Home / Knowledge / News / Textiles / Ethylene prices scale up to 2009 highs
Ethylene prices scale up to 2009 highs
01
Dec '09
In the past seven days, spot ethylene prices in Asia rose to 2009 high's, buoyed by strong price in polyethylene market, limited supply and high price of naphtha. However, the crude oil market dropped sharply on Friday, raising concerns over whether the gains could be maintained for the next few weeks.

Recent rise in ethylene prices also contributed to the opening of a window for arbitrage of shipments from Mexico, Libya and Argentina to Asia. It is reported that negotiations for cargoes for arrivals in December and January are under way.

Shipments from Iran and Saudi Arabia also supported supply level under negotiation, as end-users refresh stocks for production of derivative products, particularly in Southeast Asia. Asian manufacturers are optimistic about market prospects of ethylene.

The market of downstream derivatives rose in the week. Price of HDPE film grade materials rose by US $20 to $1220-1290 per ton (CFR China), while MEG price rose by $25 to $840-845 per ton (CFR China).

But styrene price fell $25-35 to $1080-1100 per ton (CFR China). PVC price increased by $10-20 to $840-890 per ton (CFR China). In Northeast Asian markets, spot price rose 40 cents, to US $1070-1110 per ton (CFR Northeast Asia), reflecting the level of bargaining. CFR South East Asia ethylene prices also rose by $50-60 to $1100-1150 per ton.

In addition, Chinese customs statistics show that China's imports of ethylene in October dropped 22 percent compared with September to 64,157 tons, but imports were flat, when compared with a year earlier. China's total imports amounted to 851,038 tons this year, 21,204 tons, more than last year's imports.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Larry L Kinn
Suominen Corporation

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

Steve Cole
Xerium Technologies

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

Silke Brand-Kirsch
Schlegel und Partner

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

July 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

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X