News Code : 42808

Petrotahlil:
 
Propylene: Down in Asia | Up in Europe | Up in US
• Asian spot C3 markets down $15 on week 
• Rising supplies blamed for lower prices in Asia 
• Spot C3 stays firm on tightening supplies in Europe 
• Expectations for May C3 contract call for €20-30 hikes 
• US spot C3 market climbs to 3-month high
• Spot prices: CFR China $890 | FOB South Korea $850 | FD NWE €965 | FD USG $832-843

 

Styrene: Up in Asia | Down in Europe | Down in US
• Styrene prices edge higher by $5-10 in Asia 
• Weaker ethylene weighs on Asia’s sentiment 
• Local prices up CNY85 on week in China 
• European, US markets soften 
• Improved supplies push prices lower in Europe, US
• Spot prices: CFR China $1065-1070 | FOB South Korea $1025-1030 | Ex-tank Zhangjiagang $1076-1078 | FOB NWE $1125 | FOB USG $1020-1031

 

Ethylene: Down in Asia | Stable in Europe | Stable to Up in US
• Asian ethylene down further by $25-40 on week 
• Ample availability weighs on Asian C2 market 
• Spot ethylene on FD NWE basis mostly stable 
• Players sidelined in Europe ahead of May contract settlements 
• US C2 market tracks ethane prices slightly higher
• Spot prices: CFR Northeast Asia $950 | CFR Southeast Asia $890 | FOB South Korea $890 | FD NWE €965| FD USG $292-303

 

VCM: Stable in Asia | Down in Europe | Stable in US
• Rebounding PVC supports Asian VCM market 
• Spot VCM prices fall $30 on week in Europe 
• European VCM weighed by earlier losses in Asia 
• VCM dips to lowest level since mid-Feb in Europe 
• US VCM waiting signals from downstream PVC market
• Spot prices: CFR Far East Asia $660 | CFR Southeast Asia $700 | FOB NWE $660 | FOB USG $600-610

 

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