Home / Knowledge / News / Textiles / Spike in spot ethylene prices in past week
Spike in spot ethylene prices in past week
28
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 20th Feb 2017

GST Council approves compensation law for states

The Goods and Services Tax (GST) Council approved the compensation...

Fashion | On 20th Feb 2017

South Korea’s fashion industry to grow 3.3% in 2017

The South Korean fashion industry is expected to grow by 3.3 per cent ...

Textiles | On 20th Feb 2017

Brazilian cotton prices oscillate in first week of Feb

In the first fortnight of February 2017, Brazilian cotton prices...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Johan Berlin
InvestKonsult Sweden AB

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner
Devereux

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

Judy Frater
Somaiya Kala Vidya

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

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
February 2017

February 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