29 October 2010 04:40 [Source: ICIS news]
SINGAPORE (ICIS)--Northeast Asian ethylene spot prices fell below $1,000/tonne (€720/tonne) to their lowest levels in two months, weighed down by ample supply from the region and the ?xml:namespace>
Bid-offer discussions to purchase a 3,000-5,000 tonne spot cargo of unspecified origin for second-half November arrival were at $960-980/tonne CFR (cost and freight)
“We see further downward pressure on prices due to spot availability from the
The bulk of the ethylene plants in the region continued to run at high rates of 90-100% this month despite rising spot naphtha feedstock prices at above $770/tonne CFR Japan and shrinking margins for Asian cracker operators, according to data from ICIS.
($1 = €0.72)
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