Petrochemical producers in Northwest Europe have started to reduce propane cracking rates due to a narrow CIF naphtha/CIF propane price spread, according to industry sources. When the price spread between CIF naphtha and cheaper CIF ...
Tags: Petrochemicals, Propane Cracking
Fourth-quarter contract price negotiations in the European caustic soda market have concluded at rollover to Eur15/mt price decreases, depending on the region and customer size, market sources said Monday. Most Q4 contracts were settled ...
Tags: Caustic Soda, Chemicals
Narrowing propane price spreads between the US and international markets are poised to shrink further as terminal developers, such as Enterprise Products Partners, advance plans to increase the nation's liquefied petroleum gas export ...
The price spread between CIF naphtha and cheaper CIF propane has narrowed on less bearish propane sentiment as well as weakening naphtha, according to industry sources. The CIF propane swap reached a $171/mt discount to the CIF Northwest ...
The FOB Houston propane differential has dropped 53% since July 1 as increasing exports and falling international propane prices narrow the arbitrage out of the Gulf Coast. Platts started assessing FOB Houston propane cargoes on July 1 as ...
The premium of ultra low sulfur diesel barges over 50 ppm gasoil barges has moved to its widest point since May 1, with ULSD trading at a $9.75/mt premium to 50 ppm, Platts data showed Monday. Rising ULSD premiums in Northwest Europe have ...
Tags: Gasoil Barges, Mineral
Propane remains the preferred feedstock for petrochemical users in Northwest Europe, due to lower prices compared with butane, sources said this week. "We are buying propane -- it makes sense right now," said a trader. Large propane ...
The outlook for coatings producers in Europe has suddenly brightened after prospects for higher sales and profits appeared to be gloomy earlier in the year. The financial results of some leading players among coatings producers and raw ...
Tags: Construction, Coatings
A combination of planned and unplanned outages sent ethylene spot prices to a 2013 high of Eur1,180-1,185/mt ($1,560-1,5667/mt) FD NWE Friday, soaring by Eur98/mt on the week. Volatility of feedstocks added to upward pressure on spot ...
Tags: Ethylene, Spot Prices
European linear low density polyethylene C4 contract prices logged a Eur20/mt ($26.50/mt) gain on the week to touch a four-and-a-half month high of Eur1,450-1,455/mt FD Northwest Europe, buoyed by tight supplies and oil price spike, sources ...
Tags: LLDPE, Chemicals, polyethylene
European light ends outright values reached six-month highs, tracking rising crude values, as prices soared amidst growing tensions in Syria. "It's rallying with the crude," said one source, referring to the strengthening of the Northwest ...
Tags: oil, Metallurgy, Mineral, Energy
The northwest Europe styrene premium to benzene has hit its highest level in over one month on tight supplies following a potential production issue and vessel delays, according to market sources. At Tuesday's European close, the NWE 3-30 ...
A wide price spread between naphtha and cheaper propane is making propane an attractive petrochemicals feedstock in Northwest Europe. When heating demand is low during the summer large quantities of North Sea propane are used by the ...
The premium of front-month naphtha CFR Japan cargo to CIF Northwest Europe cargoes -- the east/west -- has fallen to $11/mt down $13/mt over the last six weeks, putting pressure on the arbitrage from Europe to Asia, market sources said ...
Tags: Naphtha Premium, Mineral
Sentiment on the North Sea mixed butane market has turned slightly more bullish on tighter availability, according to industry sources Tuesday. During the summer North Sea mixed butane is used in Northwest Europe by the gasoline-related ...