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Asian ethylene drops last week due to ample availability
24
Nov '14
Ample of product availability coupled with weak downstream product prices led to Asian ethylene prices dropping down in Asia in the last week ending Nov 22.

In Korea, average prices slipped by US$ 35/ton or 2.09 per cent and were assessed at 1170/ton last week, as compared to its previous week ending Nov 15.

In Japan, average ethylene prices too descended by US$ 30/ton and were offered at US$ 1175/ton last week as against its previous week, a decline of 2.49 per cent.

In SE Asia also, average prices dipped by US$ 20/ton and were spotted at US$ 1235/ton last week, down 1.59 per cent from its previous week.

In the Indian market, average ethylene prices also fell by US$ 30/ton or 2.39 from its previous week and were offered at US$ 1225/ton last week.

Fibre2fashion News Desk - India

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