NewsFlashAsian ethylene slumps close to 3-yr low

09 October 2008 03:43  [Source: ICIS news]

SINGAPORE (ICIS news)--Asian ethylene continued to free fall, hitting their lowest level in almost three years by breaking the $900/tonne (cost and freight) CFR level following unconfirmed deals to northeast Asian buyers, said a seller on Thursday.

 

Over 10,000 tonnes of spot ethylene of northeast Asian origin were heard sold in the high $800s/tonne to $900/tonne CFR range to buyers in China and Taiwan for November arrival, said the seller who was a trader. Buyers could not be reached for comment.

 

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By: Peh Soo Hwee
+65 6780 4359

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