Home / Knowledge / News / Textiles / Asian pure benzene continues to rise on Wednesday
Asian pure benzene continues to rise on Wednesday
15
Oct '09
Asian pure benzene continued to rise on Wednesday and grew by US $5.25, on expectations that shipments may reach European and American markets by the second half of November to counter-balance the declining trend of prices in two places.

Pure benzene FOB South Korea closed at $776.5-777.5 per ton and pure benzene FOB Southeast Asia closed at $773.5-774.5 per ton. In Asian markets, morning offers for December shipment were at US $775 per ton FOB South Korea, but rose to US $800 in the afternoon.

In the trade window, Trammochem sold one cargo to GS Caltex at US $777 per ton for shipment in the second half of November. About 9,000 tons of pure benzene will be shipped from Indonesian Tuban island to Kuwait. 6,000 tons of cargos will be shipped between November 20-25, another 3,000 tons will be shipped between November 16-19.

In company news, a Kuwaiti Petrochemical manufacturing plant with an annual capacity of 830,000 tons plans to start commercial production on Thursday. This plant will produce 390,000 tons of pure benzene every year, mainly used in producing styrene by Kuwaiti Styrene Company, this plant started production from mid-August.

Market sources say that Vitol Corporation will transport 9,000 tons of pure benzene from Chinese Dalian to ARA region between end of October and beginning of November.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mohammad Hassan
Biax Fiberfilm

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra
Huemn

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

Bani Batra

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

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:
June 2017

June 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