Ethylene prices plummet
March 20, 2008 - China
With the fast progress of Chinese economy in recent years, an increasing demand for ethylene and downstream products can be observed. At the moment, domestic ethylene industry is passing through a golden period.
Ethylene output in the region is growing rapidly. Shanghai, Jiangsu, Beijing, Shangdong, Jilin and Guangdong are considered as the largest producers of ethylene.
Ethylene prices, on March 19, showed down trend. Prices for Asian as well as Far Eastern regions saw a plunge compared to last week.
Market express of ethylene prices on Mar 19
Asia region ethylene prices:
Ethylene, CFR Northeast Asia, at US $1180-1190 per metric ton.
Ethylene, CFR Southeast Asia, at US $1090-1100 per metric ton.
Far East region ethylene prices:
Ethylene, FOB Korea, at US $1180 per metric ton.
Ethylene, FOB Japan, at US $1180 per metric ton.