China Petroleum and Chemical Corp, or Sinopec, raised its ex-works butadiene price effective late Monday, the second hike in four days, end-users said Tuesday. The state-owned company is now offering butadiene at Yuan 8,500/mt, or about ...
Tags: Sinopec, China Petroleum
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 ...
European benzene's premium to naphtha slipped to a 3.5-month low at the end of last week as benzene failed to keep pace with strengthening upstream markets. The spread between spot benzene and its feedstock naphtha was assessed at ...
The Asian naphtha industry gathered Thursday for the start of the 22nd CFR Far East Open Specification Naphtha Meeting to debate among other things a recommendation that seeks to widen the scope of naphtha cargo origins for inclusion in an ...
Tags: Chemicals, Metallurgy, Mineral, Energy
Limited availability of coaster butane cargoes in Northwest Europe is supporting spot prices, industry sources said. In the summer, surplus butane from refineries in Northwest Europe is usually exported as coaster cargoes, which are ...
Tags: Chemicals
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
China Petroleum and Chemical Corp, or Sinopec, has slashed its ex-works prices for butadiene by 16% effective late Monday, its second cut this month, end-users said Tuesday. With the latest reduction, Sinopec's subsidiaries in East, North ...
Tags: Sinopec, Butadiene Prices
The utilization of surplus naphtha capacity is a key driver of Indian petrochemical sector, according to a top official with the Indian Oil Corporation. The utilization of surplus naphtha and stranded propylene from refineries, as well as ...
Tags: Naphtha, Petrochemical Sector
The CIF price spread between naphtha and less expensive North Sea propane has narrowed on a lack of offers, according to industry sources. Over the summer, the petrochemicals sector in Northwest Europe uses significant quantities of North ...
Tags: Propane Price, Naphtha Price
NWE ethylene spot prices rose Eur15/mt on the week Thursday to Eur1,020-1,025/mt ($1,314-1,320) FD NWE, driven by better-than-expected offtake from primary derivative polyethylene in July. On Friday, a buyer and seller confirmed a 2,000 ...
Tags: Ethylene, Spot Prices
The Asian LPG paper market flipped to a slight contango for the first time since August last year Wednesday, on active selling of August Saudi Aramco propane Contract Price swaps, market sources said Thursday. If the structure steepens ...
Tags: LPG Market, Chemicals
Buying interest from the petrochemicals sector in Northwest Europe has enlivened the North Sea butane market over the last week, according to industry sources. Over the summer period, North Sea mixed butane is used by the gasoline-related ...
Tags: Petrochemicals, Butane Market
The price spread in Asia between styrene monomer and its main feedstock benzene soared to an all-time high of $501.50/mt Monday, Platts data showed, as the SM market surged on news that South Korea's Lotte Chemical had delayed the restart ...
Tags: SM-benzene, Chemicals
The price spread between CFR Far East Asia polypropylene and feedstock propylene narrowed to flat, with both prices assessed at $1,425/mt on Friday, according to Platts data. PP prices shed $5/mt day on day to $1,425/mt CFR Far East Asia ...
The Northwest European July benzene contract price has been fully settled at Eur978/mt or $1,274/mt CIF ARA, according to negotiating parties. The settlement is down Eur67/mt ($79/mt) from the June contract price of Eur1,045/mt ($1,353/mt) ...