27-Jun-17
Sentiment in the Asian petrochemical market is set to be mixed this week after a fall in upstream crude oil futures and thin trading activity last week in the to end of Ramadan holidays in the Middle East and Southeast Asia. S&P Global Platts did not publish assessments Monday due to the public holiday in Singapore.
August ICE Brent futures fell US$1.83/b week on week to US$45.49/b at 4:30 pm Singapore time (0830 GMT) last Friday. China's Ministry of Commerce announced the same day it had launched an antidumping investigation into styrene monomer imports from South Korea, Taiwan and the US following a recent petition filed by domestic SM producers. The probe will examine imports over January 1-December 31 last year and is expected to be concluded by June 23 next year, which could be extended to December 23, 2018, under special circumstances, the ministry said in a statement.
AROMATICS
Asian aromatics markets came under pressure last week amid the fall in crude oil futures. The FOB Korea benzene marker was assessed down US$14.50/mt week on week at US$735/mt last Friday. The FOB Korea toluene marker dived US$35/mt over the same period to US$574/mt, the lowest level since August 29 last year when it was assessed at U$567.50/mt, under pressure from weak buying interest due to a slim toluene disproportionation margin.
The CFR China SM marker fell US$20.50/mt week on week to be assessed at US$1,108.50/mt last Friday, with the styrene production margin calculated at plus US$82.50/mt, narrowing from US$94.10/mt a week earlier. CFR Taiwan/China paraxylene price dived US$28.33/mt week on week to be assessed at US$768.67/mt last Friday, while the CFR Taiwan isomer-grade mixed xylene price fell US$17/mt over the same period to US$637.50/mt.
The price declines came despite aromatics inventories in key buyer market China seen lower for several products. In East China, the toluene inventory level fell 6.26% week on week to 75,000 mt, mixed xylene inventory fell 9.09% to 50,000 mt and SM inventory fell 2.74% to 71,000 mt, Platts data showed. On the other hand, benzene inventory in China rose 22,500 mt week on week to 82,000 mt.
OLEFINS
Asian olefins markets shrugged off falling crude futures last week to firm amid tight supply concerns. In South Korea, olefins supplies were seen to have turned tight as Korea Petrochemical Industry Co., or KPIC, continued to struggle to achieve on-spec production at its sole naphtha-fed steam cracker at Onsan. The steam cracker is able to produce 800,000 m tpa of ethylene and 500,000 m tpa of propylene.
在日本，三井化学物质在6月20日在Chiba上关闭了Naphtha-fed的蒸汽饼干，以进行年度维护，该维护定于8月2日。在东南亚，印度尼西亚Chandra Asri石油化学的唯一Naphtha-fed Steam Cracker在6月10日发生小型火灾后以约90％的容量运行，预计将以90％的速度运行一个月。它具有生产860,000 m TPA的乙烯，430,000 m TPA的设计能力，220,000 m TPA的混合C4和280,000 M TPA的Pygas。CFR东北亚洲的价格上涨960美元/吨，乙烯价格上涨960美元/吨，而FOB韩国丙烯价格在同一时期上涨了6/mt，至831美元/吨。同时，上周五，CFR中国丁二烯价格每周飙升至965美元，至965美元/吨。
聚合物
上周亚洲聚合物市场主要是看跌。电影级高密度聚乙烯每周下跌5美元/吨，上周三以1,085美元/吨CFR远东亚洲评估，HDPE的需求在6月的高峰制造季节已经结束。根据市场消息来源，在中国，中国东部和南部港口的HDPE库存正在缓慢地降低，尽管它们仍然被认为相对较高，约为40万吨。在东方港口的PE库存的粗略估计值约为700,000-750,000吨。远东亚洲聚丙烯价格每周下跌5美元/吨，以$ 965/吨的周三评估，在需求较低的季节也是如此。CFR中国PVC价格每周下跌5美元/吨，上周三以865美元的价格评估。新鲜的7月份优惠在中国的860-870美元/mt $ 860-870范围内，与6月份定居点相比不变。一些最终用户正在接受要约水平，而大多数人则选择采用拭目以待。
Previous News
下一个新闻
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}