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Asian ethylene surges last week from tight availability
16 Feb '15
1 min read
Ethylene prices surged in Asia last week ending Feb 14 mainly due to tight product availability in the region coupled with higher upstream energy prices.
Strong downstream demand in key markets also supported the price increase.
Average prices in Korea were assessed at US$ 875/ton last week, higher by 4.16 per cent as compared to US$ 840/ton in its previous week ending Feb 7.
Japanese average ethylene prices were quoted at US$ 865/ton last week, also up 4.21 per cent as against US$ 830/ton in the previous week.
Average prices in SE Asia were spotted at US$ 905/ton last week, here too higher by 2.26 per cent from its previous week prices of US$ 885/ton.
NE Asia average prices were offered at US$ 920/ton last week, up by 3.95 per cent as compared to US$ 885/ton in its previous week.
Strong downstream demand in key markets also supported the price increase.
Average prices in Korea were assessed at US$ 875/ton last week, higher by 4.16 per cent as compared to US$ 840/ton in its previous week ending Feb 7.
Japanese average ethylene prices were quoted at US$ 865/ton last week, also up 4.21 per cent as against US$ 830/ton in the previous week.
Average prices in SE Asia were spotted at US$ 905/ton last week, here too higher by 2.26 per cent from its previous week prices of US$ 885/ton.
NE Asia average prices were offered at US$ 920/ton last week, up by 3.95 per cent as compared to US$ 885/ton in its previous week.
Fibre2fashion News Desk - India
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