Home / Knowledge / News / Textiles / Benzene prices moves downward

Benzene prices moves downward

11
Sep '08
Impacted by some negative factors Asian benzene market prices plunged by $12.5 per ton on Wednesday. Offer prices in the morning stood at $1125 per ton for October contract and for November deal, quotations were $1120 per ton.

Due to lack of enthusiasm among buyers market activity remained quite dull. Spot prices during market closing stood at $1105-1120 per ton for October shipment and at $1105-1115 per ton for November.

In China, Wednesday benzene market was stable at RMB 8,700-8,800 per ton, East China. Regional demand was still narrow. Some of the traders tried to liquidate their surplus stocks.

In the European region Benzene market prices fluctuated. Offer prices stood at around $1150-1160 per ton CIF ARA for September while bids were heard at around $1135-1140 per ton CIF ARA.

As buyers showed some interest prices moved up to stand at around $1140-1145 per ton CIF ARA for September while sellers remained quiet in the market. Thus by closing, offer prices stood at around $1145-$1155 per ton CIF AR for September and at around $1148-$1155 per ton CIF ARA for October.

Benzene prices in the US market advanced slowly as energy market remained weak. In the morning session offers stood at $4.10-4.20 per gallon for September.

As the day progressed, bids moved on the higher side. The market closed with spot prices standing at around $4.25-$4.30 per gallon for the domestic use; and for the export the prices stood at $4.30-4.35 per gallon FOB for September; for the October shipment, domestic prices were quoted at $4.07-$4.09 per gallon and at $4.10-$4.20 per gallon FOB for October.

Fibre2fashion News Desk - China


Interviews View All

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Yashiki Gumber, Sahiba Fabrics

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Frank Gossmann, Rotorcraft AG

Frank Gossmann
Rotorcraft AG

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

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Marcus Hardelauf,

Marcus Hardelauf

Germany-based Textechno is one of the leading manufacturers of testing...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

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

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

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

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

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


October 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search