Home / Knowledge / News / Textiles / End of spring festival may signal revival in petrochemical markets
End of spring festival may signal revival in petrochemical markets
06
Feb '09
Driven by higher market price of naphtha, January ethylene price offered by CPC Corporation, Taiwan should have risen by US $100 per ton, or nearly 18 percent, but after being calculated by the new formula, the price stood at $650 to $660 per ton, still slightly lower than the spot market.

CPC Corporation points out that, since the spot markets of ethylene, propylene, and butadiene have rebounded from the bottoms, light cracking plants in Asian region have increased their operating rates, naphtha demand has enlarged, in turn, stimulating naphtha price from $320 per ton to a high of $420 per ton at present.

However, CPC Corporation believes that activity in spot markets in Asia is steadily increasing, Up to now; Northeast Asian market price for ethylene has risen to $670-680 per ton, plus other additional costs of up to $30-40 per ton. This translates in to an actual purchase price of $700 per ton. In other words, it will still be cost-effective to take supply from CPC Corporation.

Downstream petrochemical plants expect that, demand from the mainland market will increase after completion of spring holidays and they have increased capacities as well as inventories in anticipation of another upward wave of ethylene derivatives. The spot price of high-density polyethylene (HDPE) as an example has also moved to a high of $900 per ton.


Fibre2fashion News Desk - China

Must ReadView All

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Bani Batra

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Sonam & Paras Modi
SVA

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

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