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

Apparel/Garments | On 1st Mar 2017

CMAI's Apparel Index for Q3 shows lowest growth at 1.4 pts

CMAI’s Apparel Index for the third quarter FY 2016-17 shows that the...

Courtesy: Carter

Apparel/Garments | On 1st Mar 2017

Kidswear retailer Carter’s acquires Skip Hop Holdings

US headquartered kidswear retailer Carter’s said it has acquired Skip ...

Courtesy: Lectra

Information Technology | On 1st Mar 2017

Lectra makes new strategy for fashion in Industry 4.0 era

Lectra, the world leader in integrated technology solutions, has...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Johan Berlin
InvestKonsult Sweden AB

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

Yash P. Kotak
Bombay Hemp Company

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

Silvia Venturini Fendi
Fendi s.r.l

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

February 2017

February 2017

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


Browse Our Archives


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