Chemical News
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SM-naphtha spread widens to 8-year high as SM prices rise on low stocks May 24,2013
The price spread between Asian styrene monomer and petrochemical feedstock naphtha hit an eight-year high of $819.90/mt Wednesday on short covering amid low spot inventory in China, Platts data showed. SM prices jumped $10.50/mt day on day to $1,675.50/mt FOB Korea -- hitting a three-month high -- while naphtha fell over the same period by $1...>>>
Initial NWE monoethylene glycol May CP Settled at Eur965/mt FD, down Eur55/mt May 24,2013
An initial European monoethylene glycol May contract price was settled lower by Eur55/mt ($71/mt) to Eur965/mt FD NWE Thursday, industry sources said. The parties involved could not be immediately confirmed. The decrease was driven by feedstock ethylene's tumble. May ethylene contract price settled at Eur1,165/mt FD NWE, down Eur100/mt on...>>>
US methanol contracts expected flat-to-down for June: sources May 24,2013
US methanol contracts from Methanex are expected to roll over for June while Southern Chemical Corp is expected to decrease by 2-3 cents, market sources said Thursday. "SCC will probably come down so they are within a couple cents of the Methanex price," a source said. If Methanex rolls over the price for June, it would remain at the curren...>>>
China 100 Spot Commodities Price Chart - 23/05/2013 May 24,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,9 commodities increased in prices, 32 fell and 59 remained unchanged on 23/05/2013.The largest rises were Raw silk (0.67%),PTA (0.65%),Dried cocoons (0.42%),while the largest falls w...>>>
Proposed China ban on low CV coal imports 'catastrophic' for Indonesian prices May 24,2013
China's proposed ban on imports of low calorific value thermal coal will have a serious impact on Indonesian sub-bituminous coal prices, industry sources said Thursday. Platts, quoting well-informed sources, reported this week that Beijing may impose the ban on imports of thermal coal with a calorific value of less than 4,540 kcal/kg on a net-a...>>>
NYMEX June gas remains firm midday amid neutral storage build May 24,2013
The NYMEX June natural gas futures contract remained in modestly positive territory midday Thursday after the US Energy Information Administration released a storage report that most market players deemed neutral. As of 12:30 p.m. EDT (1630 GMT), the contract was trading at $4.222/MMBtu, up 3.6 cents from its close on Wednesday. For the wee...>>>
Med gasoline switches to premium over NWE EBOB on low supply: trade May 24,2013
The Mediterranean gasoline cargo market has switched from a $19.75/mt discount under the Northwest European Eurobob market to a premium of $10.75/mt in two weeks, on limited supply, market sources said. "The Med is totally dry...the arbs have been way too good into the Arab Gulf versus the Med ... so all the volumes come from that side of the w...>>>
Western Canada, US Midwest retail gasoline prices up on refinery, resupply issues May 24,2013
Gasoline prices in Western Canada and the US Midwest have jumped due to supply issues surrounding the turnaround of Suncor's 135,000 b/d Edmonton, Alberta, refinery, industry sources said Thursday. "Suncor's move to secure gasoline and other fuels from other suppliers, this led to a rise in prices," said a Calgary trader. On April 10, Sunco...>>>
Asian PTA margin hits 10-month high on bearish PX market May 23,2013
The Asian purified terephthalic acid margin on a spot basis hit a 10-month high Tuesday amid the bearish market for feedstock paraxylene due to active selling by Chinese PTA producers, Platts data showed. Based on Platts PTA and PX assessments Tuesday, the Asian PTA margin on a spot basis was calculated at minus $31.50/mt, the highest level sin...>>>
N Asia PET producers to compete with S Asia in Europe after removal of dumping duties May 23,2013
Northeast Asian PET producers on Wednesday expressed concern about rising competition from Southeast Asian producers in the European market, after the EU Council removed antidumping duties on PET imports from five Asian nations. On Tuesday, the council said it will remove a range of antidumping duties on PET imports from India, Taiwan, Thailand...>>>
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