Home / Knowledge / News / Textiles / Benzene prices in the Asian region soar
Benzene prices in the Asian region soar
22
Jan '09
Reportedly, on January 22, the implementation price of pure benzene from Daqing Petrochemical, Jilin Petrochemical, under Northeast Marketing Company of China National Petroleum stood at 3050 yuan per ton with normal production rate.

Benzene price of Lanzhou Petrochemical is at 2800 yuan per ton with goods sold in East and North China. The Company has a capacity of producing 160,000 tons per year.

The implementation price of Maoming Petrochemical is quoted at 3300 yuan per ton; its January plan is to produce 3908 tons of pure benzene.

Shandong Qiwangda is currently operating at about 85 percent; its ex-factory price of Benzene is at 3,300 yuan per ton. Production capacity of the Company is at 60,000 tons per year.

Pure benzene price of Qilu Petrochemical is at 3200 yuan per ton, one of its aromatics plants is already shut due to maintenance since earlier this month; production capacities carried by the manufacturer are 200,000 tons per year of Benzene. According to the manufacturer, as the market remains in doldrums, production resumption time can not be determined.

Asian pure benzene negotiations slightly shrink, as Chinese New Year is approaching, traders are waiting to see intention of China's imports. Quotations for arbitrary March shipment stood at US $355-$370 per ton, FOB Korea.

Asian Benzene transaction: arbitrary March cargo is transacted at $653 per ton, FOB Korea.

On Wednesday, Asian Benzene stood at $360.00-$361.00, FOB Korea, up $0.25; FOB Southeast Asia was at $337.00-$338.00, up $0.25.

March shipment was offered at $380 per ton, counter-offer was at $350 per ton, $10 higher than April cargo.

Market prices in Europe and the United States rose steadily; domestic price also rose up to 3200 yuan per ton.

For world market prices of Benzene click here

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 16th Aug 2017

USITC to continue investigations on PSF imports

The US International Trade Commission (USITC) has determined that...

Textiles | On 16th Aug 2017

India’s apparel exports stumble in July 2017

Exports of readymade garments (including those made of cotton,...

Apparel/Garments | On 16th Aug 2017

EU displaces Japan as Myanmar’s largest apparel market

After the reinstatement of Generalised Scheme of Preferences (GSP)...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Kai Poehler
Voith Paper GmbH & Co. KG

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

August 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
66.7%
No
18.5%
Skip
14.8%

Total Votes: 27

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
37.0%
No
40.7%
Skip
22.2%

Total Votes: 27

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
81.5%
No
7.4%
Skip
11.1%

Total Votes: 27

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
55.6%
No
11.1%
Skip
33.3%

Total Votes: 27


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



X