Ethylene prices edged lower across Europe on Tuesday, weighed down by hesitant buyers and a market still awash with supply. Traders said high inflation and elevated interest rates are keeping downstream demand soft, undermining any lift from recent production cutbacks.
Market sources told that even with European producers trimming output, the region remains oversupplied, leaving prices under steady pressure. Ethylene was assessed at USD 730–740 per metric ton CIF Northwest Europe, down fifteen dollars from the previous day. FD NWE values mirrored the slide, settling at EUR 665–675 per metric ton, a ten-euro drop on Monday’s levels.
Across Asia, by contrast, ethylene held firm. Prices were steady at USD 840–850 per metric ton CFR Northeast Asia, showing no immediate spillover from the European softness.
With demand constrained by macroeconomic headwinds and financial tightening, European ethylene enters mid-week on a weaker footing, while Asian markets watch for any ripple effects.
