Home / Knowledge / News / Textiles / Asian benzene price touches 28-month high
Asian benzene price touches 28-month high
20
Jan '11
In the Asian markets, benzene spot prices created a new high in 28 months on early Wednesday, reaching US $1,120-1,130/ ton (FOB Korea), up $25 from Tuesday, as being boosted by price rise in the United States and EU markets overnight.

US benzene prices rose to US $4.19-4.21 / gallon or US $1,252-1,258/ ton FOB on Tuesday, while prices increased to US $1,230-1,240/ ton CIF ARA (Amsterdam, Rotterdam, and Antwerp) in the EU, mainly due to tight supply.

According to an Asian exporter, as the arbitrage window to the United States reopens, there will be more benzene exported to the United States this month, currently benzene price in U.S. market is US $128-132 / ton higher than the price in Asia.

In the Chinese domestic market, pure benzene market prices were stable, discussing atmosphere was fair. Market price in East China was 7500-7600 Yuan / ton, market price in South China performed 7500-7600 Yuan / ton and mainstream price in North China was 7500-7600 Yuan / ton.

While overseas prices fell, Chinese domestic benzene market prices were stable, due to the influence of high level consolidation of crude oil price, downstream market was covered with thicker waiting atmosphere, and market trade was flat.

With tight supply in domestic market in recent time, market participants expect that short-term market conditions of Chinese domestic benzene may hold a firm trend.

Fibre2fashion News Desk


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Urs Stalder
Sanitized AG

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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:
July 2017

July 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