Why PP market still depressed amid intensive shutdown?
As of late August, PP market still does not have a relatively clear expectation for improvement. Although PP market has been supported by the plant ...
Source: ccfgroup.com
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PP market under supply pressure
On Jan 1, Indonesia announced a ban on coal exports from Jan 1 to Jan 31. Under the influence of the ban and the epidemic in Beilun, Ningbo, PP May futures ...
Source: ccfgroup.com
Asia naphtha, LPG rally on winter demand; propane premium widens on supply fears
Asia naphtha, LPG rally on winter demand; propane premium widens on supply fears Asia’s naphtha and LPG markets have been bullish in recent weeks, supported by strong demand but inclement global weather and shipping delays at the Panama Canal are driving up propane prices faster than naphtha, S&P Global Platts data showed. Naphtha has seen robust demand on positive olefin margins, as three North Asia naphtha-fed steam crackers, with total ethylene production capacity of 2.499 million mt, set to return online in January and February. Of these, 335,000 mt would be fresh capacity from YNCC’s...
Source: hellenicshippingnews.com