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High demand fails to stabilize ethylene prices
31 Jul '08
1 min read
Although demand for ethylene has gained momentum in the international market, prices are going down due to plunge in crude oil prices. Ethylene prices showed a fluctuating trend for almost all the importing countries on July 30.
Prices quoted for Asian, and US market showcased a down fall; where as for the European and Far Eastern region market indicated stability compared to the previous week.
Ethylene prices in Asia region:
Ethylene, CFR Northeast Asia, at US $1550-1560 per metric ton.
Ethylene, CFR Southeast Asia, at US $1540-1550 per metric ton.
Ethylene prices in Far East region:
Ethylene, FOB South Korea, at US $1650 per metric ton.
Ethylene, FOB Japan, at US $1650 per metric ton.
Ethylene prices in Europe:
Ethylene, FD Northwest Europe, at Euro 1215.00-1220.00 per metric ton.
Ethylene, CIF Northwest Europe, at US $1826.00-1836.00 per metric ton.
Price in the United States:
Ethylene, FAS Houston, at US cent 53.125-53.375 per pound.
Prices quoted for Asian, and US market showcased a down fall; where as for the European and Far Eastern region market indicated stability compared to the previous week.
Ethylene prices in Asia region:
Ethylene, CFR Northeast Asia, at US $1550-1560 per metric ton.
Ethylene, CFR Southeast Asia, at US $1540-1550 per metric ton.
Ethylene prices in Far East region:
Ethylene, FOB South Korea, at US $1650 per metric ton.
Ethylene, FOB Japan, at US $1650 per metric ton.
Ethylene prices in Europe:
Ethylene, FD Northwest Europe, at Euro 1215.00-1220.00 per metric ton.
Ethylene, CIF Northwest Europe, at US $1826.00-1836.00 per metric ton.
Price in the United States:
Ethylene, FAS Houston, at US cent 53.125-53.375 per pound.
Fibre2fashion News Desk - China
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