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polymerupdate
17 Aug 2018

Asian SM prices down adjust on Thursday

Spot SM prices in Asia on Thursday slipped. A steep drop in upstream crude rates on Wednesday and persistent fall in benzene feedstock values, together pulled SM prices lower across the Asian region. FOB Korea prices of SM were assessed down at the........
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Crude In sight

1. Crudefutures were trading a few cents in the red early Friday in Asia, unable tohold on to the modest gains made at Thursday’s close after three straight daysof losses prompted by growing demand worries from escalating trade andpolitical conflicts between the US and various countries, the latest beingTurkey.

 

2. US WhiteHouse economic advisor Larry Kudlow confirmed Thursday that US and Chineseofficials are due to meet later this month to resume negotiations over trade.He added, though, that the Chinese government should not “underestimatePresident Trump’s toughness and willingness to continue this battle…”

 

3. Stockmarkets across Asia had opened mostly in the green Friday, but China’s Shanghaiand Shenzhen indexes were in the red. While sentiment in the financial marketsis set to remain volatile and stocks may show quick rebounds on positiveheadlines on the international trade front, oil’s bearishness is rooted in alonger-horizon perspective on consumption.

Click here for a snapshot of the market

CRUDE PRICE UPDATE 16/08/2018

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Brent
71.43 USD/bbl      0.67 (0.95%)
Prev. Price 70.76 as of 15/08/2018
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Nymex RBOB Gasoline Future
198.74 USD/gal      -1.00 (-0.50%)
Prev. Price 199.74 as of 15/08/2018
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WTI Cushing
65.46 USD/bbl      0.45 (0.69%)
Prev. Price 65.01 as of 15/08/2018

Latest News Updates

Plant News
Important News
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Acrylonitrile butadiene styrene (ABS) prices rise in China and SEA18 Aug 2018 13:15 IST

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Polystyrene (PS) prices continue to journey north in Asia18 Aug 2018 12:45 IST

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MEG prices drift lower in Asia18 Aug 2018 12:30 IST

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Low density polyethylene (LDPE) prices slip in FEA18 Aug 2018 11:45 IST

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PTA prices spike in Asia18 Aug 2018 11:30 IST

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High density polyethylene (HDPE) prices fall in Asia18 Aug 2018 11:20 IST

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Polyvinylchloride (PVC) prices quote steady in Asia18 Aug 2018 11:00 IST

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Polypropylene (PP) prices inch higher in FEA. Prices drop in parts of South Asia.18 Aug 2018 10:45 IST

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SM prices quote lower in parts of Asia18 Aug 2018 10:30 IST

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Linear low density polyethylene (LLDPE) prices inch lower in FEA and SEA18 Aug 2018 10:20 IST

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Ethylene prices remain steady in Asia18 Aug 2018 09:30 IST

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Tianjin Dagu curtails operational rates at ABS plant18 Aug 2018 08:20 IST

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Celanese restarts Nanjing VAM plant18 Aug 2018 07:20 IST

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Nghi Son resumes operations at PX plant18 Aug 2018 06:20 IST

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IOCL hikes LLDPE prices18 Aug 2018 06:15 IST

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Butadiene plant brought on-stream by Shell18 Aug 2018 05:20 IST

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Solvents plant brought on-stream by Mitsui Chemicals18 Aug 2018 04:20 IST

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High Density Polyethylene (HDPE) film export prices slip in the USA17 Aug 2018 18:00 IST

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Three rating agencies upgrade LANXESS17 Aug 2018 17:55 IST

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Polystyrene (PS) prices remain stable in the USA17 Aug 2018 17:50 IST

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Intraday Trade : Crude Oil17 Aug 2018 17:45 IST

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Linear low density polyethylene (LLDPE) export prices slide in the USA17 Aug 2018 17:45 IST

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ABS export prices inch lower in the USA17 Aug 2018 17:40 IST

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LDPE export prices drift lower in the USA17 Aug 2018 17:30 IST

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Polypropylene (PP) export prices tumble in the USA17 Aug 2018 17:20 IST

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Polyvinylchloride (PVC) export prices assessed steady in the USA17 Aug 2018 17:15 IST

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MEG prices quote stable in Europe17 Aug 2018 17:05 IST

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Polyethylene terephthalate (PET) spot and contract prices gain in Europe17 Aug 2018 17:00 IST

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Acrylonitrile butadiene styrene (ABS) contract prices edge higher in Europe17 Aug 2018 16:45 IST

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Ethylene prices inch higher in Europe17 Aug 2018 16:40 IST

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Polystyrene (PS) prices climb in Europe17 Aug 2018 16:30 IST

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SM prices climb in Europe17 Aug 2018 16:25 IST

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Polypropylene (PP) prices remain steady in Europe17 Aug 2018 16:15 IST

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Butadiene prices rise in Europe17 Aug 2018 16:10 IST

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Spot high density polyethylene (HDPE) prices assessed stable in Europe17 Aug 2018 16:00 IST

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Propylene prices edge higher in Europe17 Aug 2018 15:50 IST

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Linear low density polyethylene (LLDPE) prices remain flat in Europe17 Aug 2018 15:45 IST

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Mumbai Traded Chemical Prices (Drum) As On 17th August 201817 Aug 2018 15:40 IST

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Introduction

Polymerupdate is one of the fastest growing market intelligence companies in the world. Polymerupdate is a world renowned provider of business critical industry news and real time price alerts. Some of the products tracked daily include Crude Oil, Naphtha, Aromatics, Olefins, Polyolefins and Petrochemical Intermediates for the global markets with a special focus on Asia, India, The Middle East, Europe, US, Latin America and Africa.

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