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Asian Vinyl: Sesame Blossoms - Rising High

 Last Update: 2022-08-16
 Source: Internet
 Author: User

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The Asian ethylene market has bottomed out since reaching a record low at the end of Apr.

Crude oil bottoms out

As a raw material for cracking in the ethylene industry, naphtha gives important guidance to ethylene in As.

tight supply

Domestic demand is strong, while the Eurasian arbitrage is closed, and the overall market supply continues to be tight due to the overhaul of multiple installations in China and Japan and the low operating rate of domestic MT.

strong demand

The downstream derivatives styrene, ethylene oxide and PVC have good profits and are still the main source of dema.

In summary, Asian ethylene prices may remain firm in the short te.

Polyethylene (PE) is a polymer made of ethyle.

late trend

Affected by the lack of supply, ethylene prices may remain firm in Ju.

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