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Ethylene prices continue to move downward

31
Oct '08
The condition in the ethylene market exacerbates as prices drop further on October 29. Prices for most importing regions like Asia, Far East, Europe, and the US, dived considerably compared to prior 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 $450-$460 per metric ton.
Ethylene, CFR Southeast Asia, at US $450-$460 per metric ton.

Ethylene prices in Far East region:

Ethylene, FOB South Korea, at US $505 per metric ton.
Ethylene, FOB Japan, at US $505 per metric ton.

Ethylene prices in Europe:

Ethylene, FD Northwest Europe, at Euro 595-600 per metric ton.
Ethylene, CIF Northwest Europe, at US $685-695 per metric ton.

Price in the United States:

Ethylene, FAS Houston, at US cent 25.250-25.500 per pound.

Fibre2fashion News Desk - China


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