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BLOGS - ALL PRODUCT NEWS

Benzene prices quote higher in Asia

On 23 Jun 2021 at 08:30 IST

On Tuesday, stronger upstream energy values and improved regional demand trends pushed benzene prices higher in Asia. FOB Korea benzene prices were assessed at the USD 940-945/mt levels, a rise of USD (+5/mt) from Monday's assessed levels.CFR China, benzene........
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Sinochem Quanzhou halts production at SM plant

On 23 Jun 2021 at 08:30 IST

Sinochem Quanzhou Petrochemical, has taken off-stream its Styrene monomer (SM) plant in Fujian.A Polymerupdate source in China informed that, the company recently halted operations at the plant for a maintenance turnaround. The exact duration of shutdown........
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SM prices edge higher in Asia

On 22 Jun 2021 at 08:30 IST

On Monday, SM prices inched higher in Asia. The price rise was on the back of higher upstream energy values and a lift in buying inquiries in the region.FOB Korea SM prices were assessed at the USD 1150-1155/mt levels, a gain of USD (+10/mt) from last........
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Ethylene and propylene prices drift lower in Asia last week

On 21 Jun 2021 at 05:25 IST

Let's start with energy and feedstock news:Crude oil prices gained last Friday after the American Petroleum Institute (API) and Energy Information Administration (EIA) reported a crude oil inventory draw. Brent futures gained by 43 cents settling at $73.51........
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Lotte Chemical resumes production at cracker

On 21 Jun 2021 at 11:05 IST

Lotte Chemical, has brought on-stream its cracker at Daesan.A Polymerupdate source in South Korea informed that, the company has recently resumed operations at the cracker following a turnaround. The cracker was shut for maintenance in mid-May, 2021.Located........
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Butadiene prices gallop higher in Asia

On 21 Jun 2021 at 08:30 IST

Last week, butadiene prices surged in Asia. Prices spiked, mainly on account of bullish demand trends in major markets like China and persistent constrained product availability.FOB Korea prices of butadiene were assessed at the USD 1280-1285/mt, a steep rise........
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Propylene prices slip in Asia

On 19 Jun 2021 at 08:30 IST

This week, propylene prices dropped in Asia. The price fall was a result of continued sluggish buying sentiments in the region and ample product availability.Bearish downstream PP demand and pricing trends further supported the price drop.On Friday, CFR China........
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Ethylene prices decline in Asia on Thursday

On 18 Jun 2021 at 08:30 IST

Ethylene prices slipped in Asia on Thursday. The price fall was prompted by plentiful product availability and persistent weaker demand trends in key markets like China.CFR North East Asia ethylene prices were assessed at the USD 890-895/mt levels, a day on........
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Formosa Plastics to resume production at Texas cracker

On 17 Jun 2021 at 09:25 IST

Formosa Plastics Corporation USA, is likely to bring on-stream its cracker in Point Comfort, Texas.A Polymerupdate source in the US informed that, the company has planned to resume operations at the cracker by this weekend. The cracker was shut owing to........
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MEG prices edge higher in Asia on Wednesday

On 17 Jun 2021 at 08:30 IST

MEG prices inched higher in Asia on Wednesday. The price rise was supported by stronger upstream energy values and improved buying inquiries in the region.CFR China prices of MEG were assessed at the USD 630-635/mt levels, a gain of USD (+5/mt) from........
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Ethylene prices tumble in Asia on Tuesday

On 16 Jun 2021 at 08:30 IST

Ethylene prices drifted sharply lower in Asia on Tuesday. The price fall was triggered by weaker persistent bearish regional demand trends.Reports of plentiful product availability in the region further pressured prices lower in Asia.CFR North East Asia........
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Ethylene prices slip in Asia on Monday

On 15 Jun 2021 at 08:30 IST

On Monday, despite higher upstream costs, ethylene prices edged lower in Asia. The price fall was on the back of persistent weaker regional demand trends and sufficient product availability.CFR North East Asia ethylene prices were assessed at the USD........
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Butadiene prices spike in Asia

On 14 Jun 2021 at 08:30 IST

Last week, butadiene prices witnessed a sharp rise in Asia. The price gain was supported by stronger regional demand trends and tight product availability.Bullish global cues further pushed prices higher in Asia.FOB Korea prices of butadiene were assessed at........
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IRPC's SM unit shuts for maintenance

On 12 Jun 2021 at 08:40 IST

Integrated Refinery and Petrochemical Co (IRPC), has undertaken a planned shutdown at its Styrene monomer (SM) unit in Rayong.A Polymerupdate source in Thailand informed that, the company has started maintenance turnaround at the unit on June 6, 2021. The........
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Ethylene prices tumble in Asia

On 12 Jun 2021 at 08:30 IST

This week, ethylene prices plunged in Asia. The sharp price fall was prompted by persistent bearish buying sentiments and plentiful product availability.Sluggish downstream PE demand and pricing trends further pressured prices lower.On Friday, CFR North East........
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Shenhua Ningxia resumes production at No. 3 and No. 4 PP units

On 11 Jun 2021 at 08:40 IST

Shenhua Ningxia Coal Industry, has bought on-stream its No.3 and No. 4 Polypropylene (PP) units.A Polymerupdate source in China informed that, the company recently resumed operations at the unit following a turnaround. The units was shut for maintenance on........
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Propylene prices tumble in Asia on Thursday

On 11 Jun 2021 at 08:30 IST

On Thursday, propylene prices drifted sharply lower in Asia. The price fall was prompted by persistent bearish regional buying sentiments and plentiful product availability.Weaker downstream PP demand and pricing trends further supported the price drop.FOB........
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Ethylene prices drop in Asia on Wednesday

On 10 Jun 2021 at 04:05 IST

Let's start with energy and feedstock news:WTI crude oil prices slipped on Wednesday following a rise in the gasoline and distillate inventories as reported by the Energy Information Administration (EIA) and the American Petroleum Institute (API). WTI futures........
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Ethylene prices quote lower in Asia

On 10 Jun 2021 at 08:30 IST

Despite high upstream crude and naphtha rates, Ethylene prices were assessed lower in Asia on Wednesday. The price fall was on the back of weaker buying sentiments in the region and ample product availability.Bearish downstream PE product demand and pricing........
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Ethylene prices tumble in Asia on Tuesday

On 09 Jun 2021 at 08:30 IST

Ethylene prices drifted sharply lower in Asia on Tuesday. The price fall was triggered by weaker upstream energy values and bearish regional demand trends.Reports of plentiful product availability in the region further pressured prices lower in Asia.CFR North........
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Sinopec Zhenhai resumes production at cracker

On 08 Jun 2021 at 09:00 IST

Sinopec Zhenhai Refining & Chemical, has bought on-stream its cracker in Ningbo.A Polymerupdate source in China informed that, the company recently resumed operations at the cracker following a turnaround. The cracker was shut for maintenance in end-May,........
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MEG prices slip in Asia on Monday

On 08 Jun 2021 at 08:30 IST

MEG prices declined in Asia on Monday. The price drop was supported by weaker upstream energy values and sufficient product availability.Weaker MEG further on the Dalian Commodity Exchange in China further pulled prices lower in Asia.CFR China prices of MEG........
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GAIL likely to resume production at HDPE unit

On 07 Jun 2021 at 08:35 IST

Gas Authority of India Ltd (GAIL), is in plans to restart a HDPE unit at Pata.A Polymerupdate source in India informed that, the company is likely to resume operations at the unit early this week. The unit was shut in mid-May, 2021 owing to technical........
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Butadiene prices bolster higher in Asia

On 07 Jun 2021 at 08:30 IST

Last week, butadiene prices leapt higher in Asia. The price rise was triggered by stronger upstream energy values and bullish buying sentiments in key markets like China.Reports of persistent tight product availability further supported the price gain.On........
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MEG prices climb higher in Asia

On 05 Jun 2021 at 08:30 IST

This week, MEG prices gained in Asia. The price rise was supported by firmer upstream energy values and improved buying sentiments in the region.Stronger MEG futures on the Dalian Commodity Exchange in China and gains recorded in fellow polyester PTA........
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Idemitsu's SM plant shuts for maintenance

On 04 Jun 2021 at 08:40 IST

Idemitsu SM Malaysia, has taken off-stream its styrene monomer (SM) plant in Pasir Gudang.A Polymerupdate source in Malaysia informed that, the company started maintenance turnaround at the plant in early-June, 2021. Further details on duration of the........
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SM prices slide in Asia on Thursday

On 04 Jun 2021 at 08:30 IST

On Thursday, SM prices drifted lower in Asia. The sharp price fall was supported by bearish buying trends in major markets like China.FOB Korea SM prices were assessed at the USD 1235-1240/mt levels, a tumble of USD (-50/mt) from Wednesday's assessed........
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Crude oil prices march higher on Wednesday

On 03 Jun 2021 at 04:35 IST

Let's start with energy news:Crude oil prices climbed higher on Wednesday after the American Petroleum Institute (API) reported a crude oil inventory draw. Also, the decision taken by OPEC and allies to stick to the current oil output plan to progressively........
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Zhejiang Petrochemical resumes production at PDH plant

On 03 Jun 2021 at 09:05 IST

Zhejiang Petrochemical, has brought on-stream its propane dehydrogenation (PDH) plant.A Polymerupdate source in China informed that, the company recently resumed operations at the plant following a turnaround. The plant was shut for maintenance on April 21,........
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MEG prices quote higher in Asia on Wednesday

On 03 Jun 2021 at 08:30 IST

Stronger upstream energy values and improved regional buying inquiries pushed MEG prices higher in Asia on Wednesday. firmer MEG futures on the Dalian Commodity Exchange in China further supported the price gain.CFR China prices of MEG were assessed at the........
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