Polymerupdate News - Ethylene prices climb in parts of Asia
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Ethylene prices climb in parts of Asia

Petrochemical industry | 20 May 2019 09:40 IST | Polymerupdate.com

Ethylene prices gained in some parts of Asia last week.

CFR North East Asia prices were assessed up at the USD 975/mt levels, a week on week rise of USD 15/mt. The price rise was attributed to higher upstream costs and constrained product availability in the region.

CFR South East Asia prices of ethylene were assessed steady at the USD 905/mt mark.

In plant news, Lanzhou Petrochemical has taken off-stream its No. 4 cracker for a maintenance turnaround in the last week of April 2019. The cracker is likely to remain shut for around 7 weeks. Located in Lanzhou, Gansu province of China, the No. 4 cracker has an ethylene production capacity of 460,000 mt/year and a propylene production capacity of 230,000 mt/year.
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