Ethylene prices plummeted dramatically in Asia on Monday.
An anonymous industry source in Asia notified a Polymerduniya team member that “prices declined in line with weaker naphtha values coupled with a bearish purchase pulse in the Asian market.”
On Monday, CFR North East Asia ethylene prices were estimated at USD 815-825/mt, down USD (-30/mt) from Friday’s levels.
CFR South East Asia ethylene prices were estimated on Monday at USD 825-835/mt, a substantial decrease of USD (-30/mt) from Friday.
In plant news, GS Caltex will operate its cracker at reduced capacity levels. Throughout July 2025, the business expects to operate its cracker at 80-85% capacity. The reason for the production cut could not be determined. The cracker, located in Yeosu, South Korea, can produce 900,000 mt of ethylene per year.
