Home / Knowledge / News / Textiles / Benzene prices up in US, down in Europe & Asia
Benzene prices up in US, down in Europe & Asia
09
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

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Johan Berlin
InvestKonsult Sweden AB

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

Lynda Kelly
Suominen Corporation

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Karan Arora
Karan Arora

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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