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Crude oil prices rise on Thursday.

On 15 Feb 2019 at 15:00 IST

Let’s start with energy news:
Crude oil prices firmed on Thursday on the back of supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC). Supporting OPEC were reports from non-OPEC oil major Russia who is reportedly withhold
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Asian SM prices edge higher on Thursday

On 15 Feb 2019 at 09:00 IST

SM prices in Asia on Thursday climbed.
The price gain was prompted by higher upstream energy and benzene values a lift in buying sentiments in the region.
FOB Korea prices of SM were assessed at the USD 1025/mt levels, a day on day increase of USD 1
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Ethylene prices bolster higher on Wednesday.

On 14 Feb 2019 at 15:30 IST

Important News:
LyondellBasell the world’s largest licensor of polyolefin technologies, announced that HPCL-Mittal Energy Limited (HMEL), has selected LyondellBasell’s fifth generation Spheripol polypropylene process technology for a 500 KT per yea
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On 13 Feb 2019 at 18:00 IST

Let’s look at the Pricing Scenario for Polypropylene (PP) CFR Far East Asia from February to April 2019:
As predicted, during the First week of February, polypropylene prices gained in Asia. Prices climbed as lower priced import offers were unavai
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High Density Polyethylene (HDPE) prices edge higher in FEA and SEA.

On 13 Feb 2019 at 16:00 IST

Let’s start with energy and feedstock news:
Crude futures climbed on Tuesday on the back of a sharp reduction in crude output by OPEC. Supporting the price increase were reports that Saudi Arabia planned deeper oil supply cuts in the month of March
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Asian ethylene prices bolster higher on Tuesday

On 13 Feb 2019 at 09:00 IST

Ethylene prices in Asia galloped higher on Tuesday.
Reports of limited product avails coupled with a lift in buying inquiries together supported the sharp price rise.
CFR North East Asia prices of ethylene were assessed up at the USD 1015/mt levels,
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Crude oil prices edge lower on Monday

On 12 Feb 2019 at 09:00 IST

Crude futures edged lower on Monday as slow progress in trade talks between USA and China fuelled concerns about global growth. The price drop was further supported by a rise in the active oil rigs count in the US last week. Brent finished at $ 61.51, a drop o...
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SM prices in Asia slip on Monday

On 12 Feb 2019 at 09:00 IST

Styrene Monomer (SM) prices slipped on Monday.
The price decline was mainly on account of bearish buying sentiments in key markets like China post the Lunar New Year holidays.
FOB Korea prices of SM were assessed down at the USD 1015/mt, a fall of U
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No. 2 LDPE unit taken off-stream by Sinopec Shanghai

On 12 Feb 2019 at 08:20 IST

Sinopec Shanghai Petrochemical has undertaken a planed shutdown its No. 2 low density polyethylene (LDPE) unit in Shanghai.
A Polymerupdate source in China informed that the company has halted operations at the unit on February 10, 2019. The unit is likel
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Ethylene prices edge higher last Friday

On 11 Feb 2019 at 15:30 IST

Crude futures inched higher last Friday as supply due to the supply cuts led by the Organization of the Petroleum countries (OPEC). Brent finished at $ 62.10, a rise of 47 cents per barrel while WTI traded at $ 52.72, a gain of 8 cents per barrel.
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