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Ethylene prices slip in Asia

Petrochemical industry | 20 Jun 2022 08:30 IST | Polymerupdate.com

Last week, ethylene prices declined in Asia.

An industry source in Asia requesting to remain unidentified informed a Polymerupdate team member, “The price fall was prompted by persistent bearish buying sentiments and plentiful product availability.”

The source added, “Sluggish downstream PE demand and pricing trends further pressured prices lower.”

On Friday, CFR North East Asia ethylene prices were assessed at the USD 985-995/mt levels, a fall of USD (-20/mt) from the previous week. FOB Korea ethylene prices were assessed at the USD 1025-1035/mt CFR levels, a week on week decrease of USD (-30/mt) from the previous week.

CFR South East Asia ethylene prices were assessed at the USD 1095-1105/mt levels, a plunge of USD (-50/mt) from the previous week.

In plant news, Lotte Chemical is currently operating its 1.1 million mt/year cracker in Daesan, South Korea at 100% of production capacity levels. It was operating at lower rates in early 2022.
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