Home / Knowledge / News / Textiles / Price trends of ethylene & its derivatives weaken

Price trends of ethylene & its derivatives weaken

07
Jul '10
In the just concluded week, Asian ethylene market weakened. However, the unexpected maintenance of a polyethylene plant with a capacity of 600,000 tons / year in Singapore caused some sales of spot cargo.

Ethylene price remained stable at the psychological level of US $900 / ton (CFR Northeast Asia), but some industry sources say the market may not have bottomed out, as operating rate of Asian naphtha crackers is still higher than 90 percent.

Price drop of upstream naphtha and crude oil makes buyers cautious; most suppliers in the region prefer to sell cargo at formula price, as spot market price is too low at present.

Widening spread between Northeast Asia and Southeast Asia has triggered a number of arbitrage opportunities. 3,000 tons of cargo with shipment in the second half of July was sold in Northeast Asia at $900/ ton (CFR).

However, Chinese import demand is expected to increase by the end of July, as plastic manufacturers will replenish stocks in preparation for production season in August.

Derivative market prices generally lowered in the week. High-density film grade polyethylene fell $10-30 to $1020-1070/ ton (CFR China). MEG prices fell $10-15 to $700-710 / ton (CFR China). Styrene price fell $30, to US $990-1010 / ton (CFR China). PVC price fell $10, to US $840-860 / ton (CFR China).

In the Northeast Asia market, spot price of ethylene ranged between $900-910/ ton (CFR Northeast Asia) in the week. In FOB Northeast Asian market, 3000-5000 tons of cargo for shipment in July was traded at $850 / ton (FOB China), but has not yet been confirmed.

In Southeast Asia, ethylene spot market prices fell $65-70 to $800-850 / ton (CFR South East Asia). Sales intention was about $850/ ton (CFR South East Asia) in the week, while purchase intention was $800/ ton.

Fibre2fashion News Desk


Must ReadView All

Pic: Shutterstock

Textiles | On 10th May 2021

India & EU to resume trade negotiations; consider investment pact

India and European Union (EU) have agreed to resume negotiations for...

Pic: Shutterstock

Apparel/Garments | On 10th May 2021

UK retailers halved carbon emissions since 2005: BRC

Leading UK retailers have smashed 2020 carbon reduction targets, with ...

Pic: Authentic Brands Group / Eddie Bauer

Fashion | On 10th May 2021

ABG & SPARC to acquire American outdoor brand Eddie Bauer

Authentic Brands Group (ABG), a global brand owner, marketing and...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head honchos

Textile Industry
Head honchos

One thing is certain, online sales will go up

Textile Industry, Head honchos

Textile Industry
Head honchos

Verticals like fast fashion won’t completely adopt personalisation on...

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Chendhuran Sundar,

Chendhuran Sundar

It manufactures and retails menswear garments in India under the brand...

Nantas Montonati,

Nantas Montonati

The Riri Group is a one-stop supplier of metal accessories for the luxury...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

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

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

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


May 2021

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


Advanced Search