UAE’s Ruwais port congestion boosts European ethylene exports to Asia

摘要

London — Europe continued to export ethylene to Asia driven by the congestion at UAE’s Ruwais port, sources said this week. With the Asian turnaround season and oversupply in Europe, the arbitrage has opened from Europe to Asia, sources added. Since the beginning of the year, European exports to Asia have been about 60,000 mt sources added, driven by the congestion at Ruwais, which began in January.