Home / Knowledge / News / Textiles / Ethylene spot-prices touch one-month lows
Ethylene spot-prices touch one-month lows
26
Oct '10
Spot prices of ethylene in Northeast Asian market fell to one-month lows in the last seven days. Market traders say, prices still face unknown direction.

In Northeast Asia, spot price fell US $50-80 to $1030-1100 / ton (CFR Northeast Asia) in the previous week, being affected by unfavourable transaction conditions in the week.

In Southeast Asia too, price fell $10-20 to $1050-1080 / ton (CFR South East Asia), mainly due to the low level of market offers and bids.

Some cracking plants in the Middle East Iran and Qatar shut down for maintenance earlier this month, and supply of shipments from the Middle East may increase.

European spot prices could potentially increase; therefore, some cargo may be shipped from the Middle East to Europe. Unconfirmed sources said that a contracted spot cargo of 4,000-5,000 tons will be shipped from Abu Dhabi to Europe in the second half of October.

Other traders say that further drop in ethylene prices is limited, due to higher raw material costs of naphtha, plus upcoming plant maintenance of Asian crackers.

Price of high-density PE stabilized at $1200-1250 / ton (CFR China) in the last week, while MEG price was stable at US $960-970 / ton (CFR China).

Formosa Petrochemical recently resumed its No-1 cracker after its suspension in early July.

Fibre2fashion News Desk - China


Must ReadView All

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

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

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X