Home / Knowledge / News / Textiles / Asian benzene market up, Chinese down
Asian benzene market up, Chinese down
17
Mar '11
Because of fall in international oil prices, China's domestic market of pure benzene witnessed downward trend with very low volumes. On the other hand, Asian benzene prices showed some improvement.

Domestic markets benzene market prices remained flat at 8250-8300 Yuan / ton in East China, while they declined a little to 8400-8500 Yuan / ton in South China. In North China, mainstream market prices were 8200-8300 Yuan / ton. .

In Asian market, benzene price witnessed a net gain of US $30 from the previous day, closing at US $1210-1213/ ton (FOB Korea).

Decline in international oil prices has played a major role in keeping prices flat. Though downstream sector digested these shocks, overall market sentiment affected badly.

Though market scenario at present is not favorable, short-term benzene market conditions are expected to strengthen.

Factors affecting the market and market trends: while outside market price fell, domestic benzene market conditions slightly softened due to the impact of price collapse in international oil, downstream sector mainly digested stocks temporarily, overall market sentiment was moderate.

Market participants expect that short-term market conditions of domestic benzene may maintain consolidation trend.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Courtesy: Williamsburg Garment Company

Fashion | On 28th Apr 2017

'We have grown by staying small & maximising efforts'

The easiest way to go out of business is to be too big or expand too...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marcel Alberts
Eurofibers

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner
Devereux

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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:
April 2017

April 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



X