Home / Knowledge / News / Textiles / Ethylene prices continue falling in worldwide markets
Ethylene prices continue falling in worldwide markets
05
Mar '09
Prices of most petrochemicals have begun a backward trek after having registered gains in the first few weeks of 2009. For the fourth consecutive week, ethylene prices have been falling in Asian markets.

The same trend seems to be prevailing in Far East markets too, while prices in Europe reversed the trend of last week and fell in the current week but, marginally. Ethylene prices in the Houston markets in the US also followed cues from European and Asian markets to go in the same direction.

Last week for instance in the Asian region, ethylene prices for CFR Northeast Asia were quoted at US $675-685 per metric ton, which have now further moved down to $635-645 per metric ton. Ethylene prices for CFR Southeast Asia, though continued to retain stable since the last two weeks at $605-615 per metric ton.

Ethylene prices for the Far East region also fell from $635 per metric ton (FOB South Korea) last week to $595 per metric ton yesterday, while FOB Japan, too was quoted at $595 per metric ton, in also falling from a price of $635 per metric ton, quoted in the last week.

In the Europe region, prices of ethylene though stayed flat at the same rates prevailing on previous Wednesday. Both, FD Northwest Europe and CIF Northwest Europe stayed stable at the previous week's level of €625-630 per metric ton and $755-765 per metric ton, respectively.

The US markets which had witnessed a trail blazing jump in ethylene prices last week, also fell in line with Asian markets to US cent 31.255-31.505 per pound from US cent 33.130-33.380 per pound.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Larry L Kinn
Suominen Corporation

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler
Groz-Beckert

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

Pranav Mishra
Huemn

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

Sanjukta Dutta
Sanjukta's Studio

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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