Home / Knowledge / News / Textiles / Middle East to emerge as largest ethylene supplier by 2010
Middle East to emerge as largest ethylene supplier by 2010
15
May '08
Industry experts are of the opinion that by the year 2010, Middle East region will become the world's largest ethylene supply areas with new devices gradually put into operation.

It is expected that overall ethylene capacity in Middle East will reach 23 million tons per year within next two years. Low raw material costs, adequate supply of natural gas and abundant capital flows will help the ethylene industry in Middle East to develop rapidly.

Starting from 2000, till 2012, Saudi Arabia in the Middle East alone will add new ethylene production capacity of 13 million tons per year.

It is estimated that the global proportion of ethylene production capacity in Middle East region will increase from 11.5 percent in 2007 to 18.2 percent by 2010.

On the other hand, Chinese Government also plans to double its ethylene production capacity to reach over 18 million tons by the year 2010.

On May 14, Ethylene prices showed a rising trend for almost all the importing countries. Prices quoted for Asia and United States saw a slight growth compared to the earlier week.

Ethylene prices in Asia region:

Ethylene, CFR Northeast Asia, at US $1450-1460 per metric ton.
Ethylene, CFR Southeast Asia, at US $1415-1425 per metric ton.

Prices in the United States:

Ethylene, FD US Gulf, at US cent 56.8-57.0 per pound.
Propylene (refining level) FAS Houston at US cent 64.5-64.8 per lb.

Fibre2fashion News Desk - China


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Kalai Selvi

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

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler
Groz-Beckert

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Igor Chapurin
Chapurin

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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


June 2018

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

news category


Related Categories:

Advanced Search