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Ethylene prices decline on Sept 03
04
Sep '08
Hurricane Gustav has been one of the reasons for drop in the crude prices, which in turn has affected ethylene prices across the world.

Ethylene prices showed a descending trend for almost all the importing countries on September 9 due to recent plunge in the crude prices. Prices quoted for Asian, Far Eastern, European, and for The US market showed a steep plunge in comparison to the last week.

Ethylene prices in Asia region:

Ethylene, CFR Northeast Asia, at US $1300-1305 per metric ton.
Ethylene, CFR Southeast Asia, at US $1280-1285 per metric ton.

Ethylene prices in Far East region:

Ethylene, FOB South Korea, at US $1300 per metric ton.
Ethylene, FOB Japan, at US $1290 per metric ton.

Ethylene prices in Europe:

Ethylene, FD Northwest Europe, at Euro 1000-1005 per metric ton.
Ethylene, CIF Northwest Europe, at US $1500-1510 per metric ton.

Price in the United States:

Ethylene, FAS Houston, at US cent 52.000-53.250 per pound.

Fibre2fashion News Desk - China

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