Polymerupdate News - Asian ethylene prices journey south on Tuesday
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Asian ethylene prices journey south on Tuesday

Petrochemical industry | 15 May 2019 09:30 IST | Polymerupdate.com

Ethylene prices in Asia drifted lower on Tuesday. The price drop was triggered by weaker upstream energy values on Monday, continued dull regional buying trends coupled with sufficient product availability.

CFR South East Asia prices were assessed lower at the USD 890/mt levels, a day on day decline of USD 15/mt.

CFR North East Asia prices of ethylene were assessed down at the USD 955/mt mark, a fall of USD 5/mt from Monday’s assessed levels.

In plant news, Korea Petrochemical Industry Co (KPIC) has brought on-stream its steam cracker, on May 5, 2019 following a maintenance turnaround. The cracker remained under maintenance for around one month. Located at Onsan city in South Korea, the cracker has an ethylene production capacity of 800,000 mt/year and propylene capacity of 500,000 mt/year.
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