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Ethylene prices in Asia march higher

Petrochemical industry | 09 Mar 2018 09:00 IST |

Ethylene prices firmed in Asia on Thursday. Prices were seen rising from Wednesday’s assessed levels, riding higher on the back of persistent tight product availability owing to planned and unplanned cracker shutdowns.

CFR North East Asia prices of ethylene were assessed up at the USD 1295/mt levels, a day on day gain of USD 15/mt.

CFR South East Asia prices of ethylene were assessed higher at the USD 1225/mt levels, a rise of USD 15/mt from Wednesday’s assessed levels.

In plant news, LG Chem has undertaken an unplanned shutdown at its cracker on March 6, 2018, owing to a power failure. It could not be ascertained as to when the cracker would restart. Located at Yeosu in South Korea, the cracker has an ethylene capacity of 1 million mt/year and propylene capacity of 500,000 mt/year.

In other plant news, Showa Denko has shut its ethylene cracker on March 8, 2018 for a maintenance turnaround. The cracker is expected to remain shut for around 40 days. Located in Oita, Japan, the cracker has an ethylene production capacity of 690,000 mt/year.
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