Home / Knowledge / News / Textiles / Propylene spot prices continue to rise
Propylene spot prices continue to rise
14
Dec '10
In the just concluded week, spot price of Asian propylene rose for the second consecutive week, due to support from strong Chinese domestic market and higher price of international crude oil futures. However, logistical problems continued to hinder trade activities, due to congestion at China's major ports.

December shipments slowed down, despite steady supply from Northeast Asia, mainly affected by current transport bottlenecks. Trade talks of January cargo will begin at the earliest in the next few weeks.

In Northeast Asia, spot price rose US $15-20 to $1290-1315 / ton (CFR Northeast Asia / China). In Southeast Asia, spot price increased $30-40 to $1220-1230 / ton (CFR South East Asia).

In FOB Northeast Asian market, purchase intention from buyers grew to $1,200 / ton (FOB Japan), $1230-1240 / ton (FOB Korea) and $1250 / ton (FOB Taiwan). Trade was light, being limited by logistical problems, despite ample supply from Japanese and South Korea.

In FOB Southeast Asian market, purchase intention of buyers climbed marginally to $1100 / ton (FOB South East Asia). Limited supply may continue to hinder transactions.

In China's domestic market, propylene price rose 500 Yuan to 10700-10800 Yuan / ton (ex-warehouse) in the first half of the week in Shandong area, due to support from higher price of crude oil futures and steady price of downstream polypropylene.

But the price fell to 10,600 Yuan / ton (ex-warehouse) in the second half of the week in Shandong area, as buyers stood on sidelines due to abundant supply and slow demand from downstream market.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

PVH Corp Q1 2017 revenue rises 4%

The first quarter revenue of fiscal 2017 at apparel marketer PVH Corp ...

Courtesy: Levi Strauss & Co

Apparel/Garments | On 26th May 2017

LS&Co. to fund water saving solutions

LS&Co. will fund to the tune of more than $350,000 the solutions...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Mark Paterson
Technical Absorbents Ltd

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silke Brand-Kirsch
Schlegel und Partner

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

Robert Brunner
Devereux

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

Judy Frater
Somaiya Kala Vidya

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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:
May 2017

May 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