Home / Knowledge / News / Textiles / Chinese benzene trends light but stable
Chinese benzene trends light but stable
26
May '11
Chinese domestic market conditions of benzene were light but stable on Wednesday, negotiation atmosphere was quiet.

Chinese domestic benzene price in eastern China ranged between 7,850-7,900 Yuan / ton, market price in South China stood around 8,000-8,050 Yuan / ton and mainstream price in North China was marked around 7,950-8,000 Yuan / ton.

In the Asian market, benzene rose US $5 from the previous trading day to close at US $1120-1123 / ton (FOB Korea).

Although prices of international crude oil and overseas offers rose, Chinese benzene market held a light but steady trend, due to price reduction of domestic petrochemical refineries, downstream demand was mainly sluggish, and market trade volume was limited.

Market participants expect that domestic market will be based on consolidation in the short term, but do not rule out the possibility of a decline.

In plant news, Central Sales branch, East China branch and South China branch of Sinopec reduced its sale price of benzene by 200 Yuan to 8,000 Yuan / ton. While North China branch, reduced it by 160 Yuan to 8,000 Yuan / ton.

Dalian Fu Jia Dahua too reduced its benzene offer by 200 Yuan to 8,100 Yuan / ton. Its aromatics plant has started normal operation and has no maintenance plan in the immediate future.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Steve Cole
Xerium Technologies

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner
Devereux

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

Pranav Mishra
Huemn

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

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


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