Strong inventories with the producers, pressured by abundant availability in the Far East region and the arrival of Iranian deep-sea cargoes have all conjoined to make ethylene prices dip by over US$50/mt. Buying interest was also seen bearish as Asian ethylene prices continued to fall last week. After a few deals that were done at near US$1,000/mt CFR China/Taiwan level for April delivery, cargo for April loading is being sought at around US$900/mt FOB Korea. Buying intention declined to below US$1,100/mt CFR, SE Asia.
Tight supplies ensured that propylene markets remained strong in Asia, as S.Korean cargoes traded as high as US$1,160/mt FOB Korea.
19-Mar-07 
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