Home / Knowledge / News / Textiles / Asian pure benzene market bounces back
Asian pure benzene market bounces back
03
Apr '08
On Wednesday, April 4, Asian pure benzene market rebounded slightly, FOB Korea closed at US $1072.50-1073.50, up $4.25 per ton, FOB South East Asia increased by $2.25, and closed at $1066.25-1067.25 per ton, being influenced by the increase in May crude oil and the uncertainty in US pure benzene market.

Market participants said that Asian market was nervous to a certain extent, but some other were of the openion that the price decline in backward futures indicated that April market supply and demand were basically balanced

According to traders, Asian spot market is expected to remain relatively tight in April as a large number of cargoes (about 9000-15000 tons) will be sent to Southeast Asian market during this period.

Another report expressed, last week outages of S-Oil aromatics and TDP device reached about 9,000 tons, also contributing to supply shortage.

The market clearly gave a signal of tension in Korean market when Mitsui & Co. offered at US $1,078 / mt CFR for April shipment, but had the offer withdrawn by close time.

Fibre2fashion News Desk - China


Must ReadView All

Uzbekistan-China meeting discusses textile cooperation

Textiles | On 20th Aug 2018

Uzbekistan-China meeting discusses textile cooperation

A meeting of the Uzbek-Chinese business forum on cooperation in the...

Amazon infuses additional $400 mn into India operations

Apparel/Garments | On 20th Aug 2018

Amazon infuses additional $400 mn into India operations

Amazon has invested an additional $400 million (₹2700 crore) in two...

Moldova wooing Indian investors in textiles, agriculture

Textiles | On 20th Aug 2018

Moldova wooing Indian investors in textiles, agriculture

Moldova is wooing Indian investors in textiles, agriculture and a few ...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Top executives
Textile industry

GST has levelled the playing field to an extent

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Mr Ambrose Chan
DSG International (Thailand) PLC

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Robert Brunner
Devereux

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

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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search