Olefins Prices Rise in Asia

Naphtha price levels rose from USD 870.0-872.0 to USD 965.0-967.0 Prices have been showing a upward trend are prices are expected to remain strong, possibly crossing 1000 USD in next few weeks due to upheavals in the Mideast. Ethylene moved from USD 1280-1290 to USD 1320-1330 as supply for the product seems to be tightening, and sellers as well as buyers are extra cautious. Maintenance shutdowns in Asia are about to start, further tightening ethylene. Propylene rose from USD 1390-1400 to USD 1460-1470. Prices are expected to stay around these levels as...

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