Home / Knowledge / News / Textiles / Ethylene prices touch 16-month highs
Ethylene prices touch 16-month highs
15
Jan '10
In the last few days, Asian ethylene spot prices have risen to 16-month high's, mainly due to tight supply from Asia and the Middle East, as well as price increases in its raw material; naphtha as well as crude oil.

Naphtha supply shortage led to large-scale crackers in Asia to reduce operating rate to about 90 percent, which helped promote prices of downstream products like polyethylene and MEG.

However, tight supply of ethylene in the spot markets greatly hindered market trade. A number of sellers suspended sales on anticipation of further price, though a few offers for cargos were available US $1,300-1,350 per ton (CFR Asia).

But rising price of ethylene may lead to production cut in downstream plants; integrated producers may in turn sell vinyl cargo. There was an explosion in a cracker in China Lanzhou Petrochemical Company, though it did not have a direct impact on the market.

In downstream derivatives market, price of high-density polyethylene (film grade material) rose US $50-80 to US $1,270-1,360 / ton (CFR China), while MEG price was US $970-980 / ton (CFR China). Styrene price rose US $80-90 to US $1,300-1,320 / ton (CFR China). PVC price rose US $30 to US $930-970 / ton (CFR China).

Fibre2fashion News Desk - India


Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Steve Cole
Xerium Technologies

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

Lynda Kelly
Suominen Corporation

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

Johan Berlin
InvestKonsult Sweden AB

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

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Wendell Rodricks
Wendell Rodricks

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

Nisha Chanda
Whistling Woods International School of Fashion

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

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


May 2018

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

news category


Related Categories:

Advanced Search