The conflict between the U.S., Israel and Iran has disrupted oil flows through the Strait of Hormuz, pushing up crude oil prices. Higher crude costs have lifted gasoline and diesel prices, contributing to broader inflation. Supply constraints are expected to keep prices elevated until mid‑2027.
The brokerage lifted its December 2026 Brent crude price forecast, citing persistent Middle East supply risks that could keep premiums high. At the same time, oil prices slipped on expectations of increased Russian supplies after a US‑brokered energy‑facility truce. Together, the signals point to mixed near‑term direction with upside bias.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Ethylene | China | CFR | USD 1,237.00/MT | August 2026 |
| Ethylene | India | CIF | USD 1,328.00/MT | August 2026 |
| Ethylene | USA | CIF | USD 1,393.00/MT | August 2026 |
| Ethylene | Japan | CIF | USD 1,271.00/MT | August 2026 |
| Ethylene | South Korea | CIF | USD 1,267.00/MT | August 2026 |
| Ethylene | China | CFR | USD 1,251.00/MT | July 2026 |
| Ethylene | India | CIF | USD 1,358.00/MT | July 2026 |
| Ethylene | USA | CIF | USD 1,438.00/MT | July 2026 |
| Ethylene | Japan | CIF | USD 1,284.00/MT | July 2026 |
| Ethylene | South Korea | CIF | USD 1,281.00/MT | July 2026 |
Stay updated with the latest Ethylene prices, historical data, and tailored regional analysis
Asia
In China, the average price of Ethylene eased from ~USD 1,251.00/MT (CFR) in July to ~USD 1,237.00/MT in August. India saw a larger drop of about 2.2%, from ~USD 1,358.00/MT (CIF) to ~USD 1,328.00/MT. Chinese supply grew, as official data showed ethylene output rising 3.6% in August from a year earlier, driven by new capacity rather than higher refinery runs. Regional crackers also used more LPG, which traded at a wide discount to naphtha, lowering production costs. However, prices rebounded sharply in early September as buyer sentiment improved, spot supply tightened and energy values rose. Planned shutdowns at Korean crackers from September to November are expected to reduce regional supply.
Europe
European ethylene prices fell sharply in July, as oil prices dropped after a temporary US–Iran thaw and weak demand and high inventories added pressure. Contract values then stayed broadly flat through August and September. Spot ethylene traded at a large discount to contract prices, showing ample prompt supply, and imported ethylene became cheaper in September. LyondellBasell expected to run its European olefins plants at about 70% in Q3, reflecting soft demand.
North America
In the USA, average ethylene import prices declined from nearly USD 1,438.00/MT (CIF) in July to roughly USD 1,393.00/MT in August, a fall of ~3.1%. Domestic Gulf Coast ethylene stayed broadly flat and far cheaper than in Asia and Europe, thanks to low-cost ethane feedstock, which reduced the need for imports and pushed import offers lower. North American plants were expected to run at about 85% in Q3, slightly lower than in Q2, due to planned maintenance.
Analyst Insight
According to Procurement Resource, ethylene prices could firm modestly as Asian cracker shutdowns tighten supply, but weak derivative demand and well-supplied Western markets are likely to curb a strong rally.
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Asia
In China, the monthly average ethylene price was ~RMB 9.78/kg in April and about RMB 8.48/kg in the subsequent month, showing a decrease of ~13.2%. Similarly, in Japan, the monthly average ethylene price was around JPY 238.91/kg in April and approx. JPY 207.54/kg in the subsequent month, showing a decrease of ~13.1%. In South Korea, the monthly average ethylene price was ~KRW 2,291.69/kg in April and around KRW 1,986.70/kg in the subsequent month, showing a decrease of ~13.3%. Prices dropped once initial increases related to supply shocks subsided as disruptions in the Middle East have reduced along with this demand for polyethylene products has also weakened.
In India, the monthly average ethylene price was approx. RMB 142.02/kg in April and ~RMB 125.52/kg in the subsequent month, showing a decrease of ~11.6%. Prices softened in line with broader Asian correction as import availability improved and downstream demand from polymer processing sectors slowed after earlier supply-driven volatility.
Europe
In Europe, ethylene prices corrected after an earlier sharp spike driven by Middle East supply disruption and elevated energy-linked feedstock costs. Despite tight cost conditions from global supply risk, downstream demand from packaging and construction-linked polymer sectors remained weak, while industrial production growth stayed limited, leading to resistance from buyers and subsequent price easing as supply concerns moderated.
North America
In North America, the monthly average ethylene price was approx. USD 1,527.44/MT in April and ~USD 1,369.19/MT in the subsequent month, showing a decrease of around 10.4%. Prices corrected as export demand weakened after earlier PE shipment surges, while inventories rose and derivative demand from polyethylene markets slowed. Reopened European supply channels further reduced export support, adding downward pressure.
Analyst Insight
According to Procurement Resource, ethylene prices are expected to remain volatile but gradually softer, as easing feedstock constraints and weakening downstream polyethylene demand outweigh temporary supply-side disruptions.
Ethylene appears as a colourless gas with a sweet odour and taste. It is lighter than air. It is the simplest alkene and flammable in nature. It is extensively used in the industrial sector to produce polyethylene, a widely used plastic having polymer chains of ethylene units. It can also be hydrated to produce ethanol.
C2H4
Polymerisation, Oxidation, Intermediates, Halogenation and hydrohalogenation, Manufacturing, Plasticisers, Hydration and oligomerisation, Processing aid, specific to petroleum production
Ethene, Green ethylene
Saudi Basic Industries Corporation (SABIC), Dow Chemical Company, LyondellBasell Industries Holdings B.V., INEOS Capital Limited, Chevron Phillips Chemical Company LLC
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
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Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In this process, ethane is used as a feedstock and is heated at a temperature ranging from 750 to 950 °C with steam. This results in the conversion of large and complex hydrocarbons into smaller ones and further causes unsaturation, which finally produces Ethylene.
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In this process, n-butyraldehyde is first condensed to 2-ethyl propyl acrolein and then reacted with hydrogen to form 2-Ethylhexanol.
The report contains the cost analysis of PET production using DMT process.
Green Ethylene Manufacturing Plant Project Report thoroughly focuses on every detail that encompasses the cost of manufacturing. Our extensive cost model meticulously covers breaking down expenses around raw materials, labour, technology, and manufacturing expenses. This enables precise cost structure optimization and helps in identifying effective strategies to reduce the overall cash cost of manufacturing.
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