May '08
Singapore spot market concluded two very significant naphtha trades for open specifications on Tuesday. While Victor Company bought a cargo of naphtha from BP Company for shipment in the first half of July at US $991 per ton, Mitsui Oil Asia purchased from Victor Company a cargo of naphtha for shipment in the second half of July at $998 per ton.
According to some traders in Singapore, higher prices contracted for the month of July is keeping the current ethylene demand in stability but attention should be paid to the supply data plane.
Naphtha imports for at least Japan would remain stable until May since several naphtha crackers are under routine maintenance plan, while some others would restart operations after complete overhaul.
Imports of naphtha materials from Japan are expected to gradually increase in June as well as after the month. Besides, domestic production of naphtha will also rebound. According to data released on Tuesday by Japanese Ministry of Economy, Trade and Industry, the country's ethylene output in April fell 2.8 percent, due to parking overhaul of more naphtha crackers.
Fibre2fashion News Desk - China
.jpg)
Must ReadView All
Textiles | On 27th Jul 2017
India becomes US’ 9th largest trading partner in 2016
In 2016, India became the United States’ 9th-largest single-country...
Textiles | On 27th Jul 2017
GST will lead to further increase of MMF prices
The Goods & Services Tax (GST) rolled out on July 1, 2017 is not...
Textiles | On 27th Jul 2017
Global yarn production improved 30% q-o-q in Q1: ITMF
In the first quarter of 2017, global yarn production rose by almost...
Interviews View All
Mandeep Nagi
Shades of India
Women value something that is unique and has a flavour of India
Frank Gossmann
Rotorcraft AG
‘RT3 motto is: Do not check millimetres, check colours.’
Headhonchos
Textiles & allied industry
Textiles industry is always in the forefront in accepting latest technology
Giorgio Mantovani
Corman S.p.A
Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...
Kevin Nelson
TissueGen
Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...
Urs Stalder
Sanitized AG
Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...
Sanjukta Dutta
Sanjukta's Studio
<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...
Bani Batra’s couture wedding collection is inspired by traditional Indian...
Madhu Jain
Madhu Jain
She grew up in the walled city of Old Delhi, completed her studies, and...
Recommended
news category
Related Categories:
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
Yes No SkipDo you think adopting a sustainable approach will be a profitable move for your business?
Yes No SkipDo you want the world to know about your sustainability journey and your business’ environmental footprint?
Yes No SkipThanks for your valuable feedback. Claim your free latest sustainability e-book.
E-News Insight
Latest News Update in Your Mail Box.
