Industry Views of chemicals - Made-in-China.com

NWE Ethylene Spot Prices Rose Eur15/mt on The Week Thursday to Eur1,020-1,025/mt FD NWE

Jul 8, 2013

NWE ethylene spot prices rose Eur15/mt on the week Thursday to Eur1,020-1,025/mt ($1,314-1,320) FD NWE, driven by better-than-expected offtake from primary derivative polyethylene in July. On Friday, a buyer and seller confirmed a 2,000 ...

Tags: Ethylene, Spot Prices

Goldman Sachs This Week Had Closed Its Brent/WTI Spread Trade Recommendation

Jul 5, 2013

Goldman Sachs said earlier this week it had closed its Brent/WTI spread trade recommendation after the ICE Brent premium to NYMEX crude fell below its target of $5/b, adding short-term scope for further narrowing remained, but pipeline and ...

Tags: Chemicals, Goldman Sachs

The Asian LPG Paper Market Flipped to a Slight Contango for The First Time

Jul 5, 2013

The Asian LPG paper market flipped to a slight contango for the first time since August last year Wednesday, on active selling of August Saudi Aramco propane Contract Price swaps, market sources said Thursday. If the structure steepens ...

Tags: LPG Market, Chemicals

Northwest European Fuel Oil Cracks Have Slumped to Four-Month Lows

Jul 5, 2013

Northwest European fuel oil cracks have slumped to four-month lows after Brent crude prices rallied on political turmoil in Egypt. The high sulfur fuel oil barge crack -- the discount of FOB Rotterdam 3.5% sulfur fuel oil barges to Dated ...

Tags: Fuel Oil, Chemicals

Spot Prices Eased Thursday Morning on The UK's NBP Gas Trading Hub

Jul 5, 2013

Spot prices eased Thursday morning on the UK's NBP gas trading hub as demand was forecast at the lowest level so far this year. Same- and next-day contracts at midday BST were each valued at 64.70 pence/therm, down by 1.30 and 0.40 p/th ...

Tags: Gas, Spot prices

Buying Interest Has Enlivened The North Sea Butane Market Over The Last Week

Jul 5, 2013

Buying interest from the petrochemicals sector in Northwest Europe has enlivened the North Sea butane market over the last week, according to industry sources. Over the summer period, North Sea mixed butane is used by the gasoline-related ...

Tags: Petrochemicals, Butane Market

ExxonMobil Chemical and Total Petrochemicals Are Joining Other Polypropylene Producers

Jul 5, 2013

ExxonMobil Chemical and Total Petrochemicals are joining other polypropylene producers seeking 2-cent/lb ($44/mt) increases effective August 1, sources said Wednesday. "Everyone is going for two (cents/lb) on the (margin) expansion," a ...

Tags: Exxonmobil, PP

Schlumberger on Wednesday Announced The Opening of a Reservoir Laboratory

Jul 5, 2013

US oil services company Schlumberger on Wednesday announced the opening of a reservoir laboratory in China's central Sichuan province to help support expanding activity in unconventional shale development. The company's new facility in ...

Tags: Shale Development, US Schlumberger

Alaska Has Extended an Agreement with TransCanada

Jul 5, 2013

Alaska has extended an agreement with TransCanada that sees the state offer subsidies for the firm's work on a natural gas pipeline and LNG export project in the state, a state official said Wednesday. The previous agreement expired June ...

Tags: Gas Pipeline, Alaska

The More Liquid 0.1% Barge Crack Was Assessed at $14.25/Barrel Tuesday

Jul 5, 2013

Physical gasoil cracks across barge and cargo markets in the Mediterranean and Northwest European regions have pared recent gains, as strength in the dated Brent benchmark on risk premiums -- related to Libyan protests and Egyptian turmoil ...

Tags: Physical gasoil, cargo markets

The Gulf Coast Heating Oil Differential Fell 75 Points Wednesday

Jul 5, 2013

The Gulf Coast heating oil differential fell 75 points Wednesday as US production and stocks increased and traders cited trouble finding ships to move any export barrels. Platts assessed the Gulf Coast heating oil differential at NYMEX ...

Tags: Heating Oil, Chemicals

The FOB Korea Benchmark for Butadiene Stood at $1,350/Mt on June 17

Jul 4, 2013

Asian butadiene prices are at a 3-1/2 half year low amid weak demand and a glut of synthetic rubber stocks, Platts data showed. The FOB Korea benchmark for butadiene stood at $1,350/mt on June 17. The last time butadiene prices were ...

Tags: Butadiene, Weak Demand

Phillips 66 Will Reduce Delivery of Polypropylene Grades

Jul 4, 2013

Phillips 66 will reduce delivery of polypropylene grades because of issues with feedstock supply, further squeezing an already tight market, sources said Tuesday. The company announced the measure late Monday in a letter to customers ...

Tags: PP, Chemicals

Shell Is Proceeding with Front-end Engineering and Design Work

Jul 4, 2013

Shell is proceeding with front-end engineering and design work for its proposed LNG import facility in Batangas, Philippines, it said Sunday. The decision comes a year after Shell signed a memorandum of understanding with the Philippines' ...

Tags: Shell, LNG Import

It Was Assessed by SunSirs That in The Tracked 100 Spot Commodities

Jul 4, 2013

It was assessed by SunSirs that in the tracked 100 spot commodities,22 commodities increased in prices, 37 fell and 41 remained unchanged on 02/07/2013.The largest rises were Copper (2.35%),Acrylic acid (1.63%),PC (1.04%),while the largest ...

Tags: Spot Commodities, Chemicals

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