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Falling feedstock price weakens downstream polyester chain

Related Keywords: Ethylene prices in Asia, Ethylene prices in Europe, Ethylene prices in US, MEG price in Europe, meg price in US, meg prices in Asia, paraxylene price in US, paraxylene prices in Asia, paraxylene prices in Europe, pfy price in China, pfy price in India, pfy price in Pakistan, Polyester price, psf prices, pta price in Asia, pta price in Europe, pta price in US

Ethylene prices declined sharply in the first week of March in North East Asia as demand dropped for downstream styrene monomer while other derivatives like PE weakened significantly. In US, ethylene spot fell on longer supply as Formosa Plastics Texas unit returned from turnaround while February contract was settled higher on the month. European ethylene market was bullish as material remained tight amid firm demand remains.

Ethylene prices surge in Asia, Europe

Asian ethylene markers gained US$10 ton NE CFR in the second week of December while Southeast CFR rose US$25 a ton on the week. Ethylene prices in Asian market continued their uptrend while maintaining the difference between north and south east markets. Softer naphtha market also lifted margins of Asian ethylene producers.

Related Keywords: Asian ethylene prices, Asian ethylene producers, Ethylene prices in US, ethylene trade in Latin America, European ethylene prices, naphtha market

Asia ethylene-naphtha spread jumps back to June Levels, Europe follows

Related Keywords: daily textile prices, ethylene naphtha spread, Ethylene prices in Asia, Ethylene prices in Europe, Ethylene prices in US, naphtha prices in Asia, naphtha prices in Europe, naphtha prices in US

In April 2015, Asian ethylene-naphtha spread hit a record high amid bullish ethylene markets. The spread jumped US$193 during the month on an average as ethylene prices were under pressure of tight supplies. The CFR Northeast Asia ethylene marker averaged US$1,368-1,370 a ton while the Southeast marker averaged US$1,423-1,425 a ton, both increasing US$214-240 on the month. The spread was over and above the US$269 a ton recorded in March.

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