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Supply constraints push Asian ethylene and propylene markets up

April 12/2012
(plastemart) -- Spot ethylene and propylene markets firmed up further over the past week in Asia. Overshadowing thin trading activity amidst short holidays in the region as well as lower naphtha values, supply constraints drove the bullish trend.

Supply was affected by ongoing production outages at regional crackers. More crackers are due to be brought offline for maintenance in the next couple of months. Spot ethylene gained over week , while the increase amount was even larger with respect to early March. The market was calm as Chinese players were on holiday for most of last week due to Qing Ming Festival that took place from April 1-3.

Overshadowing weak demand from downstream markets, restricted availability led spot ethylene offers to remain on their firm path for another week.
Author:Anna Larionova
Tags:propylene, ethylene.
Category:General News
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