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polymerupdate
17 Aug 2018

Asian SM prices down adjust on Thursday

Spot SM prices in Asia on Thursday slipped. A steep drop in upstream crude rates on Wednesday and persistent fall in benzene feedstock values, together pulled SM prices lower across the Asian region. FOB Korea prices of SM were assessed down at the........
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Crude In sight

1. Crudefutures were trading a few cents in the red early Friday in Asia, unable tohold on to the modest gains made at Thursday’s close after three straight daysof losses prompted by growing demand worries from escalating trade andpolitical conflicts between the US and various countries, the latest beingTurkey.

 

2. US WhiteHouse economic advisor Larry Kudlow confirmed Thursday that US and Chineseofficials are due to meet later this month to resume negotiations over trade.He added, though, that the Chinese government should not “underestimatePresident Trump’s toughness and willingness to continue this battle…”

 

3. Stockmarkets across Asia had opened mostly in the green Friday, but China’s Shanghaiand Shenzhen indexes were in the red. While sentiment in the financial marketsis set to remain volatile and stocks may show quick rebounds on positiveheadlines on the international trade front, oil’s bearishness is rooted in alonger-horizon perspective on consumption.

Click here for a snapshot of the market

CRUDE PRICE UPDATE 16/08/2018

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Brent
71.43 USD/bbl      0.67 (0.95%)
Prev. Price 70.76 as of 15/08/2018
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Nymex RBOB Gasoline Future
198.74 USD/gal      -1.00 (-0.50%)
Prev. Price 199.74 as of 15/08/2018
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WTI Cushing
65.46 USD/bbl      0.45 (0.69%)
Prev. Price 65.01 as of 15/08/2018

Latest News Updates

Plant News
Important News
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High Density Polyethylene (HDPE) film export prices slip in the USA17 Aug 2018 18:00 IST

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Three rating agencies upgrade LANXESS17 Aug 2018 17:55 IST

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Polystyrene (PS) prices remain stable in the USA17 Aug 2018 17:50 IST

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Intraday Trade : Crude Oil17 Aug 2018 17:45 IST

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Linear low density polyethylene (LLDPE) export prices slide in the USA17 Aug 2018 17:45 IST

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ABS export prices inch lower in the USA17 Aug 2018 17:40 IST

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LDPE export prices drift lower in the USA17 Aug 2018 17:30 IST

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Polypropylene (PP) export prices tumble in the USA17 Aug 2018 17:20 IST

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Polyvinylchloride (PVC) export prices assessed steady in the USA17 Aug 2018 17:15 IST

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MEG prices quote stable in Europe17 Aug 2018 17:05 IST

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Polyethylene terephthalate (PET) spot and contract prices gain in Europe17 Aug 2018 17:00 IST

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Acrylonitrile butadiene styrene (ABS) contract prices edge higher in Europe17 Aug 2018 16:45 IST

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Ethylene prices inch higher in Europe17 Aug 2018 16:40 IST

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Polystyrene (PS) prices climb in Europe17 Aug 2018 16:30 IST

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SM prices climb in Europe17 Aug 2018 16:25 IST

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Polypropylene (PP) prices remain steady in Europe17 Aug 2018 16:15 IST

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Butadiene prices rise in Europe17 Aug 2018 16:10 IST

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Spot high density polyethylene (HDPE) prices assessed stable in Europe17 Aug 2018 16:00 IST

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Propylene prices edge higher in Europe17 Aug 2018 15:50 IST

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Linear low density polyethylene (LLDPE) prices remain flat in Europe17 Aug 2018 15:45 IST

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Mumbai Traded Chemical Prices (Drum) As On 17th August 201817 Aug 2018 15:40 IST

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Mumbai Traded Chemical Prices (Bulk) As On 17th August 201817 Aug 2018 15:35 IST

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Low density polyethylene (LDPE) prices quote steady in Europe17 Aug 2018 15:30 IST

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Polyvinyl chloride (PVC) prices remain steady in Europe17 Aug 2018 15:15 IST

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ACN prices in the US remain flat17 Aug 2018 15:00 IST

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Acrylonitrile (ACN) prices quote steady in Europe17 Aug 2018 14:45 IST

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Acrylonitrile (ACN) prices remain stable in Asia17 Aug 2018 14:30 IST

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SM prices in Europe inch lower17 Aug 2018 14:15 IST

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Chinese producer offers PET in Bangladesh17 Aug 2018 14:05 IST

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PX prices in Europe firm up17 Aug 2018 14:00 IST

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Benzene prices in Europe inch up17 Aug 2018 13:45 IST

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Ahmedabad Open Market prices of Aromatics & Intermediates As On 17th August 201817 Aug 2018 13:35 IST

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EDC prices surge while VCM prices fall in the USA17 Aug 2018 13:30 IST

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Delhi Open Market prices of Aromatics & Intermediates As On 17th August 201817 Aug 2018 13:25 IST

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Kolkata Open Market prices of Aromatics & Intermediates as on 17th August 201817 Aug 2018 13:20 IST

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EDC and VCM prices decline in Europe17 Aug 2018 13:15 IST

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Chennai Open Market prices of Aromatics & Intermediates As On 17th August 201817 Aug 2018 13:10 IST

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EDC and VCM prices remain stable in Asia17 Aug 2018 13:00 IST

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About Our Services

Introduction

Polymerupdate is one of the fastest growing market intelligence companies in the world. Polymerupdate is a world renowned provider of business critical industry news and real time price alerts. Some of the products tracked daily include Crude Oil, Naphtha, Aromatics, Olefins, Polyolefins and Petrochemical Intermediates for the global markets with a special focus on Asia, India, The Middle East, Europe, US, Latin America and Africa.

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