Home / Knowledge / News / Textiles / Nippon Oil settles benzene Nov ACP at low level
Nippon Oil settles benzene Nov ACP at low level
Nov '08
It has been learned that Nippon Oil Corporation has settled its November benzene Asian Contract Price (ACP) at US $370 per metric ton. Confirming the news to Fibre2fashion, company sources said that this price is 65 percent lower than the October rates.

The benzene market has been showing a downward trend, with prices averaging at $1,102.98 per metric ton in September and falling to around $677.15 per metric ton in October.

Sources said that the reason for such low rates is the weak demand and panic in the market. However, Company expects the price to recover very soon.

Reportedly, Nippon's settlement and benchmark naphtha CFR Japan basis price was offered at $271 per metric ton on Tuesday. Thus, the benzene-naphtha spread is calculated at $99 per metric ton.

Experts say that to maintain a balanced trade, Nippon Oil requires the difference to be atleast within the range $200-250 per metric ton.

Fibre2fashion, News Desk - India

Must ReadView All

(L-R) Mr Shao Bojin, Chairman of Jihua Group and Mr Rohit Aggarwal, President of Huntsman Textile

Textiles | On 28th Oct 2016

Huntsman gets into strategic partnership with Jihua Group

Huntsman Textile Effects, the leading provider of high quality dyes...

Marzoli FT6D roving frames in Sintex’s Unit 2. Coutresy: Marzoli

Textiles | On 28th Oct 2016

Marzoli roving frames erected at Sintex textile division

A total of 48 Marzoli roving frames were erected in units I, II and...

Courtesy: Polartec

Textiles | On 28th Oct 2016

Polartec innovates most breathable waterproof fabric

Polartec, the premium provider of innovative textile solutions, has...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Kevin Nelson

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

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

Igor 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


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search