News Code : 42666

Petrotahlil:
Ethylene: Stable in Asia | Up in Europe | Stable to Up in US
• C2 stabilizes at 10-week low in Asia 
• Market activity was thin in China due to public holiday 
• Spot C2 sustains its rising path in Europe 
• Firmer European market attributed to tightening supplies 
• March C2 contracts settle lower in US
• Spot prices: CFR Northeast Asia $1020 | CFR Southeast Asia $920 | FOB South Korea $960 | FD NWE €960-965| FD USG $298-309

 

Propylene: Stable to Up in Asia | Up in Europe | Stable in US
• Trading activities lackluster in Asian C3 market 
• Firming in C3 continues in Europe, albeit at a slower pace 
• Demand limited, supply not as ample as before in Europe 
• Spot C3 prices in US stable for 2nd week 
• Higher inventories in US hinder buying interest
• Spot prices: CFR China $910 | FOB South Korea $870 | FD NWE €920-925 | FD USG $711-722

 

Styrene: Up in Asia | Up in Europe | Up in US
• Styrene surges $70-75 on week in Asia 
• Lower stocks in China help prices move higher 
• European styrene edges up after seeing sharp drops 
• Tight supplies were blamed for higher prices in Europe 
• Styrene resumes firming trend in US amid shutdowns
• Spot prices: CFR China $1090 | FOB South Korea $1050 | Ex-tank Zhangjiagang $1081-1084 | FOB NWE $1075 | FOB USG $1020-1031

 

VCM: Stable in Asia | Up in Europe | Stable in US
• Asian VCM market follows a stable trend 
• VCM up $10 on week in Europe 
• Firming in Europe attributed to tightness 
• VCM steady in US for 2nd week 
• US VCM waiting for signals from downstream PVC
• Spot prices: CFR Far East Asia $700 | CFR Southeast Asia $730 | FOB NWE $690 | FOB USG $630-640

 

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