Home / Knowledge / News / Textiles / Price trends of ethylene & its derivatives weaken
Price trends of ethylene & its derivatives weaken
07
Jul '10
In the just concluded week, Asian ethylene market weakened. However, the unexpected maintenance of a polyethylene plant with a capacity of 600,000 tons / year in Singapore caused some sales of spot cargo.

Ethylene price remained stable at the psychological level of US $900 / ton (CFR Northeast Asia), but some industry sources say the market may not have bottomed out, as operating rate of Asian naphtha crackers is still higher than 90 percent.

Price drop of upstream naphtha and crude oil makes buyers cautious; most suppliers in the region prefer to sell cargo at formula price, as spot market price is too low at present.

Widening spread between Northeast Asia and Southeast Asia has triggered a number of arbitrage opportunities. 3,000 tons of cargo with shipment in the second half of July was sold in Northeast Asia at $900/ ton (CFR).

However, Chinese import demand is expected to increase by the end of July, as plastic manufacturers will replenish stocks in preparation for production season in August.

Derivative market prices generally lowered in the week. High-density film grade polyethylene fell $10-30 to $1020-1070/ ton (CFR China). MEG prices fell $10-15 to $700-710 / ton (CFR China). Styrene price fell $30, to US $990-1010 / ton (CFR China). PVC price fell $10, to US $840-860 / ton (CFR China).

In the Northeast Asia market, spot price of ethylene ranged between $900-910/ ton (CFR Northeast Asia) in the week. In FOB Northeast Asian market, 3000-5000 tons of cargo for shipment in July was traded at $850 / ton (FOB China), but has not yet been confirmed.

In Southeast Asia, ethylene spot market prices fell $65-70 to $800-850 / ton (CFR South East Asia). Sales intention was about $850/ ton (CFR South East Asia) in the week, while purchase intention was $800/ ton.

Fibre2fashion News Desk


Must ReadView All

Sanjay K Jain, managing director, TT Ltd

Textiles | On 21st Sep 2017

TT’s Sanjay Jain elected new chairman of CITI

The Confederation of Indian Textile Industry (CITI), the apex body...

Textiles | On 21st Sep 2017

NRF urges US lawmakers to lower corporate tax rates

The National Retail Federation (NRF) has written to the US Senate...

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

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

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eric Scholler
Groz-Beckert

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

Sidharth Sinha
Sidharth Sinha

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

Pranav Mishra
Huemn

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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