Home / Knowledge / News / Textiles / Benzene prices dip in worldwide markets
Benzene prices dip in worldwide markets
Aug '10
The Asian and Chinese benzene market softened on Wednesday. In Asia, FOB Korea closed at US $844-845 / ton and FOB Southeast Asia fell to $832.5-833.5 / ton, down $9.25 and $9 / ton, respectively, from the previous day.

Talks for October contract were around $841-860 / ton in the morning and one single deal was made between BIT and Shell at $850 / ton (FOB Korea). Offers of cargo for October and November shipment stood at $840 and $850 / ton (FOB Korea).

China's domestic benzene market atmosphere was mainly based on wait and watch. Market price in East China was quoted at 6500-6600 Yuan / ton, prices in South China were assessed at 6450-6550 Yuan / ton and that in North China stood at 6400-6500 Yuan / ton.

In the European market, benzene prices continued to decline, due to the impact of weak crude oil and fall in prices in Asia and US. FOB Rotterdam closed at $881.5-882.5 / ton, down $13 from the previous day.

CIF ARA closed at $872-873/ ton, down $12.25. Buyers were on sideline, market sentiment was light. September shipment was quoted at $890-900 / ton in the morning, but declined to $890.5 / ton. Inquiring intention was $880.5 / ton.

Offers for September were quoted at $880.5 / ton (CIF ARA), however, enquiries were made between $865.5-875.5 / ton.

US benzene closed steady at 298.9-299 cents / gallon (FOB US Gulf) on Wednesday. Price for September shipment slightly weakened, it was reported that offers were made at 302 cents / gallon. Estimated price of September cargo was 301 cents / gallon.

Fibre2fashion News Desk

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Information Technology | On 26th Oct 2016

EFI & Konica Minolta to sell cloud-based MIS solutions

Electronics For Imaging, Inc. (EFI), a global technology company...

Interviews View All

Amrit Sethia

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

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Eric Scholler

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

Larry L Kinn
Suominen Corporation

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Silvia Venturini Fendi
Fendi s.r.l

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

Pranav Mishra

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


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search