Home / Knowledge / News / Textiles / West European ethylene & propylene output dip in Q2
West European ethylene & propylene output dip in Q2
23
Aug '12
The production of olefins such as ethylene and propylene in Western Europe declined during the second quarter of 2012, as per the data released by the Association of Petrochemical Producers in Europe (APPE).
 
The production of ethylene during the quarter fell by 6.15 percent year-on-year to 4.682 million tons, which was 4.05 percent lower on quarter-on-quarter basis.
 
Similarly, the production of propylene dipped by 2.5 percent year-on-year to 3.603 million tons during the period, showing a drop of 1.9 percent compared to the first quarter.
 
The APPE attributed the decline in production to a reduction in operating rates following an increase in inventories.
 
The rise in inventory levels was also reflected in price movements and ethylene contract prices declined since May, consecutively for three months till July.
 
The contract price for ethylene in April was settled at €1,345/ton FD NWE, which dropped to €1,035/ton FD NWE in July.
 
The ethylene contract price for August, however, rose by €140/ton month-on-month to €1,175/ton FD NWE.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Jay Ramrakhiani
Occasions Elegance Wear

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search