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 ...
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
Demand for coaster butane in Northwest Europe has emerged as spot prices have fallen, according to industry sources Wednesday. In the winter period most surplus refinery butane is blended into gasoline to increase the vapor pressure. ...
An initial NWE contract for April-delivered butadiene was fully settled Tuesday at Eur1,415/mt FD NWE ($1,821/mt FD), following confirmation from four producers and two consumers involved in the negotiations. A spokesman for SABIC Europe ...
Tags: NWE, LyondellBasell, Chemicals
European mixed xylene prices were under downward pressure from the sharp correction in Asian and US mixed xylenes prices. Market sources said European isomer-mixed xylenes were trading at $1,290/mt FOB ARA, down $10 from Platts' March 15 ...
Buyers of polyethylene terephthalate in Europe are reluctant to build inventories as they expect PET prices to decline in April, market sources said this week. These expectations are being driven by weaker upstream markets, as contract ...
Tags: Chemicals
Northwest European Urals is at its narrowest discount to North Sea Forties crude so far in 2013 as emerging buying interest in the Russian medium, sour grade sent its values soaring, market sources said Wednesday. This comes just eight ...
Tags: crude demand, refiners, oil
Benzene prices continued to maintain the downward trend in Europe last week. "Global price meltdown and sluggish downstream demand were mainly responsible for the decline," say experts. Prices were assessed in the range of US$ ...
Uncertainty over feedstock prices is putting a block on upward momentum in the European polyethylene terephthalate market, market sources said. Prices have been marching upwards recently as producers pushed through higher feedstock prices ...
Global O-Xylene market showed downward trend in the week ending March 9, 2013. In Korea, O-Xylene prices went down last week, due to dull downstream buying sentiment in the region and lower downstream product prices. In the initial days ...
Reignited concerns over the domestic benzene demand as well as a stubbornly closed arbitrage to the US saw European benzene prices plunge below $1,300/mt for the first time since mid-October, Platts data show. Benzene barges were assessed ...
Tags: benzene, benzene demand, benzene barges
Methanol market showed mixed trend in Asia, whereas, it showed an upward trend in Europe and was stable in US in the week ending March 2, 2013. In China, Methanol prices went up slightly. Prices were spotted at US$ 375/ton CFR China. ...
Tags: Methanol market, mixed trend, Asia, Europe
The Northwest European benzene market tumbled to a 15-week low of $1,335.5/mt Tuesday on a combination of weak downstream demand, upcoming derivatives turnarounds, a closed arbitrage to the US, as well as persistently high inventories, ...
Tags: benzene, US, Platts data
The Northwest European March benzene contract price has been fully settled at Eur1,054/mt, or $1,380/mt, CIF ARA, industry sources confirmed Friday. The settlement represents an increase of Eur14/mt and a decrease of $28/mt compared ...