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BLOGS - ALL PRODUCT NEWS

Propylene prices edge higher in parts of Asia

On 17 Jan 2020 at 09:30 IST

On Thursday, propylene prices edged up in some parts of Asia. Prices climbed, mainly on account of persistent tight product availability coupled with improved regional buying trends. FOB Korea prices were assessed at the USD 860/mt levels, a day on day rise........
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Propylene prices gain in Asia on Wednesday

On 16 Jan 2020 at 09:30 IST

Propylene prices inched higher in Asia on Wednesday. Reports of constrained product avails, on an account of unplanned cracker shutdowns, helped propylene sellers to raise their prices higher across the Asian regions. The price rise was further supported, by........
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2-EH units brought on-stream by Shandong Jianlan

On 16 Jan 2020 at 08:15 IST

Shandong Jianlan Chemical, has restarted its 2-ethylhexanol (2-EH) units following a maintenance work.A Polymerupdate source in China informed that, the company has resumed operations at the units on January 14, 2020. The units were shut for catalyst change........
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HDPE, LDPE and LLDPE prices witness a rise in Asia.

On 15 Jan 2020 at 17:00 IST

Let’s start with energy news:Crude oil prices edged marginally higher on Tuesday, on an optimism over global economic growth, as both the U.S and China are all set to sign the long-awaited Phase one trade deal. WTI crude prices inched higher by 15 cents,........
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Ethylene prices continue to quote higher in Asia

On 15 Jan 2020 at 09:30 IST

On Tuesday, reports of persistent strong demand trends and constrained regional product avails, pushed ethylene prices higher in Asia. CFR North East Asia ethylene prices were assessed up at the USD 810/mt levels, a day on day increase of USD 10/mt.CFR South........
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Methanol plant taken off-stream by Kaveh Methanol

On 15 Jan 2020 at 08:40 IST

Kaveh Methanol Company, has shut its methanol plant owing to shortage of natural gas feedstock.A Polymerupdate source in Iran informed that, the company has halted operations at its Methanol plant on January 12, 2020. Further details on duration of the........
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Crude oil futures decline on Monday.

On 14 Jan 2020 at 17:00 IST

Let’s start with energy and feedstock news: Crude oil futures dropped on Monday, owing to an ease of the geopolitical tensions in the Middle East. WTI crude prices declined by 96 cents, finishing at $58.08 per barrel, while Brent futures fell by 78 cents,........
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SM prices quote higher in Asia

On 14 Jan 2020 at 09:30 IST

Stronger upstream benzene values and a lift in demand trends in major markets like China, pushed SM prices higher in Asia, on Monday. Reports of limited product availability, further supported the price gain.FOB Korea SM prices were assessed up at the USD........
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Unplanned outage reported at Methanol plant of QAFAC

On 14 Jan 2020 at 09:00 IST

Qatar Fuel Additives Co (QAFAC), had undertaken an unplanned shutdown at its methanol plant owing to technical issues.A Polymerupdate source in Qatar informed that, the company halted operations at the plant on January 4, 2020. Further details on duration of........
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Ethylene and Propylene prices bolster higher in Asia last week

On 13 Jan 2020 at 17:00 IST

Let’s start with energy and feedstock news:Crude oil prices edged lower last Friday, owing to an ease in the tensions between the U.S and Iran and rising crude oil inventories leading to ample supply. Brent futures fell by 39 cents, settling at $64.98 per........
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Benzene prices drift lower in Asia

On 13 Jan 2020 at 09:30 IST

Last week, benzene prices drifted lower in Asia. Bearish upstream crude values and weaker buying sentiments, forced sellers to reduce their prices lower across the Asian regions. On Friday, benzene prices were assessed at the USD 720/mt FOB Korea levels, a........
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CPC eyes turnaround at No. 3 Cracker

On 13 Jan 2020 at 09:20 IST

CPC Corp, is in plans to shut its No. 3 cracker for a maintenance turnaround.A Polymerupdate source in Taiwan, informed that, the company has schedule to commence a turnaround at the cracker, in mid-February 2020. The cracker is likely to remain off-stream........
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Ethylene prices climb in Asia

On 10 Jan 2020 at 09:30 IST

Ethylene prices climbed higher in Asia, on Thursday. Prices gained, as product availability continued to remain tight coupled with bullish regional buying trends. CFR North East Asia ethylene prices were assessed up at the USD 775/mt level, a rise of USD 5/mt........
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Keiyo Ethylene reduces run rates at cracker

On 10 Jan 2020 at 08:20 IST

Keiyo Ethylene, has lowered operational rates at the cracker, owing to bearish market conditions.A Polymerupdate source in Japan informed that, the company has cut its run rates to around 90-95% of production capacity levels at the cracker in early-January,........
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Ethylene prices edge higher in parts of Asia on Wednesday

On 09 Jan 2020 at 09:30 IST

On Wednesday, ethylene prices inched higher in the North East Asian regions. CFR North East Asia ethylene prices were assessed up at the USD 770/mt level, a day on day increase of USD 5/mt. Prices climbed, mainly on an account of bullish regional buying........
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Dongguan Grand plans to restart PP plant

On 09 Jan 2020 at 08:20 IST

Dongguan Grand Resource Science and Tech is likely to restart its Polypropylene (PP) plant following a turnaround.A Polymerupdate source in China informed that the company has planned to resume operations at the plant on January 16, 2020. The plant was shut........
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Asian propylene prices edge higher in Asia

On 08 Jan 2020 at 09:30 IST

On Tuesday, propylene prices were assessed higher in Asia. Prices climbed, mainly on an account of strong upstream costs and bullish regional demand sentiments. Reports of limited product avails, further supported the price gain.FOB Korea propylene prices........
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Jiangsu Sabron starts maintenance at PS plant

On 08 Jan 2020 at 08:40 IST

Jiangsu Sabron Petrochemical CO LTD, has shut its polystyrene (PS) plant for a turnaround.A Polymerupdate source in China informed that, the company has started maintenance at the plant on January 4, 2020. The is likely to restart on January 18, 2020.Located........
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Weekly Market Summary by IDFC First Bank - For the week ended 3 Jan 2020

On 07 Jan 2020 at 16:30 IST

Weekly Market Summary by IDFC First Bank - For the week ended 3 Jan 2020Please click here to download pdf........
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Propylene prices rise in Asia on Monday

On 07 Jan 2020 at 09:30 IST

Propylene prices gained in Asia, on Monday. The price rise was triggered by stronger regional buying trends, coupled with tight product availability. Firmer upstream crude and naphtha values, further supported the price gain.FOB Korea propylene prices were........
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North Huajin Chemical resumes PP production

On 07 Jan 2020 at 08:20 IST

North Huajin Chemical Industry has restarted its No. 2 polypropylene (PP) unit following an unplanned maintenance.A Polymerupdate source in China informed that the company has resumed operations at the plant on January 4, 2020. The plant was shut on December........
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Propylene prices march higher in Asia last week.

On 06 Jan 2020 at 17:30 IST

Let’s start with energy and feedstock news:Crude oil prices rose more than 3% last Friday, owing to the escalating tensions between Iran and the United States. Brent futures rose sharply by USD 2.35, settling at $68.60 per barrel while WTI futures climbed by........
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Benzene prices edge higher in Asia

On 06 Jan 2020 at 09:30 IST

Last week, benzene prices inched up in Asia. The price rise was supported by firmer upstream energy rates and a lift in buying sentiments in the region. Gains recorded in downstream SM values and higher benzene rates in the U.S., further supported the price........
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PET plant taken off-stream by Yisheng Petrochemical

On 06 Jan 2020 at 08:20 IST

Yisheng Petrochemical has undertaken a planned shutdown at its polyethylene terephthalate (PET) plant.A Polymerupdate source in China informed that the plant was taken off-line for maintenance in end-December, 2019. It is likely to remain off-line for about........
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Asian propylene prices rise on Thursday

On 03 Jan 2020 at 09:30 IST

On Thursday, propylene prices in Asia journeyed northward. The price rise was supported by higher upstream crude values, coupled with tight regional product avails.FOB Korea propylene prices, were assessed up at the USD 790/mt levels, a day on day increase of........
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Tianjin Bohai starts maintenance at PDH plant

On 03 Jan 2020 at 08:40 IST

Tianjin Bohai has undertaken a planned shutdown at its propane dehydrogenation (PDH) plant.A Polymerupdate source in China informed that the company has started turnaround at the plant in end-December, 2019. The plant is likely to remain under maintenance for........
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Domestic producers raise PVC prices w.e.f. January 1, 2020.

On 02 Jan 2020 at 17:30 IST

Let’s start with energy news: Crude oil prices fell on Tuesday. WTI crude prices declined by 62 cents, finishing at $61.06 per barrel, while Brent futures dropped by 67 cents, settling at $66.00 per barrel.According to Vandana Hari of Vanda Insights – - Crude........
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Benzene prices in Asia down adjust

On 02 Jan 2020 at 11:30 IST

On Tuesday, spot benzene prices dropped in Asia, as buying trends continued to remain sluggish in major markets like China.A decline in the downstream SM rates, further supported the price decline.FOB Korea benzene prices, were assessed down at the USD 735/mt........
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LG Chem to reduce run rates at cracker

On 02 Jan 2020 at 08:20 IST

LG Chem, is in plans to reduce operational rates at cracker, owing to weak economic fundamentals.A Polymerupdate source in South Korea informed that, the company is likely to cut its run rates to around 90-95% of production capacity levels at the cracker from........
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Asian SM prices gain

On 27 Dec 2019 at 09:30 IST

SM prices in Asia climbed higher on Thursday. The price rise was prompted by higher upstream energy and benzene values.FOB Korea SM prices were assessed up at the USD 870/mt levels, a gain of USD 5/mt from Wednesday’s assessed levels.CFR China prices were........
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