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Ethylene prices witness a steep fall

23
Oct '08
The condition in the ethylene market worsens as prices plummeted further on October 22. 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 $700-710 per metric ton.
Ethylene, CFR Southeast Asia, at US $700-710 per metric ton.

Ethylene prices in Far East region:

Ethylene, FOB South Korea, at US $700 per metric ton.
Ethylene, FOB Japan, at US $690 per metric ton.

Ethylene prices in Europe:

Ethylene, FD Northwest Europe, at Euro 650-655 per metric ton.
Ethylene, CIF Northwest Europe, at US $800-810 per metric ton.

Price in the United States:

Ethylene, FAS Houston, at US cent 28.125-28.375 per pound.

Fibre2fashion News Desk - China


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