Home / Knowledge / News / Textiles / Ethylene prices move along course set by other petrochemicals
Ethylene prices move along course set by other petrochemicals
09
Apr '09
In tune with an across the board increase in petrochemical prices, market prices of ethylene too moved along the course adopted by its contemporaries in the petrochemical sector. On April 1, ethylene prices had either moved marginally or stayed stable in most of the markets.

But yesterday the scene had completed changed vis-à-vis that of April 1. A spurt in ethylene prices was noticeable across most global markets like Asia, US and Europe, except for CIF Northwest Europe. Analysts attribute this to a closure of a few crackers leading to a short supply of the raw material.

Ethylene prices for CFR Northeast Asia ascended from US $676-686 per metric ton on April 1, to $771-781 per metric ton yesterday while ethylene prices for CFR Southeast Asia also augmented from $595-605 per metric ton to 681-691 per metric ton.

Ethylene prices for the Far East region, (FOB South Korea) and (FOB Japan), also maintained their ascent in the third consecutive week and grew from $638 per metric ton to $685 per metric ton respectively, up by $47 per ton compared to the rise of $8 per metric ton, registered in the previous week.

However, ethylene prices in the European region which had journeyed southwards in the previous three weeks, recovered on April 9, though albeit marginally. FD Northwest Europe grew from €571-576 per metric ton to €575-580 per metric ton, though; CIF Northwest Europe plummeted from $691-696 per metric to $650-660 per metric ton.

Prices of ethylene in the US market of Houston have also soared for the second consecutive week after having slipped for three previous weeks to grow to US cent 24.880-25.130 per pound from US cent 24.005-24.505 per pound on Wednesday.


Fibre2fashion News Desk - China


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Abhishek Pachauri

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

Paolo Ocleppo
Sandvik Hyperion

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

Kevin Nelson
TissueGen

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

Larry L Kinn
Suominen Corporation

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

Igor Chapurin
Chapurin

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

October 2017

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
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

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
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

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
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

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
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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