According to Platts, March 15, Singapore, data from Standard & Poor's Platts Global Energy Corporation shows that this week's ethylene price differential between Asia and the United States has been strong given the strong Asian market and the rapid decline in ethylene prices in the United States. Near the new high historical plaque.
Platts data shows that the price gap between ethylene in Asia and the US rose by US$52.55/ton on Tuesday, hitting a record high of US$943.68/ton. The price differential on Wednesday dropped by US$11.02/ton but remained at US$932.66/ton. In the high zone, the spread was stable at 932.66 U.S. dollars per tonne on Thursday.
The spreads between ethylene in Asia and the United States have been much higher than the US freight costs to Asia at $400/ton.
According to Platts data, FD US ethylene price in the West Bay was 402.34 US dollars / ton on Thursday, while CFR Northeast Asia ethylene price reached 1355 US dollars / ton.