Ethylene Asia

摘要

Asian ethylene was assessed unchanged week on week and day on day at $1,530/mt CFR Northeast Asia. Meanwhile, the CFR Southeast Asia marker rose $10/ mt day on day and week on week to be assessed $1,505/ mt. Buying indications were heard at $1,480-1,500/ mt CFR China against offers at over $1,550/mt CFR China. A 3,000-3,500 mt domestic cargo was heard sold at $1,520/mt to a styrene monomer producer Monday. European traders were heard eyeing opportunities to move European-origin cargoes to Asia amid falling prices in the West of Suez. However, the arbitrage window has yet to be opened, said trade sources. An 8,000-10,000 mt Europe-origin cargo for second-half October arrival was heard offered at $1,570-1,580/mt CFR China. But buying interest for this cargo was poor as most participants expected prices to soften in October with plants coming back from turnarounds during the month. In downstream news, China’s Tianjin Dagu Chemical is likely to run its 500,000 mt/year SM plant in Tianjin at about 60% of capacity after restarting it next week amid weak demand for SM from China, a source close to the company said Friday