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


Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

It is a well-calibrated budget

Top executives, Textile industry

Top executives
Textile industry

It will take some time for the people to change their buying choices

Textile industry, Head honchos

Textile industry
Head honchos

South India has a very strong manufacturing base

N Nithyanandan,

N Nithyanandan

Incorporated in 1999, Purani Textiless Private Limited is one of the...

Jason Remnant,

Jason Remnant

<div>Xaar plc develops digital inkjet technology; it designs and...

Farheen B Rahman & Priti Jain,

Farheen B Rahman & Priti Jain

Founded by business-designer duo <b>Priti Jain and Farheen Rahman</b>,...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

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