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Spot ethylene prices soar 46% amid reduced supply in Europe

by ChemOrbis Editorial Team -
  • 18/05/2020 (15:55)
In Europe, spot ethylene market soared more than 46% over the last week, mainly due to the unplanned outage at Borealis’ Sweden cracker .

Borealis reportedly declared a force majeure on output from its Stenungsund cracker after a fire broke out. This put an upward pressure on ethylene prices as the cracker has an ethylene production capacity of 625,000 tons/year.

Following the news, spot ethylene prices jumped by around €130/ton to be reported at €410/ton FD NWE at the end of last week. According to ChemOrbis Price Wizard, spot ethylene prices seem to be back to their mid-April levels following the drastic jump.

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