Ethylene: Europe

摘要

Ethylene spot prices responded to the lower price environment by also moving down, sources said this week. Meanwhile, it was unclear whether cargo on board Formosagas Diamond, which loaded Taiwan, 3-5 March, had found a home in Europe. One source said it may have triggered buying interest in Eastern Europe. Elsewhere, European coastal prices slid this week. “Prices are no higher than $1,500/mt CIR NWE,” a trader said; one buyer said that, as buying interest dwindled on poor demand, deep sea imports became “high risk,” also pegging prices at $1,500/ mt CIF NWE, adding: “We are being quoted $1,600/mt CIF NWE, but this is not workable.” Coastal prices were assessed $1,500-1,505/mt CIF NWE this week, falling $25/mt week on week. Inland buying was also wary. “The market is cautious.