News Code : 43242

Petrotahlil :

Styrene: Down in Asia | Down in Europe | Down in US

• Sharply fluctuating crude oil adds to cautious mood

• Asia’s spot styrene market plunges $45

• Spot prices in Europe dip further despite higher contract

• Waning demand pushes styrene prices lower in US

• Spot prices: CFR China $1005 | FOB South Korea $965 | Ex-tank Zhangjiagang $1032-1035 | FOB NWE $935 | FOB USG $898-909

 

Propylene: Down in Asia | Stable to down in Europe | Up in US

• Asian propylene softened $5/ton

• Asian C3 cancelled previous gain on thin demand

• Summer lull weighs on European propylene

• Falling naptha to add extra pressure on European C3

• Propylene in US up on supply issues

• Spot prices: CFR China $965 | FOB South Korea $920| FD NWE €860-865| FD USG $794

 

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

• Asian ethylene rises further on tightness

• Demand fizzles out for Asian ethylene

• European ethylene stable on holidays

• US ethylene down on easing supply

• July ethylene contracts settled higher

• Spot prices: CFR China $920 | CFR Southeast Asia $820 | FOB South Korea $870 | FD NWE €845-850 | FD USG $375-386

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