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Ethylene prices plummet further
06
Nov '08
Experts show their genuine concern as condition in the ethylene market worsens with the prices falling further on November 5. Prices for most importing regions like Asia, Far East, Europe, and the US, observed a steep plunge compared to prior week.

Market insiders 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 $400-410 per metric ton.
Ethylene, CFR Southeast Asia, at US $400-410 per metric ton.

Ethylene prices in Far East region:

Ethylene, FOB South Korea, at US $355 per metric ton.
Ethylene, FOB Japan, at US $355 per metric ton.

Ethylene prices in Europe:

Ethylene, FD Northwest Europe, at Euro 555-560 per metric ton.
Ethylene, CIF Northwest Europe, at US $590-600 per metric ton.

Price in the United States:

Ethylene, FAS Houston, at US cent 20.500-20.750 per pound.

Fibre2fashion News Desk - China

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