Home / Knowledge / News / Textiles / Propylene prices fall, as inventories rise

Propylene prices fall, as inventories rise

16
Apr '10
US market prices of propylene have fallen by 6 percent in the past week, as demand for its monomer reduced. Prices of refinery grade propylene (RGP) on April 13 stood at 52.50 cents / pound (US $1,157 / ton) extended the declining trend from April 5 when the price fell to 56.00 cents / pound.

Market participants also pointed out that steady supply was another factor behind price decline. As of April 2, weekly RGP stock in the United States rose nearly 8 percent over a week ago to 2.349 million barrels, reflecting that the operating rate of US refineries steadily grew in recent weeks.

According to data from the U.S. Energy Information Administration (EIA), as of April 2, refinery capacity rate averaged at 84.5 percent in the week, while it was 82.6 percent in the previous week, and 80.5 percent in mid- March.

RGP is main source for production of chemical propylene (CGP) and polymer grade propylene (PGP). 60 percent of propylene production in the US came from refinery grade propylene in 2009.

Fibre2fashion News Desk


Must ReadView All

Pic: Shutterstock

Textiles | On 28th Mar 2020

Worldwide lockdowns, stimulus shots, raised PPE production

The global response this week to the unfolding COVID-19 crisis saw...

Pic: Shutterstock

Apparel/Garments | On 28th Mar 2020

Vietnam may outdo Bangladesh as 2nd largest RMG exporter

Though Bangladesh is now the second-largest garment exporter...

Pic: Shutterstock

Textiles | On 28th Mar 2020

Morgan Stanley rules out economic depression

With COVID-19 badly damaging the global economy, Morgan Stanley...

Interviews View All

Subhashini Srinivasan, The S Studio

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Top executives, Textile industry

Top executives
Textile industry

RoSCTL is need of the hour

Hannah Lane, Redress

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Rushiraj Mulani,

Rushiraj Mulani

The Shradhdha Group of companies was established in 2010 and is based out...

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

DP Kumar,

DP Kumar

Weaves is South India's premier textile fair organised by Texvalley in...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Aneeth Arora, Péro

Aneeth Arora
Péro

The Woolmark Company has partnered with handmade fashion label Péro and...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

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

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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


March 2020

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


Advanced Search