The condition in the ethylene market worsens as prices continue to decline further on October 15. Prices for most importing regions like Asia, Far East, Europe, and the US, showed a considerable plunge compared to earlier week. Experts 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 $790-800 per metric ton. Ethylene, CFR Southeast Asia, at US $790-800 per metric ton.
Ethylene prices in Far East region:
Ethylene, FOB South Korea, at US $756 per metric ton. Ethylene, FOB Japan, at US $754 per metric ton.
Ethylene prices in Europe:
Ethylene, FD Northwest Europe, at Euro 745-750 per metric ton. Ethylene, CIF Northwest Europe, at US $990-1000 per metric ton.
Price in the United States:
Ethylene, FAS Houston, at US cent 32.375-32.625 per pound.