Spot ethylene prices in Asia and Europe have been sustaining their downturn since the second half of August amid ample supply and thin buying interest. On the other hand, the US markets have seen prices mostly stable due to limited activity.
Spot styrene prices in Asia and Europe have mostly followed a downward trend since August. According to ChemOrbis Price Wizard, the weekly average prices have plummeted to their lowest in 6 months in Asia while European values hit a 3-month low this week.
In Europe, the downward trend in the spot PET market that kicked off by around mid-September has been extended into October. October deals have been closed with decreases of €40-50/ton while cumulative decreases have reached up to €80/ton since September