On Tuesday, ethylene prices in the United States experienced a mild decline amid subdued market activity and softer deal levels. Spot ethylene delivered to the U.S. Gulf was assessed at 24.00–24.50¢/lb, marking a drop of 0.50¢/lb from Monday’s range. An industry insider observed that “ethylene prices were assessed down in the week amid deals concluded at lower levels,” highlighting a cautious tone that weighed on trading dynamics.
Meanwhile, ethylene markets in North East Asia held steady. CFR North East Asia prices were assessed at USD 820–830/mt, remaining flat compared to Monday’s levels, a signal that regional supply-demand conditions are currently balanced.
The U.S. market’s dip reflects a period of deliberation among buyers and sellers, likely driven by inventory considerations or delayed downstream demand. In contrast, Asia’s stability suggests market participants there are taking a wait-and-see approach rather than pushing for immediate price shifts.
