Home / Knowledge / News / Textiles / Ethylene contracts expected to decline further

Ethylene contracts expected to decline further

07
May '10
According to reports, the downward pressure on spot prices of ethylene caused the settlement price of April contract in the United States to fall down by 3 cents per pound (US $66 per ton or €50 per ton).

According to ICIS price, the settlement price of April ethylene contract in the United States was 52.50 cents per lb and the price declined for the first time since July 2009.

Spot ethylene price in the United Stated was 42.00-47.25 cents / lb at the end of April, down 36.5 percent from the average price of 67.50-73.00 cents / lb in early April.

Market participants say that May contract price of ethylene will continue to decline, because the spot market continues to face pressure. Spot price of May delivery ethylene was 42.00 and 43.00 cents / pound on Tuesday.

June contracts were traded at 40.00 cents / lb. Market source say that May contract is expected to decline by another 6 or 7 cents / pound.

Fibre2fashion News Desk


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 1st Apr 2020

Indian ministry asks over 10 manufacturers to produce PPE

The Indian health ministry has asked over 10 domestic manufacturers...

Pic: Shutterstock

Apparel/Garments | On 1st Apr 2020

Five more brands not to cancel export orders to Bangladesh

Five more global fashion brands-three European and two North...

Pic: Venturelli Luca / Shutterstock.com

Retail | On 1st Apr 2020

H&M to take goods already manufactured, assures suppliers

Swedish retail giant H&M recently assured its garment suppliers of...

Interviews View All

Sunil Rathore, Lacoste India

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Textile industry, Head honchos

Textile industry
Head honchos

RCEP was always going to be a double-edged sword

Kaizad Hansotia, GetNatty

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Priyanka Salot,

Priyanka Salot

The Sleep Company was established to upgrade the sleep quality of every...

Ken Butts,

Ken Butts

The mission of Swiss company Datacolor is to empower its customers to make ...

Luca Formentini,

Luca Formentini

From the very beginning, Loris Bellini's aim was to produce dyeing...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

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

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

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

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