Ethylene prices showed mixed movements across Asia on Wednesday, with Northeast Asia edging higher while Southeast Asia remained unchanged.
CFR Northeast Asia prices were assessed at USD 840–850/mt, up by USD 5/mt from Tuesday. A regional industry source told that, “Ethylene prices in Northeast Asia saw an increase, backed by a rise in local purchasing sentiments. The price increases were additionally consistent with a slight uptick in upstream crude prices.”
In contrast, CFR Southeast Asia ethylene values held steady at USD 825–835/mt, reflecting balanced market dynamics in the region.
Meanwhile, on the supply side, PetroChina Fushun Petrochemical has reportedly halted operations at its cracker in Liaoning for maintenance earlier this week. The unit, with an annual ethylene capacity of 850,000 mt, is offline, though the exact timing and duration of the shutdown remain unconfirmed. No official statement has yet been issue
