IHS Chemical Week

Prices Rise in Asia

10:28 AM MDT | August 8, 2011 | Lindsey Bewley

Ethylene pricing maintained at USD 1100-1110. Market sentiments are low at the moment and based on the market scenario, and ethylene pricing is expected to move in southward direction in the coming weeks. It is also expected that due to the shifting of heavier feedstocks to lighter feedstocks, more ethylene could be available in the market and thus the pricing is expected to be on the lower side for some time. Propylene pricing moved up strongly, from USD 1470-1480 to USD 1560-1570. It is expected that pricing will stay firm for coming months due to the shortage...

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