Home / Knowledge / News / Textiles / Benzene market price dips further
Benzene market price dips further
04
Dec '08
Although some raw materials for the textiles came out of the shadow of global recession, benzene market prices failed to move upward on the back of lower demand and plunging crude prices.

In the European region, near about 1000 tons of benzene for the first half of December shipment was quoted at US $215 per ton CIF ARA (Amsterdam, Rotterdam, Antwerp), and for the second half of the ongoing month, prices stood within the range of $210-$220 per ton CIF ARA. For the January shipment, prices were offered at $230-$250 per ton CIF ARA.

In the US market, on the first day of December, price of benzene to be delivered in December was quoted near by 113 cents per gallon; however, on December 3, deals were struck with in the range of 83 and 86 cents per gallon DDP (delivered, duty paid) Houston-Texas City (HTC).

Due to heavy price drop in feedstock prices Asian benzene market cut down their cost to remain competitive in the global market.

Prices declined on Wednesday, both FOB South Korea and Southeast Asian markets dropped US $5 to stand with in the range of $299.50-$300.50 and $279.50-$280.50 per ton respectively.

Today, prices in the Asian region remained at $290-$305 per ton FOB (free on board) Korea for the third consecutive day. Few bids were quoted at $310 per ton FOB Korea for any January shipment.

In China, Sinopec Yangzi Petrochemical bid $310 per ton CFR Zhangjiagang, or Jiangyin (L/C 90 days), but no transactions done for either price. On December 4, Sinopec Shanghai branch offered benzene implementation price for early December at 3000 yuan per ton, mainly to supply contracts. The Guangzhou branch prices stood at 3000 yuan per ton, inventory is low.Beijing sales branch quoted 3000 yuan per ton for the December shipment.

For World market prices click here

Fibre2fashion News Desk - China


Must ReadView All

Rally demands public vote on Brexit; May holds meeting

Apparel/Garments | On 25th Mar 2019

Rally demands public vote on Brexit; May holds meeting

Thousands of people marched in London on March 23 calling for another ...

Vietnam's south turns strong South Korean investment hub

Textiles | On 25th Mar 2019

Vietnam's south turns strong South Korean investment hub

South Vietnam has turned a major investment destination for South...

Pic: Lanxess

Textiles | On 25th Mar 2019

Lanxess increasing capacity for benzyl alcohol

Specialty chemicals company Lanxess is increasing production capacity ...

Interviews View All

Top executives, Indian retail players

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Viral Desai, Zenitex Mill Pvt Ltd

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Headhonchos, Indian fashion industry

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Cem Erdogrul,

Cem Erdogrul

Turkey-based Temsan Air Engineering is one of the leading manufacturers of ...

Harssh Chheda,

Harssh Chheda

Mumbai-based Corporate Collars provides bespoke tailoring services for...

Tina Antoniades,

Tina Antoniades

India-headquartered Lulu & Sky is a rapidly escalating brand with the...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

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

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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


March 2019

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

news category


Related Categories:

Advanced Search