Home / Knowledge / News / Textiles / Spot propylene zooms in previous week
Spot propylene zooms in previous week
10
Nov '10
In the previous week, Asian propylene spot price rose fast, mainly due to the drive from crude oil futures and downstream PP price.

However, market dealers suspect sustainability of market gains, as price increase was mainly caused by speculative buying, as end-users in Chinese market were still cautious.

Price may also move up in the next two weeks, due to strong prices of crude oil and naphtha, as well as firm trade of PP, PO, oxygen ethanol and acrylic market in downstream sectors, sources said.

However, higher stocks in China weighed on the market, as local supply was adequate.

In Northeast Asia, spot price jumped US $20-65 to $1180-1250 / ton (CFR Northeast Asia), due to the impact of price increase of PP and propylene in China.

In the FOB Northeast Asian market, it was said, a deal was reached at $1,160 / ton (FOB Korea), but the news was not confirmed. Offers for December shipment rose to a high level of $1100 / ton (FOB Korea).

In Southeast Asia, spot price rose $10-20 to $1120-1130 / ton (CFR South East Asia), as being influenced by offers and bids in the market.

In the FOB Southeast Asian market, price in China rebounded to the middle level of US $1000/ ton (FOB South East Asia). It was said that a single offer was stuck at $1100 / ton (FOB Thailand), but details were unknown.

Purchase interest was limited; due to moderate demand in Southeast Asia and prospects of the main market in China were unclear.

Fibre2fashion News Desk

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Kerem Durdag
Biovation II LLC

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

Paolo Ocleppo
Sandvik Hyperion

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

Mark Paterson
Technical Absorbents Ltd

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

Ritu Kumar
Label Ritu Kumar

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search