>>
Home / Knowledge / News / Textiles / Low crude price shatters benzene markets

Low crude price shatters benzene markets

23
Oct '08
The consequence of global financial meltdown is apparent in almost every aspect of life. Effects will be such, experts are anticipating that demand for energy will slow down and price will plunge up to US $50 per barrel. Thus prices of downstream products will also go down.

This is quite evident from the fact that Asian benzene markets fell US $100 per ton on Wednesday, FOB Korea closed at $496.50-$497.50 per ton, FOB Southeast Asia closed at $480.00-$481.00 per ton, benchmark price of October pure benzene in South Korea narrowed 51 percent to touch $526 per ton.

Few of the manufacturers are finding it difficult to cope with the situation; they are not able to cut back their production, as they have to fulfill supply contracts.

Since the starting of third quarter, Japanese oil companies have already started maintaining their operation rates at many of the benzene plants at 80 percent; HAD plant of Sanyo Petrochemical at Chiba with output capacity of 300,000 tons per year maintains an operation rate at 80 -85 percent.

Today's ex-factory benzene price from Sinopec Guangzhou Branch is implemented at 5500 yuan per ton, including Maoming Petrochemical, Changling Refinery and Wuhan Petrochemical.

As a result of weak demand, the ex-factory settlement price from Sinopec Beijing branch for October stood at 5500 yuan per ton.

Implementation price from Zhenhai Refining and Chemical, Jinling Petrochemical, Shanghai Petrochemical under Sinopec Shanghai Branch is quoted at 5500 yuan per ton.

Ex-factory benzene price of Sinopec for Northeast area is adjusted to 5350 yuan per ton, including Jilin Petrochemical and Daqing Petrochemical, currently some plants facing stock pressures.

Benzene plant of Qingdao Great Refinery has been operating normally; its price follows the uniform level from Sinopec Beijing branch at 5500 yuan per ton.

China's total benzene production registered 336,000 tons in September 2008, compared to 327,000 tons in the same period last year, a year-on-year increase of 2.5 percent.

Up to September this year, cumulative production of the region amounted to 3.11 million tons, an increase of 2.3 percent from the total production of 3.04 million tons over the same period last year.

For world market prices click here

Fibre2fashion News Desk - China


Must ReadView All

Pic: Shutterstock

Textiles | On 25th May 2022

New York senate passes bill to ban harmful PFAS in apparel

The New York State senate recently passed a bill that prohibits the...

Pic: craig hastings | Dreamstime.com

Textiles | On 25th May 2022

German GDP rises by 0.2% in Q1 2022 over Q4 2021: Destatis

Germany’s GDP rose by 0.2 per cent in the first quarter (Q1) of 2022...

Pic: Shutterstock

Textiles | On 25th May 2022

Businessmen in Bangladesh urge govt not to hike gas, power prices

Bangladesh businessmen have called for not raising gas and...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Textile Industry, Head honchos

Textile Industry
Head honchos

Liquidity is a primary issue in Indian context

Melissa McDermott,

Melissa McDermott

<span style="font-size: 12px;">Blue Bite was created to deliver the best...

Kishina Daruka and Mishika Daruka,

Kishina Daruka and Mishika Daruka

Headquartered in Kolkata, India, sustainable clothing brand Ora was...

Cesare Citterio,

Cesare Citterio

Founded in Northern Italy in the late 1970s, Cifra Spa is a manufacturing...

Shaan Sethi, Jaanuu

Shaan Sethi
Jaanuu

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Timna Weber, Label - Timna Weber

Timna Weber
Label - Timna Weber

London-based sustainable high-end eponymous womenswear label, by designer...

Anna Yang, Label - Annakiki

Anna Yang
Label - Annakiki

Anna Yang is founder of brand Annakiki that explores a surrealist fantasy. ...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

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

ESTEEMED CLIENTS

JES MEDIA, INC
Lenzing Aktiengesellschaft
Tommy Hilfiger
Vardhman Textile Ltd
PVH Corporation
Esprit Europe Services GmbH
Sportmaster Ltd.
Nihalani Events Management
The LYCRA Company Singapore  Pte. Ltd
Lectra Technologies India Pvt Ltd.
Zünd Systemtechnik AG
Groz-Beckert KG
Arvind Limited
SYNERGIES HONG KONG LIMITED
BIMBA ;& LOLA SL
Bluestem Global Sourcing Limited
International Sourcing Expo Australia
Helly Hansen Far East Ltd
Truetzschler India Private Limited
Etam Group Strategy Hong Kong Limited
Tory Burch Hong Kong Ltd
Lenzing Aktiengesellschaft - India
Colours India Inc
Nandan Denim Limited
Weitmann & Konrad GmbH & Co. KG
Inter Expo Center Ltd.
Groz-Beckert East Asia LLP
EPCH
Gatsby Africa
Reiter India Private Limited
FESPA (Reigate)
Sainsbury's Argos Asia Limited
Gap International Sourcing Limited
LC Waikiki
Haelixa AG
Walmart
Jindal Worldwide Limited
Stahl Holdings B.V.,
Chori Company Limited
ZAITEX spa
Taiwan Textile Federation (TTF)
Landmark Group
Midas Clothing Limited
Rayonese Textile Inc., Division de Culp Inc.
Thai Acrylic Fibre Company Limited
Babyshop
Newtech Textile Technology Development (Shanghai) Company Limited
EMBEE CORPORATION
Chico’ FAS
Recron Polyester from Reliance Industries Limited
IIGM Private Limited
Thermore (Far East) Ltd.
John Varvatos
Tchibo GmbH
Color Service s.r.l.
Seasalt Limited
Thai Trade Center
Meera Dyestuff Industries
Splash
G.A.S. unternehmenskommunikation gmbh
IFF Media Ag - International Media Services
Target Corporation (MN)
N9 World Technologies Private Limited
Flainox S.r.l.
BRINKMANN GMBH
Under Armour Global Sourcing Ltd
Indofil Industries Limited - Specialty & Performance Chemicals Division
Kern – Liebers Textile
Aleph Srl
Centric Software
GIOVANNI BOZZETTO S.p.A.
Hirdaramani International Export Private Limited
MAS Active / MAS Kreeda / MAS Bodyline
EUROVET ASIA LTD
Varner AS Retail
IDH – The Sustainable Trade Initiative
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
K AND D ITMACH EXPOSITIONS LLP
Permoda(Koaj/Armi/Pronto/Bkul)
Istanbul Fuarcilik A.S.
TEXVALLEY MARKET LIMITED
Xtema - Thomas Lebherz Textilmaschinen
T.T. Limited
Recron Polyester from Reliance Industries Limited
Grasim Industries Limited
Officina Meccanica Dora Enrico Srl
TESCO INTERNATIONAL SOURCING LIMITED
X-Rite Asia Pacific Limited (HK)
Calvin Klein
Page Industries Limited (Bangalore)
Brückner Trockentechnik GmbH & Co. KG
Aramark Uniform ;& Career Apparel, LLC
Woolmark Services India Pvt. Ltd.
Copenhagen Fashion Summit
Karl Mayer Textilmaschinenfabrik GmbH
UBM China (Shanghai)
Performance Days
Amazon China
Gloria Jeans
BTSR International S.P.A.
Indo Tex
Tradewind International Servicing
Guess Europe Sagl,
Messe Frankfurt Exhibition GmbH
DyStar India Pvt. Ltd
APLF Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
Eurofins BLC Leather Technology Centre Ltd
KIABI
Zydex Industries
Hela Clothing Pvt Ltd
Maceton Limited
FULGAR SpA
USTER
Gokaldas Exports Limited
H. Stoll AG & Company KG
Pt. Peraga Nusantara Jaya Sakti
Sportswear Company Spa
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Huntsman (Singapore) Pte Ltd
Alison Hayes Romania
C;&A Sourcing International Ltd
SHAHI Exports Pvt Ltd
Infor (Hong Kong) Limited
China World International Exhibition Company Limited
Puma
Boardriders Asia Sourcing Limited
Abit
Restoque S.A.
OVS Hong Kong Sourcing Ltd.
Applied DNA Sciences Inc
Saurer Textile Solutions Pvt. Ltd.
G-Star Raw C.V.
Sateri (Jiujiang) Fiber Co.,Ltd
BIANCA
Rosset ;& Cia Limited
Alix Partners
IKEA of Sweden AB
International Textile Manufacturers Federation
Phong Phu international JSC (PPJ)
VNU Exhibitions Asia
Italian Trade Commission
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
NITI Aayog
Loris Bellini S.r.l.
GHCL LIMITED
Jiangsu Yingyang Nonwoven Machinery Company Limited
Benetton Group
Brandix Lanka Limited
Cat Tuong Real Estate Group Joint Stock Company
J ;& P Coats
Datacolor AG Europe
Lululemon Athletica Inc
COTTON COUNCIL INTERNATIONAL
Mesdan SPA
ITMA Services Pte Ltd
Aquarelle Clothing Limited
Itema Weaving (India) Private Limited
Green Fibre
CSGIA(China Screen Printing & Graphic Imaging Association)
Lisa S.P.A.
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Marzoli Machines Textile s.r.l.
Equinox Impex India
Decathlon
The LYCRA Company Singapore  Pte. Ltd
TESTEX AG, Swiss Textile Testing Institute
Eastman Chemical Company
BTC Textiles LLC
KAS Direct Sourcing
Lifestyle
The Top Form Brassiere Manufacturing Company Limited
DuPont de Nemours, Inc.,
TÜYAP IHTISAS FUARLARI A.S.
Coats Digital Limited
Messe Duesseldorf
Shima Seiki Mfg. Ltd.
Kornit Digital Asia Pacific Ltd
THE BOMBAY DYEING ;& MFG.CO. LTD
Bluesign Technologies Ag
Asos
GERBER TECHNOLOGY LTD.
Mayer & Cie. GmbH & Co. KG
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Shanghai  Aige Exhibition Service Co., Ltd
Savio Macchine Tessili S.P.A.
CGS Inc.
Palexpo SA
Vianney Textil Hogar S.A. De C.V.
Datatex Consulting Srl
Rieter India Private Limited
Desigual - ABASIC, S.A.
Comasia Limited
NV Michel Van de Wiele
Dow Silicones Corporation
Lacoste (Wanchai)
Tuyap Tum Fuarcilik Yapim A.S.
Lottmann Communications

May 2022

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


Advanced Search