Home / Knowledge / News / Textiles / Propylene prices slip across Asian markets
Propylene prices slip across Asian markets
07
Jul '10
Propylene prices in Asian spot market fell US $15-30 / ton in the previous week, as upstream crude oil prices retreated to $70 / barrel. In the process, downstream derivatives market also reduced.

Most cargoes were traded below $1,100 / ton (CFR Northeast Asia) mark, while Chinese market was slow, as storage space for July cargo was limited, end users worried about prospects of derivatives market conditions, they were reluctant to purchase cargo under the background of declining domestic prices.

Limited sales of Southeast Asian spot cargo and ample supply in the region also contributed to the sluggish market in the week.

Arbitrage shipments slowed down, the opportunity for 5,000 tons of cargo with shipment in August to export from South America to Asia still exists. Buyer's bids were US $1000/ ton (CFR China), but did not receive any response from traders.

In Northeast Asia, propylene spot prices fell $30 to $1,040-1,080 / ton (CFR China). Ex-warehouse price of propylene fell 200 Yuan / ton to 8,600 Yuan / ton in East China and In Shandong, the ex-warehouse price fell 400 Yuan / ton to 8,600 Yuan / ton in Shandong.

In the FOB Northeast Asian market, sales intention of South Korean cargo for shipment in the second half of July remained at 1,000 / ton (FOB Korea), but purchase intention of traders was $1,000-1,030 / ton (FOB Korea).

In Southeast Asia, propylene prices fell $15-30 to $980-1030 / ton (CFR South East Asia). Some cargoes with shipment by end-July were traded at $985/ ton (CFR Indonesia) on Friday.

Selling intention of sellers was $1000-1030 / ton (CFR South East Asia) on the week, while purchase intention from buyers was $980-1000 / ton.

Buyer's interest reduced, as most of end-users have completed their requirements for July, so they are not anxious to buy spot cargoes. 3,000 tons of frozen cargo for arrival in mid-August is still open for sale. Offers for the same were $1050/ ton (CFR South East Asia), but buyers showed no interest.

Fibre2fashion News Desk

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Rupa Sood and Sharan Apparao
Nayaab

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search