IHS Chemical Week

Asia Olefins Prices Fall, Again

2:47 PM MDT | July 6, 2010 | Lindsey Bewley

Naphtha drifted further last week from USD 670.0-672.0 to USD 625.0-627.0 CFR Far East. Market sentiments are low, though surplus product is available especially from Mideast. Ethylene moved down from USD 900-910 to USD 840-850 FOB Korea. Sentiments are low and buyers are not purchasing large volumes as they are waiting for further fall in price levels. Propylene went fell from USD 1070-1080 to USD 1020-1030 FOB Korea. Propylene production in Asia is expected to be back at full force soon. There have been some supply constraints but prices have weakened due to...

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