Home / Knowledge / News / Textiles / Asian benzene prices record first decline of month
Asian benzene prices record first decline of month
14
May '09
Wednesday Benzene prices declined for the first time in Asia in this month as market supply increased. FOB Korea prices closed at US $660.00-661.00 per ton, $10 lower than the previous day, CFR Southeast Asia fell $10 in closing at $652.00-653.00 per ton.

At the same time, weak demand from Asia led to downward price adjustments in Europe and the United States. US Gulf FOB prices for June and July shipment fell 1 cent to 240 and 238 cents per gallon, respectively.

CIF ARA price in Europe reduced $12.50 to $755.50 per ton. The recent rise in prices of Benzene in the West has been mainly due to buyers seeking cargoes for July deliveries in Asian markets.

Currently benzene spread in Europe is $95 per ton. On Wednesday, Mitsui made a deal with GS Caltex at US $660 per ton for shipment in the first half of June and last week
Total Petrochemicals bought at least 2 cargoes of pure benzene in Asian market.

At the same time, Wednesday morning, YNCC1 cracker closed as a result of its compressor failure, but aromatic units were not affected. A Philippines petrochemical company launched a new petrochemical aromatics plant last week.

At the same time, price spread between naphtha and pure benzene expanded. On Tuesday, the spread between naphtha and pure benzene was $196.25 per ton; usually spread between the two is US $150-175 per ton.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 23rd Aug 2017

US govt initiates Section 301 investigation of China

The US government has initiated an investigation of China under...

Apparel/Garments | On 23rd Aug 2017

BRC welcomes clarity on goods flow during Brexit

British Retail Consortium (BRC) has welcomed the greater clarity that ...

Textiles | On 23rd Aug 2017

Pakistan minister seeks ideas to boost textile sector

The Pakistani Government will come out with short- and long-term...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Veronique Lee
Modavanti

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Karan Arora
Karan Arora

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth 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
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

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
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

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
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

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
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


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