Home / Knowledge / News / Textiles / Spot propylene prices tumble down from peak
Spot propylene prices tumble down from peak
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 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Courtesy: Global Denim Awards

Fashion | On 27th Oct 2016

Anbasja Blanken & Italian mill ITV Denim win GDA

Dutch designer Anbasja Blanken and Italian mill ITV Denim was the...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Johan Berlin
InvestKonsult Sweden AB

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

Silke Brand-Kirsch
Schlegel und Partner

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Robert Brunner

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search