Home / Knowledge / News / Textiles / Asian spot propylene price continues to rise
Asian spot propylene price continues to rise
Feb '11
During the past week, Asian propylene price continued to rise in spot market, because sellers increased offers on expectation of tight supply situation. Cracker overhauling is expected to begin by the end of this month, which will lead to tight supply.

Traders remain bullish towards market outlook, as more than 11 sets of crackers will shut down for maintenance in the first half of this year. Equipment maintenance programs are mainly concentrated in March and April.

In addition, downstream manufacturers of derivative products are still enjoying robust profits in production; therefore, they can withstand higher cost of propylene. New factories in China will start operation soon; they are expected to absorb some spot cargoes.

After the Chinese government raised interest rate on February 8, buyers became cautious, China's domestic price was still lower than imported propylene price, and it made buyers hesitant. Price rose sharply on February 9 to US $1450 / ton (CFR Northeast Asia) or higher, but most buyers were still sitting on the sidelines. PP producers said rising cost of propylene squeezed their profits.

Propylene spot price increased by $40-70 to $1410-1450 / ton in Northeast Asia (CFR Northeast Asia). In the Chinese market, propylene price remained stable at 10,750 Yuan / ton (ex-warehouse in Shandong). Spot price in east China also remained stable at 10500-10600 Yuan / ton (ex-warehouse).

Propylene spot price jumped about $100 to $1400-1440 / ton in Southeast Asia (CFR South East Asia), price differential narrowed with Northeast Asian market, as equipment maintenance will start soon, which will lead to supply shortage.

In FOB Southeast Asian market, a number of spot cargoes with shipment in mid-February were sold at $1,330 / ton (FOB Thailand). At present, sales intention rose to $1,350 / ton (FOB South East Asia).

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Rajiv Sirohi

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

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

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...

Ashok Desai
Bombay Textile Research Association

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor 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


Letter To Editor

(Max. 8000 char.)

Search Companies

April 2017

April 2017

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


Browse Our Archives


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