Home / Knowledge / News / Textiles / Asian & European benzene prices up on Wed
Asian & European benzene prices up on Wed
25
Nov '10
Asian benzene closed at US $920.75-921.75 / ton, (FOB Korea) and $911.75-912 .75/ ton (FOB Southeast Asia) on Wednesday, up $3.5 and $3, respectively. Spot trade concentrated on January and February shipment.

Discussion for January cargo ranged between $915-925 / ton and then increased to $925-945 / ton, while, discussion for February cargo ranged around $930-945 / ton. Discussion for December cargo was rare.

At present, the spread between benzene and naphtha is $150 / ton and the spread between benzene and toluene is $38 / ton. Therefore, it is difficult to guarantee operation of TDP plants. TDP production will have profits, only when benzene price is $80-100 / ton higher than toluene.

JX Nippon Oil & Energy proposed the price for December benzene contract at $960 / ton (CFR), which is $10 / ton higher than settlement price of November contract.

European benzene price rose on Wednesday, due to strong rebound in international oil price. FOB Rotterdam closed at $954.75-955.75 / ton, up $10, CIF ARA closed at 944.75-945.75 / ton, up $10.75. Pure benzene market was firm in the morning, offers for December supply ranged around $950.5-955.5 / ton, traders were cautious, market trend looked slightly confused.

November and December pure benzene in the United States closed at 324.9-325 cents / gallon (FOB U.S. Gulf) and 323.9-324 cents / gallon (FOB U.S. Gulf), respectively.

Discussion for December cargo was around 317.5-323 cents / gallon in the morning, but with NYMEX crude oil prices increasing by $2 / barrel, discussion for December supply rose to 321-325 cents / gallon. Talks for supply in the first half of December were round 324-326.5 cents / gallon.

Fibre2fashion News Desk

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Johan Berlin
InvestKonsult Sweden AB

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

Ashok Desai
Bombay Textile Research Association

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Karan Arora
Karan Arora

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

Silvia Venturini Fendi
Fendi s.r.l

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search