Home / Knowledge / News / Textiles / Intl oil price rise fails to affect local propylene market
Intl oil price rise fails to affect local propylene market
21
Feb '08
New York oil price experienced a sharp rise on Tuesday, once again breaking through the mark of US $100 per barrel. However, this boost could not stimulate sentiment of propylene market, and China's domestic propylene market mainly remained stable.

Mainstream price in Shandong market stabilized at 10200-10250 yuan per ton, and demand of propylene products saw a decreasing trend, although shipments from manufacturers were as usual.

Mainstream price in Hebei market was steady at 10,000-10,100 yuan per ton, sales were in stability.

The Northeast market price stood at 9,700-10,700 yuan per ton with tight supply, and were mainly delivered within the industry. In the Northwest region, mainstream market price was offered at 9600 yuan per ton, manufacturers' inventories were low, and shipments were good.

Downstream market of polypropylene held a strong wait-and-see attitude; trade volume did not see any improvement, and domestic propylene market showed limited volatility.

Market express of propylene prices on Feb 20

Propylene prices at the international market are going through fluctuations. Quotations for the Far East saw a down trend on February 21, where as a volatility can be observed for the European countries compared to the last week.

Far east region propylene prices:

Propylene, FOB South Korea, at US $1195-1200 per ton.

European region propylene prices:

Propylene (polymerization level), FD Northwest Europe, at Euro 875.00-880.00 per metric ton.

Propylene (polymerization level), CIF Northwest Europe, at Euro 865-870 per metric ton.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

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

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Eamonn Tighe
Nature Works LLC

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler
Groz-Beckert

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

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

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search