VCM, Styrene, Ethylene and Propylene analysis, Aug 19.

Petrotahlil(Tehran) :

VCM: Stable in Asia | Stable in Europe | Stable in US.

• VCM markets flat on week across global markets

• VCM sentiment firms up in Asia on rising PVC

• VCM supplies healthier, demand weak in Europe

• US VCM mirrors stability in PVC market

• Spot prices: CFR Far East Asia $660 | CFR Southeast Asia $690 | FOB NWE $630 | FOB USG $610-620

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

• Spot C2 prices in Asia up $25-35 on week

• Asian market sees a daily drop on Friday as demand wanes

• Market activity limited in Europe on summer holidays

• Spot prices stable in US amid tight supplies

• Spot prices: CFR China $945 | CFR Southeast Asia $855 | FOB South Korea $895 | FD NWE €850 | FD USG $375-386

Styrene: Up in Asia | Up in Europe | Up in US.

• Asian styrene shifts direction on tighter supplies

• Local prices in China up CNY230 on week

• Europe’s styrene market also climbs $25-30

• Market activity improves in Europe ahead of shutdowns

• Spot prices in US also up around $25-30 on week

• Spot prices: CFR China $1015 | FOB South Korea $975 | Ex-tank Zhangjiagang $1064-1065 | FOB NWE $960-965 | FOB USG $926-937

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

• Asian C3 market flat amid lackluster trading

• C3 prices in Europe stable despite a daily gain on Friday

• C3 climbs further in US, albeit at a slower pace

• Weak demand curbs impact of lower C3 stocks in US

• Spot prices: CFR China $960 | FOB South Korea $915| FD NWE €860-865| FD USG $799

Source :ChemOrbis

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