Tuesday, December 04, 2007


Ethylene prices have seen a robust hike of almost twenty dollars, touching levels of US$1210/MT in Asia in the week of December 3, 2007. Limited availability of spot cargoes has kept ethylene prices firm, coupled supply interruptions due to a shutdown at the naphtha-cracking unit of South Korea's Samsung Total Petrochemicals Company Ltd. Interestingly, the bullish downstream PE market has failed to support upstream ethylene demand. Ethylene demand from China has weakened as SM producers seem to be well stocked and due to stockpiles with most end users

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