The past week has seen spot ethylene prices move higher in both Asia and the US on supply concerns in these regions, as per Chemorbis. Higher crude oil and naphtha prices are also exerting upward presssure on global ethylene prices, although spot ethylene moved lower in Europe as lackluster demand amid European cracker operators’ hesitance to reduce run rates overshadowed rising upstream costs.
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Thursday, December 09, 2010
Spot ethylene gains ground in Asia and USA, slides in Europe
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