Home / Knowledge / News / Textiles / Worldwide textile raw material prices round-up
Worldwide textile raw material prices round-up
24
May '10
The main price of US crude oil fell by US $1.68 to $70.80 / barrel on Friday, as investors worried about economic growth prospects and global demand for energy caused by European sovereign debt.

Naphtha fell $6 to $673-676 / ton (CFR Japan); heterogeneous class MX dropped by $15 to $817-818 / ton (FOB Korea).

In Asia, Paraxylene plunged by $7 to $934-935 / ton (FOB Korea). In the European market it stood steady at $993-997 / ton (FOB Rotterdam) and in the US market it descended by $15 to $915-920 / ton (FOB US Gulf).

PTA spot market too turned weak. Offers in the Chinese domestic spot market were around 7,200 Yuan / ton, but most sellers were unwilling to sell below 7,300 Yuan / ton. Offers for Taiwan goods were light at $870 / ton.

The Chinese MEG market also declined and a wait and watch sentiment gripped the whole market. Offers for domestic goods remained at about 6,500 Yuan / ton, with negotiation levels at around 6,300-6,350 Yuan ton.

Offers for overseas MEG too fell significantly. Offers for small quantity were at $760-770 / ton, negotiation level was around $760 / ton, or even lower.

Polyester filament yarn in Jiangsu and Zhejiang extended its weak trend. Some factories reduced prices by 100-200 Yuan / ton. The prices of polyester staple fibre (PSF) from manufacturers in Jiangsu and Zhejiang fell 200 Yuan to 10,000 Yuan / ton (ex-factory price in cash payment).

Fibre2fashion News Desk

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Judy Frater
Somaiya Kala Vidya

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X