Home / Knowledge / News / Textiles / Asian spot propylene expands across the board
Asian spot propylene expands across the board
17
Aug '10
In the last week, spot market prices of propylene in Asian markets increased by US $10-40 / ton across the board, while the market fell in the second half of the week, due to decline in crude oil futures prices and softened domestic prices of polypropylene and other derivatives.

In industrial news, Formosa Petrochemical Refinery has resumed production and the news may pale spot buying interest, and it further affected trade activities in the market at the weekend.

It was reported in the early part of the week that a deep-water cargo will arrive in Libya by the end of September and was traded at $1100 / ton (CFR Northeast Asia), but some traders said arbitrage opportunities were limited, as spot prices in the United States and Europe have increased.

It was said propylene stock produced in India for shipment in September was ready for sale, but no deal could be reached.

In Northeast Asia, propylene stock valuation stood at $1140-1220 / ton (CFR Northeast Asia). In East China, propylene spot price was 9000-9300 Yuan / ton (ex-warehouse), basically unchanged from last week. Over the same period, trade price was 9300 Yuan / ton (ex-warehouse) in Shandong.

In the FOB Northeast Asian market, spot price intention was $1150-1180 / ton. Sales intention of September cargo was about $1200 Yuan / ton (FOB Korea). But no deal was reached. Buyer's intention was close to $1150 / ton (FOB Korea).

In Southeast Asia, propylene spot prices slightly widened to $1050-1080 U.S. dollars / ton (CFR South East Asia). A new capacity of 150,000 tons / year, polypropylene plant in Vietnam has been put on operation; which could lead to reduced exports of propylene from Vietnam.

In the FOB Southeast Asian market, a regional producer is said to have received buying intention from an end-user for September shipment, intended bids and offers ranged between $1000-1050 / ton.

Fibre2fashion News Desk


Must ReadView All

Global economic upswing became broader & stronger: IMF

Textiles | On 19th Apr 2018

Global economic upswing became broader & stronger: IMF

The global economic upswing that began around mid-2016 has become...

Courtesy: ITMA

Textiles | On 19th Apr 2018

ITMA 2019 expanding space due to overwhelming response

Due to overwhelming response, the exhibition space has been increased ...

BIDA’s Europe trip to showcase a different Bangladesh

Apparel/Garments | On 19th Apr 2018

BIDA’s Europe trip to showcase a different Bangladesh

The Bangladesh Investment Development Authority (BIDA) is taking a...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Urmil Arya

Sushila International, a well established textile organisation established ...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Marten Alkhagen
Swerea IVF AB

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

Leave your Comments


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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