Home / Knowledge / News / Textiles / Asian naphtha price takes a down turn

Asian naphtha price takes a down turn

24
Apr '08
This Tuesday, Asian naphtha price fell from the previous day, when it touched a record high, but this price rise directly affected crack spread and spot prices.

Open specification naphtha contract for the first half of June fell US $1.75 to touch $969.00 per ton. Glencore sold one cargo to Trafigura at $968.00 to be shipped during the second half of June. Naphtha cracker spread fell $1.90 to $112.65 per ton.

Formosa Plastics Petrochemical procured one naphtha cargo from spot market for shipment of the second half of June. The prices are short by $2.50-3.00 per ton from Japanese spot market, reflecting bearish atmosphere in the market. But dealers said that cargo price for the second half of June should be able to rebound, due to major petrochemical manufacturers would look for supplies to meet requirements.

Fibre2fashion News Desk - China


Must ReadView All

Pic: Shutterstock

Retail | On 31st Oct 2020

Consumer brands should REBOOT businesses: FICCI-Deloitte

Consumer brands should 'REBOOT' their businesses in view of the...

Pic: Dyecoo

Textiles | On 31st Oct 2020

Dyecoo & DuPont launch sustainable dyeing process

DuPont Biomaterials and DyeCoo, specialising in the development of...

Pic: Shutterstock

Apparel/Garments | On 31st Oct 2020

Lululemon 4th in Top 40 Most Valuable Canadian Brands list

Vancouver-headquartered athletic apparel brand Lululemon Athletica...

Interviews View All

Headhonchos, Indian fashion industry

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Top executives, Textile industry

Top executives
Textile industry

Denimsandjeans India 2018

Top executives, Textile industry

Top executives
Textile industry

GST has levelled the playing field to an extent

Yash Jain & Sanjeev Jain,

Yash Jain & Sanjeev Jain

Divyam Export, launched about 30 years ago, exports to 15 countries,...

Angelo Leung,

Angelo Leung

Guangdong Asiatex Textiles provides international and domestic apparel...

Zafer Demirel,

Zafer Demirel

Turkey's Canlar Mechatronics is a leading designer and manufacturer of...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

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

Leave your Comments


October 2020

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


Advanced Search