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Chemical Prices in Asia Rise on Strong Demand
9:47 AM MST | January 10, 2011 | Lindsey Bewley
Ethylene prices in Asia strengthened, rising from USD 1140-1150 to USD 1190 due to high demand. It is expected that the demand will go up further in January and should ease a bit with the onset of the Chinese New Year holidays. Propylene, meanwhile, shot up from USD 1220-1230 to USD 1280-1290 on tight supply and strong demand. Prices are expected to increase in the coming weeks, players say. Styrene prices are rose on higher benzene prices and robust demand. Prices were pegged at about USD 1380-1390. Acrylonitrile price levels strengthened...
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