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Prices in Asia Continue to Decline
9:05 AM MDT | July 6, 2011 | Lindsey Bewley
Propylene prices in Asia fell from USD 1370-1380 to USD 1350-1360 on lower demand. Market sentiments are low and buyers are in a wait and watch mode to buy the product, sources say. However, ethylene prices began to rebound, about $10/m.t., to $1060-1070/m.t. Players say they expect price levels will continue to move up in the short-term as a number of shutdowns are expected in July. Prices are expected to ease in August as more volumes of ethylene come onstream. Acrylonitrile moved down this week on falling propylene prices. Prices moved down from USD 2490-2500...
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