News Code : 42584

Petrotahlil-
Ethylene: Up in Asia | Up in Europe | Down in US
• Spot C2 prices climb $25-30 on week in Asia 
• Asian supplies diminish due to turnaround season 
• European C2 continues to chase slightly firming trend 
• Expectations for April C2 contracts call for €10-20 gains 
• US market declines further despite firmer Asia, Europe
• Spot prices: CFR Northeast Asia $1095 | CFR Southeast Asia $990 | FOB South Korea $1035 | FD NWE €875-880| FD USG $314-325
 
VCM: Down in Asia | Stable in Europe | Down in US
• Spot VCM down further by $20 on week in Asia 
• Asian VCM follows weaker PVC market 
• European VCM market holds steady 
• Spot VCM edges down by $5 on week in US 
• Softening emerges in line with PVC in US
• Spot prices: CFR Far East Asia $710 | CFR Southeast Asia $730 | FOB NWE $680 | FOB USG $630-640
 
Propylene: Stable in Asia | Up in Europe | Down in US
• Asian C3 market flat on subdued trading 
• Spot C3 edges up in Europe despite healthy supplies 
• Expectations on April C3 contract call for slight increases 
• Initial March C3 contract settles lower in US 
• Spot C3 prices in US move back down
• Spot prices: CFR China $905 | FOB South Korea $870 | FD NWE €905 | FD USG $711-722
 
Styrene: Up in Asia | Up in Europe | Up in US
• Styrene posts weekly gains in Asia despite ongoing volatility 
• Spot prices up around $15 on week in Asia 
• European styrene remains bullish on strong demand 
• Spot styrene jumps $50 from a week earlier in Europe 
• US styrene sustains rising trend amid limited supplies
• Spot prices: CFR China $1100-1105 | FOB South Korea $1060-1065 | Ex-tank Zhangjiagang $1093-1095 | FOB NWE $1150 | FOB USG $1080-1091

 

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