Home / Knowledge / News / Textiles / Spot propylene dips in past week
Spot propylene dips in past week
Dec '10
In the past week, spot price of Asian propylene fell US $10-20, due to weak demand of derivatives prices in China's domestic market. Trade activities have gradually weakened, because of the congestion at China's major ports over the past few weeks.

In Northeast Asia, propylene stock valuation fell US $10 to $1280-1315 / ton (CFR Northeast Asia), reflecting the level of transaction and consultation.

In China's domestic market, propylene price in Shandong fell 200-300 Yuan to 10300-10400 Yuan / ton (ex-warehouse), due to adequate inventory and lower demand of PP market.

In the FOB Northeast Asian market, it was said that two ships of cargo for shipment in January were traded at $1270-1275 / ton (FOB Korea), but details were unknown.

It was said that a deal was reached at US $1,270 / ton (FOB Taiwan), for shipment in January, but could not be confirmed. Market traders felt the price was higher than general CFR China price.

In Southeast Asia, price fell $10-20 to $1200-1220 / ton (CFR South East Asia), reflecting lower offers and market transactions were light.

In the FOB Southeast Asian market, purchase intention was US $1100/ ton (FOB South East Asia), negotiation over price was scarce and firm offers were few.

Cold weather and snow have delayed transportation, resulting in high inventories of shore tanks. Sources say that port congestion can be improved after the Chinese New Year holidays in early February.

Meanwhile, naphtha cracking plants in Asia briefly suspended their operations earlier in the week, however, created a limited impact on the spot market, due to ample supply and sluggish demand.

Market participants widely expect that propylene price will rise marginally in December and January, as the derivatives market enters off-season, towards the start of the next year. In addition, cracking factories are scheduled to start maintenance in second quarter of next year.

Fibre2fashion News Desk - India

Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Deepak Jain

We are using Facebook and Instagram to promote ourselves

Janak Dhamanwala & Sunil Dhamanwala

Moving towards sustainability is also a social change

Textile & apparel industry

GST is a complicated and lengthy process

Rikesh Mistry

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

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Marten Alkhagen
Swerea IVF AB

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi

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

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


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search