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

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Kevin Nelson

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

Kerem Durdag
Biovation II LLC

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

Silke Brand-Kirsch
Schlegel und Partner

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

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sonam & Paras Modi

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

January 2017

January 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search