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Chemical Prices in Asia Fall on Low Demand
10:34 AM MDT | September 28, 2010 | Lindsey Bewley
Naphtha prices rose from USD 687.0-689.0 to USD 680.0 - 682.0 CFR Far East. Demand is expected to slow down in the coming months. Stocks in transit of approximately 150,000 m.t. are due to land in the month of October in the region. This should take prices for Naphtha further down. Major companies have taken a real hit for the price level since last two months. Ethylene fell from USD 1040-1050 to USD 1120-1130 FOB Korea. The region has volumes of ethylene and at the same time Formosa is still going though their repair work at their plant in Taiwan and the...
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