Hurricane Gustav has been one of the reasons for drop in the crude prices, which in turn has affected ethylene prices across the world.
Ethylene prices showed a descending trend for almost all the importing countries on September 9 due to recent plunge in the crude prices. Prices quoted for Asian, Far Eastern, European, and for The US market showed a steep plunge in comparison to the last week.
Ethylene prices in Asia region:
Ethylene, CFR Northeast Asia, at US $1300-1305 per metric ton.
Ethylene, CFR Southeast Asia, at US $1280-1285 per metric ton.
Ethylene prices in Far East region:
Ethylene, FOB South Korea, at US $1300 per metric ton.
Ethylene, FOB Japan, at US $1290 per metric ton.
Ethylene prices in Europe:
Ethylene, FD Northwest Europe, at Euro 1000-1005 per metric ton.
Ethylene, CIF Northwest Europe, at US $1500-1510 per metric ton.
Price in the United States:
Ethylene, FAS Houston, at US cent 52.000-53.250 per pound.
Fibre2fashion News Desk - China
marketing@alchempro.com
