Home / Knowledge / News / Textiles / Benzene demand reduces significantly
Benzene demand reduces significantly
20
May '10
The crude oil market continued to fall on May 18 and closed below US $70/ barrel. Offers of overseas benzene supply closed higher in Asia and European markets on the same day.

However, Asian benzene market edged lower on May 19. July cargo was quoted up to US $895/ ton (FOB Korea main port), corresponding buying level was at $888 / ton, or down US $7-10 from the previous close.

As of yesterday, intercontinental arbitrage opportunities between Asia and Europe still existed. Overseas goods in Asian market ranged between $902.5-903.5 / ton, the spread between domestic goods and overseas goods ranged 300-400 Yuan / ton.

China's benzene market followed the price decline of Sinopec yesterday, but the decline was not meaningful to the market, as manufacturers still hold high inventory and face larger supply pressure.

After the sharp decline, market sentiment appeared deserted yesterday, offers were light, and some traders temporarily closed offers and exited the market, waiting for market rebound.

Recently Asian Styrene and aniline market conditions continued in downward direction. As the market faces many negative factors, short-term market trend is expected to go lower, fundamentals will witness, basically no change.

Click here to view quotes of various aromatics.

Fibre2fashion News Desk

Must ReadView All

Apparel/Garments | On 28th Apr 2017

Continue existing Duty Drawback, ROSL scheme post GST: TEA

Tiruppur Exporters' Association (TEA) has made requisitions to...

Apparel/Garments | On 28th Apr 2017

Deckers Brands starts review of strategic alternatives

Deckers Brands, a global leader in designing, marketing and...

Courtesy: Adidas

Apparel/Garments | On 28th Apr 2017

Adidas, Siemens initiate joint research programme

Adidas and Siemens are initiating a joint research programme for...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Ashok Desai
Bombay Textile Research Association

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Tony Ward
Tony Ward

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

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:
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



X