PP week assessment: poor supply of small plastic market demand to maintain the d
I. Summary of upstream raw materials a week Trend of international crude oil a week
WTI crude oil closed this week interval 56.34-62.04 U.S. dollars / barrel, Brent crude closed interval 55.98-60.59 U.S. dollars / barrel. International crude oil prices this week, breaking 60 U.S. dollars temporary stability, the main factors: rising U.S. stock market, the outbreak of armed conflicts in Nigeria, FlintHills Resources LLC refinery fires, gasoline demand strong.
Crude oil futures closed higher Thursday, boosted the stock market in the late rebound in oil prices. Crude oil futures closed lower Friday as investors on weak demand and high crude oil inventory concerns about renewed.
Monday rose back up to above 59 U.S. dollars a barrel, crude oil production in Nigeria due to the outbreak of armed conflict, prospects for the market faces supply uncertainties. In addition, the United States announced the home builders index of home builders in May to improve, U.S. stocks surged by, driving crude oil futures prices. Ended higher yesterday, rising gasoline prices ran off, mainly because FlintHillsResourcesLLC refinery fire, caused oil supply concerns, pushed oil prices approaching 60 U.S. dollars a barrel. 60 U.S. dollars a barrel Wednesday as U.S. crude oil inventories fell more than expected, coupled with strong gasoline demand. Propylene market overview
Far East China, Japan, Singapore and Korea continued parking propylene unit, in May and June of the propylene yield decreased in June this week, prices have gone up 2.50-30.00 propylene cargoes U.S. dollars / ton. Propylene market weakened in July as expected from India Fidelity and petrochemical propylene into the market. So in June and July the price premium. During the past 20-40 days of assessment, FOB and CFR cargo shipments of the date of closing to May 15, but not in July cargo. 6 -7 at the end of the beginning of at least two single ocean freight will be delivered to Asia, but both the number of shipments were 8,000 tons and 6500 tons. Greatly reduced the prices of two of the cargo because of its large volume, or frozen goods. Asia's only a small number of users accepted the pressure of more than 3000 tons cargo and goods rather than frozen goods. Last week, a single large frozen ocean cargo at 760 U.S. dollars / ton CFE Indonesia transactions.
Mitsubishi Chemical closed its steam cracker at Mizushima plant for a period of 55 days for maintenance, repair deadline is July 6. Currently, Mitsubishi Chemical has two steam cracker for inspection. May 7, the Company closed the No. 1 in Japan Kashima cracker, stop time will last until June 25. The company is located in Kashima's other cracker plan will be June 28 -8 14 closed for maintenance. Exxon Mobil plans to close an annual capacity of 435,000 tons of propylene unit for a period of 8 weeks of maintenance, the device is located in Singapore. Yeocheon Naphtha Cracking Center this week closed a plant in 1-2 days, the company plans to shut down in June 1-15, another set of device maintenance. China, Shanghai Secco Petrochemical plans to close on May 20 for two of its steam cracker 70 days of the maintenance and expansion.
River, drawing / injection level Polypropylene Friday's closing price in 1090 U.S. dollars / tonne CFR China, up from last week 45 USD / ton. Mexico polypropylene May contract unit price in U.S. dollars, the price held steady from last month, reported that 599 U.S. dollars / ton FOB, but the peso as the unit price fell 9%, to 8005 pesos / tonne FOB. PP were similar to spot prices, if U.S. dollar as the unit, then in May and April prices were unchanged at 659 U.S. dollars / ton FOB, but to the peso as the unit price fell 9 percent to 8,805 pesos / tonne FOB.
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