Home / Knowledge / News / Textiles / Benzene market shows varied trend this week
Benzene market shows varied trend this week
25
Sep '08
Despite fluctuating ups and downs in international market, Asian benzene market still looked strong. On Wednesday, September 24, prices on FOB Korea basis closed at US $1127.50-1128.50 per ton, South-East Asia closed at $1109.00-1110.00 per ton, flat to the previous day.

In the US market, both October and November contracts fell 5 cents per gallon, while benzene price in European markets sharply climbed $27.5 to $1195.50 per metric ton CIF ARA.

Tuesday offers of benchmark benzene (FOB Korea) increased to $1135 per metric tons in Asia, but Wednesday offers fell $10 per ton, the high level of the day jumped to $1150 per metric tons, but declined in the afternoon, both sellers and buyers were away from the market and having wait-and-see attitude for two days.

Styrene, the major downstream market of benzene, further weakened, the market closed down $ 22.50 per metric tons to $1347.50 per metric tons FOB Korea Wednesday.

The market was cautious against the trend of crude oil. The US economy weakened on impact of financial crisis, limiting recovery of gasoline market.

As of September 19, a survey by the US Weekly Business showed that gasoline retail fell 5.7 percent, the lowest level of the whole year, due to hurricane-related factors.

However, ex-factory benzene prices from several Chinese manufacturers showed downward trend on September 25, 2008.

As a result of pressure on stocks, ex-factory price of benzene from Yanshan Petrochemical, Qilu Petrochemical, Luoyang Petrochemical, Zhongyuan Ethylene under Sinopec Beijing branch, declined by 400 Yuan to fall to 8200 Yuan per ton on September 25.

Ex-factory price of benzene from Jiujiang Petrochemical, Shanghai Petrochemical, Yangzi Petrochemical, Zhenhai Refining under Sinopec Shanghai branch is being quoted at 8400 Yuan per ton on September 25.

Ex-factory price of benzene from Changling Refining, Wuhan Petrochemical, Maoming Petrochemical under Sinopec Guangzhou branch is selling at 8400 Yuan per ton. Ex-factory price of benzene from Dushanzi Petrochemical is at 7600 Yuan per ton.

The uniform implementation price of Jilin Petrochemical, Daqing Petrochemical under CNPC Northeast Branch to intra-system is at 8200 Yuan per ton, benzene price for factories outside the system is at 8250 Yuan per ton on September 25.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: EVG photos from Pexels

Apparel/Garments | On 16th Aug 2018

Bangladesh ups garment export target to $32.689 bn

The Government of Bangladesh has increased the country’s readymade...

Indian investors interested in denim production in Vietnam

Textiles | On 16th Aug 2018

Indian investors interested in denim production in Vietnam

Indian fabric firms are shifting attention from China to Vietnam,...

India's textiles, apparel exports fall by ₹8000 cr: Govt

Apparel/Garments | On 16th Aug 2018

India's textiles, apparel exports fall by ₹8000 cr: Govt

India’s textiles and apparel exports dropped by nearly ₹8,000 crore...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Top executives
Textile industry, India

The event should be organised every year

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Urmil Arya

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

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Karl Zelik
Vanderbilt University

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

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Adriano Goldschmied
AG Jeans

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

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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