Due to weak European markets , Asian ethylene prices are relatively high, Mexican ethylene traders plan in mid- April exports of nearly 4,000 tons of ethylene to Asia. However, insiders said , because it is difficult to rent a boat , the possibility of such a successful transaction is relatively small.

Mexico usually ethylene exports to Europe countries, such as Belgium. Pulitzer data show that exports of 4,000 tons of goods from Mexico to Europe, shipping is about $ 250 / t . The traders and brokers have said that Mexico needs to Asian Maritime month , is expected to take at least a freight around $ 400 to 500 / t. So, Mexico ethylene CFR South East Asia prices of $ 1320 ~ 1420 / ton , while the price of $ 1170 CIF Northwest Europe / ton.

There are traders said , even though arbitrage can play a role , it is difficult to find a suitable freighter . Because this is not a typical route, the owners may be reluctant to take such a risk . Moreover , traders do not want to turn back when the boat is empty.

However , there are a case of 9000 tons of cargo in Europe want to export to Asia in June , has yet to offer, but the seller said to bid $ 1,350 / ton (CFR, Northeast Asia ) . Market participants said the deal reached Europe to Asia is unlikely , since the second half of this year is expected to be very adequate supply in Asia .(http://www.lubonchem.com supply)