According to Platts Singapore December 29 news, Standard & Poor's global Platts Energy Information show that December 28, 2017, the price of ethylene in Asia than the previous day up 11 USdollars / tonne, rose to 942 USdollars / ton , The highest level since Sept. 12, when the price was $ 949 / tonne, with ethylene glycol (CFR China) up $ 22 / tonne from a week earlier.
Affected by tight spot supply and the impact of rising crude oil prices in the West, Ethylene glycol prices in Asia rose sharply in the past week.According to Platts Energy Information show that December 28 February delivery of Brent crude oil futures prices Up $ 2.01 / barrel from the previous day to $ 66.62 / barrel.
Despite the rise in ethylene glycol prices, ethylene production in Asia, based on spot prices, is still at a loss, with a loss of $ 36 per tonne on December 28. With the high ethylene feedstock prices, the profitability of ethylene glycol in Asia Still under pressure.