The hottest olefin market in Asia Pacific market O

Olefin market in Asia Pacific market October 19

ethylene: due to the current downturn in the entire downstream product market, the price of ethylene monomer in Asia also showed a downward trend this week. In addition, there will be a large number of cheap foreign goods pouring into the Asian market in the European market, which is also one of the reasons for the current decline in ethylene monomer prices in the Asian market. It is reported that the production units of vinyl chloride monomer in Japan and South Korea have been closed, and the price of downstream linear low-density polyethylene has been reduced by $15/ton to $540/ton this week compared with last week (CFR China/Hong Kong/Southeast Asia), which is also one of the reasons for the decline in ethylene monomer prices in Asia. At present, the price concept of buyers and sellers of 3000 ~ 4000 tons of goods delivered in mid November in the market is about 380 dollars/ton (CFR Taiwan), while at the beginning, the quotation level of suppliers is 380 dollars/ton (CFR Taiwan), and the purchase price of buyers is 360 dollars/ton (CFR Taiwan). Generally speaking, there is still a certain demand for December goods on the market. An Indonesian buyer said that they need to buy 3000 tons of goods delivered at the end of November, while a Taiwan buyer said that they are interested in buying 6000 tons of goods delivered in December, while another Taiwan buyer said that they are interested in buying 3000 tons of goods delivered in the second half of November/the first half of December at the price of US $360/ton (CFR Taiwan). According to another report, South Korea's Hunan Petrochemical decided to start its 700000 ton/year unit from October 26 to 27, when Hunan Petrochemical can become a new ethylene supplier

propylene: due to the current oversupply in the market and the depression of the downstream polypropylene market, the price of propylene monomer in the Asian market this week showed a downward trend. Some Chinese buyers said that they had completed the purchase of November goods, so Korean and Japanese manufacturers have felt that the demand for propylene is obviously insufficient. It is also reported that at present, Hunan Petrochemical Company of South Korea has decided to resume its annual output of 370000 tons from October 26 to 27. At present, the quotation level of manufacturers in the first country of South Korea for November goods is $410/ton (CFR China), but the counter-offer level of Chinese buyers is $390 ~ 400/ton (CFR China). At present, it has been reported in the Chinese market that the transaction price of a batch of goods delivered in November is 405 US dollars/ton (CFR China). At present, the supply and demand in the Taiwan market is relatively stable. A buyer in the market quoted us $405 ~ 4410/ton (CFR China) for a batch of goods arriving in November, but was rejected by the buyer. In the Southeast Asian market, the quotation level of suppliers for the two batches of 1500 tons and 3200 tons of goods delivered at the end of October is $390 ~ 400/ton (CFR Southeast Asian port). An intermediary quotes $410/ton (CFR Philippines) for the batch of goods delivered in November, but the buyer's purchase price concept is $390 ~ 400/ton (CFR Philippines)

butadiene: this week, affected by the lower quotation of suppliers and the sluggish demand of buyers, the price of butadiene in the Asian market fell by another $5/ton compared with last week. Due to the impact of the global economic downturn, some synthetic rubber manufacturers have felt that there are problems in the consumption of finished products. It is reported that Taiwan's artificial rubber company, a major buyer in North Asia, has reduced its plastic granulator operation to a wide range of areas of the national economy, and the operating rate of styrene butadiene rubber from the current 80% to the current 70%. This has further affected the consumption of butadiene in the Asian market. In general, at present, in the Asian butadiene market, a Taiwanese buyer said that they bought 1500 tons of goods delivered in the first half of November at the price of US dollars/ton (CFR Taiwan) for 345 Jinan spring testing machine. At the beginning of this week, an intermediary also sold 2000 tons of goods delivered in the first half of November at the price of US dollars/ton (CFR Taiwan). It is also reported that at the end of this week, an intermediary offered us $350/ton (CFR Taiwan) for 1000 ~ 2000 tons of goods delivered in the second half of November. In the Southeast Asian market, the current quotation level of suppliers in this region is 370 US dollars/nut), inclined plane, eccentric wheel, lever and other tons (CFR Southeast Asia), but buyers are basically not interested in buying and take a wait-and-see attitude