Due to weak demand, the textile raw material industry is witnessing sluggish activity. Though the market picked up slightly after Golden Week holidays, the sce3nario has not seen major change. Prices of raw materials like ethylene and propylene have also been affected.
Market express of ethylene prices
Asia region ethylene prices:
Ethylene, CFR Northeast Asia, at US $1195-1200 per metric ton
Ethylene, CFR Southeast Asia, at US $1185-1190 per metric ton
Market express of propylene prices
Far East region propylene prices:
Propylene, FOB South Korea, at US $1065-1070 per ton
European region propylene prices:
Propylene (polymerization level), FD Northwest Europe, at Euro 911-921 per metric ton
Propylene (polymerization level), CIF Northwest Europe, at Euro 896-906 per metric ton
Fibre2fashion, News Desk - China