Home / Knowledge / News / Textiles / Spot ethylene prices up on rumours of delay in deliveries
Spot ethylene prices up on rumours of delay in deliveries
15
Feb '11
In the just concluded week, spot market price of ethylene rose due to a narrowed spread between Southeast and Northeast Asia, caused by limited supply from the Middle East. Rumors of delay / reduction of supply under some cargo contracts also pushed up prices.

Recent failure of crackers in Europe also caused local prices to move higher, which in turn attracted more cargo. It is expected that 9000 tons of cargo for shipment in the second half of February will be transported to the Western market from the Middle East.

But Northeast Asian market was relatively quiet, because traders have just returned from the New Year holidays. Spot demand was weak, as some end-users have completed their demand till March. Some Chinese crackers are going to shut down for maintenance, recent increase of interest rate by the Chinese government has also brought caution to the market

In Northeast Asia, ethylene spot price rose US $20-30 to US $1280-1320 / ton (CFR Northeast Asia).

In Southeast Asia, ethylene spot price grew US $100-110 to US $1250-1300 / ton (CFR South East Asia), due to limited supply and rumors of delayed supply under cargo contracts from the Middle East, which prompted buyers to look for higher priced spot cargoes.

In the downstream market, price of high-density film grade polyethylene slightly rose US $10 to US $1310-1360/ ton (CFR China). MEG price rose US $50-60 to US $1250-1280 / ton (CFR China).

Fibre2fashion News Desk


Must ReadView All

AEPC concern over apparel exports fall; envoys meet CEA

Apparel/Garments | On 17th Nov 2017

AEPC concern over apparel exports fall; envoys meet CEA

India’s Apparel Export Promotion Council (AEPC) has expressed concern ...

Moody's improves India's rating

Textiles | On 17th Nov 2017

Moody's improves India's rating

Moody's Investors Service has upgraded the Indian Government’s local...

Sweden in talks with Birlas for smart textiles project

Textiles | On 17th Nov 2017

Sweden in talks with Birlas for smart textiles project

Sweden is seeking a collaborative project with the Aditya Birla Group ...

Interviews View All

Top executives
Textile industry

The foremost issue is bridging the skill gap

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Suresh Patel
Sidwin Fabric

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

Paolo Ocleppo
Sandvik Hyperion

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

Larry L Kinn
Suominen Corporation

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Mike Hoffman
Gildan Activewear SRL

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, 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

November 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

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

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

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

Yes No

Active Poll

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

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

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

Active Poll

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

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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