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                                  Ethylene prices firm up in parts of Asia on Tuesday

                                  Petrochemical industry | 03 Jun 2020 08:30 IST | www.wellfsjwp.cn

                                  Ethylene prices marched higher in the South East Asian regions on Tuesday. Prices firmed, as demand trends continued to remain strong coupled with stronger upstream crude and naphtha values.

                                  Reports of persistent tight regional product avails, further supported the price gain.

                                  CFR South East Asia prices were higher at the USD 675/mt levels, a day on day spike of USD 30/mt.

                                  CFR North East Asia ethylene prices were assessed steady at the USD 710/mt levels.

                                  In plant news, Sinopec SABIC Tianjin Petrochemical, has taken off-stream its naphtha cracker, on May 9, 2020, for a maintenance turnaround. The cracker is likely to remain under maintenance for about two months. Located at Tianjin, China, the cracker has an ethylene production capacity of 1 million mt/year and propylene capacity of 540,000 mt/year.

                                  In other plant news, BASF-YPC, has undertaken a planned shutdown its naphtha cracker on April 30, 2020. The cracker is expected to remain under maintenance till mid-June, 2020. Located in Jiangsu, China, the cracker has an ethylene capacity of 750,000 mt/year and propylene capacity of 400,000 mt/year.
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