Prices of ethylene for most of the importing regions have started spiraling up since the last few days due to rising demand for this vital raw material. Prices quoted for countries in Asia, Far East, Europe and the US showed a significant growth in comparison to the previous weeks.
The buying undertone was encouraging for sellers in the Asian markets on Wednesday. The flow of enquiries was smooth and a majority of market players were prepared for a price hike announcement by producers.
Ethylene prices in Asia region:
Ethylene, CFR Northeast Asia, at US $695-705 per metric ton.
Ethylene, CFR Southeast Asia, at US $605-615 per metric ton.
Ethylene prices in Far East region:
Ethylene, FOB South Korea, at US $633 per metric ton.
Ethylene, FOB Japan, at US $633 per metric ton.
Ethylene prices in Europe:
Ethylene, FD Northwest Europe, at Euro 590-595 per metric ton.
Ethylene, CIF Northwest Europe, at US $635-645 per metric ton.
Price in the United States:
Ethylene, FAS Houston, at US cent 27.005-27.130 per pound.
Fibre2fashion News Desk - China
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