On Wednesday, U.S. ethylene prices retreated modestly as weaker deal levels emerged in the merchant market. The FD US Gulf spot rate was assessed at 28.00–28.50 ¢/lb, down 0.50 ¢/lb from Tuesday, according to a U.S.-based industry source. The bearish tone reflected softer buying inquiries and subdued downstream demand, as participants sought lower levels to secure volumes.
Meanwhile, ethylene markets in Asia remained flat. CFR North East Asia prices were steady at USD 815–825/mt, unchanged from prior assessments. Market activity continued to be muted, with buyers holding a cautious stance despite modest changes in underlying feedstock costs.
With U.S. supply tightening via reduced merchant availability and persistent cautious sentiment in Asia, both regions are exhibiting a surprisingly steady equilibrium, though U.S. softness may signal emerging pressure if demand doesn’t pick up.
