Home / Knowledge / News / Textiles / Asian ethylene spot continues to climb
Asian ethylene spot continues to climb
14
Dec '10
In the week just ended, spot market of Asian ethylene continued to rise, mainly due to strong naphtha price and support from expected strong demand of raw materials before China's Spring Festival. Downstream product market also sent strong support to ethylene market.

The price of cargo sold to Southeast Asia was still lower than the price of cargo sold to Northeast Asia, as buyers stayed on the sidelines due to higher offers and ample supply of cargo from the Middle East.

About 16,500 tons of cargo from the Middle East was transacted and these cargoes may be shipped to Southeast Asia. A manufacturer in Saudi Arabia bid for two ships of 4500-5000 tons for shipment in mid and the second half of December from the Middle East.

One cargo may be shipped to Europe; another ship would be transported to Southeast Asian market. The third ship of 3,500 tons was traded at formula price, to be shipped by the end of January from the Middle East. Another ship of 4,000-5,000 tons was traded at a floating price, to be shipped in the second half of December from Iran.

Naphtha price rose by about US $12-13 to $854-855 / ton (CIF Japan), as crude oil futures price rose and demand was strong. MEG price rose $15 to $1025-1030 / ton (CFR China).

In Northeast Asia, ethylene price rose $15-40 to $1170-1200 / ton (CFR Northeast Asia). In the FOB market, a cargo of 3,000 tons was traded at US $1100/ ton (FOB Japan), to be shipped in the first half of January.

In Southeast Asia, ethylene price grew $30 to $1060-1100 / ton (CFR). The FOB price in Southeast Asian market increased by $50 / ton. Trade was active and at least three transactions were concluded, the highest price was $1,000 / ton (FOB South East Asia).

Fibre2fashion News Desk


Must ReadView All

Courtesy: Fashion Revolution/Fashion Transparency Index

Apparel/Garments | On 23rd Apr 2018

Transparency helps in swiftly alerting brands

Disclosing key supplier, supply chain and operational information...

Japan’s clothing imports up 4% in fiscal 2017

Apparel/Garments | On 23rd Apr 2018

Japan’s clothing imports up 4% in fiscal 2017

Japan’s imports of clothing and accessories increased by 4 per cent...

Courtesy: Fashion Revolution/Fashion Transparency Index

Fashion | On 23rd Apr 2018

Top global fashion brands now more transparent

Fashion Revolution’s Fashion Transparency Index 2018 reveals Adidas...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

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

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Krishnanand Tripathi
Textrade International Ltd

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

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mohammad Hassan
Biax Fiberfilm

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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