Hottest international olefin market information

  • Detail

International olefin market information

olefin market price (USD/ton)

FOB South Korea CFR Northeast Asia CFR Southeast Asia CFR

ethylene n/a

propylene n/a n/a

butadiene n/a *

note: *cfr Taiwan

overall dynamics of ethylene market

market trading was quiet. However, there is no sign that its downstream product market continues to suppress buyers' purchase intention. The sharp firmness of naphtha market price and political uncertainty increased market anxiety. Producers are reluctant to accept lower ethylene prices. It is said that it is necessary to reduce the operating rate of the unit this week, but the news of the reduction has not been announced yet

Northeast Asia: the strike in South Korea this week dominated the market this week. One of the units in yeochon refinery seems to be shutting down to settle the dispute with the workers' Federation. Buyers in the spot market want to purchase ethylene shipments in the second half of September/the first half of October. Negotiations between the buyer and the seller were still going on on Friday. Among them, the bid price of the buyer is 440 US dollars/ton (CFR Korea can also be used in the engine room), while the bid price of the seller is 450 US dollars/ton (CFR Korea). It is said that the domestic market supply in South Korea may increase. However, the threat of strike by workers in another production base of yeochon refinery still exists, and may lead to the delay of the overhaul period of its unit. In this event, it is expected that spot shipments will be relatively abundant. This week, two batches of Southeast Asian spot shipments loaded in September were confirmed to be sold to the Northeast Asian market. It is reported that a batch of cargoes loaded in the first half of October were sold to Taiwanese buyers at the price of $420/ton (CFR), but this news has not been confirmed. In addition, the operating rate of a cracking unit with a capacity of 385000 tons in Taiwan was reduced to about 80% for some reasons

Southeast Asia: Although supply and demand are actually relatively balanced this week, market prices have declined slightly. Although the CFR inquiry is limited, the regional supply is not sufficient. Among them, Thailand has no cargo sales due to the recent device failure. Similarly, Malaysia has no more cargo supply. Only some September/October shipments in Indonesia are available for purchase. It is said that at the beginning of this week, a batch of 2300 tons of Indonesian cargo was sold at US $445/ton (CFR Indonesia). In addition, buyers have also been found for two shipments of September shipment this week. One batch of 3000 tons of September shipment was sold at the formula price. Another batch of 3300 tons of September shipment was sold on Thursday at US $390/ton (FOB Indonesia), and both shipments were sold to Northeast Asia

overall dynamics of propylene market

propylene market price fell again this week. The reason for the decline in market prices is the increase in Korean supply. Several of the shipments were sold at very low FOB prices. In addition, the inflow of deep-sea cargo, the weakness of polypropylene market and the increase of supply in Japan also played a role in October. Moreover, the uncertainty of workers' strike activities in South Korea and the further sales pressure faced by its spot market shipments also put pressure on the market this week. Although businesses admit that the current market is showing a downward trend, the rate of decline is really surprising

Northeast Asia: this week, Korean manufacturers want to sell two batches of October conversion shipments at a price lower than 450 US dollars/ton (FOB), which is as much as 30 US dollars/ton lower than its previous sales price, which fully shows the current downturn in the propylene market. In addition, the fourth quarter contract price in South Korea will be discussed next week, which has also promoted market sales. According to Korean manufacturers, the quarterly contract delivery price of the fourth profit and tax of 1.54 billion yuan is close to $500/ton, while the buyer's purchase intention price may be $450/ton (delivery price)

the strike of Korean refinery workers also makes the market prospect difficult to distinguish. It is said that the market transaction price on Friday was USD/ton (CFR South Korea/delivery price). Its policy target for 15 Chinese buyers to eliminate excess capacity is 00 tons, and the price of shipment in mid September is $470/ton (CFR). Trading in the Chinese market was quiet, as most buyers' demand was completed in September

Southeast Asia: a merchant claimed that the highest bid price in the market was USD/ton (CFR Southeast Asia), but no transaction reached at this price was confirmed. The price discussed between the buyer and the seller in the Philippines fell by nearly $500/ton (CFR) from the original $515/ton (CFR). It is said that the buyer's intended purchase price is USD/ton (CFR Philippines). Indonesian buyers said that they had successfully purchased a batch of cargoes at a price lower than US $500/ton (CFR) this week. In addition, a batch of October shipment from South Korea was finally traded at US $490/ton (CFR). It is said that the Thai market is in short supply due to the failure of the device, and the market supply in other parts of Southeast Asia is also insufficient. Therefore, some businesses want to move American cargo eastward, but the decline in market prices in Asia makes it difficult for American cargo to move eastward. At present, the price of U.S. cargo at the end of October/the first half of November is USD/ton (CFR Southeast Asia). In other news, it is said that last week, a batch of 4000 tons of cargo loaded in the second half of October was sold at the price of US $510/ton (CFR Malaysia), but this news has not been confirmed

Asian contract price:

Taiwan's third quarter import contract price: it is said that the contract negotiation price between Japanese suppliers and Taiwan importers in August and September is 445 dollars/ton (CFR), but this news has yet to be confirmed

local contract price in Taiwan: the aggregate price in August was 441 US dollars/ton (delivery price). The contract price of chemical grade in July is 408 dollars/ton (delivery price). A discount of $5/ton is offered to users with large demand. The contract price of polymerization level in July was 426 US dollars/ton (delivery price)

the import price of South Korea in the third quarter: it is said that the price is at the level of +/-420 US dollars/ton (CFR South Korea), which is mainly determined by consumers and grades. Specific details are not yet known

contract price in the third quarter in South Korea: the contract price for pipeline delivery is 423 US dollars/ton, while the contract price for shipping delivery is 428 US dollars/ton (CFR)


Northeast Asia: despite strong resistance from SBR manufacturers from Taiwan and China, the market price of butadiene continues to rise. It is said that the transaction price of butadiene in the spot market has reached US $750/ton (FOB Korea). A batch of 1500 tons of spot cargo was sold to Japanese traders at this price. It is said that another batch of cargo is also sold to Korean SBR manufacturers at a price of 730 US dollars/ton (although the classification standard is that the original GB8624 ⑵ 006 inspection is judged to be A1 and A2, corresponding to non combustible a; the original GB8624 ⑵ 006 inspection is judged to be B and C, corresponding to combustible B1; the original GB8624 ⑵ 006 inspection is judged to be D and E, corresponding to combustible B2; the original GB8624 ⑵ 006 inspection is judged to be D and E, corresponding to B3 delivery price). However, market participants believe that due to the declining market price of SBR, the price of butadiene in the short to medium term will decline significantly. At present, the difference between the futures price and the spot price has been significantly widened to USD/ton (determined by the futures pricing formula), which makes buyers unwilling to buy any spot shipments. Moreover, the market price of its downstream product ABS has begun to decline, which will no longer support the butadiene market. At present, the purchase intention price of SBR producers for spot shipments hovers at 650 US dollars/ton (CFR). Several manufacturers in China and Taiwan have reduced the operating rate, and the operating rate of some devices has been reduced to less than 60%, while some manufacturers have simply closed their factories. It is said that a batch of 2000 tons of European cargo loaded in the second half of September will soon arrive in southern China. Taiwan is expected to resume normal production this weekend after the operating rate of its fourth cracking unit was reduced to% last week. According to the butadiene buyer in Taiwan, its contract supply has not been reduced. In South Korea, a labor dispute in a refinery is still ongoing. If this dispute cannot be resolved in the short term, the October shutdown and overhaul plan of the refinery is likely to be postponed to next year. The local contract price in Taiwan in August has been determined as US dollars/ton (delivery price), and the domestic contract delivery price in South Korea in August is about US $550/ton. The contract price in the United States in August was 24 cents/barrel. The contract price in Europe in the third quarter was 455 euros/ton

Southeast Asia: Although the purchase interest in the spot market is relatively strong, no deal was reached this week. It is said that the seller's spot price is as high as 800 US dollars/ton (CFR Southeast Asia), but it is obvious that the buyer is unwilling to accept this price. According to the manufacturer, the impact of device production problems on the market has been lifted recently. Recently, a butadiene extraction unit in a region that encountered technical problems has resumed normal production, and the unit has been shut down for 10 days for maintenance

Copyright © 2011 JIN SHI