Sources said that the price decisions came before the government announced fuel price hikes by 30% across the country, which means, the producer might implement some increases in the coming days to reflect the higher delivery costs.
At the time of this report, purchasing activities remain very much mediocre as buyers shrugged off the rising ethylene costs. Compared to the previous week, the average ethylene price surged more than $50/ton to $900/ton CFR Northeast Asia as of 30 August.