Ethylene price up in Asia & Europe, stable in US last week

Prices went up in Asia due to tight product availability in the region. Firmer upstream energy prices supported the price rise.

In F E Asia, average prices were at US$ 1395/ton last week, up by 1.45% when compared with US$ 1375/ton in its previous week.

In S E Asia, average prices were assessed at US$ 1425/ton last week, a rise of 0.83% as compared to US$ 1415/ton in its previous week.

In European market, average prices went up by 0.94% to US$ 1295/ton as compared to US$ 1285/ton in its previous week.

In the European domestic market, average prices went up by 1.87% at € 1035/ton last week as compared to € 1015/ton in its previous week.

In US, prices stayed stable at 56 cents/pound in week ending June 28.

Fibre2fashion News Desk - India