Ethylene prices Northeast Asia fell surplus supply   - Arhive

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Ethylene prices in Northeast Asia fell amid a surplus supply   Ethylene prices Northeast Asia fell surplus supply

Ethylene prices Northeast Asia fell surplus supplyMOSCOW – The spot imported ethylene prices in Northeast Asia (NEA) declined at the end of last week amid a large number of August supplies from regional and Middle Eastern suppliers, ICIS reported.

The price proposals for the volume of material that will arrive in August were on July 20 in the range of USD1,350-1,380 per tonne, CFR NEA, while the deals earlier in the previous week were around USD1,380-1,390 per tonne, CFR CFA .

Ethylene prices were declining due to a surge in shipments from manufacturers in South-East Asia (Southeast Asia), Taiwan and Saudi Arabia on FOB terms, amid reduced capacity utilization at polyethylene (PE) production plants in the region.

In particular, in total about 30 thousand tons of spot volumes of material for shipment at the end of July and August were either sold or offered by producers from Southeast Asia last week.

Ethylene is the main raw material component for the production of PE.

According to the Price Review of ICIS-MRC , the buying activity on the Russian PE market declined markedly last week. Some of the companies have already closed all deals for July deliveries. Part of the decline in demand is due to the increase in prices for individual PE positions. In some segments of PE there is a lack of supply, but there is no hype on the market. Buyers are hard to adapt quickly to new prices.

mrcplast.ru

Author:                Margarita Volkova

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