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Asian monomer markets react after crude oil surge

Monomer markets in Asia have got off to a fast start this week, following the news that Saudi Aramco’s oil facilities in eastern Saudi Arabia became the target of highly disruptive drone attacks on the night of September 14. The attack cost Saudi Aramco nearly half of its daily oil output, which in turn resulted in a global daily loss of 5%, and sent the Asian monomer markets into a jitter...

  • 17.09.2019

Weekly Market Drivers for the USA

Weekly Resin Summaries…

  • 16.09.2019

September hikes meet resistance for ABS in Europe

Two European producers approached the market with increases following higher styrene and benzene contracts for September. However, some buyers are bidding for smaller increases or even rollovers as many buyers are refraining from replenishing stocks amid poor performance of the automotive industry...

  • 16.09.2019

Uptrend in spot styrene prices curtailed in Asia

Spot styrene prices in Asia ended last week at their highest in four months, thanks to a decline in inventories in the region. Although firmer pricing in spot benzene prices lent an additional support, market players remained cautious about the recent uptrend. Suspicions regarding the longevity of increases proved warranted when spot styrene prices recorded a daily loss at the start of this week...

  • 10.09.2019

PS extends gains into 2nd month in Europe

Initial offers were revealed with increases beyond the styrene hike…

  • 09.09.2019

Weekly Market Drivers for the USA

Weekly Resin Summaries…

  • 09.09.2019

Trinseo announces September PS, ABS offers in Europe

The producer increased prices by €100/ton for PS and €40/ton for ABS…

  • 06.09.2019

Ineos Styrolution announces Sept PS, ABS offers in Europe

The producer lifted prices for the second straight month…

  • 03.09.2019

LATEST NEWS: September styrene contract settles in Europe

The new contract indicated hikes for the second straight month…

  • 02.09.2019

Weekly Market Drivers for the USA

Weekly Resin Summaries…

  • 02.09.2019

European PS markets on hold ahead of Sept styrene contract

Players in the region have wrapped up their August PS business with increases of €10-30/ton after initial hike requests were trimmed. Now, attention has turned to the imminent outcome of September styrene contracts for the future direction of downstream PS prices...

  • 30.08.2019

Petrochemicals (Malaysia) Sdn Bhd to resume styrene production

The 240,000 tons/year line was shut in July…

  • 29.08.2019

Weekly Market Drivers for the USA

Weekly Resin Summaries…

  • 26.08.2019

China reveals list of US goods set to be subject to additional tariffs

The list includes a wide range of polymers such as PP, LDPE and PET...

  • 26.08.2019

Spot benzene prices hit 10-month high in Europe

The main driver behind the bullish run has been tight supply...

  • 22.08.2019

South Korea’s Kumho plans styrenics maintenance in October

The company’s ABS, PS, EPS and SAN plants will remain shut for 12 days...

  • 21.08.2019

Spot styrene prices in Europe find mild support from upcoming turnarounds

Despite the summer holiday lull across Europe, demand for styrene has shown improvement recently as buyers have intended to secure some cargoes ahead of planned turnarounds in September. This has pushed spot styrene prices slightly higher...

  • 21.08.2019

Turkish SASA’s petchem project to undergo environmental assessment

A public meeting with residents will be held on September 19 in Adana, Turkey…

  • 20.08.2019

Weekly Market Drivers for the USA

Weekly Resin Summaries…

  • 19.08.2019

PS markets plunge to 3-year low in China, SEA

Import PS prices in China and Southeast Asia have been on a downward trajectory since early July amid thin buying appetite and lower feedstock costs. Mounting trade tensions exacerbated cautiousness in the market and sent prices to 3-year lows on a weekly average, according to ChemOrbis Price Index...

  • 16.08.2019

Trinseo announces August PS, ABS offers in Europe

The producer’s new offers indicated increases from last month…

  • 06.08.2019

Ineos Styrolution announces August ABS offers in Europe

Increases came after two straight months of price cuts…

  • 05.08.2019

Weekly Market Drivers for the USA

Weekly Resin Summaries…

  • 05.08.2019

LATEST NEWS: August styrene contract settles in Europe

Increases came after two straight months of decreases…

  • 01.08.2019

Spot PS touches 4-and-a-half year low in Italy

Sharp July drops stirred some buying appetite…

  • 30.07.2019

756 record found.
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