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Demand For Ethylene In Asia Remains Sluggish

2010/6/25 11:26:00 79

Ethylene Textile Industry

On Monday in Asia, yes ethylene The demand for energy has remained low despite the stability of upstream energy prices.


Due to downstream PE market The purchasing behavior of ethylene is still sluggish due to the forecast that the supply of ethylene from the Middle East will increase in recent weeks, and new cracking facilities in the Middle East will be put into operation.


CFR Northeast Asia ethylene price reached 910 dollars/ton on Monday, while CFR Southeast Asia price reached 885 dollars/ton. Although several abstract price targets are shown at $850/ton CFR There are a large number of buyers in terms of price in the Asian market, but it is difficult to receive orders from buyers.


In terms of plant news, Boru is expected to put a new 1.45 million t/a cracking facility into production by the end of June.

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