Prices Move Mostly Higher in Asia

Ethylene prices have moved up to USD 1200-1210 from USD 1150-1160  due to strong crude and derivative products and strong buying trends among end user segments. It is expected that the strength for ethylene price will be maintained in the coming weeks due to favorable market conditions. Styrene price levels firmed to USD 1420-1430 as a direct impact of stronger benzene prices. Due to expected shutdowns in the coming month, ethylene supplies are expected to go down, impacting the price of benzene and ultimately styrene. However, the coming weeks are expected...

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