Home / Knowledge / News / Textiles / Domestic propylene market to remain in consolidation
Domestic propylene market to remain in consolidation
23
Aug '08
Last week propylene price range in the Asian market widened. Taiwan and Korean markets also looked pessimistic, spot transactions were quite slow. Downstream PP market continued to decline. PP price fell to US $1700- $1750 per ton (CFR China main port).

Recently due to profit decline, domestic refineries have either reduced or even stopped production; thus supply in the market has been limited. In the down stream market, speculation has pushed polypropylene price to go higher.

In Shandong Province, propylene market price continued the rising trend. The offer price stood at 11200-11800 yuan per ton, while mainstream market transaction price is at 11500-11600 yuan per ton.

In North China, prices were relatively stable; most manufacturers raise their price by over 100 yuan. Propylene plant of Tianjin Dagang operates steadily; present implementation price of the factory is at 10,700 yuan per ton. The offer price from Tianjin Petrochemical is at 10,700 yuan per ton.

In Northeast region, price rose by about 1,000 yuan. Propylene factory price from Jinzhou Petrochemical is at 11,200 yuan per ton. Jinxi refinery and petrochemical is offered at 11,000 yuan per ton. Quotation price from Heilongjiang petrochemical stood at 12,000 yuan per ton.

In Northwest region, price increases by about 300-350 yuan per ton. Propylene price from Xianyang auxiliary is at 10,650 yuan per ton. Implementation price of Xi'an Petrochemical is at 10,700 yuan per ton. Lanzhou Petrochemical is listed at 9500 yuan per ton.

PP market still relies on speculation and follows a slight rise, but it actually lacks bullish momentum. Domestic propylene market is expected to have limited push and will mainly remain in consolidation.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Yash P. Kotak
Bombay Hemp Company

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
March 2017

March 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