Home / Knowledge / News / Textiles / Spot propylene prices tumble down from peak
Spot propylene prices tumble down from peak
01
Dec '09
In the just concluded week, spot propylene price in Asia rose to new 2009 peaks, but on Friday, shed the gains to fall from US $1,180 per ton (CFR China) to $1,140 per ton (CFR China), effect of a fall in international crude prices.

It is reported that a sea cargo scheduled to arrive in January was traded at a price lower than $1,050 per ton (CFR Taiwan) in the week, thereby aggravating the uncertainty of the market. But for most of the week, propylene price was supported by China's downstream markets of acrylonitrile and acrylic.

In case of markets of Northeast Asia, just one or two shipments were traded in the region at the level of $1,170-1,180 per ton (CFR China). South Korea and Japan sold cargoes to Chinese end-users as these buyers want to increase their yields.

In the week, price of acrylic acid rocketed to 1,300 Yuan per ton, being supported by tight supply, while price of acrylonitrile exceeded $1,700/ ton (CFR). In China, inventory space for December arrivals is limited, which restricts buyer's import capacity.

In Southeast Asia, it was reported that a batch of deep-water cargo from Brazil / Libya was sold to a manufacturer of polymer products at $1,030-1,050 / ton (CFR Indonesia).

It is reported that demand from polypropylene producers is weak, so most sellers are taking the opportunity to build inventory, as sales have slowed down in lower reaches.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

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

Johan Berlin
InvestKonsult Sweden AB

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Igor Chapurin
Chapurin

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

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