Asian spot prices dive with ethylene glut a possibility

Darni, Nurul
April 2007
ICIS Chemical Business;4/9/2007, Vol. 2 Issue 61, p30
Trade Publication
The article reports on the decline in prices of ethylene in northeast Asia as a result of a possible oversupply in the area. Traders say increased supply from South Korea, Taiwan and the Middle East has dented market sentiment causing northeast Asian spot prices to fall for nine consecutive weeks. The length in the market is expected to come from expansions in South Korea and Taiwan and fresh capacities from the Middle East, pushing sellers to offload existing supply, say traders.


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