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 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Textiles | On 23rd Jan 2017

MagnaColours develops new sustainability standard

MagnaColours, manufacturer of printing inks and ink bases, discharge...

Courtesy: ZDHC

Textiles | On 23rd Jan 2017

ZDHC adds six new contributors for sustainability

Zero Discharge of Hazardous Chemicals (ZDHC) programme has added six...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

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...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Judy Frater
Somaiya Kala Vidya

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
January 2017

January 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