>>
Home / Knowledge / News / Textiles / Asian petrochemical markets expected to slow down in Oct

Asian petrochemical markets expected to slow down in Oct

25
Sep '09
Industry resources and analysts aver that, with National Day holidays just round the corner, a significant slowdown can be expected in sales of petrochemical goods, more so, to do with the continuous fall in prices of key petrochemical products.

Chinese National Day holidays will be from October 1 to 8 and the entire Chinese market will be closed in that period and the likelihood of a strong recovery in demand after the holidays, does not seem in sight, observe the experts.

Since July, Asian propylene prices fell for the first time below the psychological mark of US $1,000 per ton (CFR China), due to strong resistance from buyers before the holidays. Surplus floating stocks of propylene continues to increase.

While at the same time demand from downstream manufacturers of acrylonitrile, propylene oxide and phenol in downstream industries is projected to decline in October. Overall transactions of styrene-butadiene rubber (SBR) in Asian markets have also weakened.

Meanwhile, spot transactions of benzene and toluene in Asia market have fallen; because most of the demand has been covered by long-term contracts as the holiday are approaching.

Market participants say, they hope that the price has bottomed out and expect a price rebound after China's holidays. Over the past two weeks, toluene price (CFR China) has dropped by US $20-40 per ton to $760 per ton CFR China on Wednesday.

Market transactions of propylene glycol also have synchronized to a slow down, but price has shown an upward trend since August due to tight supply. Ex-factory price of propylene glycol in China was quoted at 10,300-10,500 Yuan per ton.

Fibre2fashion News Desk - China


Must ReadView All

Pic: Dreamstime.com

Apparel/Garments | On 22nd Jan 2022

Dhaka, Berlin sign €20.15-mn pact to improve RMG workers conditions

Bangladesh and Germany have signed an agreement to support five...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

UKVFTA brings positive results to bilateral trade: Vietnamese ministry

The recently effective UK-Vietnam FTA has led to positive outcomes,...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

Cambodia approves new projects worth $1.9 bn, including 2 garment ones

The Council for the Development of Cambodia has approved 10 projects...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Textile Industry, Head honchos

Textile Industry
Head honchos

Liquidity is a primary issue in Indian context

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Andrea Pelissero,

Andrea Pelissero

Located near Milan, Italy, and with 50 years of experience in the textile...

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Christopher Astley, INDA

Christopher Astley
INDA

<font face="Arial, sans-serif"><span style="font-size: 16px;">INDA,...

Frank Heislitz, Freudenberg Performance Materials

Frank Heislitz
Freudenberg Performance Materials

Freudenberg Performance Materials is a leading global manufacturer of...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Kamal Khushlani, Mufti

Kamal Khushlani
Mufti

Based out of Mumbai, Mufti is a men’s clothing fashion brand. In an...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

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

ESTEEMED CLIENTS

KAS Direct Sourcing
SYNERGIES HONG KONG LIMITED
Desigual - ABASIC, S.A.
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Asos
Tory Burch Hong Kong Ltd
Arvind Limited
Aquarelle Clothing Limited
Maceton Limited
KIABI
Walmart
BIMBA ;& LOLA SL
Lacoste (Wanchai)
International Textile Manufacturers Federation
Phong Phu international JSC (PPJ)
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Midas Clothing Limited
THE BOMBAY DYEING ;& MFG.CO. LTD
Guess Europe Sagl,
The Top Form Brassiere Manufacturing Company Limited
Gokaldas Exports Limited
C;&A Sourcing International Ltd
SHAHI Exports Pvt Ltd
Grasim Industries Limited
Brandix Lanka Limited
IKEA of Sweden AB
Etam Group Strategy Hong Kong Limited
T.T. Limited
Restoque S.A.
Target Corporation (MN)
Alix Partners
Rosset ;& Cia Limited
Hirdaramani International Export Private Limited
BIANCA
Amazon China
Puma
Sportmaster Ltd.
Gatsby Africa
Reiter India Private Limited
Benetton Group
John Varvatos
Chori Company Limited
Rayonese Textile Inc., Division de Culp Inc.
OVS Hong Kong Sourcing Ltd.
MAS Active / MAS Kreeda / MAS Bodyline
Gap International Sourcing Limited
Lisa S.P.A.
Eastman Chemical Company
Cat Tuong Real Estate Group Joint Stock Company
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Tommy Hilfiger
Boardriders Asia Sourcing Limited
Vianney Textil Hogar S.A. De C.V.
Permoda(Koaj/Armi/Pronto/Bkul)
Sateri (Jiujiang) Fiber Co.,Ltd
Helly Hansen Far East Ltd
Decathlon
Sportswear Company Spa
Varner AS Retail
NITI Aayog
Page Industries Limited (Bangalore)
Seasalt Limited
Splash
TESCO INTERNATIONAL SOURCING LIMITED
Hela Clothing Pvt Ltd
Groz-Beckert East Asia LLP
Recron Polyester from Reliance Industries Limited
Alison Hayes Romania
Tchibo GmbH
Green Fibre
The LYCRA Company Singapore  Pte. Ltd
Aramark Uniform ;& Career Apparel, LLC
Babyshop
J ;& P Coats
G-Star Raw C.V.
Gloria Jeans
Lululemon Athletica Inc
Landmark Group
Lenzing Aktiengesellschaft
Huntsman (Singapore) Pte Ltd
Vardhman Textile Ltd
Abit
IDH – The Sustainable Trade Initiative
Bluestem Global Sourcing Limited
Sainsbury's Argos Asia Limited
Truetzschler India Private Limited
Calvin Klein
Chico’ FAS
LC Waikiki
PVH Corporation

January 2022

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


Advanced Search