European ethylene prices offered a blend of upward and downward cues on Tuesday, reflecting the tug-of-war between limited demand and early restocking activity. Assessments for CIF Northwest Europe (NWE) moved slightly higher to USD 745-755 per metric ton, a modest day-on-day uptick of USD 5/mt.
However, some market participants highlighted a softer undertone despite this rise. An industry source in Europe reported that trading activity remained muted, with few offers surfacing during the latest session. Persistent weakness in local gasoline blending demand continued to exert downward pressure, tempering any sustained price climb.
Meanwhile, FD NWE ethylene prices held steady at EUR 675-685 per metric ton, unchanged from Monday’s assessments. Another source noted that buying interest stayed limited but pointed to early signs of stronger demand as a handful of buyers cautiously began replenishing inventories. This hint of renewed activity could signal a potential shift if downstream consumption strengthens in the coming weeks.
Across Asia, the market maintained a calm stance. CFR Northeast Asia ethylene prices were assessed flat at USD 845-855 per metric ton, showing no movement from the previous day. The steady Asian sentiment provided little influence on the European market, leaving regional fundamentals as the main driver for price direction.
Industry observers are watching closely to see whether European restocking gains momentum or if the drag from weak gasoline blending demand will dominate, setting the tone for ethylene’s near-term trajectory.
