IHS Chemical Week

Chemical Week Magazine :: Basic Chemicals & Plastics

Asian ethylene, propylene prices trend downward despite outages

6:03 AM MDT | March 14, 2014 | —Clay Boswell

Steam cracker outages are tightening ethylene supply in Asia, but prices in the region are likely to continue falling, according to IHS Chemical’s Market Advisory Service: Asia Light Olefins Monthly. Spot material shipped from Europe has reduced price pressure, and derivative markets are weak, IHS Chemical analysts say. Propylene prices have also softened in Asia—a situation that will be exacerbated when new propane dehydrogenation (PDH) units start up in China, they say. Ethylene spot prices in Asia fell from $1,503/m.t. c&f northeast Asia in...

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