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Ethylene prices firm up in Asia

Petrochemical industry | 17 Jul 2021 08:30 IST | Polymerupdate.com

This week, ethylene prices marched higher in Asia. The price rise was supported by high upstream naphtha values and improved regional buying sentiments.

Limited product avails and stronger downstream PE pricing trends further pushed prices higher in Asia.

On Friday, CFR North East Asia ethylene prices were assessed at the USD 1000-1005/mt levels, a gain of USD (+20/mt) from last week.

CFR South East Asia prices were assessed at the USD 960-965/mt levels, a sharp week on week rise of USD (+30/mt).

In plant news, Yansab has undertaken an unplanned shutdown at its cracker, on July 11, 2021. The cracker is expected to remain shut for around 10-12 days. Located in Yanbu, Saudi Arabia, the cracker has an ethylene capacity of 1.38 million mt/year and a propylene capacity of 400,000 mt/year.

In other plant news, Lotte Chemical has shut its cracker partially on July 1, 2021 owing to a technical glitch. Further details on the duration of the shutdown could not be ascertained. Located at Yeosu, South Korea, the cracker has an ethylene capacity of 1.2 million mt/year and propylene capacity of 665,000 mt/year.

Formosa Petrochemical Corporation (FPCC) restarted its No.1 cracker, on July 15, 2021 following a maintenance turnaround. The cracker was shut on June 8, 2021. Located at Mailiao in Taiwan, the No. 1 cracker has an ethylene production capacity of 700,000 mt/year and propylene production capacity of 360,000 mt/year.
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