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Asia Chemical Prices Trend Downward

1:05 PM MDT | June 2, 2011 | Lindsey Bewley

Naphtha moved up from USD 957.0-957.0 to USD 970.0- 972.0 on fluctuating crude prices. It is expected that prices will move northward and should be close to USD 980.0 - 990.0 in the coming weeks. Ethylene softened from USD 1250-1260 to USD 1190-1200 on higher crude oil prices. Shale gas has been the main topic of discussion at APIC 2011 in Fukuoka , Japan. With increasing amount of work on shale gas exploration, it is expected that ethylene will be in abundance in the coming months.   Propylene moved down from USD 1470-1480 to USD 1435 - 1440 as increased...

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