Home / Knowledge / News / Textiles / Ethylene spot prices rise in previous week
Ethylene spot prices rise in previous week
11
Jan '11
In Northeast Asia, ethylene prices rose about US $30 to US $1200-1230 / ton (CFR Northeast Asia), reflecting the strong level of consultation for cargo with shipment in late January/ early February.

In Southeast Asia, the price grew about US $10, because sales intention of local cargoes was firm, a deal was made at US $1100 / ton (FOB South East Asia).

In FOB trade in South-East Asia, two cargoes with shipment in late January were discussed at US $1100 / ton (FOB South East Asia) in the week. In the previous week, one cargo of 3000 tons was traded at US $1100 / ton with shipment in mid-January. 3000-3500 tons of cargo for shipment in late January was offered at US $1110-1200/ ton (FOB South East Asia).

Ethylene spot prices for shipment in late January and early February moderately rose in the just past week, due to the promotion from firm price of crude oil futures and increased naphtha price which rose up to US $ 880 / ton (CFR Japan).

Buying interest of cargo with shipment in late January and early February was better in China, although the majority of buyers in Asia were not eager to buy stocks, because they held adequate inventories, in addition, the tension of cargo supply from Middle East has eased.

Some traders said that ethylene price was firm in Europe, so the cargo from the Middle East may be shipped to Europe. Some buyers said offers were difficult to reach US $1,200 / ton (CFR Northeast Asia) or below the level.

Meanwhile, a supplier of Middle East cargo said that cargo tender with shipment in the second half of January would be started in next week.

Fibre2fashion News Desk

Must ReadView All

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

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

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Eamonn Tighe
Nature Works LLC

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sonam & Paras Modi
SVA

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Igor Chapurin
Chapurin

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search