News Code : 43197

Petrotahlil:

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

• Asian C3 market stable amid lackluster trading 

• European C3 market down further on ample supply 

• Demand slow in Europe due to summer season 

• July C3 contracts settled higher in US 

• Polymer-grade C3 flat in US despite lower stocks

• Spot prices: CFR China $955 | FOB South Korea $905| FD NWE €860-865| FD USG $760-771

 

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

• Spot styrene climbs $15-20 in Asia 

• Price gains attributed to lower supplies in China 

• Hanwha Total’s shutdown contributes to rising prices 

• Europe’s styrene market sees weekly gains of $25 

• Spot prices up in US due to planned maintenance

• Spot prices: CFR China $1065 | FOB South Korea $1025 | Ex-tank Zhangjiagang $1101-1104 | FOB NWE $975 | FOB USG $920-931

 

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

• Asia’s C2 market stable on week 

• Supply tightness eases in Asia 

• Spot C2 declines €20-25 in Europe 

• Trading limited in Europe ahead of Aug contracts 

• Rising demand pushes C2 prices higher in US

• Spot prices: CFR Northeast Asia $840 | CFR Southeast Asia $750 | FOB South Korea $790 | FD NWE €820-825 | FD USG $331-353

 

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

• Spot VCM down $20 on week in Asia 

• Asian VCM follows Aug PVC offers lower 

• VCM markets stable in Europe, US 

• European VCM under pressure from muted PVC demand

• Spot prices: CFR Far East Asia $700 | CFR Southeast Asia $730 | FOB NWE $630 | FOB USG $640-650

 

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