Home / Knowledge / News / Textiles / Naphtha markets look for cues

Naphtha markets look for cues

22
Sep '09
According to a report released recently, global crude oil is expected to show an oversupply situation next year. However, analysts point out that it does not mean oil prices will decline further.

There are many factors, which will prevent oil prices from slipping, like trend of the U.S. dollar, geopolitical and other external factors. In short term, crude oil futures price is expected to fluctuate within US $60-80 per barrel.

The report released by the US Department of Energy says that, China's domestic oil product market is still stagnant and most product categories are still showing downward trends and refining margins are under pressure.

Naphtha refineries in Shandong are experiencing consolidation, although a few individual manufacturers have adjusted their prices, the overall market is still within mainstream price range.

In Northwest region, shipment of naphtha resources have slowed down, due to lack of enthusiasm from refineries for producing the raw material and this situation is not expected to improve in the short term.

Currently overall demand cannot provide a strong impetus to the market and it will still take some time for downstream manufacturers and traders to consume existing inventories.

Taking all the above factors, current market trend will remain quiet for some more time and the market will continue to wait for emergence of some more cues, although there could be active under currents beneath the surface.

Fibre2fashion News Desk - China


Must ReadView All

Pic: University of Cambridge

Textiles | On 25th Aug 2019

Climate change to shrink GDP of all nations alike: study

Virtually all countries-rich or poor, hot or cold-will suffer...

Pic: Curve-Newyork

Textiles | On 25th Aug 2019

Curve sees over 250 leading intimate apparel brands

Over 250 leading intimate apparel brands showcased their products at...

Pic: Gap Inc

Apparel/Garments | On 25th Aug 2019

Gap Inc net sales down 2% to $4 bn in Q2 2019

Gap Inc, a global retailer offering clothing, accessories, and...

Interviews View All

Priyanka, Studio Priyanka Rajiv

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Vasanth Kumar, Max Fashion India

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Top executives, Textile industry

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Iacopo Pardini,

Iacopo Pardini

Founded in 1953, Italian engineering company Arioli Spa started...

Zafer Demirel,

Zafer Demirel

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

Martina Giorgetti,

Martina Giorgetti

Italy-based Cibitex is a manufacturer of textile finishing machinery,...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

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

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

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


August 2019

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

news category


Related Categories:

Advanced Search