Asia Chemical Prices Move Lower

Ethylene moved down further to USD 1000-1010 on FOB Korea basis. The dull markets are clearly due to the low demand of derivative products. Availability of ethylene is high at the moment and inventories are being built up. On the other hand global markets are on a slow down course. This downward trend is expected to continue for coming weeks. The availability of material not only from Asia but also from the Middle East region is expected to drive the prices lower in the coming weeks. Propylene witnessed a southward direction to USD 1330-1340 on FOB Korea...

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