European ethylene prices lower or a lot of cargo exports to Asia

Recently, due to abundant market supply , coupled with weak downstream demand , European ethylene prices have been low levels. In view of this , some local traders said they are ready to export to a large number of ethylene cargo Asian markets in late May for the transaction .Sellotape

Part of the European ethylene producers said they had received a lot of information from the inquiry Asian buyers. These quotes provided by buyers generally CFR Northeast Asia, 1450-1460 U.S. dollars / ton ; lowest CFR South East Asia $ 1,400 / ton. These prices are higher than the current market price of ethylene Europe .

Market due to ample supply , coupled with lower cost of naphtha cracking since March 3 ethylene prices on the European market continued to fall in recent days . Last week, early in March fell compared with ethylene quotes $ 44.25 / ton. CIF Northwest Europe was quoted at $ 902.750 ethylene / ton.Masking tape


Market participants pointed out that, overall, the current Asian ethylene prices higher than the European market of nearly $ 200 per ton . On Wednesday CFR CFR Northeast Asia and Southeast Asia, ethylene quotes are $ 1,460 / ton.

Platts analysts noted that recent European ethylene cargo exported to Asian markets recorded should pursue to early February of this year. CIF Northwest Europe on the European market was quoted at $ 1,217.50 an ethylene / ton ; while Asian aspects CFR Northeast Asia ethylene quoted at $ 1,470 / ton , CFR Southeast Asia ethylene quoted at $ 1,405 / ton.Washi tape


For a large influx of European cargo upcoming Asian ethylene producers say worried. " May the Asian ethylene market will face an oversupply situation on the one hand , some local large-scale ethylene production plant shut down for maintenance just completed the task to prepare the resumption of production ; On the other hand , a large number of cargoes from Europe also happens to Hong Kong will be our . interests will be seriously damaged . " one northeast Asian ethylene producers said.Wholesale masking tape