Home / Knowledge / News / Textiles / Demand for benzene derivatives expected to fall
Demand for benzene derivatives expected to fall
16
Apr '09
Despite tight market supply, pure benzene main Asia continued to slightly increase on Wednesday. FOB Korea closed in US $651-652 per ton, South-East Asia closed at $642.50-643.50 per ton, both falling by $1.75 per ton.

Early morning trade activities were slow; offers for June contract were made at $645 per ton and at $660 per ton in afternoon trades. China Aviation Oil (CAO) bought a shipment for delivery in June at $655 per ton and another deal was made at $650 per ton between Interchem and OTI.

In recent weeks, prices of Benzene have shot up due to a supply shortage, as Asian benzene producers had reduced their plant operation rate in the past few months. Due to a price difference existing between the US and Asia market, benzene manufacturers are now using the arbitrage window to offload their stocks in Asia.

Japan Oil's TDP plant with a production capacity of 90,000 tons per year of Benzene has reached full capacity since its restart last week. Recent hikes in prices of Paraxylene (PX) have also had TDP operators in Asia rapidly increasing operation loads.

Commenting on the outlook of the market, demand for pure benzene derivatives from downstream market are expected to decline. Asian styrene, polystyrene and ABS resin are expected to get into a downward adjustment. Increase of styrene supply and greater resistance from buyer in lower reaches indicates bearish market sentiment.

Affected by global economic downturn, benzene exports from South Korea to the United States are in a sharp decline for three consecutive months; March benzene exports were 14,563 tons, representing a year-on-year decline of 73 percent. March benzene exports to China were 37,799 tons and Taiwan 38,536 tons.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Abhishek Ganguly
Puma India

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

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Karan Toshniwal
Orange O Tec

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Paolo Ocleppo
Sandvik Hyperion

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

Sonam & Paras Modi
SVA

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Jay Ramrakhiani
Occasions Elegance Wear

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

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