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

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Giorgio Mantovani
Corman S.p.A

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Karan Arora
Karan Arora

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

Sonam & Paras Modi
SVA

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

Silvia Venturini Fendi
Fendi s.r.l

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

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 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search