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According to reports, as international crude oil and naphtha prices have stabilized, spot prices for Asian petrochemical products have rebounded. This is mainly due to tighter market supply than expected, especially in the Middle East, China, and Southeast Asia. Some other crackers are scheduled for overhaul.
With regard to the current market situation, ethylene crackers in Asia will gradually increase the operating rate. This week, the spot price of ethylene in Asia exceeded the US$1,000/ton mark for the first time in two months, and remained at US$1,020/ton CFR Far East, which was US$100/ton higher than last week, keeping the ethylene-naphtha price difference high. , ethylene profitability increased.
The spot price of propylene rose by 20 US dollars/ton to 1,200 US dollars/ton CFR Far East, the spot price of butadiene also rose by 10 US dollars/ton to 1,640 US dollars/ton CFR Far East, the spot price of pure benzene rose by 10 US dollars/ton to 860 US dollars/ Ton of FOB Korea, styrene monomer rose 25 US dollars / ton to 1100 US dollars / ton FOB South Korea.
With regard to the current market situation, ethylene crackers in Asia will gradually increase the operating rate. This week, the spot price of ethylene in Asia exceeded the US$1,000/ton mark for the first time in two months, and remained at US$1,020/ton CFR Far East, which was US$100/ton higher than last week, keeping the ethylene-naphtha price difference high. , ethylene profitability increased.
The spot price of propylene rose by 20 US dollars/ton to 1,200 US dollars/ton CFR Far East, the spot price of butadiene also rose by 10 US dollars/ton to 1,640 US dollars/ton CFR Far East, the spot price of pure benzene rose by 10 US dollars/ton to 860 US dollars/ Ton of FOB Korea, styrene monomer rose 25 US dollars / ton to 1100 US dollars / ton FOB South Korea.
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