subject: Pp Week Assessment: Poor Demand For Crude Oil Or Plastics Market Continues To Decline [print this page] PP Stock HC plastic mesh IPP Stock HC plastic mesh I. Summary of upstream raw materials a week Trend of international crude oil a week
WTI crude oil closed this week interval 59.52-61.54 U.S. dollars / barrel, Brent crude closed interval 60.52-63.09 U.S. dollars / barrel. International crude oil prices this week, 60 U.S. dollars adjusted main factors: demand for crude oil, the United States Economy Recovery concerns, the U.S. stock market boost, fuel inventories increased, U.S. commercial crude oil inventories fell more than expected, especially heating oil and diesel inventories grew less than expected.
Crude oil futures closed higher Thursday, six days before the end of the sustained decline, mainly due to the market after the recent bargain buying after a continuous decline. Friday due to the demand for crude oil and rising concerns about economic recovery down.
Monday closed down slightly, but recovered some early losses as U.S. stock market's positive sentiment boosted falling oil prices. Tuesday dropped to 8 weeks of low demand on fuel inventories and weak for months, oil prices expected to face heavy pressure. Rebounded sharply Wednesday as U.S. commercial crude oil inventories fell more than expected, especially heating oil and diesel inventories grew less than expected. In addition, the weaker dollar and stock market gains further support oil prices. Propylene market overview
Far East Japanese market from South Korea to buy spot cargoes to offset the crazy Kashima and Mizushima steam cracker shortage caused by parking, so propylene prices. Mitsubishi Chemical plans steam cracker parking, but parking a long time, the parking time is right and GS region propylene residue fluid catalytic cracking unit stop time accidentally collided. The Mitsui Chemicals steam cracker will be shut down for maintenance at the same time. GS Caltex said that as device fails, it can not supply more than 1,500 tons of propylene cargoes. SECCO is located in the steam cracker at the May 19 closed, the device is expected to resume this week or next week. Device that the company did not comment on whether the restart time.
Last Friday to buy futures market due to rumors that the Japanese have become active again, heard of these immediate purchase prices 1010 U.S. dollars / ton, 1,020 U.S. dollars / ton, 1,050 U.S. dollars / ton and 1,060 U.S. dollars / tonne FOB Korea. Last Friday, a Japanese trading company agreed to pay last Wednesday one of the purchase price. However, the seller of the cargo did not have a single comment. Last Friday's close, the non-or futures or August propylene Sell Intention in 1000 U.S. dollars / tonne FOB Korea, and the corresponding purchase intention in the 980 U.S. dollars / ton. China cargo market in August very conservative intention to purchase, the price is not more than one thousand U.S. dollars / ton CFR.
Southeast Asian propylene prices paid by the buyer is higher than that of Northeast Asia, because money reduced load operation device of Indonesia, and Vietnam plant restart time delay. Vietnam Oil Corporation (PetroVietnam) originally planned to export 6880 tons of propylene in July, but the device has not yet begun production of qualified products. The Philippines after four to five months of recovery after repair of propylene production, it is expected that most of its products will be increased capacity utilization Polypropylene Absorbed by the device.
Pp Week Assessment: Poor Demand For Crude Oil Or Plastics Market Continues To Decline
