NewsFlashNE Asia ethylene falls below $1,000/tonne on ample supply

29 October 2010 04:27  [Source: ICIS news]

SINGAPORE (ICIS)--Northeast Asian ethylene spot prices fell below the $1,000/tonne (€720/tonne) mark amid ample supply from the region and the Middle East, market sources said on Friday.

Bid-offer discussions to purchase a 3,000-5,000-tonne spot cargo of unspecified origin for second-half November arrival were mentioned at $960-980/tonne CFR (cost and freight) Taiwan, they added.

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By: Peh Soo Hwee
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