Home / Knowledge / News / Textiles / Propylene spot prices continue to rise
Propylene spot prices continue to rise
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 Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Eamonn Tighe
Nature Works LLC

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marcel Alberts

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Sonam & Paras Modi

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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


July 2017

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

news category

Related Categories:

Planning to Take the Leap towards

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

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

Yes No

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

Yes No

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

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