Home / Knowledge / News / Textiles / Ethylene glycol market slows on weak demand & falling prices
Ethylene glycol market slows on weak demand & falling prices
27
Sep '08
While demand from China is weak, spot price of EG (ethylene glycol) declined to below US $800 per ton, the lowest in nearly two years. On the other hand, SABIC International is reported to be running at full production capacity. In fact, experts anticipate most of the petrochemical units to post decline in earnings or report losses for this year.

The present market scenario has forced buyers to adopt a 'wait and watch' attitude. This is since ethylene glycol spot prices have seen a drop of nearly 25 percent since the beginning of this year and has also led to rising inventory levels with most of the manufacturers.

Industry analysts believe that decline in orders of the clothing and weaving factories in China also came in the wake of shrinking consumer business in the US. This has even affected polyester filament yarn and fibre enterprises. As such, the industry, for which the month of September is traditionally a peak time, is now uncertain about its outcome.

EG prices are hard to depict and a sharp rebound is expected in the fourth quarter though profit outlook of the industry will continue to remain pessimistic in 2009.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 30th May 2017

Russian regions driving forward light industry & fashion

Russian regions, especially Ivanovo and St. Petersburg, are turning...

Courtesy: Dollar Industries

Apparel/Garments | On 30th May 2017

Dollar Industries registers Rs 906 cr turnover in FY17

Hosiery major Dollar Industries Limited registered a turnover of Rs...

Courtesy: Pan Brothers

Apparel/Garments | On 30th May 2017

Pan Brothers to set up 2 new garment factories

PT Pan Brothers Tbk plans to increase its production capacity by...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eric Scholler
Groz-Beckert

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Pranav Mishra
Huemn

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

Sonam & Paras Modi
SVA

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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:
May 2017

May 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