Apr 02, 2023 9:44 a.m.

Morning Briefing - 30 January 2023

CommoPlast CommoPlast Asia Sdn Bhd
Morning Briefing - 30 January 2023
Title
‚óŹ

Available in

CommoPlast

Morning Briefing

30 January 2023

 

Brent:  $86.66 (+ $0.74)

WTI: $79.68 (- $0.50)

 

Naphtha CFR Japan: $712 (+ $18)

 

Ethylene CFR NEA: $780 (+ $15)

Ethylene CFR SEA: $840 (Stable)

 

Propylene FOB Korea: $870 (+ $10)

Propylene CFR China: $900 (+ $10)

 

www.commoplast.com     

……………………………………………………………….

While key markets in Asia were away for the Lunar New Year holiday, import PP offers to Indonesia continued to climb higher. Over the past week, non-dutiable Vietnamese homo-PP rose $50/ton while Malaysian materials surge $80/ton in this market. By the week ending 27 January 2023, offers below the $1100/ton threshold have not repeated in Indonesia.

……………………………………………………………….

In the US, several petrochemical plants in Houston, Texas faced production disruptions following the latest storm on 24 January 2023. At the moment, plants have reported being affected including: 

·      Shell (crakers)

·      LyondellBasell (cracker)

·      Ineos (HDPE and PP)

·      Braskem (PP)

·      TotalEnergies (PP)

·      OxyChem (PVC)

______________________________________________________________

 

Follow us on CommoPlast Official Telegram Channel for more: https://t.me/commoplast

About CommoPlast Asia Sdn Bhd

Your Empowering Market Insight Site