Offers of ethylene export volumes from Mexico draw lackluster response from NWE

20-Nov-12

Offers of ethylene export volumes from Mexico have drawn a lackluster response in Northwest Europe, which remains a low demand environment, as per Platts. A second cargo from Mexico this month, involving around 4,000 mt, was heard offered in Europe for December arrival. The previous cargo offered into NWE, in mid-November for end-November/early-December arrival eventually went to Midia in Romania. One buyer said he was looking to bid US$1250/mt CIF for the Mediterranean. The CIF Med price was assessed at US$1250-1255/mt CIF Friday, down US$20/mt on the week.