News Code : 43126

Petrotahlil :

Styrene: Up in Asia | Up in Europe | Sta­ble in US

• Styrene climbs $15­-20 in Asia as demand improves 

• China’s local styr­ene market also firms up 

• Sustainability of recent gains questio­ned in Asia 

• Spot prices up $15 in Europe on better buying interest 

• Styrene market sta­ble in US amid thin activity

• Spot prices: CFR China $1075 | FOB Sou­th Korea $1035 | Ex-­tank Zhangjiagang $1­156-1159 | FOB NWE $935 | FOB USG $904-9­15

 

Ethylene: Up in Asia | Down in Europe | Stable in US

• C2 rebounds from 10-year low in Asia 

• Asia’s spot market up $20-30 on week 

• Rising PE offers push C2 higher in Asia 

• Spot C2 slumps around €100 in Europe 

• US market stable amid holiday lull

• Spot prices: CFR Northeast Asia $790 | CFR Southeast Asia $700 | FOB South Korea $740 | FD NWE €850 | FD USG $292-303

 

VCM: Up in Asia | St­able in Europe | Sta­ble in US

• Asian VCM market up $20 on week 

• Firmer spot prices in Asia attributed to limited supply 

• European, US VCM markets unchanged on week 

• VCM unresponsive to lower C2 contracts in Europe 

• Eyes on July PVC negotiations in US VCM market

• Spot prices: CFR Far East Asia $720 | CFR Southeast Asia $750 | FOB NWE $680 | FOB USG $640-650

 

Propylene: Up in Asia | Down in Europe | Up in US

• Spot C3 prices gain $15-20 on week in Asia 

• Tightness in China pushes Asian C3 market higher 

• European C3 market hits multi-year lows 

• Ample supply keeps C3 market weak in Europe 

• US C3 market climbs on diminishing supply

• Spot prices: CFR China $925 | FOB South Korea $875| FD NWE €865| FD USG $815-826

 

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