Ethylene prices across Asia showed no movement on Tuesday, remaining steady at USD 815–825/mt CFR North East Asia and USD 825–835/mt CFR South East Asia, in line with Monday’s assessments.
Despite bullish energy trends and volatile crude markets, industry sources report a cautious market mood with limited trading activity. The prevailing sentiment remains subdued, with buyers shelving fresh orders and maintaining a wait‑and‑see approach.
Meanwhile, Yulong Petrochemical has brought its 500,000 t/year HDPE/LLDPE swing unit back online in Longkou, China, following a mid‑July maintenance shutdown.. The unit adds flexibility to resin output but also signals continued upstream ethylene availability in the near term.
Overall, the divergence between firm upstream supply and cautious downstream sentiment is keeping ethylene prices flat, a reflection of market inertia rather than firm demand drivers.
