Spot ethylene prices jump further in Asia
by ChemOrbis Editorial Team - content@chemorbis.com
Spot ethylene prices have sustained the upturn this week in Asia, according to players in the region. They have been firming steadily since mid November following a downturn that kicked off in late August.
Asian ethylene prices were reported to stand at $1135/ton CFR NE Asia as of Friday, with a $75/ton increase from the beginning of December.
A similar increase can be seen in ethylene on CFR SE Asia basis. Asian spot ethylene prices were reported to stand at $970/ton CFR SE Asia as of Friday, with a $60/ton increase from the beginning of December.
The increases both on CFR NE Asia and CFR SE Asia basis were recorded in the last two days.
This jump in spot ethylene prices was attributed to the continuing demand from Chinese styrene producers due to the ongoing tightness for this product since mid November, which took CFR China styrene prices up around $70 on a weekly basis.
Asian ethylene prices were reported to stand at $1135/ton CFR NE Asia as of Friday, with a $75/ton increase from the beginning of December.
A similar increase can be seen in ethylene on CFR SE Asia basis. Asian spot ethylene prices were reported to stand at $970/ton CFR SE Asia as of Friday, with a $60/ton increase from the beginning of December.
The increases both on CFR NE Asia and CFR SE Asia basis were recorded in the last two days.
This jump in spot ethylene prices was attributed to the continuing demand from Chinese styrene producers due to the ongoing tightness for this product since mid November, which took CFR China styrene prices up around $70 on a weekly basis.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Stats: Türkiye’s cumulative polymer imports hit 3-year low in Jan-Sept
- PP, PE markets torn between firmer monomers and poor dynamics in Europe
- Peak season closes with modest PP, PE gains in China, except for LDPE’s strong stand
- India finally announces ADD on S-PVC imports: What’s in store for subject countries?
- Turkish PE players hunt for signs of a market bottom amid pending Nov offers
- Freight rates rise after prolonged slump; is this rebound here to say or just a dead cat bounce?
- India’s PVC price range narrows as low-end Chinese offers fade amid ADD speculation
- Slump deepens in European plastics recycling industry
- SE Asia’s PPH regains premium over China after 3 weeks
- Stats: China rapidly expands its share in SE Asia’s PP markets
