Import ethylene prices NE Asia Import ethylene prices in northeast Asia fell to a 16-week low - Arhive
Import ethylene prices in northeast Asia fell to a 16-week low Import ethylene prices NE Asia
MOSCOW – The spot prices of imported ethylene in northeast Asia fell to a 16-week low amid a broad supply of material from Asian and other producers, ICIS reported citing market participants.Import ethylene prices NE Asia
Transactions were mainly USD1 250-1 280 per tonne, CFR NE (Northeast Asia) for shipments in September-October, whereas earlier they were at USD1,287-1,360 per tonne, CFR, NE Asia.Import ethylene prices northeast Asi
The price discussions focused on cargo from South-East Asia, and also included a supply of 9,000 tons from the Middle East for arrival in the second half of October.
Some suppliers took a wait-and-see position at the end of the week, hoping that prices had reached their lowest level.Import ethylene prices NE Asia
Ethylene is the main raw material for the production of polyethylene (PE).
According to the ScanPlast of the Market Report company, in Russia, based on the results of the first seven months of the year, the estimated consumption of PE amounted to 1,148.11 thousand tons, which is 9% more than the same indicator a year earlier. The supplies for all types of polyethylene have grown.Import ethylene prices NE Asia
mrcplast.ru
Author: Anna Larionova