Home / Knowledge / News / Textiles / Propylene prices expected to shoot up in June
Propylene prices expected to shoot up in June
29
May '09
U.S propylene prices have increased by 6 cents per lb to an average level of 54 cents per lb, according to the latest survey by the U.S. National Association of Petrochemical and Refining, but the price hike is due to limited supply, not demand increase.

Propylene output of the first quarter in the United States reached 7.22 billion pounds, down 17 percent from 8.67 billion pounds of the corresponding time last year and fell by 7.4 percent when compared with the fourth quarter of 2008.

The U.S. National Association of Petrochemical and Refining said that domestic stock of propylene reached 1.57 billion pounds in the first quarter of this year, down 15 percent from the inventory of 1.85 billion pounds in the fourth quarter of 2008.

The U.S. Energy Information Administration has reported that operation rate of domestic refineries stood at 85 percent in April. Propylene prices have increased from 47 cents per lb to 54 cents per lb in the past few weeks.

Tight supply and high energy prices could impact early June contract prices and take it to 60 cents per lb, an increase of 6 cents per lb from that prevailing in the current month.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Pexels

Textiles | On 17th Jul 2018

Trade wars could depress medium-term growth prospects: IMF

The recently announced and anticipated tariff increases by the US and ...

Courtesy: Mat Brown from Pexels

Textiles | On 17th Jul 2018

India increases import duties on textiles & apparel

The Government of India has increased basic customs duty on several...

Luis Quijano

Textiles | On 17th Jul 2018

US varsity student cultivates bacterial cellulose in lab

Luis Quijano, a student at the Liberty University in Lynchburg,...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Top executives
Textile industry

GST has levelled the playing field to an extent

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Liz Manning

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Divvya and Nidhhi Gambhir
Walnut

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

Bani Batra

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

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search