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Ethylene price plummets further
16
Oct '08
The condition in the ethylene market worsens as prices continue to decline further on October 15. Prices for most importing regions like Asia, Far East, Europe, and the US, showed a considerable plunge compared to earlier week. Experts are of the opinion that this slow-down in ethylene prices is the result of plummeting crude oil prices.

Ethylene prices in Asia region:

Ethylene, CFR Northeast Asia, at US $790-800 per metric ton.
Ethylene, CFR Southeast Asia, at US $790-800 per metric ton.

Ethylene prices in Far East region:

Ethylene, FOB South Korea, at US $756 per metric ton.
Ethylene, FOB Japan, at US $754 per metric ton.

Ethylene prices in Europe:

Ethylene, FD Northwest Europe, at Euro 745-750 per metric ton.
Ethylene, CIF Northwest Europe, at US $990-1000 per metric ton.

Price in the United States:

Ethylene, FAS Houston, at US cent 32.375-32.625 per pound.

Fibre2fashion News Desk - China

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