China's apparent oil demand rose 5.3% year on year in the first two months of 2017 to 11.65 million b/d on the back of robust economic growth, holiday transportation demand and efforts to build stocks ahead of the refinery maintenance ...
Tags: oil demand, Oil products
The Asian butadiene-naphtha price spread hit a seven-year high of $2,557.38/mt CFR last Friday amid extremely tight supply globally and strong demand for downstream products such as styrene-butadiene-rubber, SB latex and ...
Tags: Butadiene Naphtha, styrene
German petrochemicals producer BASF said July 24 that it expected the economic slowdown in China, margin volatility and growth uncertainty in Europe to be the biggest risks to growth for its chemicals division during the second half of the ...
Tags: Petrochemicals, oil
The spread between Asian paraxylene and benzene fell to its lowest in more than nine years on Thursday, where it was assessed at minus $104/mt, down $0.50/mt from the the day before, Platts data showed. The last time the spread was lower ...
Tags: Paraxylene, Benzene
Counter bids for May Asian Contract Price for paraxylene were in a range of $1,040-1,100/mt CFR, sources close to the negotiations said Tuesday. There are four PX ACP sellers in Asia -- ExxonMobil, Japan's Idemitsu Kosan and JX Nippon Oil ...
Tags: Paraxylene, PX ACP
South Korea's spot supply of solvent-grade mixed xylenes for April loading will fall by up to half of its typical volume because of lower yields from naphtha-fed steam crackers' use of butane in its feedstock mix, a market source said ...
Tags: solvent-grade mixed xylenes, butane, LPG
The Northwest European orthoxylene contract price for March has been confirmed as fully settled at Eur940/mt ($1,291/mt) FD NWE, sources said Wednesday. The settlement represents a Eur25/mt decrease from February, following a Eur40/mt ...
Tags: Orthoxylene, contract price, Chemicals
Ethylene spot prices have softened marginally for the first time since December 6 as feedstock naphtha prices fell, sources said. Ethylene was assessed at Eur1,000/mt ($1362) FD NWE Wednesday, down Eur7.50/mt on the day. Naphtha was ...
European polyethylene prices have fallen in the run-up to the K Fair international plastics and rubber trade fair in Dusseldorf, on the back of volatile upstream prices and robust supplies which kept buying hesitant, sources said. Low ...
Tags: Chemicals, polyethylene
The Asian naphtha market may firm going into the last two months of this year on curtailed arbitrage flows which will likely tighten supply balances and year-end demand mopping up excess naphtha supply from the higher arbitrage arrivals in ...
Tags: Chemicals, Metallurgy, Mineral, Energy
Northwest European butane prices remain too high to attract petrochemical buying despite their recent slide, sources said Thursday. "At this stage we can't afford these butane levels," said a trader. Delivered prices of butane coasters, ...
The spread between styrene monomer and its feedstock ethylene in Asia surpassed $500/mt for the first time Monday to hit a record high of $504/mt, Platts data showed, with the SM market continuing on its bullish streak due to tight supplies ...
Tags: SM-Ethylene, 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
European naphtha prices have come under pressure from run cuts in the polyolefin chain as well as falling crude prices, with ICE Brent futures sinking to an eight-month low Friday, sources said. CIF NWE naphtha was assessed at $846.50/mt ...
Tags: polyethylene market, polyethylene
South Korea's spot supply of solvent-grade mixed xylenes for April loading will likely halve from its typical volume because of lower yields from naphtha-fed steam crackers' use of butane in its feedstock mix, an industry source said ...