Home / Knowledge / News / Textiles / Benzene prices continue downward trend
Benzene prices continue downward trend
20
Nov '08
Although few of the raw materials for the textiles came out of the shadow of global recession, benzene market prices failed to move upward on the back of lower demand and plunging crude prices.

Asian benzene market prices slipped by $17.5 per mt on Wednesday. The opening offers stood at $350 per mt for January contracts. In the latter part of the day, prices were quoted at $320-330 per mt for shipments in the second half of December and at $330-340 per mt for January.

Today, Asian benzene prices fell below US $300 per ton. A contract for January shipment was inked at around $290 per ton FOB Korea.

Chinese benzene prices remained stable at RMB2,900-3,000 per mt ex-factory. However, market sentiment improved a bit expecting local buying interest would surge.

In the European region, benzene market prices continued its down ward trend, with selling prices quoted at around $280-285 per mt CIF ARA for November and at around $300/mt CIF ARA for December in the opening session. There after market closed with prices pegged at around $240-$270 per mt CIF ARA for November; $270-$280 per mt CIF ARA for December and at around $290-$300 per mt CIF ARA for January.

In the US market, benzene market prices dropped by about 7-8cts per gallon to close at below $1.20 per gallon level on Wednesday. Following a dull trading session through out the day, market closed with prices stood at around $1.12-$1.17 per gallon for November and December and at around $1.20-$1.25per gallon for January shipments.

World market express of benzene prices click here

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: SIMA

Textiles | On 6th Dec 2016

Amma gave special attention for textile growth in TN: SIMA

Former Tamil Nadu chief minister J Jayalalithaa paid special...

Textiles | On 6th Dec 2016

Cash inflow will revive sales: Textile industry

The textile industry representatives are hopeful of revival of...

Courtesy: EFI Reggiani

Textiles | On 6th Dec 2016

EFI Reggiani shows inkjet textile solutions at India ITME

EFI Reggiani, a leading technology provider of a full range of...

Interviews View All

Karel Williams
Dow Microbial Control

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

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Suresh Patel
Sidwin Fabric

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

Johan Berlin
InvestKonsult Sweden AB

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Yash P. Kotak
Bombay Hemp Company

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sonam & Paras Modi
SVA

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

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 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search