Home / Knowledge / News / Textiles / Propylene witnesses mixed trends in spot market
Propylene witnesses mixed trends in spot market
30
Jun '10
In the previous week, spot market prices of propylene were mixed in Asia. Transaction price was above US $1100 / ton (CFR China), but fell below $1,000 / ton (CFR China). Most buyers retreated to sidelines, due to limited storage space and market trade was scarce.

In the Northeast Asian market, price gap of spot propylene widened $10 in the week to $1040-1110/ ton (CFR Northeast Asia).

Zhenhai Refining & Chemical started operation of PP production line (300,000 tons / year) in late June; the market worries PP prices would decline further. PP flat yarn price fell 10 cents in the week to $1180-1200/ ton (CFR China).

Market sources revealed that, in the arbitrage market, price negotiations were under way to test whether there are opportunities to sell 5,000 tons of frozen propylene cargoes with shipment in the second half of August from Brazil to Northeast Asia.

Sales intention was close to $1050/ ton (CFR North East Asia), but purchase price intended at $1000-1050 / ton (CFR North East Asia). Some traders said some cargoes might be shipped to Indian market, but details were unknown.

Earlier this week, two ships were reported to have arrived in the first half of July at $1125/ ton (CFR China), but details were unknown. Low price level was at $1080-1110/ ton (CFR China), but no deal reached due to large price gap.

Several merchants said general purchase price was below $1,100 / ton (CFR China), while some sellers said it was difficult to reach deal at $1120-1130/ ton (CFR China).

It was confirmed that mid-July shipment was sold at $1040/ ton (CFR China), but domestic traders sold a cargo of mid-July shipment of ocean freight at $1,020(CFR China) to an end user.

On Friday, purchase intention was at $1050-1100 / ton (CFR Northeast Asia), selling intention from dealers was at $1100-1130 / ton (CFR Northeast Asia). An end user said he received an offer of shipment from Southeast Asia at $1080/ ton (CFR China).

In East China, domestic price stabilized at 8,800 Yuan / ton (ex-warehouse), in Shandong region, while ex-warehouse price was around 9,000 Yuan / ton.

In the FOB Northeast Asian market, it was said that a cargo for July shipment was sold to a dealer at $1070 / ton (FOB) in early week. Some market traders said the price represented market conditions, as sales intention was $1090/ ton (FOB Korea).

In Southeast Asian market, spread between offers and bids was wide, market price was at $995-1050 / ton (CFR South East Asia), and however, transactions were light, due to wide negotiation scope.

PP makers said they received offers at $1,100/ ton (CFR South East Asia), but July needs have been met. Purchase intention was at US $1000-1050/ ton (CFR South East Asia), as PP price was at US $1200 / ton (CFR South East Asia).

Some price negotiation ranged US $980-1000 / ton (CFR South East Asia), but the shipment was final sold to China, where price was slightly higher.

Fibre2fashion News Desk


Must ReadView All

Textiles | On 19th Aug 2017

New fabric interfaces to interact with computers

As computer capabilities evolve, new fabric-based interfaces are...

Textiles | On 19th Aug 2017

Brazilian cotton prices drop in first fortnight of August

Cotton prices dropped in the Brazilian market in the first fortnight...

Apparel/Garments | On 19th Aug 2017

Target to acquire Grand Junction for faster deliveries

Target Corporation has announced that it has agreed to acquire Grand...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Paolo Ocleppo
Sandvik Hyperion

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sidharth Sinha
Sidharth Sinha

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

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

August 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
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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