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

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Apparel/Garments | On 25th May 2017

AAFA reinforces opposition to Border Adjustment Tax

The American Apparel & Footwear Association (AAFA) has reinforced its ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Madhu Jain
Madhu Jain

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

Igor Chapurin
Chapurin

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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