In Asia, according to a trader, the spot ethylene market tracked a steady to slightly firm trend with prices unchanged on CFR Southeast Asia basis at $1085/ton but higher by $5/ton on CFR Northeast Asia and FOB South Korea basis at a single level of $1075/ton at the end of last week. The week was quiet due to the year-end holiday.
In Europe, January ethylene contracts were settled with a decrease of €27.50/ton at €900/ton FD NWE basis. The decrease on the contract price was not surprising given the €120/ton lower spot ethylene prices when compared to the beginning of December. Meanwhile, spot ethylene prices edged down slightly, by €5/ton, to €810/ton on FD NWE basis at the end of last week. The market lacked trading activities given the Christmas and New Year holidays.
In the US, spot ethylene prices firmed up a bit during this past week. A trader pegged prices $39/ton (1.75 cents/lb) firmer at $435-447/ton (19.75-20.25 cents/lb) on FD USG basis at the end of last week.
In Asia, according to a trader, the spot ethylene market tracked a steady to slightly firm trend with prices unchanged on CFR Southeast Asia basis at $1085/ton but higher by $5/ton on CFR Northeast Asia and FOB South Korea basis at a single level of $1075/ton at the end of last week. The week was quiet due to the year-end holiday. In Europe, January ethylene contracts were settled with a decrease of €27.50/ton at €900/ton FD NWE basis. The decrease on the contract price was not surprising given the €120/ton lower spot ethylene prices when compared to the beginning of December. Meanwhile, spot ethylene prices edged down slightly, by €5/ton, to €810/ton on FD NWE basis at the end of last week. The market lacked trading activities given the Christmas and New Year holidays. In the US, spot ethylene prices firmed up a bit during this past week. A trader pegged prices $39/ton (1.75 cents/lb) firmer at $435-447/ton (19.75-20.25 cents/lb) on FD USG basis at the end of last week.
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