Chemicals Update

Aromatics Naphtha | Daily Report | 23rd August 2018

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The Asian naphtha complex failed to receive much support Wednesday amid the excess surplus in the region, and subdued demand in the North. Apart from the tepid demand on paraffinic naphtha front, the requirement for heavy full range naphtha slowed substantially, contributing to the pullback on any support to the fundamentals, a market source said. …

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China announces 25% tariff on US-origin benzene – 10th August – Daily Chemicals Report

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FOB Korea benzene inched lower by $1.33/mt week on week to $874.67/mt Friday, despite a notable increase in inquiries from buyers in China and Taiwan. The bearishness in the market over the week leading up to Friday was largely due to weakness in upstream crude oil, with ICE October Brent crude futures falling $1.49/b week …

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ACN Pricing Assessments and Ineos price Revision

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The arbitrage to send ACN pricing butadiene styrene to European countries from Asia is starting amid falling prices in the latter region, according to data. The ABS FD NWE price was assessed at Eur2,020/mt ($2,183/mt) Wednesday, as the ABS CFR China price was assessed at $1,790/mt. Acquiring $100/mt to cover freight and additional administrative costs, …

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Isopropyl Alcohol Price Increased by Shell Chemical

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Shell Chemical will increase US isopropyl alcohol prices by 5 cents/lb effective March 15, the ongoing company said. The company didn’t cite any specific reasons in a letter to customers seen on Tuesday, but Shell does add that the March 15 increases will maintain addition to any previously announced increases for March. Shell Chemical Joined …

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