Home / Knowledge / News / Textiles / Spike in spot ethylene prices in past week
Spike in spot ethylene prices in past week
Sep '10
In the just concluded week, Asian spot market valuation of ethylene rose US $10-70, due to production problems with Saudi Aramco and unexpected shutdown of downstream PE production in mid- September, due to which supply from Middle East gradually decreased.

In Northeast Asia, due to strong buying interest, spot price of October cargo rose $50-60 to $1050-1100 / ton (CFR Northeast Asia), the gap between bid and offer narrowed.

In Southeast Asia, price of October ethylene cargo rose about $50-70 to $1000-1050 / ton (CFR South East Asia), both bid and offer levels moved higher. In the FOB Southeast Asia market, sales intention was $990-1020/ ton.

Due to lack of raw material; vinyl, fiber plant of Taiwan Formosa Petrochemical has delayed the starting time of its No - 3 cracker, to the first half of October, the original plan was to start operation by the end of September.

Downstream derivatives markets were steady and firmed, MEG price rose to $805-810 / ton (CFR China). PVC price was stable at $950-970 / ton (CFR China), high-density film grade polyethylene remained stable at $1120-1170 / ton (CFR China).

Operation rate of derivatives market in East China and North China is 60-70 percent and 80-90 percent, respectively, as the government has implemented a policy of limited power supply.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Giorgio Mantovani
Corman S.p.A

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

Suresh Patel
Sidwin Fabric

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search