IHS Chemical Week

Polymer contracts settled lower, spot market mixed

Contract prices were uniformly lower in transatlantic polymer markets, but export prices were reported to have shown some life. Buyers, however, dismiss the gains as short-term response to bargain buying, and reiterated the broad weakness of end-use markets...

US PS General Purpose

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AROMATICS

Aromatics prices mostly up

Aromatics were firmer on both sides of the Atlantic. Spot benzene and mixed xylenes on the US Gulf Coast gained 10 cts/gal, traders report. Activity was even more brisk in northwest Europe, with benzene higher by $25/m.t., mixed xylenes up $30/m.t., and...

INTERMEDIATES

Declines spotted in intermediates

Intermediates contracts were reported to be catching up on both sides of the Atlantic over the early part of May, but not to the pleasure of sellers. Ethylene glycol was reported to be agreed for April at a decrease of 3 cts/lb, but producers immediately...

OLEFINS

Olefin prices stagnant despite plant outages

A rash of outages, planned and unplanned, has stricken European olefins plants—with Total, BP, and Versalis among those having steam crackers out of service or running at reduced rates. In a telling note on the state of the European spot market, the...

POLYMERS

Plummeting PVC prices cause weakness in several markets

Weakness in European polyolefins was overshadowed by plumetting prices for polyvinyl chloride (PVC) on both sides of the Atlantic. Spot and export prices plunged $510/m.t. in North America and $390/m.t. in Europe over the past few weeks, with pipe...

PRODUCT TOUR

Methodology

 CW prices are compiled by contact and interviews with producers, buyers,
 traders, suppliers and other market participants. Our reporters are located... [more]

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