Asian Petrochemical Monthly Price Watch Report

  • ID: 2498163
  • Newsletter
  • Region: Asia
  • Polymerupdate
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This report is a polymer market synopsis per month. It is especially useful during sharp fluctuations in the market - increase/reduction in prices, force majeures/unplanned shutdowns and scheduled repairs at global resin manufacturing facilities. In such cases, it is necessary to understand the right balance of demand and supply in the markets in order to make the correct buying decisions.

Each monthly report is particularly useful for:

- Resin producers planning their monthly pricing strategies

- Processors who need to plan their raw material purchases for the month

- Traders who wish to be better prepared while speculating and planning for their future dealings

- Resin producers planning capacity expansions

- Processors that expand production.

- Producers/buyers/suppliers of polymers & consultants.

- Any new entrant into the exciting and enthralling world of polymers.

When you subscribe for this subscription you will receive an updated issue every month.
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Executive summary

Crude Oil
Market Summary
Graphical Trend
Crude oil Price Movement
Crude oil Price comparison

Naphtha
Market Summary
Graphical trend

A Polymers

A-1 LLDPE
Market Summary
Average weekly price
Graphical Trend
Price Movement in last four months
Plant update

A-2 LDPE
Market Summary
Average weekly price
Graphical Trend
Price Movement in last four months
Plant update

A-3 HDPE
Market Summary
Average weekly price
Graphical Trend
Price Movement in last four months
Plant update

A-4 PP
Market Summary
Average weekly price
Graphical Trend
Price Movement in last four months
Plant update

A-5 PVC
Market Summary
Average weekly price
Graphical Trend
Price Movement in last four months
Plant update

A-6 Polystyrene (PS)
Market Summary
Average weekly price
Graphical Trend
Price Movement in last four months
Plant update

A-7 ABS
Market Summary
Average weekly price
Graphical Trend
Price Movement in last four months
Plant update

B Aromatics

B-1 Benzene
Market Summary
Average weekly price
Graphical Trend
Price Movement in last four months
Plant update

B-2 Toluene
Market Summary
Average weekly price
Graphical Trend
Price Movement in last four months
Plant update

B-3 Xylene
Market Summary
Average weekly price
Graphical Trend
Price Movement in last four months
Plant update

B-4 Methanol
Market Summary
Average weekly price
Graphical Trend
Price Movement in last four months
Plant update

C Olefins

C-1 Butadiene
Market Summary
Average weekly price
Graphical Trend
Price Movement in last four months
Plant update

C-2 Ethylene
Market Summary
Average weekly price
Graphical Trend
Price Movement in last four months
Plant update

C-3 Propylene
Market Summary
Average weekly price
Graphical Trend
Price Movement in last four months
Plant update

D Feedstocks

D-1 Styrene Monomer (SM)
Market Summary
Average weekly price
Graphical Trend
Price Movement in last four months
Plant update

D-2 EDC/VCM
Market Summary
Average weekly price
Graphical Trend
Price Movement in last four months
Plant update

D-3 PTA
Market Summary
Average weekly price
Graphical Trend
Price Movement in last four months
Plant update

D-4 MEG
Market Summary
Average weekly price
Graphical Trend
Price Movement in last four months
Plant update

E Intermediates

E-1 Acrylonitrile (ACN)
Market Summary
Average weekly price
Graphical Trend
Price Movement in last four months
Plant update

E-2 DOP
Market Summary
Average weekly price
Graphical Trend
Price Movement in last four months
Plant update

E-3 2EH
Market Summary
Average weekly price
Graphical Trend
Price Movement in last four months
Plant update

Indian Polymers Market
Indian Polymers Market Summary
Indian Polymers Price Movement

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Sample Executive Summary

Crude oil prices displayed a mixed undertone on January 31 on reports of a rise in initial jobless claims in the US on one hand and a fall in the value of the US dollar on the other. Nymex crude futures traded lower at USD 97.49/barrel while Dated Brent prices were up at USD 115.55/barrel. WTI Cushing prices were lower at USD 97.49/barrel.

Open spec naphtha bid prices on January 31 for the 2H of Mar were assessed at the USD 998/mt CFR Far East levels while the ask rate was at the USD 1000/mt CFR Far East levels. The forward naphtha market price indications for the 2H of Mar were down at the USD 994/mt levels.

LLDPE prices were assessed mixed in Asia during week 5. LLDPE prices were assessed at the USD 1480/mt CFR South East Asia mark, a fall of USD 10/mt on the week. CFR Far East Asia prices of LLDPE were assessed up at the USD 1460/mt mark, a week on week rise of USD 15/mt. In South Asia, LLDPE prices were assessed up at the USD 1465/mt levels. Firmer upstream ethylene values pushed LDPE prices in Asia higher during week 5. CFR Far East Asia prices of LDPE were assessed up at the USD 1455/mt mark, a week on week rise of USD 35/mt. CFR South East Asia prices were assessed up at the USD 1470/mt mark, a gain of USD 10/mt on the week.

HDPE prices climbed in Asia during week 5. Prices gained on the back of firmer ethylene feedstock values. HDPE film prices were assessed up at the USD 1485/mt CFR Far East Asia levels, a week on week rise of USD 25/mt. HDPE injection moulding and HDPE BM grade prices were assessed up at the USD 1440/mt CFR Far East Asia levels, a rise of USD 20/mt. In South East Asia, prices of HDPE injection and HDPE blowmoulding were assessed higher at the USD 1480/mt levels, up USD 5/mt. HDPE film prices were assessed down at the USD 1485/mt CFR levels. In South Asia, HDPE Injection and HDPE BM grade prices were assessed up at the USD 1445/mt levels, up USD 10/mt. HDPE film prices were assessed up at the USD 1480/mt CFR South Asia levels, a week on week rise of USD 10/mt.

PP prices in Asia marched higher during week 5. A rise in upstream propylene feedstock values supported the gains in PP as did firmer prices of crude and naphtha. PP raffia prices were assessed up at the USD 1460/mt CFR Far East Asia levels, a steep week on week rise of USD 40/mt. Prices of PP raffia in South East Asia were assessed higher at the USD 1530/mt levels, a week on week rise of USD 15/mt.

PVC prices firmed in Asia during week 5. Supporting the rise in spot PVC rates in Asia were gains recorded in feedstock ethylene, EDC and VCM values coupled with firm global energyrates. CFR South East Asia prices were assessed up at the USD 1055/mt levels, a week on week rise of USD 15/mt. CFR China prices of PVC suspension grade were assessed at the USD 1025/mt levels, a gain of USD 15/mt on the week.

GPPS prices edged lower in parts of Asia during week 5. GPPS prices were assessed down at the USD 1870/mt CFR China mark, a fall of USD 5/mt on the week. CFR South East Asia prices were assessed flat at the USD 1920/mt levels. HIPS prices were assessed unchanged at the USD 1950/mt CFR China mark while CFR South East Asia prices were assessed flat at the USD 1995/mt levels.

ABS prices edged higher in parts of Asia during week 5. Price gains were prompted by firmer upstream ACN and butadiene values. CFR China prices of ABS injection were assessed up at the USD 2050/mt levels, a week on week rise of USD 5/mt. CFR South East Asia prices of ABS were assessed flat at the USD 2050/mt levels.

Despite firmer upstream energy rates, benzene prices slipped in Asia during week 5. Supporting the price fall were strong selling activity witnessed in the region. FOB Korea prices of benzene were assessed down at the USD 1390/mt levels, a week on week drop of USD 20/mt.

Toluene prices in Asia drifted lower on January 31. The price decline was attributed to a fall in downstream benzene values. Strong selling activity witnessed in the region supported the price fall. FOB Korea prices of toluene were assessed down at the USD 1285/mt levels, a day on day drop of USD 20/mt. CFR China prices were assessed lower at the USD 1310/mt levels. Despite a fall in downstream PA values, OX prices in Asia edged higher during week 5. Prices climbed on the back of improved buying sentiments, in anticipation of tight supply situation, going forward. Paraxylene (PX) prices also finished higher. Price gains came on the back of a rise in upstream Isomer MX values and downstream PTA prices.

Methanol prices inched higher in Asia during week 5. Prices climbed as availability in the region continued to remain constrained. CFR China prices were assessed up at the USD 365/mt levels. CFR South East Asia prices were assessed higher at the USD 375/mt to USD 380/mt levels. CFR India prices were assessed up at the USD 350/mt to USD 355/mt levels. CFR Korea prices of methanol were assessed down at the USD 370/mt levels.

Butadiene prices galloped higher in Asia during week 5. Prices gained as buying in China post their Lunar New Year holidays is expected to surge. FOB Korea prices of butadiene were assessed up at the USD 1885/mt levels, a gain of USD 35/mt on the week. CFR China prices of butadiene were assessed at the USD 1950/mt levels, a steep rise of USD 90/mt. CFR South East Asia prices of butadiene were assessed at the USD 1870/mt levels, a week on week rise of USD 30/mt.

Ethylene prices in Asia inched higher during week 5. Gains came on the back of higher upstream crude and naphtha values. CFR North East Asia prices were assessed higher at the USD 1395/mt levels, a week on week gain of USD 5/mt. CFR South East Asia prices of ethylene were assessed at the USD 1400/mt levels, up USD 5/mt on the week. FOB Korea prices of ethylene were assessed flat at the USD 1350/mt levels.

Propylene prices in Asia firmed during week 5. Gains were prompted by a rise in downstream PP prices and firmer crude and naphtha values. Supporting the price rise were reports of a leap in trader buying activity in the region, in anticipation of tight product availability, going forward. FOB Korea prices of propylene were assessed up at the USD 1330/mt levels, a steep week on week rise of USD 35/mt. CFR China prices were assessed up at the USD 1365/mt levels, a rise of USD 30/mt on the week. CFR South East Asia prices were assessed at the USD 1360/mt levels, a rise of USD 20/mt.

Styrene Monomer (SM) prices marched higher in Asia during week 5. Prices gained in line with improved buying activity witnessed in the region, in anticipation of tight product avails, going forward. FOB Korea prices of SM were assessed up at the USD 1705/mt levels, a week on week rise of USD 20/mt. CFR China prices were assessed up at the USD 1735/mt levels, a gain of USD 20/mt. CFR South East Asia prices were assessed higher at the USD 1760/mt levels. Prices of EDC and VCM in Asia during week 5 journeyed north. Strength in global energy prices, firmer feedstock ethylene values and continued tight product avails in the region, helped sellers up adjust their spot offer rates. Supporting firmer rates were gains recorded in downstream prices of PVC.

Prices of PTA climbed in Asia during week 5. Gains in prices of crude coupled with firmer upstream PX prices were seen supporting the increase in spot PTA prices. A gain in fellow polyester feedstock MEG values supported the rise in spot PTA prices. CFR China prices of PTA were assessed up at the USD 1200/mt mark, a gain of USD 15/mt on the week. CFR South East Asia prices of PTA were assessed higher at the USD 1195/mt levels.

MEG prices in Asia during week 5 climbed. Prices firmed on the back of several bullish factors including, rising prices of ethylene, higher prices of PTA and a rise in prices of crude and naphtha. CFR China prices were assessed up at the USD 1180/mt levels, a week on week rise of USD 10/mt. CFR South East Asia prices were assessed higher at the USD 1180/mt levels.

Prices of acrylonitrile (ACN) galloped higher in Asia during week 5. Spot prices gained sharply on the back of firmer feedstock propylene values. CFR Far East Asia prices of ACN were assessed up at the USD 1965/mt levels, a steep gain of USD 50/mt on the week. CFR South East Asia prices were assessed up at the USD 1975/mt levels. CFR South Asia prices of ACN were assessed higher at the USD 1980/mt levels, a sharp week on week rise of USD 40/mt.

DOP prices in Asia during week 5 inched lower. Prices slipped on the back of a decline in upstream 2EH and PA values coupled with very sluggish regional demand trends. CFR China prices of DOP were assessed down at the USD 1765/mt levels, a week on week fall of USD 5/mt. CFR South East Asia prices were assessed down at the USD 1795/mt levels.

Softer downstream DOP rates and dull downstream demand sentiments together pushed lower prices of 2EH in Asia during week 5. CFR China prices of 2EH were assessed down at the USD 1590/mt levels. In South East Asia, prices of 2EH were assessed down at the USD 1610/mt CFR levels, a week on week fall of USD 15/mt.
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