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Ethylene prices down adjust in parts of Asia on Thursday

Petrochemical industry | 18 Oct 2019 09:30 IST | Polymerupdate.com

On Thursday, ethylene prices declined in some parts of Asia.

CFR North East Asia ethylene prices, were assessed down at the USD 730/mt levels, a day on day drop of USD 10/mt. The price fall, was mainly on account of plentiful product availability and weaker buying sentiments in key markets like China. Bearish downstream PE demand trends, further supported the price drop.

CFR South East Asia prices, were assessed steady at the USD 780/mt levels.

In plant news, Formosa Petrochemical Corporation (FPCC), restarted its No. 2 cracker, on October 7, 2019. The cracker was shut owing to technical issues in mid-August, 2019. Located at Mailiao, Taiwan, the No. 2 cracker has an ethylene production capacity of 1.03 million mt/year, propylene production capacity of 520,000 mt/year and butadiene production capacity of 162,000 mt/year.

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