Sell & Procure

NWE Styrene Chemical Industry – Spot prices fall on weak demand, oversupply

Chemical Industry

Chemical Industry news of NWE Styrene – Imports from US add to supply – Asia highest-priced region The European styrene Chemical Industry fell significantly Thursday on weak demand and oversupply. S&P Global  assessed styrene for loading 5-30 days forward at $1,039/mt FOB ARA Thursday, down $42.50 from Thursday. Despite the fall in European prices buyers …

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NWE Benzene Chemical Industry – Market slips as prompt interest wanes

Chemical Industry

Chemical Industry news of NWE Benzene – Prices move downwards towards June – Potential imports could cap July prices The 5-30 days forward assessment for benzene was down $3/mt at $749/mt CIF ARA on Thursday, as interest in the front end of the Chemical Industry waned and the laycan rolled forward, accommodating more of the …

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Asian EDC/VCM Chemical Industry: EDC falls $25/mt, VCM stable to $20/mt higher

– EDC hits 9-month low despite stable US Chemical Industry – VCM rebounds in line with rising PVC EDC Chemical Industry: Asian ethylene dichloride fell $25/mt week on week to a nine-month low Friday. EDC prices in the US, the main supplier to Asia, remained stable, with the FOB USG price assessed unchanged on the …

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Asia and Middle East Naphtha Market Commentary

Chemical Industry

Holidays in Japan and other regions in the Far East have kept trading activity thin in the Asian naphtha market Friday. At 0300 GMT, the new second-line trading cycle — H1 July delivery laycan — the CFR Japan naphtha physical was measured at a notional crack level against the July ICE Brent crude futures at …

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Asian MTBE Chemical Industry: Falls $14/mt on weaker 92 RON

Chemical Industry

Chemical Industry news of Asian MTBE – 92 RON Cracks fall 80 cents/b at $6.69/b – Refinery restarts, capacity additions put pressure Asian MTBE Chemical Industry was assessed down $14/mt day on the day at $721/mt FOB Singapore Thursday, under pressure from active selling interest as well as a weaker 92 RON gasoline crack against …

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NWE Xylenes – MX Chemical Industry activity yet to pick up

Chemical Industry

– MX premiums stable – OX spot holds firm; continues to outpace PX European mixed xylenes Chemical Industry activity failed to pick up on Wednesday, defying traders’ expectations at the end of last week. Supply that has been building up through April continued to see little demand from the spot market. European MX premiums were …

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Asian Benzene Chemical Industry – Falls $13/mt tracking weakness upstream

Chemical Industry

Chemical Industry news of Asan Benzene – East China domestic material cheaper than imports – China’s benzene inventory rises 2,000 mt on week Benzene Chemical Industry retreated $13/mt from last Wednesday to $618/mt FOB Korea Wednesday, tracking the weakness in upstream western crude benchmarks. June ICE Brent futures fell $2.56/b (3.45%) over the same period …

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Asia and Middle East Naphtha Market Commentary

Imported Data

Fresh demand has emerged in the Asian naphtha market, helping to keep the supply/demand fundamentals balanced, market sources said Friday. Malaysia’s Lotte Chemical Titan, purchased two cargoes of 25,000 mt full-range naphthas, with minimum paraffin content of 77% for first-half June delivery, at a low single premium to the Mean of Japan naphtha assessments, CFR, …

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