Ethylene import prices NortheastAsia
Ethylene import prices rise in AsiaEthylene import prices NortheastAsia
MOSCA –Import prices for ethylene in northeast Asia have increased due to the resumption of stocks in China amid limited supply, according to ICIS .
Demand is expected to remain stable this week, but growth is likely to be limited by weak indicators of the sectors of production of monoethylene glycol (MEG) and polyethylene (PE). Ethylene import prices NortheastAsia
Some Chinese importers attempted to increase prices for shipments in May-June, but met resistance from buyers. Consumer offers amounted to USD980 per tonne, CFR Northeast Asia, which is USD20 higher compared to a week earlier.
Manufacturers were not in a hurry to sell June supplies to traders, as they expected price increases due to high consumer interest.
Supplies in the region have declined somewhat due to the lengthy maintenance at Hanwha Total Petrochemical’s plant in South Korea and the restart of the Shell unit in Singapore. Ethylene import prices NortheastAsia
Deliveries from Europe were not high due to a number of manufacturing problems at cracking installations, including unplanned outages at the Versalis cracking installation in Porto Margaret. For manufacturers based in North and South America, Europe is more attractive to markets than Asia.
Ethylene is the main raw material for the production of polyethylene (PE).
According to Scan Report Company Market Report, in Russia, in the first three months of this year, the estimated PE consumption was 490.64 thousand tons, which is 3% less than a year earlier.Ethylene import prices NortheastAsia
Only supplies of low-pressure polyethylene (HDPE) have increased.
Author: Anna Larionova