Aromatics

Benzene prices on an FOB Korea basis moved in a narrow range. Benchmark feedstock crude prices were firm but there were perceptions that crude prices might fall going forward along with a rise in production in oil producing countries. Therefore, market directions were uncertain. Paraxylene prices on a CFR Northeast Asia basis strengthened in the middle of the week. As it was right before holidays, shipments of polyester products were active.

Olefins

Ethylene prices on a CFR Northeast Asia basis decreased. Supply in China was ample while demand for derivatives of ethylene was dull. As a result, supply/demand was slack. In trade on an FOB basis, Malaysia's Pengerang Refining and Petrochemical (PRefChem) sold two cargoes of ethylene loading at prompt timings since troubles occurred at its derivative facility.

In the Asia propylene market, activity was muted in general.

In the CFR Northeast Asia market, buying interest for imported cargoes from end-users receded since China domestic prices were bearish. But since there were few available cargoes, prices showed no changes.

In the Southeast Asia market, supply was still seen to be tight since several propylene facilities were experiencing troubles.

Butadiene prices on a CFR Northeast Asia basis softened due to perceptions of ample supply. In trade of cargoes from outside Asia, a deal for a European cargo was reported. Selling interest for US cargoes was also observed. Demand for butadiene was also weak in the Europe and US markets.

In Southeast Asia, several petrochemical makers conducted sales negotiations for October loading cargoes.

To view sample report, click on icon below.