News Code :
42584
Ethylene/VCM/Propylene & Styrene Analysis
Petrotahlil-
Ethylene: Up in Asia | Up in Europe | Down in US
• Spot C2 prices climb $25-30 on week in Asia
• Asian supplies diminish due to turnaround season
• European C2 continues to chase slightly firming trend
• Expectations for April C2 contracts call for €10-20 gains
• US market declines further despite firmer Asia, Europe
• Spot prices: CFR Northeast Asia $1095 | CFR Southeast Asia $990 | FOB South Korea $1035 | FD NWE €875-880| FD USG $314-325
VCM: Down in Asia | Stable in Europe | Down in US
• Spot VCM down further by $20 on week in Asia
• Asian VCM follows weaker PVC market
• European VCM market holds steady
• Spot VCM edges down by $5 on week in US
• Softening emerges in line with PVC in US
• Spot prices: CFR Far East Asia $710 | CFR Southeast Asia $730 | FOB NWE $680 | FOB USG $630-640
Propylene: Stable in Asia | Up in Europe | Down in US
• Asian C3 market flat on subdued trading
• Spot C3 edges up in Europe despite healthy supplies
• Expectations on April C3 contract call for slight increases
• Initial March C3 contract settles lower in US
• Spot C3 prices in US move back down
• Spot prices: CFR China $905 | FOB South Korea $870 | FD NWE €905 | FD USG $711-722
Styrene: Up in Asia | Up in Europe | Up in US
• Styrene posts weekly gains in Asia despite ongoing volatility
• Spot prices up around $15 on week in Asia
• European styrene remains bullish on strong demand
• Spot styrene jumps $50 from a week earlier in Europe
• US styrene sustains rising trend amid limited supplies
• Spot prices: CFR China $1100-1105 | FOB South Korea $1060-1065 | Ex-tank Zhangjiagang $1093-1095 | FOB NWE $1150 | FOB USG $1080-1091
