Month: February 2019

Asian Oxo Alcohols: SEA DOP market up $50/mt on week as buying perks up

Imported Data

– Nan Ya to postpone restart of 2-EH unit to Mar 10 – Nan Ya to delay No.3 PA lines restart to May The dioctyl phthalate market strengthened this week amid the return of buyers in China and Southeast Asia. “We see many buyers coming back to restock after the Lunar New Year,” said a …

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Asian CPL: Rose $50/mt on week amid firm demand

– Caprolactam operating rate hits 81% in China – Market direction seems positive amid peak season Asian caprolactam prices rose week on week on firm demand. Previously in December and January markets were weak so most downstream producers’ demand was low and ended up with low inventories but now they have emerged with buying needs …

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NWE MTBE/ETBE – Ratio to Eurobob firm on muted activity

– MTBE factor flat at 1.154 – Absence of buying interest The European MTBE market was mostly quiet Friday, according to sources, maintaining a steady relationship to Eurobob gasoline. The MTBE factor, the ratio of MTBE to Eurobob gasoline, was assessed flat on the day at 1.154 Friday. A prompt offer was left outstanding during …

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US MTBE: Differential to Northwest Europe moves into premium

– Last heard spot deal heard at FOB ARA plus 4-5 – Asian, European MTBE firm on day Spot Gulf Coast MTBE’s discount to Northwest Europe reversed into a premium Friday on the back of the last heard spot deal. After nearly three weeks of being seen at a discount to the FOB ARA marker, …

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Asian MTBE: Rises $10/mt tracking 92 RON gasoline higher

– Gasoline fundamentals improve – 92 RON-Brent spread flips to positive Asian MTBE prices rose $10/mt to $647/mt FOB Singapore Friday, largely tracking 92 RON gasoline prices higher in thin trade. There were no bids or offers during the Market on Close assessment process. Tradable indications on a CFR Singapore basis were heard at a …

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Asian EDC/VCM: SE Asia EDC/VCM firmer amid tight supply

– FE Asia stable amid stable offers for Mar PVC – VCM supply tightens on Asahimas outage EDC: Asian ethylene dichloride was assessed stable to $15/mt higher week on week Friday. While an additional 5,000-10,000 mt of spot supply would be available every month from March in Far East Asia, the EDC market would likely …

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The CFR China propylene market remained stable

The CFR China propylene market remained stable Friday in thin trade, but some participants were expecting activity to pick up next week on restocking by Chinese buyers. The Shandong propylene price was down Yuan 50/mt on the day at Yuan 7,550/mt, while the East China domestic price remained stable over the same period at Yuan …

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Asian monoethylene glycol prices edged $2/mt higher day on day

Asian monoethylene glycol prices edged $2/mt higher day on day, supported by the firmness in the Dalian Commodity Exchange. The most actively trade June futures contract on DCE closed Yuan 27/mt higher than Thursday at Yuan 5,142/mt Friday. MEG supply a hit record high of around 1.191 million mt at eastern ports of China. It …

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Asian ethylene was assessed stable day on day

Asian ethylene was assessed stable day on day Friday. From a week earlier, spot prices inched up $5/mt. Asian ethylene started firmer this week, with a deal heard to have been done at $1,200/mt CFR Northeast Asia earlier this week. After the spot price hit the four-month high, the price increase has stalled amid narrowing …

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The China methanol market was assessed stable Friday on thin trade.

The China methanol market was assessed stable Friday on thin trade. Week on week, ample supply from China hurt prices. The most active May contract on Zhengzhou Commodity Exchange settled Yuan 7/mt higher at Yuan 2,522/mt Friday. This, however, was not a significant change, said most market players. Inventories in China were heard high, and …

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