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Ethylene prices slip in parts of Asia

Ethylene prices declined in the South East Asian regions. CFR South East Asia ethylene prices were assessed lower at the USD 700 per ton, a drop of USD 30 per ton WoW. The price fall was supported by weaker upstream crude rates and sluggish regional demand trends. In plant news, Tosoh Corp is likely to undertake a maintenance shutdown at its naphtha cracker on March 5, 2020. The cracker is expected to remain under maintenance till April 20, 2020. Located at Yokkaichi in Japan, the cracker has an ethylene production capacity of 527 kta and a propylene production capacity of 315 kta. In other plant news, PTT Global Chemical (PTTGC), is likely to restart its No. 2 cracker, by end-February 2020. The cracker was shut for a maintenance turnaround on January 20, 2020. Located at Map Ta Phut, Thailand, the No. 2 cracker has an ethylene production capacity of 400 kta.

Date: 
2020/02/27