Home / Knowledge / News / Textiles / Naphtha touches 26-month high, propylene prices dip
Naphtha touches 26-month high, propylene prices dip
Nov '10
In the just concluded week, Asian propylene price fell US $20-70 in spot market, due to the impact of drop in crude oil futures price and downstream PP price. The market had increased by $90-145 / ton, in the previous two weeks under the drive of speculative trade.

In the Chinese market, propylene price in Shandong fell 1,000 Yuan to 10400-10500 Yuan / ton (ex-warehouse) on Friday, against 11,000 Yuan / ton (ex-warehouse) on Wednesday.

In Northeast Asia, price fell $30-45 to $1220-1285 / ton (CFR Northeast Asia / China), due to the influence of recent reduction in PP price and crude oil price.

In Southeast Asia, price dropped by $20-40 to $1140-1160 / ton (CFR South East Asia), reflecting the trend of the Chinese market.

In the FOB Northeast Asian market, discussion level of December shipments was about $1100 / ton.

In FOB Southeast Asian market, buying intention from buyers fell to $1,000 / ton, due to the decline in Chinese market. Some traders said it was difficult to reach arbitrage trade between Southeast and Northeast Asia, as freight charges for shipment in the first half of December rose by over $200.

Market opinions were mixed over market trend. Naphtha rose to a 26-month high at $801-804 / ton (CFR) on Friday, supported by global crude oil futures which rose above $82 / barrel.

Fibre2fashion News Desk

Must ReadView All

Apparel/Garments | On 24th Apr 2017

ColDesi launches latest direct to garment printer

ColDesi, a pioneer in the direct to garment printer business, has...

Textiles | On 24th Apr 2017

US’ textile manufacturers applaud Buy American order

US' National Council of Textile Organisations has favoured President...

Courtesy: NASA/JPL-Caltech

Textiles | On 24th Apr 2017

NASA designing advanced woven metal fabrics for space

Scientists at NASA are designing advanced woven metal fabrics for a...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Kerem Durdag
Biovation II LLC

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

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Madhu Jain
Madhu Jain

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

Pranav Mishra

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

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

April 2017

April 2017

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


Browse Our Archives


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