Ethylene prices have spiked to a 17-month-high, creating the widest spread between naphtha and ethylene since 2007, as per ICIS. End of last week, ethylene was pegged at US$1310/MT FOB Korea, while naaphtha stood at US$690/MT CFR Japan.
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Tuesday, February 02, 2010
Wide Spread between naphtha and ethylene in Asia reaches 2007 levels
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