Japan Chemical Trading Blog
Ethylene Price Trending Down in East Asia
According to an article in the Nikkei Newspaper, a leading Japanese daily economic press, dated March 29th, the current spot price of ethylene in East Asia decreased by about 6% compared with the start price for the year, to US Dollar 1450-1460 per ton.
The most recent peak price was marked about a month ago. However, combined with the sluggish mood of the Chinese economy and the ending of last-minute demand for ethylene, which is a resin material for the automobile and construction industries, before the increase in consumption tax in Japan has caused the sluggish price trend. The number of resin trade inquiries is also decreasing.