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Spot ethylene prices slide in Asia due to thin demand

by ChemOrbis Editorial Team -
  • 12/08/2015 (18:06)
According to market sources, spot ethylene prices in Asia have fallen by around $110/ton week over week due to thin demand. Ethylene prices declined to around $980/ton CFR Northeast Asia this week.

The drop in Asian ethylene prices was attributed to market concerns stemming from sufficient supply as well as buyers staying on the sidelines due to weaker crude oil prices. Some players commented that ethylene prices may stabilize by the second half of September when multiple steam cracker shutdowns are planned in Asia.
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