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Ethylene prices edge higher in Asia on Monday

Petrochemical industry | 08 Sep 2020 08:30 IST | Polymerupdate.com

On Monday, despite bearish upstream crude and naphtha values, ethylene prices edged higher in Asia. Reports of tight regional product avails supported the price gain.

CFR North East Asia ethylene prices were assessed up at the USD 785/mt levels, a gain of USD 10/mt from last Friday's assessed levels.

CFR South East Asia prices were higher at the USD 740/mt levels, a rise of USD 5/mt from last Friday.

In plant news, Formosa Petrochemical Corporation (FPCC), has shut its No.3 cracker on August 11, 2020, for a maintenance turnaround. The cracker is expected to remain off-line till end-September, 2020. Located at Mailiao in Taiwan, the No. 3 cracker has an ethylene production capacity of 1.2 million mt/year and propylene production capacity of 600,000 mt/year.

In other plant news, Sinopec Zhongyuan Petrochemical, is in plans to bring on-stream its cracker by mid-September 2020. The cracker was shut for a maintenance turnaround on August 1, 2020. Located at Henan in China, the cracker has an ethylene capacity of 220,000 mt/year and propylene capacity of 95,000 mt/year.
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