Ethylene prices in Asia fell sharply
2022-10-03- Detail
Ethylene prices in Asia fell sharply
affected by the arrival of another batch of low-cost ocean going goods, ethylene prices in Asia fell sharply, falling US dollars/ton, which made Asian ethylene producers using naphtha as raw materials further suffer losses. A trader wanted to sell 4000 tons of Libyan goods in the second half of October and the first half of November at the price of 380 US dollars/ton (CFR Taiwan/Philippines/Indonesia). The positive price difference of several users was also in the line of 380 US dollars/ton. In addition, another 10000 tons of Argentine and Libyan goods will arrive in Asia from late September to the first half of October. The bear market in PE market has also brought great pressure to the ethylene market. As the largest PE importer, China has slowed down its import speed ahead of schedule due to the upcoming National Day holiday. On the other hand, the weak global economic situation has seriously affected the export of China's downstream final products after the medical device industry entered the policy intensive release period since last year, thus affecting the consumption of PE. The price of naphtha continued to rise, and the price of futures in October/November reached 271.88 US dollars/ton for demonstration experiments (c+f Japan instrument is based on the experience of national construction engineering quality supervision, inspection and testing center in detecting steel bar joints for many years)
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