Ethylene prices trend lower in the U.S. amid elevated inventories and muted buying interest

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Last week, ethylene prices continued to fall in the United States.

An sector source in the U.S. told a Polymerupdate team member, “U.S. spot ethylene prices moved reduce as weaker energy and naphtha markets reduced upstream cost support and weighed on market sentiment. Ample product availability, elevated inventory levels, and steady production rates kept supply conditions comfortable, while weak demand from both domestic derivative sectors and export markets limited buying interest. reduce offer levels and softer pricing trends in Asia further reinforced the bearish outlook, resulting in continued downward pressure on the U.S. ethylene market.”

Ethylene spot prices were assessed at 24.50–25.00 cents/lb FD U.S. Gulf levels, a week-on-week decline of (-5.00 cents/lb).

Meanwhile, in Asia, ethylene prices were assessed at USD 985-995/mt CFR Northeast Asia levels, a tumble of USD (-110/mt) from the previous week.

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