The spread between Asian styrene monomer and benzene prices widened to a six-week high of $356.50/mt Thursday, up $20/mt or 6% from a day earlier, as China's shrinking SM inventories lifted SM prices, Platts data showed. The last time the ...
Tags: SM-Benzene, Benzene
The price spread between polyethylene terephthalate in Southeast Asia and Northeast Asia jumped to a five-month high of $15/mt Wednesday, from $10/mt a week ago, as high inventory levels in Northeast Asia curbed price gains there. PET on ...
Tags: PET, polyethylene terephthalate
The European ETBE premium to MTBE hit the highest since April 12 Tuesday due to stronger market fundamentals, according to Platts data and trading sources. The ETBE premium to MTBE rose to $54.75/mt at Tuesday's market close from ...
The Asia Pacific sweet crude market is expected to stay on a downward trajectory as it faces more competition from falling West African crude prices and an oversupply of regional spot cargoes, traders said this week. Perpetually weak ...
Tags: Sweet Crude Market, Sweet Crude
The June Northwest European-US Atlantic arbitrage swap has risen since market close Friday due to a higher NYMEX RBOB market, increasing the possibility of exports from Europe heading to the Atlantic coast, market sources said Monday. ...
Tags: June NWE-USAC, Gasoline
The May US mixed xylene contract price settled at $3.94/gallon ($1,193.82/mt), 11 cents ($33.33/mt) higher than April's mark, trading sources said Monday. The MX contract price had settled at $3.83/gal for April, which was 57 cents lower ...
Tags: Mixed Xylene, Chemicals
The US natural gas rig count fell to a nearly 18-year low Friday, as Baker Hughes reported there were 354 gas rigs for the week ending Friday, down 12 from the prior week. The last time the gas rig count was this low was June 16, 1995, ...
In the first quarter of the current year, China's auto industry saw increased operating revenues and profits, as reported by China Securities Journal on May 3. In the first quarter this year, the total operating revenue of listed ...
Tags: Auto Industry, Mineral
The ratio of the Gulf Coast normal butane assessment to the front-month NYMEX crude contract is at 57.9% Friday morning, the lowest level since late 2008, Platts data showed, in part due to the deployment summer gasoline specs. The ratio, ...
Tags: USGC, normal butane prices
The European ethanol physical price curve moved into contango this week as persisting high inventory in April collided with views that May could bring improved demand, sources said this week. A standard 1,000 mt fuel ethanol barge for ...
Tags: Ethanol Physical Price, Chemicals
US spot paraxylene jumped $55/mt this past week amid stronger demand from Asia, industry sources said Friday. Thursday's spot PX assessment of $1,445/mt FOB US Gulf Coast marks the highest level since March 25, when it was assessed at ...
Tags: US Spot PX, Chemicals
China's imports of thermal coal could contract in 2013 as demand growth in the seaborne market is expected to moderate to 2% over the next four years, Goldman Sachs warned in a research note on Friday. "We believe 2013 will represent a ...
Tags: Thermal Coal, Chemicals
European benzene's premium to naphtha has topped the $450/mt mark for the first time since the start of February, as naphtha languishes at multi-month lows and benzene rises despite seemingly weak fundamentals. The benzene-naphtha spread ...
Tags: NWE, Benzene-Naphtha, Chemicals
The Northwest Europe forward delivered spot PVC price has dropped on week, reflecting a sharp fall in the April ethylene contract price and poor demand, market sources said Tuesday. Ethylene -- made from oil or natural gas which is ...
US Gulf Coast high sulfur fuel oil began strengthening after a spate of recent selling as players look forward to a shift in supply/demand balances toward tightness in the near term, trading sources said Tuesday. "Availability will be ...
Tags: Metallurgy, Mineral, Energy, Chemicals