On Thursday, ethylene prices inched lower in parts of Asia.
CFR South East Asia prices were assessed down at the USD 1400/mt levels, a day on day fall of USD 10/mt. Prices drifted lower on the back of sluggish demand trends coupled with improved product avails in the region.
A trader while in conversation with a Polymerupdate team member said, “ethylene buyers remain on the sidelines, in anticipation of a further price fall with the improved regional product avails.”
CFR North East Asia prices of ethylene were assessed steady at the USD 1395/mt mark. The price fall was triggered by weaker buying sentiments in the region.
In the downstream markets, HDPE film prices were assessed stable at the USD 1320/mt CFR Far East Asia mark while LDPE prices were steady at the USD 1350/mt CFR Far East Asia levels. LLDPE prices were assessed flat at the USD 1260/mt CFR Far East Asia levels.
