Home / Knowledge / News / Textiles / Asian naphtha price stoops lower
Asian naphtha price stoops lower
14
Aug '08
Spot prices of naphtha for Asian region fell on Tuesday, August 12. Naphtha market price of Japanese benchmark open specifications for the second half of September dropped by US $16.25 to stand at $984.50 per ton, showing a plunge of 1.6 percent.

On this day, naphtha price stood at $104.72 per barrel; since the starting of the month, the average price remained at $112.15, down $15.48 from July.

Asian naphtha price first fell below the mark of $1,000 per barrel in past months, due to continued decline in the oil market. But in European and the Mediterranean market, the supply is already in excess and thus the price is high enough to make exports to the orient market.

Spot trade in the market was still low; bids were even lower; presently sellers are dominating the market. However, potential buyers expect prices to go down further.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 27th Apr 2017

Boohoo's revenue increases 51% to reach £294.6 mn

Fashion e-commerce marketplace Boohoo has recorded a 51 per cent...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Apparel/Garments | On 27th Apr 2017

Amazon catching up with Flipkart in India: RedSeer

Online marketplace Amazon India has caught up with its biggest rival...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Marcel Alberts
Eurofibers

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

Suresh Patel
Sidwin Fabric

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search