Ethylene, the most produced organic compound in the world, is considered to be one of the important raw materials in textiles and organic chemical industry. It is an inflammable, colourless gaseous alkene, obtained from petroleum and natural gas.
Ethylene prices, on February 27, showed fluctuating trend. Prices for all the regions took a plunge as against last week.
Asia region ethylene prices:
Ethylene, CFR Northeast Asia, at US $1290-1300 per metric ton.
Ethylene, CFR Southeast Asia, at US $1170-1180 per metric ton.
Far East region ethylene prices:
Ethylene, FOB Korea, at US $1350 per metric ton.
Ethylene, FOB Japan, at US $1350 per metric ton.
Europe ethylene prices:
Ethylene, FD Northwest Europe, at Euro 1006-1010 per metric ton.
Ethylene, CIF Northwest Europe, at US $ 1395-1405 per metric ton.
Fibre2fashion News Desk - China