News Code : 42508

Petrotahlil :
Ethylene: Down in Asia | Stable in Europe | Down in US
• Asia’s spot C2 market slumps for 2nd week 
• PE regains its premium over ethylene in China 
• European C2 stable at more than 3-month high 
• Ample supplies continue to weigh on US C2 market 
• Spot prices see weekly drops of around $11-22 in US
• Spot prices: CFR Northeast Asia $1030 | CFR Southeast Asia $930 | FOB South Korea $970 | FD NWE €860-865| FD USG $331-342

 

Propylene: Down in Asia | Stable in Europe | Down in US
• Asian spot C3 market falls $25-30 on week 
• Lower domestic prices in China weaken import demand 
• C3 supplies ample, market activity thin in Europe 
• Decreasing trend in spot C3 market resumed in US 
• Spot prices defy lower supplies, production issues in US
• Spot prices: CFR China $900 | FOB South Korea $890 | FD NWE €900-905 | FD USG $700-711

 

Styrene: Up in Asia | Up in Europe | Up in US
• Spot styrene sees slight weekly gains in Asia 
• Sentiment firm, yet slumping C2 puts pressure on styrene 
• European spot styrene market up $40 on week 
• Limited supply, firm Europe push US styrene higher 
• Spot prices hit highest levels since early Nov in US
• Spot prices: CFR China $1080-1085 | FOB South Korea $1040-1045 | Ex-tank Zhangjiagang $1092-1095 | FOB NWE $1050 | FOB USG $1025-1036

 

VCM: Stable in Asia | Stable in Europe | Down in US
• Asian VCM flat despite bearish PVC sentiment 
• Spot prices find support from limited supplies in Asia 
• VCM flat amid tightness, stable PVC demand in Europe 
• Spot VCM prices in US edge down by $5 on week 
• Softening emerges in line with export PVC prices in US
• Spot prices: CFR Far East Asia $740 | CFR Southeast Asia $760 | FOB NWE $670 | FOB USG $635-645

 

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