Asian
Ethylene Prices Stable Despite Market Uncertainty- Market
uncertainties persist due to recent macroeconomic developments- Buyers
are hesitant as low margins persistAsian
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/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 such 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
making cuts in his production because he is sustaining more...