Chemical Prices in Asia Head Southward

Ethylene prices drastically moved down this week from USD 1280-1290 to USD 1240-1250 as end use markets are sluggish. Operating rates are low due to the reduction in market demand. Prices are expected to plunge even further down in the coming weeks. Propylene prices moved down from USD 1560-1570 to USD 1470-1480. Supplies are firming up and it is expected that prices will start moving in southward. Styrene monomer pricing dipped further from USD 1420-1430 to USD 1410-1420 due to falling benzene prices and inventories piling up. This downward trend is expected to...

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