Home / Knowledge / News / Textiles / Asian naphtha prices crash
Asian naphtha prices crash
19
Mar '11
Owing to the Japan crisis, Asian naphtha prices have tumbled from last week's $1,000 per ton to $880-890 per ton this week, which is expected to ease the anxiety of downstream users.

The crash in naphtha prices has lead to a significant drop in the raw material cost for the petrochemical producers, who use naphtha as a feedstock for producing mainly ethylene, polyethylene and related polymers.

The downstream petrochemical producers believe that a decline in the naphtha prices may result in a fall in the polymer prices, but it may take some time.

Next to the United States and China, Japan is the third-biggest importer of crude and biggest importer of naphtha. Thus, with crisis like situation in Japan, the crude prices too had plummeted from $105 per barrel on Nymex to $97.18 per barrel.

An oil analyst said that, naphtha generally costs nine times more than crude. He further added that, as the news of Japan temporarily closing down 29 percent of its refineries have overshadowed the news of West Asia turbulences, and this too has lead to a drop in the naphtha and crude prices.

Indeed, experts hold a view that, reduction in industrial activity may prevail over the West Asia unrest and lead to a further fall in the crude and naphtha prices.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Eamonn Tighe
Nature Works LLC

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Paolo Ocleppo
Sandvik Hyperion

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner
Devereux

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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:
July 2017

July 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