Home / Knowledge / News / Textiles / Spot ethylene prices slip to two-month low
Spot ethylene prices slip to two-month low
Nov '10
Ethylene Asian spot markets fell to a two-month low in the past week, led by the decline in Northeast Asian markets due to abundant supply and limited storage space.

In Northeast Asia, spot price of ethylene fell US $40-80 to $990-1020/ ton (CFR Northeast Asia) on the week, reflecting the trading price in Taiwan area and bargaining level. In Southeast Asia, it dipped by $50 to $1000-1030 / ton (CFR South East Asia).

Although prices of raw material; naphtha rose, ethylene cargo supply from the Middle East and Asia had greater impact over ethylene spot prices. Two ships of 4,000-5,000 tons from Abu Dhabi and Saudi Arabia to be loaded in the first half of November weakened the market, and caused price decline of ethylene.

Some traders believe that these shipments are likely to be shipped to India or Europe, where prices are currently the highest in the world, supported by the strike of French workers and delayed restart of plants, as well as solid demand from downstream sector.

As for the market outlook, some traders expect that ethylene price may further decline, as a number of buyers in Northeast Asia have stocked up on their November needs, storage capacity is limited, therefore it is difficult to accept more spot cargoes.

However, some other traders think that ethylene price may be on the verge of bottoming out, because downstream market is solid. The narrow spread between naphtha and ethylene has hurt production profits of crackers.

Downstream market appeared mixed. High-density film grade polyethylene rose US $20 to $1220-1270/ ton (CFR China), but MEG price fell $5 to 960-965/ ton (CFR China). PVC price remained stable at $960-990 / ton (CFR China).

Fibre2fashion News Desk

Must ReadView All

Apparel/Garments | On 21st Oct 2016

China’s garment retail sales grow 7.2% in Jan-Sept ’16

Retail sales of garments, footwear, hats and knitwear of Chinese...

Mike Preston, executive director of the Arkansas Economic Development Commission (AEDC), signing MoU with Tang from Suzhou Tianyuan Garments company. Courtesy: Government of Arkansas

Apparel/Garments | On 21st Oct 2016

Suzhou Tianyuan to open $20 mn garment factory in US

Suzhou Tianyuan Garments company, a Chinese manufacturer of casual...

Textiles | On 21st Oct 2016

Pakistan’s textile exports fall 5.96% y-o-y in Q1 FY17

The value of textile and garment exports made by Pakistan decreased...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Giorgio Mantovani
Corman S.p.A

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

Marten Alkhagen
Swerea IVF AB

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

Tony Ward
Tony Ward

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

Pranav Mishra

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

Igor Chapurin

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

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search