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Asian isomer MX market seen recovering in late Q1, toluene bearish in first half 2015

November 13, 2014 (11:54)

Platts editors talk about factors affecting the narrowing spread between MX and toluene prices and the outlook for both products in the coming year.

News Headlines

OCI Beaumont restarts methanol unit at Texas plant: filing
Houston (Platts)--19 Dec 2014 458 pm EST/2158 GMT
OCI Beaumont has restarted its Texas methanol unit after it was shut because of a mechanical issue earlier this week, the company said Friday.
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Price Focus

European polyvinyl chloride spot prices fell a further Eur10/mt the w/e Nov 21 to Eur750/mt FD NWE, following the fall of Eur30/mt seen the w/e Nov 14. Decreases continue to be seen as an effect of a Eur90/mt fall in ethylene for November and a further fall expected in feedstock December, sources said. Sources also cited decreases in PVC prices to a seasonal lull in demand now felt in the market, pegging spot prices lower this week at Eur740-780/mt FD NWE as a result.

Analysis & Data Features

October 20, 2014
Asian petrochemical prices have dropped sharply amid tumbling crude values due to concerns about global growth and demand.
Also in this feature
Olefins: MEG at more than 4-year low, propylene at 18-month low
MEG prices at a 50-month low, hit by poor polyester demand in China.
Ethylene falls but margins still strong
The Asian ethylene market started to collapse during the w/e Oct 17.

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The Barrel Blog

October 22, 2014
There's something about $80/barrel crude that gets petrochemical markets in the US all riled up. As the energy complex slowly emerges from its latest dip, let's take a look at how some of these key markets fared over the past two weeks.
October 17, 2014
With the announcement of yet another new cracker project this week–this time, to be built in North Dakota–the US petrochemical industry could be reaching a tipping point in the shale gas revolution.
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Petrochemical Infographics

Featuring global trade flows for polyethylene, this infographic also details surplus and deficit totals and includes key trend points, statistics and forecasts going out all the way to 2023.


US ethylene market sees production open up as 2014 draws to close
December 12, 2014 - US spot ethylene was near a 30-month low this week following market talks of production expansions and restarts.
Asian PTA market stabilizes after weakness; new capacities to lengthen supply
November 26, 2014 - Platts editors discuss the factors affecting PTA prices in the region; the ways Asian producers are coping with China's capacity expansions; and market's expectations on PTA prices in 2015.
Ineos announces £640 mil ($1 bil) investment in UK shale gas industry
November 21, 2014 - Discussing the recent announcement by Ineos to invest vast amounts of money in UK shale gas, exploring the reasons behind the move.
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Asian Petrochemicals methodologyPublished August 2014

The Asian Petrochemical Products Guide contains the primary specifications and methodologies for Platts Asian Petrochemical assessments.

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