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

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Vasanth Kumar
Max Fashion India

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

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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