Home / Knowledge / News / Textiles / Benzene trends register worldwide gains
Benzene trends register worldwide gains
14
Oct '10
Asian benzene markets rose on Wednesday, discussion level for December supply was around US $935-945 / ton.

China's domestic benzene market appeared firm on Wednesday. Offers to external users from Northeast branch of China National Petroleum increased by 300 Yuan / ton to 6,950 Yuan/ ton. Ex-factory price from Lanzhou Petrochemical increased by 300 Yuan to 6300 Yuan / ton.

Benzene price in East China stood at 7,200 Yuan / ton, price in South China was 6800-6800 Yuan / ton and in North China it was quoted at 6800-6800 Yuan / ton.

European benzene prices too rose on Wednesday, FOB Rotterdam closed at $964-965 / ton and CIF ARA closed at $953.75-954.75/ ton, $12.5 / ton, higher than the previous day. Rising price of crude oil futures, boosted benzene market in northwest European.

Offers for October supply ranged between $940.5-950.5 / ton CIF ARA and offers for November supply stood between $950.5-960.5/ ton CIF ARA.

It was reported that one single deal was reached at US $945 / ton, for shipment in October. Trade extension fees for October and November rose to $13 / ton from $10 / ton.

In the US, October and November benzene rose 4.6 cents / gallon, to close at 329-329.1 cents / gallon FOB U.S. Gulf and 328.5-328.6 cents / gallon FOB U.S. Gulf respectively, on Wednesday.

Mainstream talks in early morning trade were around 325-329 cents / gallon FOB U.S. Gulf, but after November supply traded at 328 cents / gallon, mainstream discussion increased to 327-330 cents / gallon.

In industrial news, it has been learnt that India's Haldia Petrochemicals will restart its benzene plant which has a capacity of 130,000 tons / year, which shutdown for maintenance on October 2.

In China, the aromatics plant of Fu Jia Dahua stopped production due to some reasons on Wednesday and this shutdown will remain in force for around 10 days.

South Korea's S-oil will overhaul its TDP unit in the third quarter, the maintenance period will be one month.

Fibre2fashion News Desk


Must ReadView All

EU, Japan finalise Economic Partnership Agreement

Textiles | On 18th Dec 2017

EU, Japan finalise Economic Partnership Agreement

Building on the political agreement reached in principle during the...

WTO, ITC launch cotton portal to enhance transparency

Textiles | On 18th Dec 2017

WTO, ITC launch cotton portal to enhance transparency

The World Trade Organisation (WTO) and the International Trade Centre ...

India much behind China in containerised cargo capacity

Textiles | On 18th Dec 2017

India much behind China in containerised cargo capacity

India’s total containerised cargo capacity of 8.75 million...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Harsh Shah

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Judy Frater
Somaiya Kala Vidya

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

December 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
68.1%
No
13.8%
Skip
18.1%

Total Votes: 94

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
62.8%
No
29.8%
Skip
7.4%

Total Votes: 94

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
87.2%
No
9.6%
Skip
3.2%

Total Votes: 94

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
81.9%
No
8.5%
Skip
9.6%

Total Votes: 94


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