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

Coats acquires yarn manufacturer Patrick Yarn Mill

Textiles | On 12th Dec 2017

Coats acquires yarn manufacturer Patrick Yarn Mill

Coats, the world’s leading industrial thread manufacturer, has...

India’s garment imports from Bangladesh up 56% post-GST

Apparel/Garments | On 12th Dec 2017

India’s garment imports from Bangladesh up 56% post-GST

India has imported $87.4 million worth of readymade garments from...

Courtesy: Badger Sportswear

Apparel/Garments | On 12th Dec 2017

Badger Sportswear acquires Alleson Athletic

Badger Sportswear, a leading manufacturer of athletic apparel and...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Rikesh Mistry

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

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Paolo Ocleppo
Sandvik Hyperion

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

December 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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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