Sources said that, coupled with stocked inventories for May, contributed to tepid demand for June.Downstream, production margins remained weak. Buyers cited poor profitability on key derivatives such as polyethylene.Styrene monomer and monoethylene glycol. Sources said that, coupled with stocked inventory for May, contributed tepid demand for June.Downstream production margins remained low, with buyers citing poor profitability for key derivatives like polyethylene, styrenemonomer, and monoethylene glycol.
Asian Ethylene Daily Rationale
Ethylene CFR Northeast Asia down $5/mt onthe day at $905/mt April 26, in view of tradable indications fromtraders at $900-$910/mt.The assessment was higher than buying indications heard at$880-$890/mt.On the week, the assessment was $10/mt lower.The CFR Southeast Asia assessment was stable on theday and on week at $1,010/mt, as there were limited freshdiscussions.In the weekly FOB Korea market, the assessment was...