Sok Cheng Teo
Director
at OxBridge Global Pte Ltd Singapore
Wesley Ho
Vice President
at Coremax Corporation Taiwan
Asian PE offers to Peru down $50-70/mt on week; inventories still high
- 18 May 2012
10:11:28 AM
Houston (Platts)--17May2012/449 pm EDT/2049 GMT
Polyethylene offers from Asia to Peru fell $50-70/mt this week from last, a market source said Thursday.
LDPE film offers from Korea to Peru dropped $50 to $1,580/mt CFR, while HDPE film and injection offers fell $70 to $1,500/mt CFR....
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Platts Petrochemical Analysis: Asian isomer-MX falls on poor market sentiment- 18 May 2012
10:10:54 AM-
PLATTS
Houston (Platts)--17May2012/825 am EDT/1225 GMT
Asian benzene fell $3/mt or 0.3% day on day May 17 to $1,081/mt FOB Korea, tracking lower US benzene and crude prices. Benzene activity in the Asian trading day was thin and focused on July and August cargoes.
APIC: Nexant sees opportunities for petchems M&As -- and some exits- 18 May 2012
10:10:16 AM-
PLATTS
Kuala Lumpur (Platts)--17May2012/733 am EDT/1133 GMT
The global trend lines for the petrochemical industry may be pointing toward some mergers and acquisitions between key regions and some exits from the business, a consultant from Nexant Asia told a key Asian industry gathering on Thursd....
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SEA-NEA PET spread likely to narrow on rising SEA plant runs: market sources- 18 May 2012
10:09:34 AM-
PLATTS
Tokyo (Platts)--17May2012/458 am EDT/858 GMT
The Southeast Asia-Northeast Asia polyethylene terephthalate price spread is likely to narrow in coming weeks amid rising PET plant operations in SEA, market sources said late Wednesday.
Typically, the SEA PET price is pegged higher tha....
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Mid-Eastern PE sees additional declines in May - 18 May 2012
9:24:39 AM-
CHEMORBIS
The global trend is downwards for PE as demand is lackluster across the globe partly because ethylene costs have slumped due to plummeting energy prices in major markets. Accordingly, sellers of Middle Eastern origins have surrendered to additional declines on their PE prices during May in severa....
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