Home / Knowledge / News / Textiles / Asian pure benzene continues to rise on Wednesday

Asian pure benzene continues to rise on Wednesday

15
Oct '09
Asian pure benzene continued to rise on Wednesday and grew by US $5.25, on expectations that shipments may reach European and American markets by the second half of November to counter-balance the declining trend of prices in two places.

Pure benzene FOB South Korea closed at $776.5-777.5 per ton and pure benzene FOB Southeast Asia closed at $773.5-774.5 per ton. In Asian markets, morning offers for December shipment were at US $775 per ton FOB South Korea, but rose to US $800 in the afternoon.

In the trade window, Trammochem sold one cargo to GS Caltex at US $777 per ton for shipment in the second half of November. About 9,000 tons of pure benzene will be shipped from Indonesian Tuban island to Kuwait. 6,000 tons of cargos will be shipped between November 20-25, another 3,000 tons will be shipped between November 16-19.

In company news, a Kuwaiti Petrochemical manufacturing plant with an annual capacity of 830,000 tons plans to start commercial production on Thursday. This plant will produce 390,000 tons of pure benzene every year, mainly used in producing styrene by Kuwaiti Styrene Company, this plant started production from mid-August.

Market sources say that Vitol Corporation will transport 9,000 tons of pure benzene from Chinese Dalian to ARA region between end of October and beginning of November.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Better Work

Apparel/Garments | On 24th Oct 2020

Positive change in Cambodian garment sector due to ILO BWP

Cambodian factories receiving the full package of services by Better...

Pic: Awaj Foundation

Apparel/Garments | On 24th Oct 2020

COVID erodes income of a third of Bangla apparel workers

Nearly a third of Bangladeshi garment workers suffered loss of...

Pic: Ralph Lauren

Fashion | On 24th Oct 2020

Ralph Lauren, Parity.org convene group to close gender gap

Ralph Lauren, which designs and markets premium lifestyle products,...

Interviews View All

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Textile industry, Head honchos

Textile industry
Head honchos

South India has a very strong manufacturing base

Jurgen Gauger, Spreadshirt

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Alon Moshe,

Alon Moshe

Israel-based Twine Solutions is a technology start-up that has developed a ...

John Elmuccio,

John Elmuccio

Evolution St Louis is a company setting up a high-tech knitting facility...

Kalai Selvi,

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

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

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,...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

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

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

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 2020

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


Advanced Search