Home / Knowledge / News / Textiles / Benzene market shows varied trend this week
Benzene market shows varied trend this week
25
Sep '08
Despite fluctuating ups and downs in international market, Asian benzene market still looked strong. On Wednesday, September 24, prices on FOB Korea basis closed at US $1127.50-1128.50 per ton, South-East Asia closed at $1109.00-1110.00 per ton, flat to the previous day.

In the US market, both October and November contracts fell 5 cents per gallon, while benzene price in European markets sharply climbed $27.5 to $1195.50 per metric ton CIF ARA.

Tuesday offers of benchmark benzene (FOB Korea) increased to $1135 per metric tons in Asia, but Wednesday offers fell $10 per ton, the high level of the day jumped to $1150 per metric tons, but declined in the afternoon, both sellers and buyers were away from the market and having wait-and-see attitude for two days.

Styrene, the major downstream market of benzene, further weakened, the market closed down $ 22.50 per metric tons to $1347.50 per metric tons FOB Korea Wednesday.

The market was cautious against the trend of crude oil. The US economy weakened on impact of financial crisis, limiting recovery of gasoline market.

As of September 19, a survey by the US Weekly Business showed that gasoline retail fell 5.7 percent, the lowest level of the whole year, due to hurricane-related factors.

However, ex-factory benzene prices from several Chinese manufacturers showed downward trend on September 25, 2008.

As a result of pressure on stocks, ex-factory price of benzene from Yanshan Petrochemical, Qilu Petrochemical, Luoyang Petrochemical, Zhongyuan Ethylene under Sinopec Beijing branch, declined by 400 Yuan to fall to 8200 Yuan per ton on September 25.

Ex-factory price of benzene from Jiujiang Petrochemical, Shanghai Petrochemical, Yangzi Petrochemical, Zhenhai Refining under Sinopec Shanghai branch is being quoted at 8400 Yuan per ton on September 25.

Ex-factory price of benzene from Changling Refining, Wuhan Petrochemical, Maoming Petrochemical under Sinopec Guangzhou branch is selling at 8400 Yuan per ton. Ex-factory price of benzene from Dushanzi Petrochemical is at 7600 Yuan per ton.

The uniform implementation price of Jilin Petrochemical, Daqing Petrochemical under CNPC Northeast Branch to intra-system is at 8200 Yuan per ton, benzene price for factories outside the system is at 8250 Yuan per ton on September 25.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: ABARES

Textiles | On 13th Dec 2017

Australian cotton production to grow 4% in 2017-18: ABARES

Cotton production in Australia is forecast to rise by 4 per cent to...

Global economy now growing by about 3%: UN

Textiles | On 13th Dec 2017

Global economy now growing by about 3%: UN

There is an upturn in the global economy, and it is now growing by...

Clothing prices rise 3% in November in UK market

Apparel/Garments | On 13th Dec 2017

Clothing prices rise 3% in November in UK market

As post-Brexit referendum currency adjustment continues, prices of...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Larry L Kinn
Suominen Corporation

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

Suresh Patel
Sidwin Fabric

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Yash P. Kotak
Bombay Hemp Company

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

December 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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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