Asian Olefins Prices Sluggish

Naphtha price levels continued to slide this week to USD 760.0 – 762.0 as compared to USD 785.0 – 787 last week on FOB Korea basis. This is due to downward movement of crude since last number of weeks. This trend is expected to continue in the coming weeks; the effect can be observed down the complete value chain till the derivative products. Ethylene moved down to USD 820-830 as compared to USD 980-990 last week on FOB Korea basis. Sentiments are low and therefore the price of the product is not strong. The end user markets for the derivative...

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