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Ethylene prices slide in Asia

On 26 February 2018 at 09:00 IST

Ethylene prices tumbled in Asia last week. Weaker buying trends and plentiful product availability together pressured ethylene prices lower across the Asian region.

On Friday, FOB Korea prices of ethylene were assessed down at the USD 1185/mt levels, a steep drop of USD 55/mt from the previous week.

CFR North East Asia prices of ethylene were assessed lower at the USD 1225/mt mark, a week on week plunge of USD 70/mt.

CFR South East Asia prices were assessed down at the USD 1185/mt levels, a drop of USD 20/mt on the week.

In plant news, CPC Corp is presently operating its No. 4 cracker to full production capacity levels. The cracker was operating at lower capacity levels in early February owing to a technical glitch. Located in Linyuan, Taiwan, the No.4 cracker has an ethylene capacity of 380,000 mt/year and propylene capacity of 193,000 mt/year.

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