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
Must ReadView All
Apparel/Garments | On 17th Oct 2017
GMAC urges Cambodia to push fabric-forward rule in RCEP
Representatives from the Garment Manufacturers Association of...
Textiles | On 17th Oct 2017
Alibaba to invest $15 billion in DAMO Academy for research
Alibaba will invest $15 billion over the next several years in its...
Textiles | On 17th Oct 2017
Pressure on Indian textiles exporters to ease by Q3: ICRA
Pressures on the profit and debt levels of textiles exporters is...
Interviews View All
Rahul Bhadani
Looksgud
Navigating through catalogues is a bit hasslesome
Headhonchos
Indian textile value chain
'One nation, one tax' is a great concept
Karan Toshniwal
Orange O Tec
Contemporary industry is paying more and more attention to the...
New Delhi-based Jogindra Industries Private Limited provides an assortment ...
Reckon Industries adapts latest systems for manufacturing from designing...
Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...
Lynda Kelly
Suominen Corporation
Suominen Corporation is a manufacturer of nonwovens as roll goods for...
Marcel Alberts
Eurofibers
Coating at a fibre level is a practice not usually seen in the...
Urs Stalder
Sanitized AG
Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...
Rupa Sood and Sharan Apparao
Nayaab
Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...
Yash P. Kotak
Bombay Hemp Company
One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...
Tony Ward
Tony Ward
"You have to truly understand what your client wants, know her needs, what ...
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 SkipActive Poll
Do you see sustainability as a route to business growth?
YesTotal Votes: 65
Do you think adopting a sustainable approach will be a profitable move for your business?
Yes No SkipActive Poll
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
YesTotal Votes: 65
Do you want the world to know about your sustainability journey and your business’ environmental footprint?
Yes No SkipActive Poll
Do you think adopting a sustainable approach will be a profitable move for your business?
YesTotal Votes: 65
Thanks for your valuable feedback. Claim your free latest sustainability e-book.
Active Poll
Do you want the world to know about your sustainability journey and your business’ environmental footprint?
YesTotal Votes: 65
E-News Insight
Latest News Update in Your Mail Box.
