Home / Knowledge / News / Textiles / Benzene prices decline in previous week
Benzene prices decline in previous week
14
Sep '10
In the just concluded week, in the Asian market, crude oil prices fell, prices of styrene increased and benzene market showed small volatility and closed at US $843-846 / ton (FOB Korea) on Thursday. In the reporting week, Chinese domestic benzene market performed weak and as of Friday, domestic market prices fell compared with the last working day of its previous week.

On September 10, market price in East China ranged between 6400-6500 Yuan / ton, down 50 Yuan / ton from last Friday; in South China, it was also down by 50 Yuan to 6400-6500 Yuan / ton. However, market price in North China maintained at 6300-6400 Yuan / ton, unchanged from the low-end level of its previous week, but down 100 Yuan from the high-end level of the previous week.

Basic ex-factory price of benzene from domestic refineries declined. Ex-factory price from Sinopec fell 200 Yuan in East China and benzene prices of the Sinopec plants in the region stood at 6600 Yuan / ton. In North China, ex-factory price of Sinopec benzene fell by 300 Yuan and the unified implementation level were assessed at 6500 Yuan / ton.

Sinopec offer declined 250 Yuan in Central China and the unified implementation level of all the plants was 6,550 Yuan / ton, starting from September 8. The selling price from China National Petroleum for supply to outside users fell 100 Yuan to 6370 Yuan / ton and that from Dalian Fujia Dahua dipped by 200 Yuan to 6,700 Yuan / ton.

International price have displayed substantial volatility, overseas offers are under consolidation, domestic market remains stable, due to the influence of price cut of manufacturers and refineries, the market is covered with strong watching sentiment, being impacted by electric supply quota, due to which, market sentiment is depressed.

Market participants expect that short-term benzene market will support a weak correction.

Fibre2fashion News Desk - India


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Larry L Kinn
Suominen Corporation

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

Suresh Patel
Sidwin Fabric

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

Silke Brand-Kirsch
Schlegel und Partner

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

Sanjukta Dutta
Sanjukta's Studio

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

Silvia Venturini Fendi
Fendi s.r.l

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

Rupa Sood and Sharan Apparao
Nayaab

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

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search