Ethylene prices have risen, driven mainly by rising prices in the Far East region.
Ethylene prices spiked to US$1240/MT in Asia in the week March 31, 2008. Despite the arrival of April shipment cargoes from Iran, Asian ethylene prices have risen, driven mainly by rising prices in the Far East region. Robust demand for April and May shipment from the Far East region have pushed prices higher across Asia. Prices in SE Asia spanned around US$1150/MT CFR. Cargoes from South Korea are heard to have commanded a price of US$1250/MT FOB.
Thursday, April 03, 2008
ETHYLENE
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