Home / Knowledge / News / Textiles / Ethylene slides on buyer turning away in South East Asian

Ethylene slides on buyer turning away in South East Asian

29
Nov '05
Ethylene prices eased slightly lower last week across parts of Asia, owing to lower demand riding on the back of slower derivative PE sector that remained mostly passive.

CFR North Asian offers for ethylene were US $750/mt levels for December, a reasonable prices according to several industry insiders, given that producers of PE could break profits even if they were to offer HDPE for instance at a price of US $950/mt CFR.

A market source said that the existing gap between ethylene offers to North East of Asia, and the South East region needs to shrink.

There is a wide gap existing which is impeding activity in the South East region. Though offers to the region are at the $850/mt CFR levels and above, buyers are seeking cargo at the $780/mt CFR to $790/mt CFR levels, nearer the prices existing in the North East of Asia.

The road ahead the source revealed, which may become an exciting option for traders is an opportunity to send Asian cargo to the US.

Though, at present freight rates remain on the high, traders are wieghing out options carefully while also dealing with certain aprehensions on quality that the US markets perceive about Asian ethylene.

Once convinced, this could trigger a reversal in the slump that the Asian ethylene markets are currently experiencing.

But for now, ethylene continues its bear run in anticipation of a further price drop this week.


Interviews View All

Top executives, Textile industry

Top executives
Textile industry

GST has levelled the playing field to an extent

Evelyne Cholet, UCMTF

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Karan Toshniwal, Orange O Tec

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

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

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


December 2019

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


Advanced Search