Home / Knowledge / News / Textiles / Benzene market experience a fluctuating trend
Benzene market experience a fluctuating trend
11
Jul '08
On July 8, benzene market in the domestic market appeared sluggish due to slack demand from downstream industry and for that reason transactions were poor.

In east China, mainstream market price stood between 10500-10600 yuan per ton; in North China market, offers from traders were stable, mainstream price adjusted down to 10450 - 10,550 yuan per ton, but trade volume was limited. Manufacturers in Northwest region held more supply, trade price lowered to about 10,000 yuan per ton; in South China region, benzene market price maintained at 10650-10700 yuan per ton.

Delivery price of hydrogenation benzene in East China region ranged between 9800 to 10,600 yuan per ton. Market price of refined benzene was in 9300-9500 yuan per ton.

Prices in the other Asian region also fluctuated. Benzene market in Korea was down by US $8 per ton (FOB Korea) in the spot market. But later in the day stimulated by strong buying interest, August benzene contract only fell $2 per ton; prices on FOB Korea basis closed at $1319.50- $1320.50 per ton, FOB Southeast Asia closed at 1306.50-1307.50 per ton.

Experts are of the opinion that the drop in several previous sessions was partly caused by higher stock in regional market and due to absence of regular buyers. The discussed long-term impacting factors were the closed arbitrage window between Asia and the US.

But these factors, under the premise of high-costs, have little effect on Asian market prices.

Since Monday, the maintenance time of aromatics reforming combination device of S-Oil Corporation in Onsan, South Korea reduced from 10 days to 7 days, during the time, loss in production is expected to be 5000-7000 tons.

Market express of benzene price on July 08

Prices in Asian region:

Benzene, FOB Southeast Asia, at US $1308.50-1309.50 per ton

Prices in the United States:

Benzene, FOB, U.S Gulf for July, at cents 418.25-418.75 per gallon
Benzene, FOB, U.S Gulf for Aug, at cents 420.75-421.25 per gallon

Fibre2fashion News Desk - China


Must ReadView All

'Knitting machines can be used for various applications'

Textiles | On 21st Aug 2018

'Knitting machines can be used for various applications'

Flat knitting machines have the potential of being used for a number...

Bangladesh imported 46% of cotton requirement from India

Textiles | On 21st Aug 2018

Bangladesh imported 46% of cotton requirement from India

Bangladesh imported 46 per cent of its requirement of cotton from...

Indian team finds way to cut water use in textile industry

Textiles | On 21st Aug 2018

Indian team finds way to cut water use in textile industry

Researchers at the department of chemistry in Calicut University in...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Urmil Arya

Sushila International, a well established textile organisation established ...

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

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


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