Across Asia, ethylene market dynamics remained unchanged on Monday, with both Northeast and Southeast markets seeing sustained price stability. CFR Northeast Asia prices held at USD 815–825/mt and CFR Southeast Asia remained firm at USD 825–835/mt, mirroring Friday’s levels.
Despite an uptick in energy benchmarks, the market showed limited trading momentum. A regionally based industry source explained that buyers largely stayed out of the market, with most traders inactive amid a muted mood and unchanged naphtha prices.
On the supply side, developments in China point to upcoming capacity shifts. China Coal Mengda New Energy & Chemical is expected to recommission its 300,000 mt/year LLDPE unit in Ordos by end‑July 2025, following a mid‑July maintenance shutdown. This restart is likely to marginally increase ethylene-derived output in the region.
In summary, Asia’s ethylene market remains in a holding pattern, sideways prices amid cautious sentiment. Unless downstream demand rebounds significantly or new supply constraints emerge, prices are expected to remain range‑bound in the near term.
