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Rise in European polyethylene prices amid bullish feedstock ethylene
| Mon Jan 16, 2012…week, supported by bullish ethylene, as per Platts. Spot prices of feedstock ethylene have surged this week following historic low cracker margins touched last week. Ethylene spot prices crossed the Eur…
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Mideast PET hits 14-week low on declining feedstock costs
| Wed Apr 03, 2013…week low in line with a...
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Stronger spot prices and stable-to-weaker feedstocks prop US ethylene margins
| Wed Dec 28, 2011…week on week, on the back of stronger spot prices and stable-to-weaker feedstocks, as per Platts. Ethane-based ethylene margins were estimated at 17.79 cents/lb, a rise of 2.20 cents/lb week on week.…
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Persistent rise in Asian polyethylene offers to Brazil
| Mon Feb 27, 2012…week on week, as per Platts. The import market has been slow this week due to the Carnival holiday in Brazil. As per a trader, Braskem announced a hike of Reals 250/mt in polyethylene offers for the domestic…
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US ethylene margins gain 1.5% on higher spot prices
| Tue Mar 19, 2013…week on week, tracking stronger spot prices, the ICIS margin report showed on Monday. US ethylene margins for the week ended 15 March were assessed at 56.35 cents/lb (US$1242/ton) for ethane-based spot…
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Iran’s Sepahan Oil to restart Isfahan base oils unit late this week
| Tue Jun 19, 2012…week, following a turnaround that started in the first week of May, a company source said on Tuesday.
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A pocket of tightness in Egypt for HDPE grades
| Tue Aug 16, 2011…week, a pocket of tightness in the Egyptian market led to a significant increase in local HDPE prices this past week as per ChemOrbis. Tight local supplies and disrupted deliveries from domestic producer…
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Naphtha in Asia hovers around 6 week highs
| Mon Jul 16, 2012…week high of US$844/ton at the end of last week. Inter-month premium extended gains to stay at two-month high of ten dollars per ton as the market was firm on strong fundamentals, as per Reuters. The…
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Spot ethylene prices rise in Asia, Europe, weaken in US
| Tue Dec 20, 2011…week, spot ethylene prices gained ground in Asia on tighter supplies and in Europe on a weaker euro resulting from the ongoing sovereign debt crisis, as per the pricing service of ChemOrbis. In USA, spot…
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Naphtha price and margin end previous week at three-week low
| Mon Feb 25, 2013…week low on Friday, at US$999/ton and US$140.8/ton respectively, as naphtha demand may slide further as buyers sought alternative feedstock, as per Reuters. Traders said cheaper liquefied petroleum gas…
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Supply constraints push Asian ethylene and propylene markets up
| Wed Apr 11, 2012…week in Asia. Overshadowing thin trading activity amidst short holidays in the region as well as lower naphtha values, supply constraints drove the bullish trend, as per ChemOrbis. Supply was affected…
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US ethylene margins rise by 1.1% on higher spot prices
| Mon Mar 11, 2013…week on week last week, tracking higher spot ethylene prices, the ICIS margin report showed on...
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Vitol loading up to 65,000 mt open spec naphtha from NWE for US this week
| Wed Dec 12, 2012…week, as per Platts. 30,000 mt of naphtha was loaded on Monday via STS operations in the Amsterdam-Rotterdam-Antwerp area onto the CPO Italy clean tanker for New York Harbor. Vitol also intends to load…
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Asia naphtha prices seen stable after a week of volatile trading
| Wed Apr 24, 2013…week, which saw prices tumbling to nine-month lows, as per ICIS. With global crude oil futures picking up slightly after having fallen below US$100/bbl last week, the trading fraternity adopts a largely…
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Global propylene prices inch up on supply issues, firmer energy costs
| Tue Apr 30, 2013…week in major markets including Europe, Asia and the US as per ChemOrbis, mainly driven by several supply constraints on planned or unexpected outages at regional crackers. Plus, crude oil prices in the…