Home / Knowledge / News / Textiles / Ethylene prices firm due to tight supply

Ethylene prices firm due to tight supply

15
Apr '10
In the Asian ethylene markets on April 13, FOB Korea was quoted at US $1150-1200 per ton, essentially unchanged from last week. CFR Northeast Asia stood at $1200-1260 per ton, up $20 from last week and CFR South East Asia was $1150-1200/ ton, up $10-30 from last week.

Market prices of Asian ethylene spot were firm, mainly due to tight supply on account of ongoing maintenance of Japanese crackers. It was reported that, two new cracker plants in Southeast Asia are running their plants at 60-70 percent operational rates, which is in turn providing support to market price.

In the Northeast Asia market, offers for shipment in the second half of April and first half of May were $1260-1300 per ton (CFR Northeast Asia), but the baseline level of purchase intention stood at around $1200 per ton.

In the Southeast Asia ethylene spot market, prices were quoted at $1150-1200 per ton (CFR South East Asia) and some buyers were willing to pay $1200 per ton for purchasing cargo. Demand for shipment in the second half of April was steady, but supply was limited, sale intention was at $1250 per ton.

Fibre2fashion News Desk


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 7th Apr 2020

Holding cost will affect apparel manufacturers

That brands may eventually not scrap orders is not necessarily good...

Pic: reddees / Shutterstock.com

Apparel/Garments | On 7th Apr 2020

Commendable decision by international garment buyers

At a time when the world is passing through an unprecedented crisis...

Pic: Shutterstock

Apparel/Garments | On 7th Apr 2020

Over 40 apparel factories in Bangladesh resume production

More than 40 readymade garment (RMG) factories in Bangladesh's Savar, ...

Interviews View All

Vidhyaa Shankar. S, A Ganapathi Chettiar

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Top executives, Textile industry

Top executives
Textile industry

Technical textiles industry moving back to Europe

Sanjay Desai & Ashish Mulani, True Colors

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

John Elmuccio,

John Elmuccio

Evolution St Louis is a company setting up a high-tech knitting facility...

Vikas Banduke,

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Urmil Arya,

Urmil Arya

Sushila International, a well established textile organisation established ...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

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

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

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


April 2020

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


Advanced Search