(Bloomberg) -- A $300 a metric ton difference between ethylene prices in Europe and Asia may boost European imports of the oil-based chemical from Iran, said Yoshinori Hasegawa, a broker at Ginga Petroleum (Singapore) Pte.
Iran's Petrochemical Commercial Co., which sold a cargo of ethylene to Europe for loading in the last week of April, can get a higher profit from selling to Europe than to Asia. The company typically exports ethylene to Qatar, India, and Asia.
Read more at Bloomberg Energy News
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