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Chemicals/Dyes
Ethylene markets bearish
Textiles
Ethylene markets bearish
13 Mar '06
1 min read
Low demand for downstream products and prices moving South, are adversely affecting Asian ethylene markets.
Traders are forced to revise their offers with stocks of ethylene piling up and finding no takers at their high offers.
Traders are defending their offers supported by several outages in Asia.
However, there is no shortage of supply as yet, and hence, traders have been pressured to lower their target offers.
April contract prices are pegged around US $950 per metric ton CFR mark with seller offers at $1000 per metric ton.
Buyers continue their optimistic outlook, and hope that prices will slide down further.
More Textiles News - Asia...
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