Home / Knowledge / News / Textiles / Asian benzene markets rise sharply
Asian benzene markets rise sharply
05
Nov '09
Asian Benzene market rebounded by US $15.75 per ton on Wednesday. FOB South Korea Benzene closed at $795-796 per ton and FOB Southeast Asian Benzene closed at $793.5-794.5 per ton and market trade was active.

December cargo and January cargo were offered at $782 per ton in the morning. Two deals for January shipment were made at $795 per ton in the afternoon and one deal was made between SK Energy and South Korea based Jaewon. Another deal was traded at $795 per ton between Winsway and Caltex for shipment in December.

Outside transaction window, Marubeni and MBK made a deal at $800 per ton for shipment in December and SK Energy and Trammochem also closed a transaction at $800 per ton, with shipment in January.

Market participants believed that the rise in prices of Benzene benefited from the strong trends displayed by styrene in Asia, while a few others said that it was due to the arbitrage of styrene from the United States to Asia, which has increased trade volume.

Styrene price in Asia rose to $1000 per ton FOB Korea. Spread between Styrene and Benzene widened to $208.50 per ton and spread between benzene and naphtha stood at $114 per ton. In China, Benzene prices rose to 5,900-6,000 Yuan per ton, due to support from Styrene.

Nippon Oil planned to cut operating rate of its aromatics units in Kuwait and Mizushima to 70-75 percent.

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

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Top executives
Textile industry

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

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sanjukta Dutta
Sanjukta's Studio

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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