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

Apparel/Garments | On 29th May 2017

Christopher & Banks Corporation Q1 2017 sales down 11.5%

The net sales of Christopher & Banks Corporation for the first...

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

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

Mark Paterson
Technical Absorbents Ltd

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

Rupa Sood and Sharan Apparao
Nayaab

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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:
May 2017

May 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