Home / Knowledge / News / Textiles / Propylene market likely to consolidate its position
Propylene market likely to consolidate its position
11
Dec '08
Although crude prices are moving downward, propylene market in China is showing stability, due to basic balance in supply and demand situation.

With the approaching year end, both factories and traders are cautious and reluctant to take any major move; they are controlling their fund strictly by reducing expenditure and avoiding blind speculation. However, without strong support from down stream manufacturers, the market trend is expected to lose its lustre.

Last week, the mainstream price of propylene in Shandong was stable, and traded at 5200 yuan per ton; in Northwest, propylene price declined 400 yuan per ton, and traded at 5100 yuan per ton; in Northeast region, propylene price lowered by 100 yuan, and was quoted at 4900 yuan per ton; in North China, propylene price fell by 400 yuan to touch 5100 yuan per ton for mainstream level.

China's propylene market is expected to consolidate its position in short term, due to relative firmer trend in down stream market.

Market express of propylene prices on December 11

On December 10, propylene prices showed considerable fluctuation in various markets. Regions like Far East showed a considerable surge; in Europe prices demonstrated a substantial fall, as inventories in these markets are quite high; where as prices in the US region observed some stability in comparison to the previous week.

Propylene prices in Far East region:

Propylene, FOB South Korea, at US $499-501 per ton.

Propylene prices in European region:

Propylene (polymerization level), FD Northwest Europe, at Euro 360.00-370.00 per metric ton.
Propylene (polymerization level), CIF Northwest Europe, at Euro 350.00-360.00 per metric ton.

Price in the United States:

Propylene (refining level), FAS Houston, at US cent 11.625-11.875 per lb.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: Sympatex Technologies

Textiles | On 23rd Feb 2018

Sympatex, Ricosta jointly move towards sustainability

Sympatex Technologies is moving towards sustainability with its...

Courtesy: Business wire

Information Technology | On 23rd Feb 2018

CLO Virtual Fashion launches CLO 4.0 & new website

CLO Virtual Fashion, a leading developer of cutting-edge 3D garment...

Courtesy: Delta Galil

Apparel/Garments | On 23rd Feb 2018

Delta Galil 2017 sales up 16% to $1,368.1 million

Delta Galil sales for full year 2017 increased 16 per cent to...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Mark Paterson
Technical Absorbents Ltd

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Sonam & Paras Modi
SVA

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Judy Frater
Somaiya Kala Vidya

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

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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