Styrene,Ethylene and Propylene Analysis.

Styrene Analysis

Styrene: Down in Asia | Down in Europe | Down in US

• Renewed trade war hampers trade in Asia 

• Spot styrene retreats $55-60 in Asia 

• China’s local market retreats by CNY255 on week 

• European styrene plunges $75 on week 

• US market down in line with global trend

• Spot prices: CFR China $1035 | FOB South Korea $995 | Ex-tank Zhangjiagang $1053-1056 | FOB NWE $945 | FOB USG $915-926

Ethylene Analysis

Ethylene: Stable in Asia | Stable to Up in Europe | Stable to down in US

• Asian C2 stable amid weak sentiment 

• Prices on FD NWE basis regain last week’s losses 

• Firm naphtha prices push European C2 higher 

• US ethylene slightly down on week 

• Long supplies keep US market under pressure

• Spot prices: CFR Northeast Asia $980 | CFR Southeast Asia $890 | FOB South Korea $920 | FD NWE €1005-1010| FD USG $295-298

Propylene Analysis

Propylene: Stable to Down in Asia | Up in Europe | Up in US. 

• Spot C3 on CFR China basis down by $10 on week again 

• Buyers remain cautious amid weak PP demand in China 

• Spot C3 prices in Europe up further on diminishing supply 

• US C3 market firms back up on healthy demand 

• Expectations for May C3 contract call for hikes in US

• Spot prices: CFR China $870 | FOB South Korea $850 | FD NWE €970-975 | FD USG $876-887