IHS Chemical Week

Asia Prices Move Higher on Japanese Shortage

1:00 PM MDT | April 15, 2011 | Lindsey Bewley

Naphtha levels rose from 1015.0- 1017.0 to USD 1045.0 - 1047.0 on higher crude oil prices. Ethylene price levels inched up a bit from USD 1320-1330 to USD 1330- 1340. It is expected that prices will be maintained for few weeks and that the market sentiments will soften in the coming weeks for the ethylene downstream products. Propylene price levels maintained at USD 1540-1550. It is expected that propylene prices will move up in the coming weeks due to tight supply conditions. Due to the devastation in Japan, the tight supplies are expected to continue until...

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