News Code :
43222
VCM, Propylene, Ethylene and Styrene Analysis,Aug 4.
VCM: Down in Asia | Stable in Europe | Down in US
• Spot VCM down further by $15 on week in Asia
• Weaker PVC markets put pressure on Asian VCM
• European VCM market steady for 2nd week
• Spot VCM fell $30 on week in US
• US VCM market follows lower PVC prices
• Spot prices: CFR Far East Asia $685 | CFR Southeast Asia $715 | FOB NWE $630 | FOB USG $610-620
Propylene: Up in Asia | Up in Europe | Down in US
• Asian C3 market up $15-20 on week
• Firmer prices attributed to tightness in Asia
• Aug C3 contract settled with rollovers in Europe
• Supply remains ample in European C3 market
• Polymer-grade C3 down in US despite lower stocks
• Spot prices: CFR China $970 | FOB South Korea $925| FD NWE €865| FD USG $749-760
Ethylene: Up in Asia | Up in Europe | Up in US
• Spot C2 jumps $50-60 in Asia
• Tightness pushes Asia’s spot market higher
• Aug C2 contracts settle €10 higher in Europe
• European spot C2 market rebounds from 6-month low
• C2 market surges $66 in US after Exxon’s shutdown
• Spot prices: CFR Northeast Asia $900 | CFR Southeast Asia $800 | FOB South Korea $850 | FD NWE €845-850 | FD USG $397-419
Styrene: Down in Asia | Down in Europe | Stable in US
• Spot styrene erases previous week’s gains in Asia
• Prices on FOB Korea/CFR China basis drop $15-20
• Aug styrene contracts settle €33 higher in Europe
• Europe’s spot styrene market slightly down on week
• US styrene market under pressure from softer Asia
• Spot prices: CFR China $1050 | FOB South Korea $1010 | Ex-tank Zhangjiagang $1081-1084 | FOB NWE $960 | FOB USG $920-931
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