Home / Knowledge / News / Textiles / Ethylene Asian buyers remain cautious
Ethylene Asian buyers remain cautious
23
Jun '10
Ethylene spot market in Asia was active in the past week. Crude oil price firmed to US $75 / barrel, naphtha price increased to high level, sending support to ethylene market, some sellers were encouraged to expect that ethylene price may bottom out.

Ethylene price has hit an 8-month low, but buyers remain cautious, as market conditions of downstream derivatives are poor.

The price of US $900/ ton seems to be an important psychological level to the market, further slip of ethylene price could lead to continued reduction of operating rate of cracking plants. Most Asian naphtha crackers are still operating at 90-100 percent capacity this month.

Arya Sasol Petrochemical Company in Iran has delayed the closure of the cracker with production capacity of 1 million tons /year in Assaluyeh region for maintenance, as another plant in Iran has closed.

Marun Petrochemical Company will restart the cracker with 1.1 million tons of capacity / year in Bandar Imam after June 20, the plant was closed for overhaul in early June. Arya Sasol plant will be shut down after restarting the plant of Marun Petrochemical Company.

Downstream derivatives markets went soft. Price of polyethylene for high-density film fell $50 to $1030-1100/ ton (CFR China). Styrene price fell $25-30 to $1045-1055/ ton (CFR China).

MEG price fell $5 to $705-715/ ton (CFR China). PVC price remained stable at $900-930 / ton (CFR China).

In the Northeast Asia market, spot market price of ethylene fell $10 to $900-950/ ton (CFR Northeast Asia).

In FOB Northeast Asian market, buying intention from traders is $800/ ton (FOB China) at the low level, but selling intention is close to $900.

Selling intention of manufacturers in other region is till $1000 / ton (FOB Korea), but the price is not attractive to traders. Purchase intention is mostly $800 / ton (FOB Korea) at the low level.

In Southeast Asia, ethylene spot price fell by $10 to $890-940 / ton (CFR South East Asia). Most buyers have completed requirements for July. Buyer's purchase intention was $900 / ton (CFR South East Asia), selling intention was $940-950/ ton (CFR South East Asia)

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 25th Sep 2017

SVP Group to build $300 mn spinning plant in Sohar

ShriVallabh Pittie Industries (SVP) Group, a diversified yarn...

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Courtesy: Business Wire

Textiles | On 25th Sep 2017

Invista to use ADN technology at joint project in France

Invista, a leading producer of chemical intermediates, polymers, and...

Interviews View All

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Paolo Ocleppo
Sandvik Hyperion

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Jay Ramrakhiani
Occasions Elegance Wear

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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

September 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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

Yes No

Active Poll

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

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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

Active Poll

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

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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