Home / Knowledge / News / Textiles / Ethylene gains for second consecutive week
Ethylene gains for second consecutive week
Aug '10
In the previous week, prices in the Asian ethylene market gained for the second consecutive week, because of recent increase of raw material naphtha price, meanwhile crude oil price also rose to US $81 / barrel or higher.

Derivatives market prices were generally firm on the week. High-density PE film material rose $70-90 to $1100-1150 / ton (CFR China), while PVC price rose $10 to $900-920 / ton (CFR China). Styrene price stood at $1080-1100/ ton (CFR China) and MEG price grew $22-25, to $745-760 / ton (CFR China).

In the Northeast Asia market, price intention of spot ethylene in the region rose US $20-30 to US $870-910/ ton (CFR Northeast Asia), reflecting the level of quotation and transaction price.

It was said that a cargo of 3,000 tons local spot was sold at US $900 / ton (CFR Taiwan), for arrival in the second half of August. Sources said the same buyer is negotiating for another cargo.

Sales intention was at US $900/ ton (CFR Northeast Asia), or lower, but stock demand was limited, because most buyers had met their needs already, while September cargo price was still under earlier negotiation.

Purchase intention rose to US $800 / ton (CFR Northeast Asia), but most buyers did not receive any offer, because traders were on sideline watching, or offered prices in accordance with price formula.

In Southeast Asia, ethylene spot price rose $20-30 to $850-870 / ton (CFR South East Asia). Some buyers said that traders were unwilling to sell cargo below $900/ ton (CFR South East Asia) and would rather sit on sideline watching, because they have already had their August cargo sold out, while negotiation for September cargo has not yet started. But buyers are finding it difficult to locate cargo below $850 / ton (CFR South East Asia).

In the FOB Southeast Asian market, it was said that a cargo of 3,500 tons local stock to be shipped in August was sold at US $840 / ton to a dealer. The cargo may be shipped to the North. Some consultations were at US $800 / ton (FOB Southeast Asia) or lower. A local company said that with the increase of naphtha price, price negotiation was suspended due a large gap between offers and bids.

Fibre2fashion News Desk

Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Hannah Lane

Encouragement from brands will motivate supply chains to become more...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Suresh Patel
Sidwin Fabric

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Madhu Jain
Madhu Jain

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


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