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

Courtesy: House of Fraser

Textiles | On 27th Apr 2017

House of Fraser's online sales up 16.1%

British department store group House of Fraser's online sales have...

Textiles | On 27th Apr 2017

Rieter completes 20 years of launching Com4 yarn

Rieter, the world's leading supplier of systems for short-staple...

Textiles | On 27th Apr 2017

Walmart releases 10th Global Responsibility Report

Walmart has released its tenth annual Global Responsibility Report,...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Eric Scholler
Groz-Beckert

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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