Ethylene prices slip in Asia

Ethylene prices edged lower in the Asian region last week. A sluggish purchase momentum coupled with ample regional product availability contributed to the price fall. A drop in upstream energy values further supported the pricing downtrend.

On Friday, FOB Korea ethylene prices were assessed at the USD 745-755/mt levels while FOB Japan ethylene prices were assessed at the USD 740-750/mt levels, both lower by USD (-20/mt) from the previous week.

CFR North East Asia ethylene prices were assessed at the USD 780-790/mt levels while CFR South East Asia ethylene prices were assessed at the USD 775-785/mt levels, both declined by USD (-20/mt) from last week.