Asian Weekly Scan 16sep2008

Asian Weekly Scan
Weekly Scan # 200230 CRUDE OIL

Crude prices nosedive due to crisis in the US financial markets Sep 16, 2008 Crude prices crashed on Monday on account of the huge fall in the US financial markets accelerated by the collapse of Wall Street Investment Bank Lehman Brothers and other negative developments which have raised fears about the stability of the US economy. The developments have been reported to be the worst crisis to have hit the US economy since the Great Depression of the 1930s. While in conversation with an energy trader, a polymerupdate team member was informed, "crude turned sharply bearish on Monday as a cloud of doubt rose over the health of the US economy with US based investment bank Lehman Brothers filing for bankruptcy after their failure to find a buyer. The bank broke down due to the slump in the US housing market and the sub prime home loan crisis. Another negative development which raised further concerns about the stable outlook of the US economy was the announcement by the Bank of America that it was purchasing Merrill Lynch for USD 50 billion in stock. Meanwhile the insurance sector was also seen affected by the slump with US insurance company American Insurance Group (AIG) reported to be the next in the line to crack down under the pressure of the meltdown. Battered with mortgage backed derivatives and under the impending fear of a downgrade in ratings, the insurance company has approached the US Federal Reserve for USD 40 billion in bridge financing. The US Federal Reserve has been stated to have agreed to pump in USD 70 billion into the financial markets for avoiding further damage in the wake of the collapse of investment bank Lehman Brothers. The effort of the Federal Reserve was joined in by the European Central Bank and the Bank of England which have injected several billions of dollars in the financial markets for ensuring sufficient liquidity." The trader said, "the developments in the US financial market does not augur well for the demand fundamentals in the crude market as the US is the largest energy consumer in the world. Any effect on the financial health of the country is bound to result in a downward effect on demand for crude and a consequent pressure on prices." Nymex Crude futures fell sharply to last trade at USD 95.71/barrel. Dated Brent Spot prices decreased to trade at USD 89.82/barrel. WTI Cushing Spot prices turned downwards to trade at USD 95.71/barrel. Page 1
September 16, 2008
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Crude Oil - Nymex Price Trend for Feb 08 to Sep 08 Crude Oil Prices Crude Oil 08/09 Nymex Crude Dated Brent WTI Cushing 106.34 101.46 106.34 USD/Barrel 15/09 95.71 89.82 95.71 Trend
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NAPHTHA
Forward naphtha downadjusts in Asia - Sep 15, 2008 Asian open spec naphtha bid prices on Friday for the 1st half of October were assessed at the USD 897/mt CFR Far East levels while the ask rate was at the USD 899/mt CFR Far East mark. For the 2nd half of October bid prices were at the USD 903.50/mt CFR Far East levels while the ask rate was assessed at the USD 905.50/mt CFR Far East mark. For the 1st half of November, bid prices were assessed at the USD 908/mt CFR Far East levels while the ask rate was assessed at the USD 910/mt CFR Far East levels. A short while ago a polymerupdate team member asked a naphtha trader where the forward naphtha prices were directed this morning following a mixed trend in crude prices over the weekend. The trader said, "at about 09:51 a.m. Singapore time today the forward naphtha market price indications for the 1st half of October were down at the USD 885.58/mt levels while for the 2nd half of October the forward naphtha market price indications were at the USD 890.58/mt levels. For the 1st half of November the forward naphtha market price indications were at the USD 894.58/mt levels."
Naphtha Price Trend for Feb 08 to Sep 08
Naphtha Prices Naphtha Period 08/09 CFR FAR EAST 2H Oct 928.00 931.00 USD/Mt 16/09 837.50 840.50 Trend
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POLYETHYLENE
Asian ethylene prices nosedive - Sep 15, 2008 Ethylene prices in Asia ended sharly lower last week with prices on Friday seen plunging further lower. Soft upstream energy values coupled with weak naphtha rates, dragged spot ethylene prices down with FOB Korea prices assessed on Friday at the USD 1150/mt to USD 1160/mt levels. Downstream, prices of PE were seen sliding. Buying interest across the Asian region continued to remain sluggish, weighing down bearishily on ethylene feedstock values. Despite the sharp tumble in ethylene prices, buying interest failed to lift ahead of the weekend start. A trader a polymerupdate team member spoke with said, ethylene sellers have offered ethylene at the USD 1250/mt CFR Asia levels. Buyers have brushed off these offers as too high. Bids were heard down on Friday at the USD 1190/mt CFR levels. This morning, buyer targets are heard at between USD 1180/mt to USD 1190/mt CFR levels. Regional inventories of ethylene are very high and demand is low. On an FOB Korea basis, bids today are down at the USD 1130/mt to USD 1140/mt levels. When asked if recent cracker run cuts would help reduce inventory pressures on producers, the trader said, logically it is the most prudent way forward, however since demand currently is so pathetic, even reduced operations are unable to ease the inventory pressures being felt by producers. There is just no telling when this madness will end.
PE prices in China drift lower - Sep 16, 2008 The market offers for PE were on the decline in the Qilu Chemical City in Shandong province. PE TN25, 7042 and 6098 quoted at RMB 12900/mt, RMB 12500/mt and RMB 13400/mt respectively. With the autumn harvest season and the Mid-Autumn Festival coming simultaneously, some of the local PE plants were on holiday. Most participants were of the opinion that with global energy prices tumbling, with naphtha prices on the decline and with ethylene under pressure, local PE rates were likely to go down continuously in the near term. In the PE markets of Linyi City in Shandong province, the offers for LLDPE were issued at around RMB 12150/mt (tax not included). HDPE lowmelting injection grade and high-melting injection grade were quoted at RMB 12100/mt and RMB 11800/mt respectively. Actual transactions were limited. Tianjin United Chemical Corporation (TUC) lowered the run rates at its LLDPE plant. The company according to Chemasia plans to carry out major overhauling work at its LLDPE plant on Sept 28th this year. The work is expected to last about 4 weeks.
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HD injection and HD blow prices drop lower in Asia - Sep 12, 2008 With demand for HDPE injection moulding and blow moulding at a standstill in Asia, seller difficulties were seen mounting this week. In order to keep inventories from building, HDPE sellers willingly dropped their offer prices of injection and blow moulding grades by USD 50/mt. CFR Far East Asia and CFR South East Asian prices of injection and blowmoulding grades were assessed down at the USD 1550/mt levels this week. HD Film prices were seen mostly stable. A trader a polymerupdate team member spoke with said, the mood is extremely bearish in Asian HDPE markets. Given the steep tumble in global energy rates coupled with falling ethylene feedstock prices, buyers are not wrong in staying away from purchases. Producer margins have improved with upstream product costs down adjusting. Buyers believe that producers should therefore reduce their offers to keep pace with the current market trends." He added, " many sellers are however reluctant to match up to buyer bids, brushing them off as irrational. These sellers insist that the still to start 890 kt/annum HD/LLD swing plant of Sabic at Al Jubail has tightened supplies from the Middle East while recent pro active steps taken by Asian producers to cut their plant run rates will also help control excess availability. These sellers believe that going forward, depleted inventories of HD with actual users coupled with tight regional supplies will help prices test bottom sooner than expected. We of course do not agree. We believe that HD prices still has further to journey south before testing bottom.
Despite tight avails, LLDPE prices drop in Asia - Sep 12, 2008 Asian prices of LLDPE drifted down this week, slipping on account of weaker global crude values coupled with softer ethylene feedstock rates. CFR Far East Asia prices were assessed down at the USD 1690/mt levels while CFR South Asia prices of LLDPE were assessed at the USD 1700/mt levels. The price decline would have been steeper had it not been for the tightness in product availability in the region. Supplies were particularly constrained from the Middle East where power troubles and technical problems late July at Sabics 890 kt/annum HD/ LLD swing plant at Al Jubail halted production. The unit is gradually limping back to normal, but is yet to achieve 100% rates. In contrast to offers from Asia, Middle East offers for LLDPE are firm at the USD 1750/mt CFR levels. Demand at these levels is non existent. Even at the reduced rates of USD 1700/mt CFR, buying interest is dull due to the general bearish mood in the region accompanied by sinking prices of global energy, Asian naphtha and feedstock ethylene. LDPE quotes flat in Asia - Sep 12, 2008 Page 5

LDPE prices in Asia quoted flat this week with CFR Asia prices of general purpose grades assessed at USD 1780/mt CFR and USD 1790/mt levels. Despite sinking prices of global crude, falling naphtha, sliding prices of ethylene feedstock and weaker HDPE and LLDPE rates, LDPE prices held steady, mainly on account of producer determination to defend their offers stable. An individual working for an LDPE maker in South East Asia said to a polymerupdate team member while requesting anonymity, we have already sharply reduced our offer prices in LDPE in recent weeks and do not think it practical to further lower our offers. LDPE avails are tight in Asia and there are no inventory pressures on us currently. We do not plan to lower our rates any further and do believe that low stocks with actual users will bring them back to the markets to purchase. Our current offers are at the USD 1800/mt to USD 1820/mt CFR levels. Buyer bids are at the USD 1750/mt CFR levels. In plant news, Hanwha Chemical of South Korea will down its PE complex located at Yeosu nex month. The plant has a 285 kt/annum LDPE plant and a 355 kt/annum LLDPE unit. Irans Arya Sasol Polymer Company plans to start up its new 300 kt/annum LDPE unit located at Assaluyeh within September.
Domestic HDPE Price Trend Aug 07 to Sep 08
Ethylene Price Trend Feb 08 to Sep 08
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HDPE Raffia Price Trend Feb 08 to Sep 08 HDPE BM Price Trend Feb 08 to Sep 08
LDPE GP Price Trend Feb 08 to Sep 08
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09/09 Prices for HDPE - (CFR INDIA BASIS) Grade 09/09 Raffia Film Injection Moulding Blow Moulding Pipe 1670 1700 1670 1680 1700 S Korea 16/09 1670 1700 1670 1680 1700 Trend 09/09 1690 1650 1660 Feedstock : Ethylene Singapore 16/09 1690 1650 1660 Trend 09/09 1650 1690 1650 1660 $ 1250 Thailand 16/09 1650 1690 1650 1660 Trend 09/09 1670 1690 1670 1680 16/09 $ 1185 Japan 16/09 1670 1690 1670 1680 Trend 09/09 1700 1680 S Arabia 16/09 1700 1680 Trend Trend
Prices for LLDPE - (CFR INDIA BASIS) Grade 09/09 Film Roto Moulding Injection Moulding 1730 1800 1720 S Korea 16/09 1710 1780 1710 Trend 09/09 1720 1710 Singapore 16/09 1700 1700 Trend 09/09 1720 1710 Thailand 16/09 1700 1700 Trend 09/09 1730 1800 1720 Japan 16/09 1710 1780 1710 Trend 09/09 1740 1730 S Arabia 16/09 1720 1720 Trend
Prices for LDPE - (CFR INDIA BASIS)
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Grade 09/09 General Purpose Heavy Duty Milk Pouch Injection Moulding Lamination 1850 1850 1850 1830 S Korea 16/09 1830 1830 1830 1810 Trend 09/09 1820 1820 1820 1800 Singapore 16/09 1800 1800 1800 1790 Trend 09/09 1820 1820 1820 1800 Thailand 16/09 1800 1800 1800 1790 Trend 09/09 1850 1850 1850 Japan 16/09 1830 1830 1830 Trend 09/09 1850 1850 1850 1840 Qatar 16/09 1850 1850 1850 1840 Trend
POLYPROPYLENE
Propylene prices in Asia crash - Sep 15, 2008 Propylene prices crashed in Asia last week. On Friday, prices nosedived as panic stricken sellers slashed their offers in a desperate attempt to liquidate positions. On the week, prices of propylene fell by levels ranging between USD 250/mt to USD 300/mt. Fast building inventories, extremely weak demand on account of run cuts at downstream PP, ACN and acrylic acid faciltities, proved bearish for propylene as prices on an FOB Korea basis plunged to the USD 1200/mt levels. While speaking with a regional seller of propylene this morning, a polymerupdate team member was told, global economies have slowed. Export orders from Europe and the US have been hit and this is directly impacting demand for raw materials like PP. Prices of PP last week plummeted with injection and raffia grade prices in North East Asia assessed down at the USD 1510/mt CFR levels. In light of this steep price plunge, offers for propylene have been reduced to the USD 1250/mt CFR levels for October. What is worrying us immensely is that despite the sharp price cut in propylene, we have failed to conclude deals, convincing us that the worst is far from over. He added, several PP producers are responding to the weak demand situation in the region by cutting output. Taiwan Polypropylene Co has reduced rates at its PP plant in Kaohsiung to 90% rates. South Koreas Polymirae is looking to reduce output to 75% rates in October. Formosa Polypropylene Co has slashed rates at its PP unit in Ningbo to 70%. Propylene feedstock demand as a result is steadily falling and we have no coice but to drop our offer rates.
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Outlook for PP worsens in Asia - Sep 15, 2008 While speaking with a PP trader in Japan this afternoon, a polymerupdate team member was told, " the markets in Asia remain very quiet today. With Japan, China and South Korea on holiday today, buying activity in the polymer markets which is already quiet has further turned silent, resulting in virtually no trade of significance to our knowledge. What we do know is that following Friday's tumble in propylene prices, buyers have further withdrawn to the sidelines. There is loose talk in the markets of prices of PP homopolymer drifting down to the USD 1400/mt CFR Asia levels within September. Both processors and traders alike are afraid to commit to a buy as they are convinced that prices will keep on journeying south in the near term." He added, " later this month, China will go on holiday for the National Day break. This threatens to keep the regional buying momentum weak. Producers are well aware about this but are able to remain flexible with their pricing strategies for PP, given the steep drop in spot propylene feedstock prices. CFR Taiwan prices of propylene are pegged at below the USD 1240/mt levels. CFR South East Asian prices have slipped to below the USD 1270/mt levels. These price tumbles are bound to drag PP rates down further." The trader said, " indeed PP producers are cutting down on their runs in the hope of preventing a further inventory build up in Asia. The truth is though that PP avails in the region remain ample. Alternate destinations for PP producers to sell too, which were once lucrative options like Latin America, are also beginning to see depressed buying sentiments. PP markets are seen correcting in Europe too." PP prices dragged lower in China as buying activity continues to remain very sluggish - Sep 12, 2008 Yet another tumble in global crude prices on Thursday, depressed buying sentiments across China's PP markets further at the start of the day today. PP yarn grade T30S in Guangzhou City in Guangdong province of southern China was on offer at RMB 12400-12500/mt. At these levels, transactions were thin. Sentiments were painfully sluggish quiet in the PP markets of Shantou City in Guangdong province yesterday. Traders faced difficulties in liquidation of their stocks. PP yarn grade T30S manufactured by Hainan Refinery Corporation was priced at RMB 12400/mt. On the back of the overnight plunge in crude, market players today expected these rates to further fall. Markets rumored that Sinopecs Guangzhou sales office cut the settlement prices for PP yarn grade and PP copolymer grade by RMB 300/mt. The PP market of Chengdu City meanwhile saw thin activity with prices on the decline. Transactions were very sluggish. The market prices for PP T30S and EPS30R from PetroChina according to source were pegged at RMB 12400-12500/mt and RMB 13800-13850/mt respectively.
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Propylene Price Trend Feb 08 to Sep 08 Domestic Polypropylene Price Trend Mar 07 to Sep 08
PP Raffia Price Trend Feb 08 to Sep 08
PPCP (IMPACT/BLOCK) Price Trend Feb 08 to Sep 08
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PP INJ Price Trend Feb 08 to Sep 08
09/09 Prices for PP - (CFR INDIA BASIS) Grade 09/09 Raffia Injection Moulding TQ Film Block Copolymer Random Copolymer BOPP 1710 1710 1730 1720 1830 1710 S Korea 16/09 1580 1580 1600 1600 1700 1590 Trend 09/09 1700 1700 1720 1710 1800 1700 Feedstock : Propylene Singapore 16/09 1560 1560 1580 1580 1680 1570 Trend 09/09 1700 1700 1720 1710 1800 1700 $ 1550 Thailand 16/09 1560 1560 1580 1590 1680 1570 Trend 09/09 1710 1710 1730 1720 1830 1710
16/09 $ 1250 Japan 16/09 1580 1580 1600 1600 1700 1590 Trend 09/09 1710 1710 1720 -
Trend
S Arabia 16/09 1600 1600 1610 Trend
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POLYVINYL CHLORIDE
EDC and VCM prices hammered down in Asia - Sep 12, 2008 Prices of EDC fell in Asia this week, sliding on account of ample supplies coupled with falling upstream crude, naphtha and ethylene values. A sharp plunge in downstream VCM and PVC prices also supported the drag down in spot EDC numbers. On Friday morning, CFR Far East Asia prices of EDC were assessed down at the USD 450/mt levels. Bids were few to be found. Those that were heard in the markets were at below the USD 430/mt CFR levels. Meanwhile, prices of VCM were assessed sharply down in Asia. Weaker upstream EDC numbers coupled with falling downstream PVC prices dragged prices of VCM in Asia lower by more than USD 35/mt from last weeks assessed levels. CFR Far East Asia and CFR South East Asia prices of VCM were assessed lower at the USD 820/mt levels on Friday morning.
PVC prices slip in China as demand continues to dwindle - Sep 16, 2008 Sentiments in trade were sluggish in the PVC markets of Jieyang City in Guangdong province of southern China. Prices of PVC #5 resin were quoting down at RMB 7000-7050/mt (on a delivered basis). The deals for some high-end resources were done in small volumes at around RMB 7100/mt (on a delivered basis). Transactions at higher prices were difficult to conclude. Transactions were also difficult to conclude in the PVC market of Fuzhou City in Fujian province. The dealing prices for PVC #5 resin were at RMB 7100/mt (on a delivered basis). Some dealing prices were heard at even lower levels. The offers for high-end resources were in the range of RMB 7150-7200/mt (on a delivered basis). On the industry side, Sichuan Jinlu Group Corporation maintained the operation rates at its PVC plant at approximately 70% capacity. Its offers for PVC #5 resin sold inside Sichuan province were at around RMB 7500/mt (on a delivered basis). A source reported that Leshan Yongxiang Chemical Co., Ltd. lowered its PVC offers. Its offers for PVC #5 resin sold inside Sichuan province were at around RMB 7500/mt (on a delivered basis). For larger clients, minor discounts were available.
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PVC prices journey south in Asia - Sep 12, 2008 Asian PVC prices journeyed south this week. The absence of buyers accompanied by falling prices of upstream EDC and VCM, pulled lower regional spot prices of PVC. CFR China and CFR South East Asia prices of PVC were assessed down at the USD 1100/mt levels. A trader in conversation with a polymerupdate team member said, sliding upstream product costs allow PVC producers to reduce their offers. Despite sharp reductions of between USD 30/mt to USD 40/mt in PVC rates this week, buying interest has failed to show any signs of a recovery. Cues from China remain very negative with most buyers not expected back until after the National Day holidays next month. PVC buying in other key markets like India, also remain painfully sluggish. He added, buyer bids are few to be heard in the markets. Those that are heard are at below the USD 1050/mt CFR China levels. A slowdown in the construction sector in Asian markets like China will further impact PVC demand going forward. Producers of PVC are battling this difficult market situation by slashing their run rates. Current avails of PVC however continue to remain ample.
EDC Price Trend Feb 08 to Sep 08
VCM Price Trend Feb 08 to Sep 08
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PVC Price Trend (CFR INDIA) Feb 08 to Sep 08 Domestic PVC Price Trend Aug 07 to Sep 08
Feedstock Prices for PVC - (CFR INDIA BASIS) EDC VCM Grade 09/09 Suspension Emulsion 1170 1200 S Korea 16/09 1130 1160 Trend 09/09 1150 Thailand 16/09 1130 Trend
09/09 $ 470 $ 870 Japan 09/09 1150 16/09 1140 -
16/09 $ 460 $ 830
Trend
S Arabia Trend 09/09 1160 1190 16/09 1130 1160 Trend
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POLYSTYRENE
SM prices down USD 20/mt - Sep 11, 2008 Softer crude prices coupled with falling naphtha, proved to be a drag on downstream SM prices in Asia on Wednesday. Spot prices of SM tumbled USD 20/mt, pulling FOB Korea rates down to levels below the USD 1430/mt mark. Despite the steep decline, buyers shied away from committing to purchases. Most were even reluctant to indicate bids given the sluggish trends which had gripped downstream PS, EPS, ABS and SAN markets. While speaking with an individual working for an SM maker, a polymerupdate team member was told on conditions of anonymity, we are able to reduce our rates given the falling prices of crude, naphtha, ethylene and benzene. Our offers are down at the USD 1435/mt FOB Korea mark, a price at which we have failed to attract any buying interest. At a morning meeting, there was talk from our management of getting more aggressive with our offers. We are considering reducing our October loading offer rates down to the USD 1420/mt FOB Korea mark. We should come out with a price within today.
China's PS markets remain in the firm grip of bears - Sep 12, 2008 Falling prices of PS across the Asian markets coupled with declining prices of SM feedstock together dragged lower prices of PS in China's domestic markets on Thursday. Impacted by weak demand, HIPS prices in eastern China were assessed down at RMB 13300-13500/mt yesterday, the low end and high end RMB 150/mt and RMB 100/mt down from the levels seen in the corresponding period of last week. In the domestic PS markets of Yuyao City in Zhejiang province of eastern China, prices turned bearish as buyers were impossible to find. Offers for GPPS 666D from Sinopec Beijing Yanhua Petrochemical Co., Ltd., GPPS 5250 from the Ningbo subsidiary of Taiwans Formosa Chemicals & Fibre Corporation (FCFC) and HIPS 514 from Shanghai Secco Petrochemical Co., Ltd. were on offer at RMB 12200-12300/mt, RMB 12300/mt and RMB 13300/mt respectively. Sales failed to lift despite the lower price offers. A source reported that grade GPPS 666D from Sinopec Beijing Yanhua Petrochemical Co., Ltd. was on offer at RMB 12000/mt.
GPPS and HIPS prices in Asia fall - Sep 11, 2008 Page 16

Asian prices of PS declined this week, falling on the back of tumbling prices of crude, naphtha, ethylene, benzene and SM feedstock rates. Supporting the drop in PS prices was the extremely sluggish buying sentiments which gripped the Asian region. GPPS rates dropped about USD 20/mt with offers to China down at USD 1570/mt CFR levels. Despite the price fall, buyers in China kept away from purchases. The muted trend was expected to continue through September with no hope of a lift in the purchase momentum until after the National Day holidays next month. HIPS prices also fell. Offers to China declined to levels below the USD 1700/mt CFR mark. Buying interest even at the reduced price levels failed to improve. A trader a polymerupdate team member spoke with said, we are seeing a global economic including both in the US and European markets. With most major economies battling recessionary trends, demand for PS in Asia is unlikely to show any signs of an early recovery. Falling energy and SM feedstock rates are clearly not in any way offering any support to the bearish pricing trends in PS. Going forward we therefore believe that we will see a further dip in PS rates in Asia.
Styrene Monomer Price Trend Feb 08 to Sep 08
Domestic GPPS/HIPS Price Trend Aug 07 to Sep 08
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GPPS Price Trend (CFR INDIA) Feb 08 to Sep 08
09/09 Feedstock : Styrene monomer Prices for PS - (CFR INDIA BASIS) Grade 09/09 GPPS HIPS EPS 1670 1760 1750 S Korea 16/09 1630 1730 1730 Trend 09/09 1660 1750 Thailand 16/09 1600 1720 Trend 09/09 1680 1770 1490
16/09 1420 Japan 16/09 1630 1730 -
Trend
Trend
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Prices for SAN - (CFR INDIA BASIS) Grade 09/09 SAN 2050 S Korea 16/09 2030 Trend 09/09 Thailand 16/09 Trend 09/09 2060 Japan 16/09 2030 Trend
Prices for ABS - (CFR INDIA BASIS) Grade 09/09 ABS 2090 S Korea 16/09 2070 Trend 09/09 2080 Thailand 16/09 2060 Trend 09/09 2070 Japan 16/09 2060 Trend
China News
ABS prices down adjust in China Sep 9, 2008 Buying interest has been steadily cooling down in the domestic ABS markets China. ABS prices were assessed at RMB 15900-16500/mt in the markets of eastern China today, RMB 50/mt down from levels seen a week ago. The market prices for ABS in southern China were assessed at RMB 15850-16400/mt, the low end and the high end RMB 100/mt and RMB 150/mt down from levels seen a week ago. A source noted that some ABS traders indicated that there were signs of buying activity among a few actual users. However this was brushed off as being need based and was unlikely to immediately pull higher local ABS prices given the sharp declines in global crude rates and the weak trends in upstream SM values. Page 19
PRICES
Aromatics/Olefins/Polyolefins Update - (CFR INDIA BASIS)
Aromatics Update 09/09 AROMATICS BENZENE FOB KOREA AROMATICS BENZENE CFR JAPAN AROMATICS BENZENE CFR INDIA 1120 1130 1120 Price US $ 16/09 1050 1065 1070 Trend
AROMATICS TOLUENE FOB KOREA AROMATICS TOLUENE CFR JAPAN AROMATICS TOLUENE CFR SOUTH EAST ASIA
1025 1020 1015
950 960 955
AROMATICS STYRENE FOB KOREA AROMATICS STYRENE CFR JAPAN AROMATICS STYRENE CFR INDIA
1450 1460 1490
1365 1385 1420
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METHANOL CFR INDIA METHANOL CFR CHINA 345 420 345 405
XYLENES ORTHO (OX) FOB KOREA XYLENES ORTHO (OX) CFR SOUTH EAST ASIA
1180 1200
1090 1115
XYLENES PARA (PX) FOB KOREA XYLENES PARA (PX) CFR SOUTH EAST ASIA
1200 1220
1125 1140
SOLVENT MIXED XYLENE FOB KOREA SOLVENT MIXED XYLENE CFR SEA
1000 1030
930 940
ISOMER MIXED XYLENE FOB KOREA ISOMER MIXED XYLENE CFR SEA
1030 1045
950 965
Olefins Update OLEFINS ETHYLENE FOB KOREA 1240
Price US$ 1160
Trend
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OLEFINS ETHYLENE FOB JAPAN ETHYLENE CFR SOUTH EAST ASIA 1240 1280 1160 1200
OLEFINS PROPYLENE FOB KOREA OLEFINS PROPYLENE FOB JAPAN PROPYLENE CFR SOUTH EAST ASIA
1440 1440 1550
1200 1190 1240
OLEFINS BUTADIENE FOB KOREA OLEFINS BUTADIENE FOB JAPAN
3005 3095
3195 3095
Polyolefins Update POLYETHYLENE HDPE INJECTION CFR FAR EAST POLYETHYLENE HDPE INJECTION CFR SOUTH EAST ASIA 1600 1600
Price US$ 1550 1550
Trend
POLYETHYLENE LDPE GP-FILM CFR FAR EAST POLYETHYLENE LDPE GP-FILM CFR SOUTH EAST ASIA
1780 1780
1760 1770
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POLYETHYLENE LLDPE FILM CFR FAR EAST POLYETHYLENE LLDPE FILM CFR SOUTH EAST ASIA 1700 1700 1640 1670
POLYSTYRENE HIPS CFR FAR EAST POLYSTYRENE HIPS CFR SOUTH EAST ASIA
1730 1740
1700 1710
POLYSTYRENE GPPS CFR FAR EAST POLYSTYRENE GPPS CFR SOUTH EAST ASIA
1600 1610
1570 1580
POLYPROPYLENE INJECTION CFR FAR EAST POLYPROPYLENE INJECTION CFR SOUTH EAST ASIA
1580 1590
1515 1525
POLYPROPYLENE FILM CFR FAR EAST POLYPROPYLENE FILM CFR SOUTH EAST ASIA
1600 1600
1550 1560
POLYPROPYLENE BLOCK COPOLYMER CFR SOUTH ASIA POLYPROPYLENE BLOCK COPOLYMER CFR FAR EAST ASIA
1590 1590
1550 1560
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PVC SUSPENSION CFR FAR EAST PVC SUSPENSION CFR SOUTH EAST ASIA
1155 1165
1100 1110
Copyright 2008. polymerupdate.com
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Asian Weekly Scan 16sep2008

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Asian Weekly Scan 16sep2008

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Asian Weekly Scan

Weekly Scan # 200230 CRUDE OIL

September 16, 2008

Naphtha Price Trend for Feb 08 to Sep 08

Ethylene Price Trend Feb 08 to Sep 08

LDPE GP Price Trend Feb 08 to Sep 08

Prices for LDPE - (CFR INDIA BASIS)

PP Raffia Price Trend Feb 08 to Sep 08

PPCP (IMPACT/BLOCK) Price Trend Feb 08 to Sep 08

S Arabia 16/09 1600 1600 1610 Trend

VCM Price Trend Feb 08 to Sep 08

09/09 $ 470 $ 870 Japan 09/09 1150 16/09 1140 -

16/09 $ 460 $ 830

S Arabia Trend 09/09 1160 1190 16/09 1130 1160 Trend

Styrene Monomer Price Trend Feb 08 to Sep 08

Domestic GPPS/HIPS Price Trend Aug 07 to Sep 08

16/09 1420 Japan 16/09 1630 1730 -

1025 1020 1015

950 960 955

1450 1460 1490

1365 1385 1420

Olefins Update OLEFINS ETHYLENE FOB KOREA 1240

Price US$ 1160

1440 1440 1550

1200 1190 1240

OLEFINS BUTADIENE FOB KOREA OLEFINS BUTADIENE FOB JAPAN

Price US$ 1550 1550

Copyright 2008. polymerupdate.com

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