Home / Knowledge / News / Textiles / Asian benzene prices dip on cues from crude oil
Asian benzene prices dip on cues from crude oil
30
Jul '09
With the crude oil market reversing its direction and spreading bearish sentiment, Asian benzene fell US $24.75 per ton on Wednesday. FOB Korea closed at $860-861 per ton while FOB Southeast Asia closed at $851-852 per ton.

Offers for September cargo were at $870-880 per ton FOB Korea in the morning, but sharply declined to US $858 per ton later in the day as counteroffers made by buyers were at $840 per ton.

End-users of pure benzene in downstream sector strongly rejected benzene price at high-end, so bearish market sentiment were heavier. It is reported that a single deal was made at $858 per ton, FOB Korea, but it was not verified.

Towards the end of the session, GS Caltex made a deal with SABIC at $855 per ton for shipment in September. In other news, India shipped 6,000 tons of pure benzene to Singapore and Merak.

Exxon Mobil Co will ship 5,000 tons of pure benzene from Singapore to Saudi Arabia's Jubail Al Jubail in the first half of September.

In Asian markets, most market participants follow direction of oil markets and await further clarity and expect that pure benzene production will increase in the third and fourth quarters.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mohammad Hassan
Biax Fiberfilm

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

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

Sonam & Paras Modi
SVA

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

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