Tag: petchem

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

Read More »

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

Read More »

LPG Markets are Back in Favor

July finished with additional signs that the LPG markets are coming back into favor, with overall offtake increasing 14% from June. Higher discharges took place in parts of Asia, where Japanese and South Korean imports each grew 24%, to 324,000

Read More »

US-China Energy Flows Belie Combative Rhetoric

Tension between the United States and China has ratcheted up in recent weeks amid increasingly hostile rhetoric. The global spread of the coronavirus has further hurt relations between Beijing and Washington, stoking the possibility of a new trade war amid

Read More »