Home / Knowledge / News / Textiles / Asian benzene markets rebound marginally
Asian benzene markets rebound marginally
30
Apr '09
Asian benzene market slightly rebounded by US $4.25 per ton on Wednesday, due to stronger movement of international crude oil, FOB Korea closed at $577.50-578.50 per ton and South-East Asia closed at $569-570 per ton.

Sellers offered at $580 per ton, FOB Korea, but buyers were absent from the market in the morning. Market trade resumed at noon and June shipments traded at $565 per ton. MBK sold to GS Caltex a cargo at $577 per ton for June shipment.

Impacted by poor demand, price of styrene in China fell to 4300-4400 Yuan per ton. Since entering the second quarter, China's production capacity has increased and the petrochemical plant of CNOOC located in Huizhou is planning to start commercial operations in June, and its production capacity of pure benzene is 300,000 tons per year.

At the same time, downward price pressure from ocean-going vessels in May and June has not reduced. About 80,000 tons of goods will come from Europe, of which, 35,000 tons will come from Vitol and Interchem and 42,000 tons will come from the United States.

These goods will arrive in Asia in June. Market sources say that another 30,000 tons will arrive in Asia in June from Iran.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Eric Scholler
Groz-Beckert

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Yash P. Kotak
Bombay Hemp Company

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do 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

July 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

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X