Restricted avails and fresh demand firms up ethylene offers in SE Asia

Ethylene suppliers in Asia dropped prices by over fifty dollars last week in response to continuous lackluster buying that increased pressures to sell. Prices this week have maintained at US$1300/MT CFR SE Asia as markets in this region stabilized as a result of restricted avails and fresh downstream demand. Buying activity is still hushed as, bearish markets of polyethylene and poly vinyl chloride have led most downstream buyers to adopt a wait and watch policy. Hesitating in seeking spot cargoes, buyers preferred to defer buying in the Far East region
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