Friday, August 27, 2010

Cracker outages propel ethylene spot prices to 3 month highs in SE Asia

Additional cracker outages this week leading to a scramble for spot material have propelled ethylene spot prices to three month highs of US$1000/ton in Southeast Asia. As per ICIS, a deal for a 3,000 ton cargo loading H1 September was reported at US$1000/ton FOB SE Asia, while bids for additional September shipments were in the mid to high US$900s/ton FOB SE Asia.

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