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 ...
Mitsui Chemicals had shut a naphtha cracker located in Osaka, Japan for maintenance turnaround on September 19, 2013, and the plant is likely to restart operations in the beginning of October 2013. “The naphtha cracker has ...
Tags: Mitsui Chemicals, naphtha cracker
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 slide in LPG prices over the past four days on abundant supply and an Asian demand pause has sent physical values to six-week lows and flipped the paper market to the steepest contango structure since early July 2012, market sources ...
Tags: Metallurgy, Mineral, Energy
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, ...
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
On June 1, 2013, the University of Kaiserslautern (TU) established a new junior professorship "Process Development and Raw Material Change." Together with two other junior professorships, it belongs to the Chair of Thermodynamics under the ...
Tags: Textile, Raw Materials
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 University of Kaiserslautern (TU) established a new junior professorship "Process Development and Raw Material Change." Together with two other junior professorships, it belongs to the Chair of Thermodynamics under the supervision of ...
Tags: Construction, Decorationc
Polyethylene producers are targeting higher prices in September amid increases in feedstock naphtha and improved economic data, sources said this week. Naphtha was assessed at $914.5/mt CIF NWE Wednesday, up $2.50 on the week. The average ...
Tags: Polyethylene, Chemicals
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
Ravi Sethi of ProcurianRaw material costs as a percentage of plastic packaging costs have been on a steady rise due to the long-term appreciation in crude oil prices, a key ingredient for resins. Crude oil prices have increased five-fold ...