Category: Blogs

Finish Strong, Restart Strong

December’s global LPG trade maintained the market’s recent strength, with global discharges totaling 4.36 million barrels per day – a gain of 2% from November. For the full year, the late-year recovery in offtake helped to counter the weakness in

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Price Pullback Stokes Ethylene Buying

Steadily rising prices of ethylene between mid-April and mid-September caused many buyers to turn to alternative sources, but a recent pullback in the market has rekindled interest. Ethylene offtake this month is currently around 172,825 metric tons, and compares to

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TEMPORARY DOWNTURN

Most petrochemical crackers are running at relatively high operating rates amid the coronavirus pandemic, as demand for virus mitigation products requiring polyolefins remains high. In the UK, however, operations slowed recently at Navigator’s Teesside and Exxon’s Fife plants, as supplies

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MARKET HOLDS ONTO BULLISH GRAIN STORY

Winter wheat dryness has intensified, as ongoing dryness across the US High Plains has limited moisture for wheat germination and establishment. This has pushed Kansas and CBOT wheat prices higher, with the US hard red wheat carry-out expected to be

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ORIGIN BEAN CRUSH SLOWS AS CHINA GROWS

The USDA in October WASDE reduced Argentine old crop production by 700 tmt from Sep while reducing exports and crush, as Argentina loses competitiveness versus the US. Brazil crushers have also started  to feel the shortage of beans, despite previously

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Olefin Markets- Soft Patch

It has been a rocky few months in the olefin markets. Global ethylene exports reached a record high in August of 321,852 metric tons, while propylene approached its high-water mark with 291,941 Mt. September’s discharges were strong relative to historical

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