Asia's propylene cash margins turned negative early Thursday after four months in the black, crushed by soaring crude oil and naphtha prices. At 0348 GMT naphtha-based propylene margins were negative by $29.50/mt, based on a naphtha cost of $542/mt CFR Japan, propylene value of $762.50/mt FOB South Korea and a ...

Following are selected highlights from a report issued by a U.S. Department of Agriculture attache in Pretoria: "Seed cotton production in Zimbabwe decreased by 6.25 percent from 224,000MT in 2008 to an estimated 210,000MT in 2009. Lint production in MY 2009/10 is expected to reach 98,400MT of which lint exports are ...

China’s new ethylene capacity would likely grow 82% to 17.84m tonnes/year over the next three years with the help of the fiscal stimulus package dedicated to the petrochemical sector, industry sources said on Tuesday. The additional capacity will come from five new crackers and six cracker expansions projects that would be ...

The Alexandria Cotton Exporters' Association (Alcotexa) said on Sunday it had committed to sell 462 tonnes of cotton in the week that ended on May 30. The sales comprised 175 tonnes of Giza 88 and 287 tonnes of Giza 86, an official from Alcotexa told Reuters. The new commitment brings Alcotexa's export ...

Cotton prices jumped to a six-month high as a worldwide equity rally eased concern that demand may slow, while soaring soybean values increased the chances that U.S. farmers will plant less cotton. The Dow Jones Industrial Average rose as much as 3 percent to an 11-week high, signaling a quicker end ...

Cotton prices rose to an eight-week high in New York on signs that U.S. exports may increase and as soybean prices climbed, boosting the incentive for farmers to plant less fiber for a third straight year. The U.S., the biggest cotton exporter, may ship 12.33 million bales in the year ending ...

The Cotton Association of India (CAI) has revised India’s cotton export estimates down at 4 million bales for the cotton year 2008-09. Earlier, the cotton body had pegged cotton exports from the country at 5 million bales. According to ...

Like its Australian counterpart, New Zealand’s small Merino wool industry has its share of troubles, but not everybody is hurting. The determination of a few New Zealanders to overcome the flaws of the wool auction system, and the Kiwi genius for marketing, means their Merino wool punches well above its weight ...

Cotton prices in Punjab and Haryana have spiralled by up to 13 per cent in the last one month on account of rising demand from the local spinners. Prices of cotton yarn have also inched up by 13-14 per cent in the same period and this has helped spinners protect ...

KARACHI: The market revitalised on back of growing demand by leading consumers while passing through correctional phase during the week, traders at the Karachi Cotton Association (KCA) said Saturday. They said trading activities gained momentum as buyers focused to buy lint of all qualities amid firm physical prices. A senior trader ...