- Market uncertainty continues due to recent
macroeconomic events- Weak margins keep buyers hesitant



Asian ethylene prices remained steady at
$950/mt CFR Northeast Asia on March 24th and $970/mt CFR Southeast Asia on
March 24, while the market remained quiet. FOB Korea's assessment remained steady at $920-940/mt
week-on-week. Market participants remain
insecure due to recent macroeconomic events that have impacted the banking
sector. Sources said that these events
have also adversely affected downstream markets like styrene monomer or PVC as
well as upstream markets like naphtha. Some
market participants are concerned about the lower than expected demand
following China's reopening. Recent
macroeconomic events have created a lot of uncertainty in the market. A buyer from Northeast Asia stated that he is beginning to
cut production because he is sustaining more losses due to weak margins. China's demand...