Asian ethylene prices continued to fall

18-Jun-07
Suppliers lowered their offers for July shipment to US$1,060-1,070/mt CFR FE on restrained end-user demand. In SE Asian market, ethylene prices fell to US$1,100/mt CFR level.Asian ethylene prices continue to fall depicting a bearish market demand. The market anticipates a further drop of offer prices as supply increases from S.Korean producers Samsung Total and YNCC. Anticipation of further price fall is keeping most buyers away from purchase of fresh cargoes as bids from Taiwan and South Korea dip as low as US$1000/mt
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