Home / Knowledge / News / Textiles / Benzene prices up in US, down in Europe & Asia
Benzene prices up in US, down in Europe & Asia
Dec '10
Asian benzene closed at US $973-974/ ton (FOB Korea) and $963 -964/ ton (FOB Southeast Asia) on December 8, down $4 / ton, influenced by decline of crude oil and naphtha prices.

50,000 tons of benzene will be shipped to United States market in December; arbitrage between the two markets has once again opened and negotiation for 2011 January cargo has started.

Offers for February cargo fell from $1,000 to $990 / ton on the day, counteroffers were at $975 / ton. Talking level for March shipments was at $985-995/ ton.

Offers for January cargo were at $979 / ton, but no transaction was reported.

December pure benzene supply in the United States rose 1 cent to close at 361.05-361.15 cents / gallon (FOB U.S. Gulf) on December 8; January supply gained 2 cents to close at 349.05-349.15 cents / gallon. Inquires and offers of December supplies were at 371 cents / gallon and 356 cents / gallon, respectively.

It was reported that supply of the first half in January was offered at 350-365 cents / gallon. Trade level of January shipment was 345-355 cents / gallon. Market participants looked more optimistic about the market in December, as supply was light.

European benzene prices fell on Wednesday, of which FOB Rotterdam closed at $1017.5-1018.5 / ton, down $4.75 / ton; CIF ARA closed at $1007.25-1008.25 / ton, down $5.25 / ton.

Trading level for December supply ranged between $1003.5-1016.5 ton (CIF ARA) on the day, as there was existing deferred fee. Offers for January supply stood at $1,031.5 / ton, inquiries were at $1,018.5 / ton. Buying interest was poor in the market and no actual transaction was reported.

Fibre2fashion News Desk

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Hannah Lane

Encouragement from brands will motivate supply chains to become more...

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Giorgio Mantovani
Corman S.p.A

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

Paolo Ocleppo
Sandvik Hyperion

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Robert Brunner

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

Rupa Sood and Sharan Apparao

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


Letter To Editor

(Max. 8000 char.)

Search Companies

April 2017

April 2017

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


Browse Our Archives


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