processing...

Blog Details

Asian Ethylene Discussions are abounding on a bearish near-term outlook / Downstream weakness limits buying indicators / Selling indicators pressured by narrow naphtha spread

Asian Ethylene Discussions are abounding on a bearish near-term outlook / Downstream weakness limits buying indicators / Selling indicators pressured by narrow naphtha spread

May 13, 2024

Discussions in the Asian ethylene markets were rangeboundin the week ended May 10 as bearish near-term outlook weighedon activity.Demand weakness downstream capped buying indications,while selling indications remained under pressure on narrowethylene-naphtha spreads.Selling indications were heard at $870-$880/mt CFRNortheast Asia during the week against buying indications at$850/mt and below.In plant news, Thailand's SCG Chemicals has declared forcemajeure on chemicals loading from its Map Ta Phut and RayongOlefins ports at Rayong following the pygas fire May 9, accordingto letters issued by producers to customers and seen by S&PGlobal Commodity Insights.Producers Map Ta Phut Olefins Co., or MOC, and RayongOlefins Co. Ltd., or ROC, issued the force majeure letters May 9 tointernational customers citing "cracker operations being severelyimpacted as a consequence" of the fire.In the Philippines, JG Summit shut its naphtha-fed steamcracker May...

Exclusive market movement data, shipping lineups, demand signals and pricing rationale continue in full report.

Unlock complete article access with a paid account.

Continue Reading With Membership

This is a preview. Login and activate a paid plan to read the complete article.

Login to Continue