Home / Knowledge / News / Textiles / Benzene market observes bearish trend
Benzene market observes bearish trend
31
Oct '08
Although benzene markets in Europe and America moved higher, Asian region is finding it hard to change its bearish trend. Wednesday market was flat. FOB Korea closed at US $356.50-$357.50 percent, South-East Asia closed at $340.50-$341.50 per ton, untouched by the strengthening trend in overseas markets of Europe and the United States.

In Asian markets, benzene shipment for the later part of December was offered at $340 per ton. One of the trade deals for November shipment was inked at US $350 per ton CFR South Korea.

Weak economy, feeble demand and falling benchmark for Benzene price are regarded as main factors for the drop in Asian benzene for November shipment from Japan Oil.

Japan Petrochemical offered Asian Benzene contract price for November shipment at US $520 per mt CFR, showing 51 percent fall from the previous month. Slower global economy has hurt all fields of petrochemical industry.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Textiles | On 23rd May 2017

Grasim's VSF business net revenue up 12% in Q4 FY17

The viscose staple fibre (VSF) business of Grasim Industries has...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Kevin Nelson
TissueGen

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Bani Batra

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

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