Home / Knowledge / News / Textiles / Spot price of Asian ethylene still at 8-month high
Spot price of Asian ethylene still at 8-month high
25
Jan '11
Despite the slow buying in the past week, most of the end-users of ethylene already had their demand for February cargo satisfied, but spot price of Asian ethylene still continued to be at a eighth-month high point.

Ethylene valuation in Northeast Asia widely ranged between US $1230-1260/ton (CFR Northeast Asia), reflecting the higher trade level as well as offers and bids in the week.

Spot price in the local market of Southeast Asia rose US $10-20. Most of the end-users had their demand satisfied, spot market appeared tepid.

In FOB Southeast Asia market, a local cargo of 3,000 tons was sold at US $1,125/ton, the cargo was expected to be shipped to the north, market sources said.

The delivery of contract cargo from Qatar may be delayed, partly because of the ongoing maintenance of ethane cracker with a capacity of 1.30 million tons/year at Ras Laffan for technical problems, though the plant has not yet given any official explanation on supply.

Traders in other markets, however, said that other Middle Eastern firms would balance the market supply. Some traders are building stocks so as to ensure supply of spot cargoes, as they anticipate that prices are likely to rise in early February after the Chinese New Year holidays.

Most of the crackers are likely to enter maintenance season. At least 6 cracking plants are expected to undergo maintenance in March and April.

In the downstream market, high-density film level polyethylene rose US $10-20 to US $1300-1360/ton (CFR China).

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Dinaz Madhukar
DLF Emporio and DLF Promenade

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

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

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 ...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

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
Sustainability?

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



X