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Ethylene prices for Far East slump

04
Dec '08
As prices for ethylene continued to plummet, anxiety engulfs the market. Experts show their genuine concern as condition worsens with the prices falling further on December 3. Price graph for most importing regions like Asia, Far East and the US moved down where as stability prevailed in the European market as compared to prior week.

Market insiders 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 $430-$440 per metric ton.
Ethylene, CFR Southeast Asia, at US $430-$440 per metric ton.

Ethylene prices in Far East region:

Ethylene, FOB South Korea, at US $405 per metric ton.
Ethylene, FOB Japan, at US $405 per metric ton.

Ethylene prices in Europe:

Ethylene, FD Northwest Europe, at Euro 505-510 per metric ton.
Ethylene, CIF Northwest Europe, at US $540-550 per metric ton.

Price in the United States:

Ethylene, FAS Houston, at US cent 16.000-16.250 per pound.

Fibre2fashion News Desk - China


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