IHS Chemical Week

Prices in Asia Moving Upward

10:29 AM MDT | April 26, 2011 | Lindsey Bewley

Naphtha price levels strengthened from USD 1045.0-1047.0 to USD 1075.0-1077.0 on rising crude prices. In addition, naphtha requirements have also been moving up in the gasoline blending unit. It is expected that the price levels might move down a bit in the coming weeks due to sluggish demand from the derivative markets.   Ethylene prices inched up from USD 1330-1340 to USD 1350-1360 as buying sentiments have been low in the end user segments. Selling is low at the moment and is expected to stay this way for a few weeks.   Propylene moved up to USD...

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