Home / Knowledge / News / Textiles / Asian & Chinese benzene prices weaken
Asian & Chinese benzene prices weaken
Mar '11
Due to decline in overseas offers as well as price cut by refineries, China's domestic benzene markets weakened further with very limited trade activities on Wednesday.

In Asian market too, benzene declined US $5 from the previous day's level, closing at US $1175-1178 / ton (FOB Korea).

Chinese domestic benzene was quoted 8,000-8,100 Yuan / ton in East China markets and 8,400-8,500 Yuan / ton in South China markets. Mainstream offers in North China recorded prices of 8,000-8,100 Yuan / ton.

Decline in Chinese benzene prices was mainly due to two factors. First, was the price cut by most of the big refineries from March 22. Dalian Fu Jia Dahua lowered its pure benzene price by 200 Yuan to 8,600 Yuan / ton. North Branch of Sinopec too lowered its benzene offer by 300 Yuan / ton.

Tianjin Petrochemical, Shijiazhuang Refinery, Qilu Petrochemical, Qingdao refinery unified their price level at 8,400 Yuan / ton.

The second reason is decline in overseas offers. Because of this factor, the market could not get demand support from downstream sector resulting in limited trade activities. Domestic toluene market too slightly weakened due to these factors.

Though market is showing downward trend, market participants expect short-term market conditions of domestic benzene to maintain consolidation trend.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Johan Berlin
InvestKonsult Sweden AB

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

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Pranav Mishra

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts 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


news category

Related Categories:
June 2017

June 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