Monday, June 04, 2012

As oil tanks and demand weakens, ethylene in Asia breaches the US$1000/mt mark

Ethylene prices in Asia breached the US$1000/mt barrier in Asia for the first time since November 19, 2010 -- as falling crude amid weak demand and sentiments pressured prices lower, as per Platts. CFFR Northeast Asia ethylene was pegged at US$995/mt as crude on the Nymex fell by US$2.

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