- Spot Price Up- Demand Softening





The European ethylene spot markets saw
little activity during the week of March 10, as players gathered in Vienna
(Austria) over March 8-10, 2023 for the first European Petrochemical Luncheon. Market participants made wide comparisons to Q4
2022 throughout the conference. They noted that the market had recovered from
the distressed levels of the previous quarter despite continuing dynamics of
low demand and length. Although fundamentals are expected to change
only slightly, there was optimism in the market's immediate sentiment. Players
indicated that there was more pessimism within the nearby propylene market. Producers
believe that C2 will have stronger fundamentals in the second quarter because
of stronger demand from the packaging industry, which is used most often in the
derivative polyethylene market. The current market is also benefitted
by...