Benzene strengthens support to downstream nylon chain

Related Keywords: Benzene price in asia, Benzene price in Europe, Benzene price in USA, caprolactum price in Asia, caprolactum price in Europe, caprolactum price in USA, nylon fibre price, nylon filament price, nylon textile yarn prices, polyamide chip price

Mumbai
Summary: 
Thus, the spurt in benzene had a quick percolating effect of the nylon chain as prices all along were seen rising in March. Expectation of a further surge in benzene values will only add to the escalation and buyers will seek to replenish as much as possible to balance cost and pricing of their end products.

Benzene prices surged 13-16% in March across regions while US numbers hit a four-month high in the first week of the month. In Asia, a strong demand for May cargoes supported prices to go up while in European bullish sentiments caused prices to jump. In US, derivative styrene’s demand for benzene held firm as participants eyed export opportunities to Europe, which ultimately led to reductions in benzene supply locally. In Latin America, benzene prices rose week on week tracking key global markets higher.

yarnsandfibers.com
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Cheaper benzene across markets spells cost deceleration

Related Keywords: Benzene price in asia, Benzene price in Europe, Benzene price in US, caprolactum price in Asia, nylon filament yarn price in China

Mumbai
Cheaper benzene across markets spells cost deceleration
Summary: 
US spot benzene prices dropped on weaker downstream demand pulling down prices in Asia, Europe and Latin American markets. US spot benzene prices dropped in the week ended 22 August falling below US cents 500 a gallon mark to begin the week and continued to fall later. Asian benzene marker, the FOB Korea was assessed at US$1,318-1,319 a ton, down US$29.50 week on week. US spot prices dropped US cents 19 on the week, assessed at 481.95-482.05 per gallon FOB USG.

US spot benzene prices dropped on weaker downstream demand pulling down prices in Asia, Europe and Latin American markets. US spot benzene prices dropped in the week ended 22 August falling below US cents 500 a gallon mark to begin the week and continued to fall later. Asian benzene marker, the FOB Korea was assessed at US$1,318-1,319 a ton, down US$29.50 week on week. US spot prices dropped US cents 19 on the week, assessed at 481.95-482.05 per gallon FOB USG.

http://www.yarnsandfibers.com/
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Benzene firms up again lifting the value chain

Related Keywords: Benzene price in asia, Benzene price in Europe, Benzene price in US, caprolactum price, nylon chip price, nylon filament yarn price, polyamide chip price, textile prices

mumbai
Summary: 
Asian benzene prices were on a bull-run since mid-May, gaining a total US$173.50 a ton until June-end, partly fuelled by supplies shortages in South Korea and Japan, as well as the strong crude prices. Asian markets were also influenced by the rising prices in US which opened the window for arbitrage trades from the region to the west since early June.
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