January 14th Asia

Ethylene



SINGAPORE Network Information, as tight supply and raw materials Naphtha And Crude Prices, a strong current spot prices of ethylene in Asia rose to 16-month high. Spot ethylene cargo supply greatly impeded market transactions, offer a number of cargoes available for the 1300 ~ 1350 U.S. dollars / ton (CFR, Asian), and some vendors in anticipation of further price increases next week to suspend sales. Northeast Asian market, delivery offer spread is too large to reach impede the transaction, but the intention spot price rose 70 to 100 U.S. dollars / ton, rising to 1230 to 1300 U.S. dollars / ton (CFR, Northeast Asia). Traders on the one end of the month / early February for the arrival of ethylene shipments quote 1300 ~ 1350 U.S. dollars / ton (CFR, Northeast Asia), but end users worried that too much to buy a fixed price of ethylene shipments for major purchase of cargo by the formula . Most buyers purchase intention for the price of 1,200 dollars / ton (CFR, Northeast Asia), but the number of end users admit to less than 1,250 U.S. dollars / ton (CFR, Northeast Asia) and the price is difficult to get cargo. The buyer of a cargo delivery needs spot price of 1300 U.S. dollars / ton (CFR, Northeast Asia), but the final formula of double-digit premium purchase price of a group of ~ 3500 tons in February 2300 half of the ethylene cargo arrival. China Lanzhou Petrochemical 1 set of cracker explosion did not have a direct impact on the market. South Korea and China Taiwan end-users prefer to purchase contract and local cargo shipments. China Taiwan market in December compared with November contract price of ethylene was up 65 U.S. dollars / ton, for 1073 U.S. dollars / ton. FOB Korean market, a group of 2,300 tons in February half the cargo loaded vinyl to 1200 U.S. dollars / ton selling prices. Southeast Asian market, a number of cargo up to 1,270 U.S. dollars / ton (FOB, Southeast Asia) of the price sold to Southeast Asian ethylene market set the tone, at first Sell Intention price 1300 U.S. dollars / ton (CFR, Southeast Asia), then offer up to 1,350 U.S. dollars / ton (CFR, Southeast Asia). February hunting could lift half of the spot ethylene cargoes arriving buyers that offer delivery and cargo spread widening shortage hinders market activity. Number of shipments arriving in February to more than 1,300 U.S. dollars / ton (CFR, Southeast Asia) the price of the transaction, a group of 9,000 tons from the Middle East, Jan. 9 ~ 10 ethylene cargo being transported equipment to Southeast Asia, but these vessels goods sold.



Propylene



By the limited availability of spot cargoes and the surge in buying interest, support, current Asian propylene market prices. Chinese buyers eager to plant maintenance cycle in Northeast Asia in February before the reserve inventory, but the real deals are not many, because businesses feel the market may reverse side. Two transactions in 1160 and 1200 U.S. dollars / ton price reached, then there is trade in 1230 ~ 1240 U.S. dollars / ton (CFR, China), the price reached. Northeast Asian market, a Japanese trader in 1270 U.S. dollars / ton (CFR, northern China) price bought a number of shipments, followed by Tianjin buyers offer up 5 to 10 dollars / ton. The good news is that there trading as low as 1145 ~ 1190 U.S. dollars / ton (CFR, China), the price reached. Japanese cargo export ample supply, but bad weather prevented traders shipping. On the contrary, South Korea exported cargo supply is limited, the two vendors to 1160 to 1200 were U.S. dollars / ton (FOB) price to sell cargo. China's domestic market prices, Sinopec raised the price to 9900 and 10000 yuan / ton (delivered price). At first, the North China market prices hovering in the 9450 ~ 9550 yuan / ton (delivered price), but then the rapid rise. However, Tianjin and Zhenhai Refining & Chemical petrochemical plant will start production of polypropylene supply will lower surge. The only Southeast Asian propylene market reached a deal to 1150 U.S. dollars for the Asian traders / ton (FOB) prices for a number 1 at the end of the Indonesian cargo ship, the cargo may be shipped to China, Indonesia, followed up manufacturers Quote to 1200 U.S. dollars / ton (FOB); Thai buyers are hunting could lift cargo, due to the government in the Matta district of the new polypropylene production facility will start, but the low price of purchase intention.



Butadiene



Due to tight supply and strong demand from China, Asia butadiene current spot market prices.