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Pessimistic market backs lower Asian ethylene prices
30 May '17
1 min read
Ethylene prices went down in Asia in the last week due to pessimistic market conditions in the region.
In Korea, average prices stepped down by US$ 85/ton and quoted at US$ 1035/ton in the last week, as compared to previous week, a drop of 7.59 per cent.
In Japan, average prices decreased by US$ 85/ton and assessed at US$ 1030/ton in the last week, a declination of 7.62 per cent compared to previous week.
In SE Asia, average prices plunged by US$ 55/ton and quoted at US$ 965/ton in the last week, a fall of 5.42 per cent over the price prevailing at the end of the previous week.
In NE Asia, average prices inched lower by US$ 75/ton and assessed at US$ 1050/ton in the last week, registering a decrement of 6.67 per cent from the previous week.
Fibre2Fashion News Desk – India
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