Wednesday, July 25, 2012

Spot ethylene in Europe gains on support from rising naphtha, Asian markets, strong demand

European ethylene prices further extended their gains this week, finding support from Asian markets, a sharp rise in naphtha costs and generally strong demand, as per Platts.
Ethylene spot prices weere assessed at Eur 1030-1035/mt (US$1263-1269) FD NWE Thursday, up from last Friday, when prices were assessed at Eur 1010-1015/mt FD NEW.

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