News Code : 43069

Petrotahlil:
VCM: Up in Asia | Stable in Europe | Stable in US
• Asian VCM rises $10 on week 
• Firmer PVC pulls VCM up in Asia 
• Spot VCM flat in Europe, US 
• Tightness lingers in European VCM market 
• US VCM mirrors stability in PVC
• Spot prices: CFR Far East Asia $700 | CFR Southeast Asia $730 | FOB NWE $690 | FOB USG $640-650

 

Propylene: Stable to Down in Asia | Down in Europe | Stable in US
• Spot C3 on FOB Korea basis down $30 on week 
• Downturn attributed to a relief in tightness in S. Korea 
• European C3 market hits lowest levels since early Apr 
• July C3 contract expected lower in Europe 
• Spot C3 prices in US flat despite higher feedstock costs 
• June C3 contracts started settling with a decline in US
• Spot prices: CFR China $910 | FOB South Korea $870| FD NWE €925-930 | FD USG $711-722

 

Styrene: Down in Asia | Up in Europe | Up in US
• Styrene fails to maintain earlier gains in Asia 
• Asian spot markets down $25-30 on week 
• Local styrene in China also edge lower by CNY60 
• Spot prices up $10-15 in Europe on demand 
• Firmer benzene pushes US styrene higher
• Spot prices: CFR China $1060-1065 | FOB South Korea $1020-1025 | Ex-tank Zhangjiagang $1138-1140 | FOB NWE $970-975 | FOB USG $915-926

 

Ethylene: Stable to Down in Asia | Down in Europe | Down in US
• Spot C2 remains weak at 10-year low in Asia 
• C2 downturn in Asia loses speed due to crude rally 
• Ample supplies keep Asian C2 under pressure 
• Spot C2 down further by €15 in Europe 
• US C2 market resumes decreasing trend
• Spot prices: CFR Northeast Asia $780 | CFR Southeast Asia $700 | FOB South Korea $740 | FD NWE €980-985 | FD USG $281-292

 

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