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

29-Aug-08
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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