Recent Asian ethylene market delivers live significantly weakened
Release time:
2023-05-22
Recent market trading activity is Asia ethylene last week, U.S. significantly weakened by a series of industrialevents. And then merchants from market to almost no ethylene deal.However, with the recent price declines,most businesses that have been present market situation of ethylene weak.Market analysts blamed derivatives,especially the sluggish market polyethylene downstream. Although initial signs that the market started to rebounddownstream polyethylene last week, but still weak market face.Due to the current market price of polyethylene,therefore not clear for production of ethylene buyers from polyethylene market. This is part of the week ethylenemarket delivers effect.
Recent market trading activity is Asia ethylene last week, U.S. significantly weakened by a series of industrialevents. And then merchants from market to almost no ethylene deal.However, with the recent price declines,most businesses that have been present market situation of ethylene weak.Market analysts blamed derivatives,especially the sluggish market polyethylene downstream. Although initial signs that the market started to rebounddownstream polyethylene last week, but still weak market face.Due to the current market price of polyethylene,therefore not clear for production of ethylene buyers from polyethylene market. This is part of the week ethylenemarket delivers effect.
Northeast Asia: following last week's trading in ethylene/ton (us $760 CFR China,Taiwan) price this week after alittle further deal. Allegedly, most buyers have completed their needs, so don't buy anything for cargo goods areethylene. lt is reported that Taiwan is a buyer derivatives production equipment is lower in some productionfailure, therefore intend to delay the shipment ethylene cargo. But some analysts believe, current and upcomingcracking unit overhaul，April second market could walk again). Because this week, so pale static trading market onthe market prices are basically intent).Among buyers purchase intention for $700 / ton CFR (about), and
northeast vendor selling price intention is $750 for/ton CFR(northeast) above. South Korean market, ethylenespot transactions are very limited.According to a trader, will have a boat was late march shipment of 3,000 tonsethane shipment delay to mid April shipment. In general, the businessman from market is mainly in the market.This week, south region ethylene negotiation price fluctuations, including 700 dollars per ton FOB price (Korean)has been mentioned. Production: according to a Japanese manufacturer of dynamic, will in mid-may - 6 month ofthe third set of naphtha chiba areas within the planned cracking unit overhaul of parking. Meanwhile, south
Korean Yeochon area a capacity for 72 million tons/year cracking unit will start on April 1 for a 30-day parkingmaintenance.
Northeast Asia: and this is similar, southeast Asia market trading market is very limited). Buyers, especially those ofethylene production polyethylene because buyers seems reluctant to buy any cargo goods, indluding ethylene nowseveral buyers have taken static wait-and-see attitude. According to a vendor said from the Middle East has someinterest in, but no deal. At present, most business negotiation has admitted that the market, so also face) marketweakening trend. In fact, this is $800 per ton CFR (southeast Asia) above price has ceased to exist.Reportedly, thevendor for $780 / ton CFR (southeast Asia).But buyer purchase intention price for about $750 / ton CFR
(southeast Asia).Allegedly, a group of 30-35 tons of goods shipped in mid-april ($745 / ton FOB price Thailand).At the same time, another shipment to $750 per ton FOB price (Thailand). Production: a set of production Kertehregion in Malaysia to 60 tons/year cracking unit after a week-long accidents have rebooted after repair. Indianproducers plan on March 27 to restart a capacity for Gandhar area of 30 tons/year cracking unit. This device hason March 17, parking maintenance.
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Release time: 2023-10-13
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