IHS Chemical Week

Chemical Prices in Asia Steady at the Start of the New Year

1:23 PM MST | January 5, 2011 | Lindsey Bewley

Naphtha prices maintained at USD 885.0-887.0. Companies using naphtha as a feedstock are facing the brunt on the margin side. Naphtha is very strong whereas the derivatives are cheap, meaning derivatives produced by other feedstocks are far more competitive.   Ethylene price levels were also stable at USD 1140-1150, with the majority of Asian plants running at full capacity due to rising derivative demand. Propylene prices also maintained at USD 1220-1230. Prices are expected to rise in the coming weeks due to increased demand.  Acrylonitrile...

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