The Asian ethylene market remain bearish on increasing supplies, from Southeast Asia and bearish demand sentiments from end users.
As per report, a 9,000 mt spot cargo is seen to be available from the Middle East, which would move to Asia as the spot ethylene price in Europe is around $160/mt lower than in Asia.
CFR North East Asia and South East Asia prices of ethylene were assessed at the USD 1350/mt and 1225/mt levels respectively, a fall of USD 20/mt in compare to previous week.
