Asian Ethylene Prices Down amid Bearish Market Sentiments- Buyers
are hesitant because of weak margins in downstream markets- Market
players adopting wait-and see approachMarket sentiments were bearish and Asian
ethylene prices fell March 31. CFR
Northeast Asia's ethylene price was $10/mt lower on the day, closing at
$940/mt. CFR Southeast Asia closed at $960/mt. FOB Korea's ethylene price was $910/mt, down $10/mt from the
previous week. Although offers were made
at $960-970/mt CFR Northeast Asia this week, no bids were received. Some buyers pointed out that the selling sentiments did not
match up with buying signals. They cited continued unhealthy margins in
downstream markets as reasons for bearish buying sentiments. "Buying sentiments are very low in comparison to what I
hear from sellers. This is due in part to
very low demand and unhealthy margins. "I
don't know how...