Home / Knowledge / News / Textiles / Asian benzene markets on a high
Asian benzene markets on a high
17
Sep '09
Asian Benzene market went higher on Wednesday due to many uncertainties in recent time and short covering by businessmen, the market was quite active in the afternoon and closed higher by US $15.5 per ton.

FOB South Korea Benzene closed at $798.25-799.25 per ton and FOB Southeast Asia Benzene closed at $786.25-787.25 per ton.

Early in the afternoon, Elico made a deal with BIT at $805 per ton, FOB Korea, for shipment in the first half of November, then GS Caltex bought October cargoes from SK Networks and Interchem company at $798 per ton, shipment in the second half of October.

C Chem and Trammochem made an outside of market deal at $799 per ton for shipment in November. Shanghai Petrochemical opened its new Paraxylene plant in Jinshan. The plant has PX capacity of 600,000 tons per year and Benzene capacity of 280,000 tons per year.

With restarting plan of styrene units, pure benzene exports from Japan are expected to decline from September to November. Asahi Kasei plans to close its No 3 plant in Mizushima on October 11 for 40-days maintenance, the plant with 39 million tons of capacity is tentatively scheduled to resume production on November 20.

Japan Oxirane plans to close its styrene plant with 425,000 tons per year capacity in Chiba for 5 weeks of maintenance. Exxon Mobil plans to ship 4,000 tons of aromatics from Singapore to Al-Jubail by mid-October.

It has also been reported that, production of benzene in China reached 2.97 million tons in the period January to August of 2009, representing an increase of 12 percent year on year.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 18th Jan 2017

China lays out plan to boost foreign investment

The Government of China has outlined measures to boost foreign...

Prime Minister Theresa May speaking on the UK government's negotiating objectives for exiting the EU. Courtesy: UK government

Textiles | On 18th Jan 2017

UK to pursue trade agreements with other countries

The United Kingdom will pursue free trade agreements with the EU and...

Courtesy: Alibaba Group

Apparel/Garments | On 18th Jan 2017

Alibaba forges global alliance to fight counterfeiting

Jack Ma led Alibaba Group has forged an alliance with various global...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Paolo Ocleppo
Sandvik Hyperion

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eric Scholler
Groz-Beckert

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search