Due to the large fluctuations in crude oil prices, the buying atmosphere in the venue remained cautious. This week Asian ethylene prices remained stable. The price difference between ethylene and HDPE has been low since April, at 30 US dollars/ton on Monday, and manufacturers need at least 150 US dollars/ton spread to reach break-even. The price difference between naphtha and ethylene in Northeast Asia was Monday at 675.5 U.S. dollars per ton. Although demand for downstream PE was weak, styrene demand was strong.
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