Home / Knowledge / News / Textiles / Prices of Ethylene Glycol touch new lows
Prices of Ethylene Glycol touch new lows
27
Feb '09
Sinopec, China has considerably reduced prices of ethylene and ethylene glycol (EG). Prices of EG have fallen below US $500 per ton, representing a weekly drop of US $46 per ton, a decline of nearly 10 percent, to set a record low in 2009.

Industrial sources say that the decline of Poly-Ethylene (PE) and EG in China will have impact on the fortunes of Formosa, South Asia, East Union, FCFC, Asia Polymer and other manufacturers, who are all major petrochemical manufacturers in Taiwan.

Currently the major EG manufacturers in Taiwan are South Asia and East Union and that of PE, Formosa Plastics Taiwan poly and Asia Polymer and the major PTA manufacturer is FCFC.

According to market reports emanating from the Far East region, ethylene spot prices fell another $10 per ton in a week to touch $640-650 leading to the same quantum of decline of $10 per ton, in Taiwan too to reach $680 per ton.

Petrochemical industry sources point out that, since the current price of naphtha is $430-450 per ton, so they aver, ethylene must sell at a minimum of $700 per ton to avoid any operating losses.

But now since ethylene spot prices are ruling below $700 per ton, it is bound to impact the profits of Formosa Petrochemical and CPC Corporation in Taiwan to a great extent, till prices normalize to over $700 per ton.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Archroma

Textiles | On 22nd Jun 2017

Archroma’s EarthColors dyestuff range wins Gold Winner

Archroma, a global leader in colour and specialty chemicals, has...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Steve Cole
Xerium Technologies

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

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

Igor Chapurin
Chapurin

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

Sonam & Paras Modi
SVA

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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:
June 2017

June 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