Home / Knowledge / News / Textiles / Spot propylene dips in past week
Spot propylene dips in past week
22
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

Textiles | On 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Courtesy: Williamsburg Garment Company

Fashion | On 28th Apr 2017

'We have grown by staying small & maximising efforts'

The easiest way to go out of business is to be too big or expand too...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Silke Brand-Kirsch
Schlegel und Partner

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

Paolo Ocleppo
Sandvik Hyperion

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

Johan Berlin
InvestKonsult Sweden AB

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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