Home / Knowledge / News / Textiles / Spot ethylene prices slip to two-month low
Spot ethylene prices slip to two-month low
02
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 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

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

Marten Alkhagen
Swerea IVF AB

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Ritu Kumar
Label Ritu Kumar

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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