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Asia Olefins Prices Mostly Up on Tight Supply, Firm Demand
6:15 AM MDT | September 15, 2010 | Lindsey Bewley
Naphtha price levels rose from USD 675.0-677.0 to USD 680.0-682.0 CFR Far East. There is adequate supply of naphtha in Asia and a number of plants are running at their maximum rates, players say. Large volumes are en route way to Asia from Africa. It expected that naphtha prices will rise due to a number of European plants planned to go down for maintenance; these plants are also working on to shift to cheaper feedstocks. Meanwhile, ONGC has offered 35,000 tons of naphtha for October loading. Ethylene prices surged from 940-950 to USD 1020-1030 FOB...
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