Home / Knowledge / News / Textiles / Sinopec hikes prices of Benzene across all branches
Sinopec hikes prices of Benzene across all branches
19
Feb '09
The Asian Benzene market continued to fall on February 18, due to buyers disappearing from markets of China. The markets were mainly focused on contracts for deliveries in April and May, in which few deals were concluded.

The domestic refineries have still not hiked the operation rates, which had been cut back in 2008 and they are mainly supplying to buyers who hold contracts, signed in earlier months, for deliveries in February.

In spite of Asian benzene market going down, Sinopec, the biggest petrochemical company in China, hiked prices of Benzene across all its branches in its domestic market in China. Wuhan Branch of Sinopec raised its ex-factory prices by 200 Yuan per ton to 3700 Yuan per ton, while the Canton Branch also raised its ex-factory price by 200 Yuan to touch 3800 Yuan per ton.

On similar lines, on February 19, Sinopec raised Benzene ex-factory prices in its Beijing branch to 3700 Yuan per ton. The same ex-factory price of 3700 Yuan per ton, too have been quoted by other branches of Sinopec, which includes Wuhan petrochemical, Changling refining, Tianjin Petrochemical and Qilu Petrochemicals.

The other Sinopec branches which implemented a hike in ex-factory prices of Benzene were Guangzhou branch, Hainan Petrochemical and Maoming Petrochemicals who raised their prices by 200 Yuan to 3800 Yuan per ton.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: Fashion Revolution/Fashion Transparency Index

Apparel/Garments | On 23rd Apr 2018

Transparency helps in swiftly alerting brands

Disclosing key supplier, supply chain and operational information...

Japan’s clothing imports up 4% in fiscal 2017

Apparel/Garments | On 23rd Apr 2018

Japan’s clothing imports up 4% in fiscal 2017

Japan’s imports of clothing and accessories increased by 4 per cent...

Courtesy: Fashion Revolution/Fashion Transparency Index

Fashion | On 23rd Apr 2018

Top global fashion brands now more transparent

Fashion Revolution’s Fashion Transparency Index 2018 reveals Adidas...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Rupa Sood and Sharan Apparao
Nayaab

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

Leave your Comments


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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