Chemical Industries – The CFR Far East Asia and CFR Southeast Asia markers

Chemical Industry

RATIONALE:

AA: The CFR Far East Asia and CFR Southeast Asia markers were both assessed stable on week at $445/mt Friday, amid stable Chemical Industry fundamentals. The CFR South Asia marker was assessed at $440/mt CFR, $5/mt lower week on week, under an offer of $445/mt CFR. The FOB China price was assessed at $395/mt Friday, unchanged week on week, under offers at $405-$410/mt FOB China. VAM: VAM was assessed at $975/mt CFR China Friday, stable week on week, under an offer of $980/mt CFR China. The Southeast Asia marker was assessed at $945/mt CFR Friday, unchanged from last week, under an offer of $950/mt CFR. The South Asia Chemical Industrial marker was unchanged week on week at $970/mt CFR, amid thin discussions. There are no assessments Friday as it is a public holiday.

RATIONALE:

S&P Global assessed acetic acid spot truck prices at Eur700/mt FD NWE on Friday, stable on the week. The product was heard pegged at around this level by Chemical Industry participants. Acetic acid FOB NWE was assessed at $700/mt, also stable and in line with FD price. Vinyl acetate monomer spot trucks were assessed stable on the week at Eur900/mt FD NWE Friday and in line with source indications at a Eur840/mt to above Eur900/mt range. FOB NWE VAM Chemical Industry was assessed stable at $975/mt, in line with FD price movement.

RATIONALE:

Dioctyl phthalate was assessed unchanged on the week at $1,045/mt CFR China Friday, as price discussions were heard around that level. The CFR SEA Chemical Industry was assessed up $20/mt over the same period at $1,310/mt, as five trades were concluded between $1,300/mt and $1,320/mt CFR SEA. Phthalic anhydride was assessed up $5/mt on the week at $945/mt CFR China, with price discussions heard around $945/mt CFR China. The CFR SEA marker was assessed unchanged on the week at $1,060/mt, based on trades concluded at $1,060/mt CFR SEA. 2-EH was assessed up $10/mt at $1,070/mt CFR China Chemical Industry, below selling indications at $1,080-$1,150/mt CFR China, and above a buying indication at $1,050/mt CFR China. The SEA marker was assessed up $10/mt on the week at $1,110/mt CFR SEA, below a selling indication at $1,120/mt CFR SEA. Normal butanol was assessed unchanged on the week at $910/mt CFR China on muted trading. The SEA marker was flat at $890/mt CFR SEA.

RATIONALE:

S&P Global assessed the European Chemical Industry MTBE factor at 1.144 on Friday, unchanged from Friday. ETBE was assessed at a $150/mt premium to MTBE, also stable, with no disproving indications heard.

RATIONALE:

EDC (Chemical Industry): Ethylene dichloride was assessed down $10/mt week on week at $390/mt CFR Far East Asia Friday, with a tradable level heard at $380-$390/mt. The CFR Southeast Asia marker was assessed down $10/mt at $410/mt over the same period, in line with the falling FE Asia Chemical Industry.

VCM (Chemical Industry) : Vinyl chloride monomer was assessed down $40/mt week on week at $660/mt CFR Far East Asia Friday, after a deal was heard done at $660/mt CFR FE Asia. The CFR Southeast Asia VCM price was assessed down $30/mt over the same period at $700/mt in line with the falling FE Asia Chemical Industry.  S&P Global closed its Chemical Industry On Close assessment process at 12:30 pm Singapore time (0430 GMT) Friday ahead of the Easter holiday Friday.

RATIONALE:

The FOB Singapore MTBE Chemical Industry was assessed down $6/mt day on day at $758/mt Friday pressured by softer crude oil and 92 RON crack. The 92 RON crack against front-month ICE Brent futures was assessed at $7.76/b, down 14 cents/b on-day. Asian MTBE prices were assessed down $20/mt from last Friday. There are no assessments Friday as it is a public holiday. The marker takes an average of the 15th to 20th day laycans, currently May 3 to May 28. During the Chemical Industry on Close assessment process, no bids or offers were registered. The MTBE factor was assessed at 1.128.

Chamical Industry
Chamical Industry

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