Home / Knowledge / News / Textiles / Sinopec hikes prices of Benzene across all branches
Sinopec hikes prices of Benzene across all branches
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: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Karan Arora
Karan Arora

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Rupa Sood and Sharan Apparao

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

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


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


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