Home / Knowledge / News / Textiles / Light crackers to profit from ethylene trade
Light crackers to profit from ethylene trade
21
Jul '08
While on one hand ethylene spot price in Far East market was raised to US $1,700, on the other, prices of Naphtha weakened. This scenario is sure to benefit light cracking plants, helping them to gross significant profits.

Recognizing this opportunity, CPC Corporation Taiwan and some major light cracking plants in Indonesia have cancelled reduction plan and are opting for full production capacity strategy.

Market administration recently stressed that, according to the pricing formula of CPC and Formosa Petrochemical Corp, July retroactive price of ethylene is expected to stand around $1700 per ton.

Thus, coupled with high value of propylene, butadiene, benzene and other raw materials, CPC and Formosa Petrochemical Corp are expected to become profitable, starting July.

In mid-March this year, light cracking plants, relying on naphtha as feeding material, incurred record loss of $200-250 per ton from ethylene production.

However, spot price of naphtha slid from $1,246 to $1,174 per ton, and that of ethylene increased $600 per ton in early-July. Ethylene production loss of light cracking plants in Asia came down to just $5-10 per ton in second week of July.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
February 2017

February 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