silvia Venturini Fendi
Fendi s.r.l

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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