US spot toluene prices climbed last week, rising 7 cents on the week to close Friday at 272 cents/gal as prices were bolstered by continued tight supply. The gains had a significant, negative impact on disproportionation economics, and TDP and MSTDP margins were last estimated at near $15 and $19/mt, respectively. Sources said that there [...]
Exporters continue to monitor global trends with a close eye on May pricing announcements out of Asia this week. Traders continued pushing for lower prices amid weak global demand with pricing indications talked as low as $830/mt FAS Houston. Some market sources said they thought prices would stabilize in May after falling $50/mt, or 5.6%, [...]
US polyethylene buyers will continue to monitor spot availability, particularly for export, after industry data released last week showed gains in producer stocks for March. Export pricing moved mostly lower last week as sources pointed to increased availability for some grades, with the expectation that more could be coming before the end of the month. [...]
Spot ethylene has been on the rise, 0.50 cent/lb higher than the record lows seen April 9 after prompt-month was heard offered at 14 cents/lb MtB Nova. Sources have attributed the rise to the market finding balance after falling rapidly. Since then, April has been heard traded at 14.25 cents/lb MtB Nova for three straight [...]
[Leadership] The increase in the operating rate of the butyl acrylate industry continued to limit the rebound rate and sustainability of this product, but last week the international crude oil, raw material propylene, raw material butanol, and downstream short-term procurement behavior, multi-factor positive butyl acrylate prices rebounded. At present, it is judged that although the [...]
In recent days, the overall market for titanium dioxide remained stable, and small factories in Panzhihua District lowered 300-500 yuan per ton. It was heard that major manufacturers have also increased preferential measures for large customers. Ex-factory price: rutile type 16000-17500 yuan/ton, anatase type 14000-15000 yuan/ton. The price of Panzhihua titanium ore fell by 50 [...]
The report issued by OPEC on the 12th predicted that the oversupply situation in the global crude oil market will be further eased, and this expectation will continue to support the rise in oil prices on the 13th. As of the close of the day, light sweet crude for May delivery on the New York [...]
Great Wall energy and chemical plant parking did not promote the market price of vinyl acetate, and began to lower market prices in mid-April. Optimistic expectations weakened, and uncertainty in the outlook market increased. At the beginning of April, Great Wall Energy and Chemical Company's 450,000 tons/year vinyl acetate plant was on schedule for overhaul [...]
Northwest European naphtha cracks fell to a 16-month low Wednesday as the naphtha paper market reacted to higher crude futures, while the physical European naphtha market remained stable amid no major uptick in spot demand and limited supply. The May CIF NWE naphtha crack swap fell 25 cents to minus $4.05/b at the close, while [...]
ExxonMobil will seek a 4 cents/lb ($88/mt) increase in its polypropylene prices, effective May 1, on top of any change in the monomer contract price for the month, the company said Tuesday. ExxonMobil is the first major North American producer to announce such an increase for May shipments. In a letter to customers obtained by [...]
