Home / Knowledge / News / Textiles / Ethylene spot price touches seven-month high
Ethylene spot price touches seven-month high
08
Dec '10
In the previous week, spot market of Asian ethylene rose to a high level, at least not seen in the last seven months, mainly supported by strong demand in Northeast Asia. China's ethylene production has reduced in the month, local supply is limited and prices of naphtha have moved higher, therefore, sales were firm.

In Northeast Asia, ethylene price rose US $40-65 to $1130-1185 / ton (CFR Northeast Asia), the price was the highest level since May, reflecting transaction price of China's cargo and consultation level on the week.

In Southeast Asia, spot price rose about $30-40 to $1030-1070 / ton (CFR South East Asia), reflecting the level of offers and bids, however, trade volume was light.

In the FOB Southeast Asian market, it was reported that 3000-3500 tons of local cargo were sold to a trader at $1,050 / ton, for shipment in the second half of December, destination was unknown.

Price in Southeast Asia rose moderately. Some market sources revealed that, about 5000-10,000 tons of ethylene would be shipped by mid or late December.

Naphtha price closed at nearly $850/ ton (CFR Japan) in the week, due to strong crude oil price which reached nearly $90 / barrel.

But some buyers were still standing on the sidelines, due to higher offers and were waiting for clear indication of stock cargo from the Middle East.

In the derivatives markets, MEG price rose $20-25 to $1010-1035/ ton (CFR China).

Fibre2fashion News Desk

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Lynda Kelly
Suominen Corporation

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

Paolo Ocleppo
Sandvik Hyperion

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

Silke Brand-Kirsch
Schlegel und Partner

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

Sonam & Paras Modi
SVA

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Pranav Mishra
Huemn

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 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



X