Ethylene markets across Europe and Asia opened the week without any notable price movement, as cautious trading and muted demand continued to shape market dynamics. Market participants in Europe highlighted subdued buying activity, with many buyers choosing to remain on the sidelines in response to ongoing uncertainties in both feedstock and downstream sectors.
In the European market, CIF NWE ethylene prices on Monday were assessed at USD 755–765 per metric ton, unchanged from the previous Friday. FD NWE prices were similarly stable, assessed at Euro 675–685 per metric ton. An industry source in the region, speaking anonymously, told a team member that “buying activity in the region was reported to be subdued,” adding that buyers were reluctant to commit to fresh purchases due to persistent market uncertainty. This cautious approach reflects a broader hesitancy among traders and converters, many of whom are waiting for clearer signals before entering into new contracts.
In Asia, ethylene prices also maintained a steady trajectory. On Monday, assessments for CFR North East Asia were reported at USD 835–845 per metric ton, unchanged from Friday’s levels. The stability highlights balanced market conditions, with sufficient supply meeting steady demand across the region. However, market observers caution that any changes in operating rates at regional crackers or shifts in downstream derivative consumption could quickly alter the pricing landscape. For now, both Europe and Asia appear to be navigating a period of consolidation, with limited appetite for aggressive buying or selling.
