MR 31052013 000000 PDF

POLYMERUPDATE - Asian Petrochemical
Monthly Price Watch Report

2013
May

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Asian Petrochemical
Monthly Price Watch Report
May 2013

1
HeadOffice:ShalimarInfotechPvt.Ltd.
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Index
NotestoPriceWatchReport 02
ExecutiveSummary 04
CrudeOil 08
Naphtha 14
Polymers
LLDPE 18
LDPE 24
HDPE 30
PP 37
PVC 46
PS 49
ABS 52
Aromatics
Benzene 55
Toluene 60
Xylene 64
Methanol 70
Olefins
Butadiene 73
Ethylene 76
Propylene 80
Feedstock
StyreneMonomer 84
EDC/VCM 89
PTA 92
MEG 95
Intermediates
ACN 98
DOP 100
2EH 102
IndianPolymersMarket
IndianPolymersMarketSummary 104
IndianPolymersPriceMovement 105

Disclaimer&Copyright 108

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NotestoPriceWatchReport
MarketTerms
FOB FreeOnBoard
CNF/CFR Cost+Freight
CIF Cost+Insurance+Freight
MainstreamOffer MainMarketOffer
Spot
Quotedforsalesoffixedvolumesfordeliveryinasimple
shipmentataspecifiedtime,normallywithinfourweeks
fromthedateofpublication.Thequotescoverprices
agreedinnegotiationsbetweenbuyersandsellersinthe
weekleadinguptothedateofpublication
Local
AlllocalpricesareBasic(exclusiveofexcisedutyand
otherlocaltaxes)
Contract
Quotedforagreementscoveringthesupplyofaproduct
overanextendedperiod.Pricesarenegotiatedbetween
abuyerandselleratregularintervals,oftenmonthlyor
quarterlyandarequotedforthemonthorquarterof
delivery
Exwork ExFactoryPrice
MarketsbyRegions
FarEastAsia NorthEastAsia SouthAsia SouthEastAsia
SouthKorea Taiwan India Singapore
Japan China Pakistan Thailand
SriLanka Indonesia
Bangladesh Malaysia
Philippines
Week1May1toMay4
Week2May6toMay11
Week3May13toMay18
Week4May20toMay25
Week5May27toMay31

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ExchangeRate=1USD(May13)
W5 W4 W3 W2 W1
Chinese
Yuan(CNY)
6.17872 6.189317 6.199133 6.195067 6.206825
ThaiBaht
(THB)
29.94297 29.77787 29.65693 29.50692 29.36613
South
KoreanWon
(KRW)
1121 1112.66 1107.49 1087.28 1099.69
Singapore
Dollar(SGD)
1.2644 1.260517 1.244667 1.231967 1.2332
Japanese
Yen(JPY)
101.366 102.485 102.0467 99.43167 97.74
Indian
Rupee(INR)
55.91946 55.27735 54.61278 53.85417 53.47055

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ExecutiveSummary
CrudeoilpricesdeclinedonMay31owingtoariseinthevalueoftheUSdollar.Pricesalsofell
as oil cartel Organization of Petroleum Exporting Countries (OPEC) decided to leave oil
production targets unchanged. Nymex crude futures traded lower at USD 91.97/barrel while
Dated Brent prices were down at USD 100.39/barrel. WTI Cushing prices were down at USD
91.97/barrel.
Open spec naphtha bid prices on May 31 for the 2H of July were assessed lower at the USD
860.50/mtCFRFarEastlevelswhiletheaskratewasattheUSD862.50/mtCFRFarEastlevels.
The forward naphtha market price indications for the 2H of July were down at the USD
843.50/mtlevels.
LLDPE prices climbed in parts of Asia during week 5. On May 31, CFR Far East Asia prices of
LLDPEwereassessedattheUSD1395/mtmarkwhileCFRSouthEastAsiapriceswereassessed
unchangedattheUSD1410/mtmark.CFRSouthAsiapriceswereassessedhigherattheUSD
1440/mtlevels,upUSD10/mtontheweek.
Despiteaweekonweekfallinfeedstockethylenerates,LDPEpricesinchedhigherinpartsof
Asia duringweek 5. OnMay 31, CFR Far East Asia prices of LDPE wereassessed higher at the
USD 1425/mt mark, a week on week gain of USD 15/mt. Prices gained on the back of tight
productavailsintheregion.CFRSouthEastAsiapriceswereassessedflatattheUSD1420/mt
mark.
HDPE prices were assessed mixed in Asia during week 5. In Far East Asia, HDPE injection
moulding prices were assessed up at the USD 1415/mt levels, a week on week rise of USD
10/mt.HDPEblowmouldingpriceswereassessedflatattheUSD1405/mtCFRlevels.OnMay
31,HDPEfilmpriceswereassessedlowerattheUSD1415/mtCFRFarEastAsialevels,adrop
of USD 25/mt on the week. In South East Asia, HDPE film prices were assessed down at the
USD 1420/mt CFR levels, a sharp drop of USD 30/mt. Prices of HDPE injection were assessed
downattheUSD1410/mtlevels.HDPEblowmouldingpricesinSouthEastAsiawereassessed
lower at the USD 1410/mt levels, a week on week fall of USD 30/mt. In South Asia, prices of
HDPE injection were assessed up at the USD 1430/mt levels, a rise of USD 5/mt on the week
whileHDPEBMpriceswereassessedunchangedattheUSD1430/mtlevels.HDPEfilmprices
wereassessedlowerattheUSD1450/mtlevels,afallofUSD10/mtontheweek.
Polypropylene(PP)pricesfirmedinAsiaduringweek5.Firmerfeedstockpropylenevaluesand
improvedbuyinginterestintheregionhelpedsellerssteertheirofferpriceshigher.CFRSouth
EastAsia,PPraffiaandPPinjectionpriceswereassessedupattheUSD1465/mtlevels,aweek
onweekriseofUSD15/mt.OnMay31,CFRFarEastAsia,pricesofPPraffiaandPPinjection

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wereassessedhigherattheUSD1415/mtlevels,ariseofUSD15/mtontheweek.CFRSouth
East Asia prices of PP film were assessed higher at the USD 1485/mt levels, a gain of USD
20/mt on the week. CFR Far East Asia, PP film prices were assessed up at the USD 1445/mt
levels. In South Asia, PP raffia and PP injection prices were assessed up at the USD 1470/mt
levels, a week on week gain of USD 25/mt. PP film prices were assessed at the USD 1495/mt
levels,asharpriseofUSD35/mtontheweek.
PVC prices climbed in Asia during week 5. Bullish buying sentiments in the region supported
thepricerise.CFRChinapriceswereassessedupattheUSD985/mtlevels,ariseofUSD5/mt
from the previous week. CFR South East Asia prices of PVC were assessed higher at the USD
980/mtlevels,aweekonweekgainofUSD5/mt.
Despite a week on week fall in feedstock SM rates, PS prices finished higher in Asia during
week 5. CFR China, prices of GPPS were assessed up at the USD 1800/mt levels, a week on
weekriseofUSD10/mt.CFRSouthEastAsiapriceswereassessedhigherattheUSD1855/mt
levels, a gain of USD 15/mt. HIPS prices were assessed flat at the USD 1865/mt CFR China
mark.CFRSouthEastAsiapricesofHIPSwereassessedupattheUSD1940/mtlevels,aweek
on week gain of USD 15/mt. EPS prices meanwhile were assessed down at the USD 1820/mt
FOBNorthEastAsiamarkforgeneralpurposegrades,afallofUSD5/mtontheweek.
ABSPricesinchedlowerinpartsofAsiaduringweek5.CFRChinapricesofABSwereassessed
downattheUSD1895/mtlevels,afallofUSD5/mtontheweek.Thepricefallwasattributed
toweakerfeedstockSMvaluescoupledwithdulldemandtrendsintheregion.CFRSouthEast
Asia,pricesofABSwereassessedflatattheUSD1920/mtCFRlevels.
Benzene prices in Asia inched lower during week 5. The price fall was on the back of softer
upstream crude values and a drop in downstream SM rates. On May 31, although prices
climbed on the day, benzene was assessed at the USD 1290/mt FOB Korea mark, a week on
weekfallofUSD5/mt.
ToluenepricesdeclinedinAsiaduringweek5.Thepricefallwasattributedtoaweekonweek
dropindownstreambenzenevaluesandcoupledwithhighinventorylevelsinkeymarketslike
China. The price drop was prompted by a fall witnessed in toluene values in the US and
Europe.FOBKoreapricesoftoluenewereassesseddownattheUSD1130/mtlevels,afallof
USD 5/mt on the week. CFR South East Asia prices were assessed lower at the USD 1160/mt
levels,aweekonweekdropofUSD10/mt.CFRChinapriceswereassesseddownattheUSD
1150/mtlevels.
Orthoxylene (OX) prices inched lower in parts of Asia during week 5. FOB Korea prices of OX
were assessed flat at the USD 1390/mt levels. CFR China prices were assessed unchanged at

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the USD 1415/mt levels. CFR South East Asiaprices wereassessed down at the USD 1410/mt
levels,afallofUSD10/mtontheweek.Thepricefallwasonaccountofweakerdownstream
PAvalues.Meanwhile,paraxylene(PX)pricesfirmedinAsia.Thepricerisewasattributedtoa
week on week climb in feedstock Isomer MX and downstream PTA rates. Price gains were
further supported by reports of strong buying activity witnessed in the region. Solvent grade
MXpricesinAsiainchedlower.Dullbuyingsentimentsandampleproductavailsintheregion
supported the price fall. Isomer MX prices climbed in Asia. A gain in downstream PX rates
coupledwithimprovedbuyingsentimentspushedspotpricesofIsomerMXhigher.
MethanolpricesdroppedinAsiaduringweek5.Thepricefallwassupportedbyweakbuying
sentiments. CFR South East Asia prices were assessed down at the USD 410/mt levels. CFR
China prices were assessed lower at the USD 365/mt levels. CFR Korea prices of methanol
were assessed at USD 390/mt to USD 395/mt levels while CFR India prices were assessed at
theUSD355/mtlevels.
Butadiene prices in Asia drifted lower during week 5. The price fall was attributed to dull
demand trends in the region and weaker downstream synthetic rubber values. FOB Korea
pricesofbutadienewereassesseddownattheUSD1430/mtlevels,afallofUSD30/mtonthe
week. CFR China prices of butadiene were assessed lower at the USD 1445/mt levels. CFR
SouthEastAsiapricesofbutadienewereassesseddownattheUSD1420/mtlevels,aweekon
weekfallofUSD30/mt.
Ethylene prices slipped in Asia during week 5. Prices dropped mainly on account of ample
productavailabilityintheregion.CFRNorthEastAsiapricesofethylenewereassesseddown
attheUSD1200/mtlevels,asharpfallofUSD30/mtontheweek.CFRSouthEastAsiaprices
wereassessedlowerattheUSD1270/mtlevels,aweekonweekfallofUSD20/mt.FOBKorea
pricesofethylenewereassessedattheUSD1150/mtlevels.
Propylene prices in Asia firmed during week 5. Prices surged on the back of tight product
availability in the region. Supporting the price rise in propylene were firmer downstream PP
values.FOBKoreapricesofpropylenewereassessedupattheUSD1290/mtlevels,aweekon
weekriseofUSD20/mt.CFRChinapriceswereassessedhigherattheUSD1355/mtlevels.CFR
Taiwan propylene prices were assessed up at the USD 1350/mt levels, a steep rise of USD
35/mt on the week. CFR South East Asia prices of propylene were assessed at the USD
1340/mtlevels.
StyreneMonomer(SM)pricesdriftedlowerinAsiaduringweek5.Thepricefallwasattributed
to weaker upstream ethylene and benzene rates coupled with dull buying activity in the
region. FOB Korea prices of SM were assessed down at the USD 1655/mt levels, a week on
week fall of USD 15/mt. CFR China prices were assessed lower at the USD 1685/mt levels, a

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drop of USD 15/mt on the week. CFR South East Asia prices were assessed lower at the USD
1695/mtlevels,downUSD15/mtontheweek.
Prices of EDC declined in Asia during week 5. The price fall was prompted by a drop in
feedstock ethylene values and improved product availability in the region. CFR Far East Asia
prices of EDC were assessed down at the USD 335/mt levels, a week on week fall of USD
10/mt.CFRSouthEastAsiapricesofEDCwereassessedlowerattheUSD340/mtlevels,adrop
of USD 10/mt on theweek. VCMprices meanwhile wereassessed up at the USD815/mt CFR
FarEastAsialevels,upUSD10/mt.CFRSouthEastAsiapricesofVCMwereassessedhigherat
the USD 870/mt levels. Prompting prices of VCM higher was bullish pricing undertone in
downstreamPVC.
FirmerfeedstockPXvaluespushedPTApricesinAsiahigherduringweek5.CFRChinapricesof
PTAwereassessedupattheUSD1055/mtlevels,aweekonweekriseofUSD5/mtwhileCFR
SouthEastAsiapriceswereassessedhigherattheUSD1060/mt.
MEG prices were hammered lower in Asia during week 5. The price drop was attributed to
weaker feedstock ethylene values. Bearish downstream polyester demand sentiments in the
regionfurthersupportedthepricedrop.CFRChinapricesofMEGwereassesseddownatthe
USD 955/mt levels, a tumble of USD 40/mt on the week. CFR South East Asia prices of MEG
wereattheUSD960/mtlevels,asteepdropofUSD40/mt.
Acrylonitrile(ACN)pricesinchedhigherinAsiaduringweek5.Thepricerisewasattributedto
firmer upstream propylene values. CFR Far East Asia prices of ACN were assessed up at the
USD 1720/mt levels, a week on week gain of USD 5/mt. CFR South East Asia prices were
assessedhigherattheUSD1710/mtlevels.CFRSouthAsiapricesofACNwereassessedupat
theUSD1710/mtlevels.
DOPpricesdeclinedinAsiaduringweek5.Pricesslippedonthebackofadeclineinupstream
PAand2EHvaluescoupledwithveryweakregionaldemandtrends.CFRSouthEastAsiaprices
wereassesseddownattheUSD1615/mtlevels,adropofUSD10/mtontheweek.CFRChina
pricesofDOPwereassessedlowerattheUSD1670/mtlevels,afallofUSD10/mt.
Prices of 2EH plunged in Asia during week 5. The price fall was on account of softer
downstream DOP values and sluggish regional buying interest. CFR China prices of 2EH were
assesseddownattheUSD1385/mtlevels,atumbleofUSD30/mtontheweek.InSouthEast
Asia,pricesof2EHwereassessedlowerattheUSD1405/mtCFRlevels,aweekonweekdrop
ofUSD30/mt.

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CrudeoilpricesdroppedonMay1onthebackofariseinUScrudeanddistillateinventories
andariseinthevalueoftheUSdollar.NymexcrudefuturestradedloweratUSD91.03/barrel
while Dated Brent prices were down at USD 99.95/barrel. WTI Cushing prices were down at
USD91.03/barrel.
Crude oil prices gainedon May 2 on the backof a fall in unemployment benefitclaims in the
US and a fall in the value of the US dollar. Nymex crude futures traded higher at USD
93.99/barrelwhileDatedBrentpriceswereupatUSD102.85/barrel.WTICushingpriceswere
upatUSD93.99/barrel.
Crude oil prices rose on May 3 owing to a climb in US employment numbers and gains in US
equity indices. Nymex crude futures traded higher at USD 95.61/barrel while Dated Brent
priceswereupatUSD104.19/barrel.WTICushingpriceswereupatUSD95.61/barrel.
Crude oil prices gained on May 6 on the back of tensions in the Middle East and a rise in a
prominent US equity index. Nymex crude futures traded higher at USD 96.16/barrel while
Dated Brent prices were up at USD 105.46/barrel. WTI Cushing prices were up at USD
96.16/barrel.
Crude oil prices fell on May 7 on the back of gains in US crude and distillate inventories. The
fall in prices was also prompted by a rise in crude oil production as specified by EIA data.
NymexcrudefuturestradedloweratUSD95.62/barrelwhileDatedBrentpricesweredownat
USD104.40/barrel.WTICushingpricesweredownatUSD95.62/barrel.
CrudeoilpricesdisplayedamixedundertoneonMay8on thebackofariseinUS crudeand
gasoline inventories on the one hand and a drop in the value of the US dollar on the other.
Nymex crude futures traded higher at USD 96.62/barrel while Dated Brent prices were down
atUSD104.34/barrel.WTICushingpriceswereupatUSD96.62/barrel.
CrudeoilpricesdisplayedamixedundertoneonMay9onthebackofariseinthevalueofthe
USdollarononehandandafallinUSjoblessbenefitsapplicationsontheother.Nymexcrude
futures traded lower at USD 96.39/barrel while Dated Brent prices were up at USD
104.47/barrel.WTICushingpricesweredownatUSD96.39/barrel.
CrudeoilpricesdeclinedonMay10onthebackofariseinthevalueoftheUSdollarandan
increase in US crude and distillate inventories. Nymex crude futures traded lower at USD
96.04/barrel while Dated Brent prices were down at USD 103.91/barrel. WTI Cushing prices
weredownatUSD96.04/barrel.
Crude Oil Summary

9

CrudeoilpricesfellonMay13onthebackofariseinthevalueoftheUSdollarandalesser
thanexpectedriseinChineseindustrialproduction.NymexcrudefuturestradedloweratUSD
CrudeoilpricesdeclinedonMay14onthebackofariseincrudeanddistillateinventoriesin
theUS.NymexcrudefuturestradedloweratUSD94.21/barrelwhileDatedBrentpriceswere
downatUSD102.60/barrel.WTICushingpricesweredownatUSD94.21/barrel.
Crude oil prices gained on May 15 on the back of a fall in US crude inventories and a rise in
Japan'sfirstquarterGDPfigures.NymexcrudefuturestradedhigheratUSD94.30/barrelwhile
Dated Brent prices were up at USD 103.68/barrel. WTI Cushing prices were up at USD
94.30/barrel.
CrudeoilpricesgainedonMay16onthebackofapositiveoutlookoftheUSeconomyanda
decline in the value of the US dollar. Nymex crude futures traded higher at USD 95.16/barrel
while Dated Brent prices were up at USD 103.80/barrel. WTI Cushing prices were up at USD
95.16/barrel.
CrudeoilpricesgainedonMay17onthebackofglobalpositiveeconomicgrowthindicators.
Nymex crude futures traded higher at USD 96.02/barrel while Dated Brent prices were up at
USD104.64/barrel.WTICushingpriceswereupatUSD96.02/barrel.
CrudeoilpricesdroppedonMay20owingtoafallinUSequityindicesandconcernsthatthe
US Federal Reserve may curb its bondbuying program. Nymex crude futures traded lower at
USD 95.51/barrel while Dated Brent prices were down at USD 104.04/barrel. WTI Cushing
pricesweredownatUSD95.51/barrel.
Crude oil prices displayed a mixed undertone on May 21 on the back of a fall in the value of
the US dollar on one hand and arise in fuel inventories in the US on the other. Nymex crude
futures traded higher at USD 96.18/barrel while Dated Brent prices were down at USD
103.91/barrel.WTICushingpriceswereupatUSD96.18/barrel.
CrudeoilpricesdeclinedonMay22onthebackofariseingasolineinventoriesintheUSand
weak economic data emerging out of China, the world's second largest crude oil consumer.
NymexcrudefuturestradedloweratUSD94.28/barrelwhileDatedBrentpricesweredownat
USD102.60/barrel.WTICushingpricesweredownatUSD94.28/barrel.
Crude oil prices declined on May 23 on the back of a rise in the value of the US dollar and a
marginal fall witnessed in US equity indices. Nymex crude futures traded lower at USD

10

Crude oil prices displayed a mixed undertone on May 24 on the back of an increase in the
value of the US dollar on one hand and a rise in orders for durable goods in the US on the
other. Nymex crude futures traded lower at USD 94.15/barrel while Dated Brent prices were
upatUSD102.64/barrel.WTICushingpricesweredownatUSD94.15/barrel.
CrudeoilpricesgainedonMay28onthebackofpositiveeconomicdataemergingoutofthe
US.NymexcrudefuturestradedhigheratUSD95.01/barrelwhileDatedBrentpriceswereup
atUSD104.23/barrel.WTICushingpriceswereupatUSD95.01/barrel.
CrudeoilpricesdeclinedonMay29onthebackofariseinfuelinventoriesintheUS.Nymex
crude futures traded lower at USD 93.13/barrel while Dated Brent prices were down at USD
102.43/barrel.WTICushingpriceswereloweratUSD93.13/barrel.
Crude oil prices displayed a mixed undertone on May 30 on the back of a fall in the value of
the US dollar on one hand and a rise in crude and distillate inventories on the other. Nymex
crude futures traded higher at USD 93.61/barrel while Dated Brent prices were down at USD
102.19/barrel.WTICushingpriceswereupatUSD93.61/barrel.
CrudeoilpricesdeclinedonMay31owingtoariseinthevalueoftheUSdollar.Pricesalsofell
as oil cartel Organization of Petroleum Exporting Countries (OPEC) decided to leave oil
production targets unchanged. Nymex crude futures traded lower at USD 91.97/barrel while
Dated Brent prices were down at USD 100.39/barrel. WTI Cushing prices were down at USD
91.97/barrel.

11

Crude Oil Graphical Trend

12

PriceMovementCrudeOilduringFebruary2013May2013(USD/Barrel)
Grade May2013 Last4months(Feb2013May2013)
High Low High Low
CrudeOil
NYMEX 96.62 91.03 97.77 85.61
DatedBrent 105.46 99.95 118.90 97.69
WTICushing 96.62 91.03 97.77 85.61
Crude Oil Price Movement

13

NymexCrude DatedBrent WTICushing

Y2013 Y2012 Y2013 Y2012 Y2013 Y2012
1May 91.03 106.16 99.95 119.44 91.03 106.16
2May 93.99 105.22 102.85 118.16 93.99 105.22
3May 95.61 102.54 104.19 115.99 95.61 102.54
4May 98.49 113.16 98.49
5May
6May 96.16 105.46 96.16
7May 95.62 97.94 104.40 113.15 95.62 97.94
8May 96.62 97.01 104.34 113.06 96.62 97.01
9May 96.39 96.81 104.47 112.38 96.39 96.81
10May 96.04 97.08 103.91 112.06 96.04 97.08
11May 96.13 112.05 96.13
12May
13May 95.17 102.82 95.17
14May 94.21 94.78 102.60 111.00 94.21 94.78
15May 94.30 93.98 103.68 111.72 94.30 93.98
16May 95.16 92.81 103.80 110.26 95.16 92.81
17May 96.02 92.56 104.64 107.92 96.02 92.56
18May 91.48 107.98 91.48
19May
20May 95.51 104.04 95.51
21May 96.18 92.57 103.91 110.29 96.18 92.57
22May 94.28 91.85 102.60 109.29 94.28 91.66
23May 94.25 89.90 102.44 107.27 94.25 89.60
24May 94.15 90.66 102.64 107.84 94.15 90.41
25May 90.86 107.95 90.66
26May
27May
28May 95.01 90.86 104.23 108.07 95.01 90.66
29May 93.13 90.76 102.43 107.29 93.13 90.76
30May 93.61 87.82 102.19 103.58 93.61 87.82
31May 91.97 86.53 100.39 102.08 91.97 86.53
Crude Oil Price Comparison

14

Open spec naphtha bid prices on May 2 for the 2H of June were assessed down at the USD
The forward naphtha market price indications for the 2H of June wereup at the USD 842/mt
levels.
Open spec naphtha bid prices on May 3 for the 2H of June were assessed up at the USD
levels.
levels.
860/mtCFRFarEastlevelswhiletheaskratewasattheUSD862/mtCFRFarEastlevels.The
forwardnaphthamarketpriceindicationsforthe2HofJuneweredownattheUSD854.50/mt
levels.
forward naphtha market price indications for the 2H of June were up at the USD 868.50/mt
levels.
Open spec naphtha bid prices on May 9 for the 2H of June were assessed at the USD
The forward naphtha market price indications for the 2H of June were up at the USD
871.50/mtlevels.
The forward naphtha market price indications for the 2H of June were down at the USD
872.50/mtlevels.
Naphtha Summary

15

The forward naphtha market price indications for the 2H of June were down at the USD
868.50/mtlevels.
OpenspecnaphthabidpricesonMay14forthe2HofJunewereassessedattheUSD869/mt
CFRFarEastlevelswhiletheaskratewasattheUSD871/mtCFRFarEastlevels.Theforward
naphthamarketpriceindicationsforthe2HofJunewereupattheUSD870/mtlevels.
forwardnaphthamarketpriceindicationsforthe2HofJunewereupattheUSD861/mtlevels.
Open spec naphtha bid prices on May 16 for the 1H of July were assessed down at the USD
Theforwardnaphthamarketpriceindicationsforthe1HofJulywereupattheUSD860.50/mt
levels.
Open spec naphtha bid prices on May 17 for the 1H of July were assessed up at the USD
forward naphtha market price indications for the 1H of July were up at the USD 873.50/mt
levels.
forward naphtha market price indications for the 1H of July were up at the USD 878.50/mt
levels.
forward naphtha market price indications for the 1H of July were down at the USD 874/mt
levels.
857.50/mtlevels.
forwardnaphthamarketpriceindicationsforthe1HofJulywereupattheUSD864/mtlevels.

16

Open spec naphtha bid prices on May 27 for the 1H of July were assessed higher at the USD
Theforwardnaphthamarketpriceindicationsforthe1HofJulywereupattheUSD869.50/mt
levels.
The forward naphtha market price indications for the 1H of July were up at the USD 884/mt
levels.
forward naphtha market price indications for the 1H of July were down at the USD 868/mt
levels.
Theforwardnaphthamarketpriceindicationsforthe1HofJulyweredownattheUSD866/mt
levels.
843.50/mtlevels.

17

Naphtha Graphical Trend

18

LLDPEpricesdroppedduringweek1inpartsofAsia.InSouthAsia,LLDPEpriceswereassessed
lowerattheUSD1390/mtlevels,downUSD10/mtontheweek.Thepricefallwasattributed
to dull demand sentiments in the region. On May 3, CFR Far East Asia prices of LLDPE were
assessed at the USD 1350/mt mark. LLDPE prices were also assessed unchanged at the USD
1370/mtCFRSouthEastAsiamark.
LLDPE prices in Asia journeyed north during week 2. The price rise was mainly on account of
highupstreamcrudeandnaphthavaluesandfirmerfeedstockethyleneprices.Supportingthe
price gain were improved regional buying sentiments. On May 10, CFR Far East Asia prices of
LLDPEwereassessedupattheUSD1380/mtmark,asteepweekonweekriseofUSD50/mt.
CFR South East Asia prices were assessed up atthe USD 1380/mt mark, a gain USD 10/mt on
the week. CFR South Asia prices were assessed higher at the USD 1400/mt levels. In the
domesticmarketsofChina,LLDPEpriceswereassessedattheYuan10320/mtexworkslevels.
LLDPE prices climbed in Asia during week 3. With ethylene feedstock prices up and with
reportstricklinginofactualusersrestockingontheirdepletedinventories,sellerswereableto
steer their spot offers higher. CFR Far East Asia prices of LLDPE were assessed up at the USD
1375/mtmark,aweekonweekgainofUSD5/mt.CFRSouthEastAsiapriceswereassessedup
attheUSD1390/mtmark,ariseofUSD10/mt.CFRSouthAsiapriceswereassessedhigherat
the USD 1410/mt levels. In the domestic markets of China, LLDPE prices were assessed up at
theYuan10520/mtexworkslevels.
LLDPE prices in Asia marched higher during week 4. Firmer upstream costs pushed LLDPE
prices higher in Asia. On May 23,CFR Far EastAsia prices of LLDPE were assessed at the USD
1395/mtmark,asharpriseofUSD20/mt.CFRSouthEastAsiapriceswereassessedupatthe
USD 1410/mt mark, a gain of USD 20/mt on the week. CFR South Asia prices were assessed
higher at the USD 1430/mt levels. In the domestic markets of China, LLDPE prices were
assessedattheYuan10520/mtexworkslevels.InIndia,RelianceIndustriesLtd(RIL)hasraised
LLDPE prices with effect from May 23, 2013. Prices of LLDPE grades 26500 and 24300 have
beenleftunchangedwhileallotherLLDPEgradepriceshavebeenrevisedupbyRe.1/kgbasic.
LLDPE prices climbed in parts of Asia during week 5. On May 31, CFR Far East Asia prices of
LLDPEwereassessedattheUSD1395/mtmarkwhileCFRSouthEastAsiapriceswereassessed
A. Polymers
A.1 LLDPE Summary

19

unchangedattheUSD1410/mtmark.CFRSouthAsiapriceswereassessedhigherattheUSD
1440/mt levels, up USD 10/mt on the week. In the domestic markets of China, LLDPE prices
wereassessedattheYuan10520/mtexworkslevels.InIndia,Sabic,SaudiArabiahasoffered
its LLDPE film grade at the USD 1460/mt levels while Qamar, Saudi Arabia has offered LLDPE
film grade at the USD 14401450/mt levels, CIF Nhava Sheva port basis. In India, Reliance
Industries Ltd (RIL) has raised its LLDPE prices with effect from June 1, 2013. LLDPE extrusion
coating grade prices up by Rs.2/kg basic while all other LLDPE grade prices have been
increasedbyRs.2.50/kgbasic.

20

A1(a)PolymersAverageweeklypriceofLLDPEFilm@CFRIndiaBasis
forMay2013(USD/Tonne)
Grade Market W5 W4 W3 W2 W1
May
13
Apr
13
Mar
13
Feb
13
Film
South
Korea
1490 1440 1430 1430 1440 1446 1473 1523 1511
Singapore 1500 1450 1440 1440 1450 1456 1483 1533 1521
Thailand 1490 1440 1430 1430 1440 1446 1473 1523 1511
Saudi
Arabia
1460 1410 1400 1400 1410 1416 1444 1503 1484
Kuwait 1450 1390 1380 1380 1400 1400 1444 1503 1491

A.1 LLDPE Price Chart & Graphical Trend

21

A1(b)PolymersAverageweeklypriceofLLDPERotoMoulding
@CFRIndiaBasisforMay2013(USD/Tonne)
May
13
Apr
13
Mar
13
Feb
13
RotoMoulding
South
Korea
1510 1480 1480 1480 1495 1489 1541 1598 1589
Saudi
Arabia
1510 1480 1480 1480 1495 1489 1541 1598 1589

22

A1(c)PolymersAverageweeklypriceofLLDPEInjection
May
13
Apr
13
Mar
13
Feb
13
InjectionMoulding
South
Korea
1530 1500 1500 1500 1510 1508 1543 1593 1580
Singapore 1530 1500 1500 1500 1510 1508 1543 1593 1580
Thailand 1520 1490 1490 1490 1500 1498 1533 1583 1572
Saudi
Arabia
1510 1480 1480 1480 1490 1488 1524 1583 1570

23

PriceMovementofLLDPECFRIndiabasisduringFebruary2013
toMay2013(USD/Tonne)
Grade Market
May13
Last4months(Feb13
May13)
High Low High Low
Film
South
Korea
1490 1430 1540 1430
Singapore 1500 1440 1550 1440
Thailand 1490 1430 1540 1430
Saudi
Arabia
1460 1400 1520 1400
Kuwait 1450 1380 1520 1380
RotoMoulding
South
Korea
1510 1480 1610 1480
Saudi
Arabia
1510 1480 1610 1480
InjectionMoulding
South
Korea
1530 1500 1610 1500
Singapore 1530 1500 1610 1500
Thailand 1520 1490 1600 1490
Saudi
Arabia
1510 1480 1600 1480
Metallocene
Singapore 1650 1550 1750 1550
A.1 LLDPE Price Movement

24

PricesofLDPEwereassessedmixedinAsiaduringweek1.OnMay3,CFRFarEastAsiaprices
ofLDPEwereassessedupattheUSD1360/mtmark,aweekonweekriseofUSD20/mt.CFR
SouthEastAsiapriceswereassesseddownattheUSD1355/mtmark,adropofUSD25/mton
theweek.Thepricefallwasaresultofweakbuyingsentimentsintheregion.InIndia,aMiddle
East producer is heard to have offered its LDPE film grade at the USD 1420/mt levels, CIF
NhavaShevaportbasis.
LDPE prices in Asia bolstered higher during week 2. Price gains were a result of a rise in
feedstock ethylene values coupled with improved demand trends in the region. Reports of
constrainedproductavailabilityintheregionfurthersupportedthepricerise.OnMay10,CFR
FarEastAsiapricesofLDPEwereassessedupattheUSD1395/mtmark,asteepweekonweek
riseofUSD50/mt.CFRSouthEastAsiapriceswereassessedhigherattheUSD1390/mtmark,
asharpgainofUSD35/mtontheweek.InChina,domesticratesofLDPEwereassessedatthe
Yuan11070/mtexworkslevels.
LDPE pricesclimbed in parts of Asia during week 3. CFR South East Asia prices wereassessed
upattheUSD1415/mtmark,aweekonweekriseofUSD15/mt.Pricegainswerearesultofa
rise in feedstock ethylene values. CFR Far East Asia prices of LDPE were assessed flat at the
USD 1390/mt mark. In China, domestic rates of LDPE were assessed higher at the Yuan
11370/mtexworkslevels.
FirmerupstreamethylenevaluespushedLDPEpricesinAsiahigherduringweek4.OnMay23,
CFRFarEastAsiapricesofLDPEwereassessedattheUSD1405/mtmark,againofUSD15/mt
on the week. CFR South East Asia prices wereassessed up at the USD 1420/mt mark, a week
on week rise of USD 15/mt. In China, domestic rates of LDPE were assessed at the Yuan
11450/mt ex works levels. In India, Reliance Industries Ltd (RIL) has raised LDPE prices with
effectfromMay23,2013.LDPEheavydutygradepriceshavebeenrevisedupbyRs.2/kgbasic
whileallotherLDPEgradepriceshaveseenanupwardrevisionbyRe.1/kgbasic.
Despiteaweekonweekfallinfeedstockethylenerates,LDPEpricesinchedhigherinpartsof
Asia duringweek 5. OnMay 31, CFR Far East Asia prices of LDPE wereassessed higher at the
USD 1425/mt mark, a week on week gain of USD 15/mt. Prices gained on the back of tight
productavailsintheregion.CFRSouthEastAsiapriceswereassessedflatattheUSD1420/mt
mark. In China, domestic rates of LDPE were assessed lower at the Yuan 11370/mt ex works
levels.InIndia,Sabic,SaudiArabiahasoffereditsLDPEfilmgradeattheUSD1460/mtlevels,
CIF Nhava Sheva port basis. In India, Reliance Industries Ltd (RIL) has increased LDPE prices
A.2 LDPE Summary

25

with effect from June 1, 2013. Prices of LDPE grade 1020FA20 have been raised by Rs.3/kg
basicwhileallotherLDPEgradepriceshaveseenanupwardrevisionofRs.2.50/kgbasic.
A2(a)PolymersAverageweeklypriceofLDPEGeneralPurpose
May
13
Apr
13
Mar
13
Feb
13
GeneralPurpose
South
Korea
1460 1460 1453 1440 1440 1451 1458 1518 1506
Singapore 1470 1470 1463 1450 1450 1461 1468 1528 1516
Thailand 1440 1440 1433 1420 1420 1431 1445 1508 1496
Qatar 1440 1440 1433 1420 1420 1431 1438 1504 1496
A.2 LDPE Price Chart & Graphical Trend

26

A2(b)PolymersAverageweeklypriceofLDPEHeavyDuty@CFRIndiaBasis
May
13
Apr
13
Mar
13
Feb
13
HeavyDuty
South
Korea
1460 1460 1453 1440 1440 1451 1458 1518 1506
Singapore 1470 1470 1463 1450 1450 1461 1468 1528 1516
Thailand 1440 1440 1433 1420 1420 1431 1445 1508 1496
Qatar 1440 1440 1433 1420 1420 1431 1438 1504 1496

27

A2(c)PolymersAverageweeklypriceofLDPEMilkPouch@CFRIndiaBasis
May
13
Apr
13
Mar
13
Feb
13
MilkPouch
South
Korea
1460 1460 1453 1440 1440 1451 1458 1518 1506
Singapore 1470 1470 1463 1450 1450 1461 1468 1528 1516
Thailand 1440 1440 1433 1420 1420 1431 1445 1508 1496
Qatar 1440 1440 1433 1420 1420 1431 1438 1504 1496

28

A2(d)PolymersAverageweeklypriceofLDPEInjectionMoulding@CFRIndiaBasis
May
13
Apr
13
Mar
13
Feb
13
InjectionMoulding
South
Korea
1480 1480 1473 1460 1460 1471 1478 1530 1526
Singapore 1490 1490 1483 1470 1470 1481 1488 1548 1536
Thailand 1470 1470 1463 1450 1450 1461 1475 1538 1526

29

PriceMovementofLDPECFRIndiabasisduring
February2013toMay2013(USD/Tonne)
Grade Market
May13
Last4months(Feb13
May13)
High Low High Low
GeneralPurpose
South
Korea
1460 1440 1550 1440
Singapore 1470 1450 1560 1450
Thailand 1440 1420 1540 1420
Qatar 1440 1420 1540 1420
HeavyDuty
South
Korea
1460 1440 1550 1440
Singapore 1470 1450 1560 1450
Thailand 1440 1420 1540 1420
Qatar 1440 1420 1540 1420
MilkPouch
South
Korea
1460 1440 1550 1440
Singapore 1470 1450 1560 1450
Thailand 1440 1420 1540 1420
Qatar 1440 1420 1540 1420
InjectionMoulding
South
Korea
1480 1460 1570 1460
Singapore 1490 1470 1580 1470
Thailand 1470 1450 1570 1450
Lamination
Qatar 1600 1530 1680 1530
A.2 LDPE Price Movement

30

HDPE prices were assessed mixed in Asia during week 1. In the Far East Asian region, HDPE
YarnpriceswereassessedupattheUSD1430/mtlevels,aweekonweekriseofUSD5/mt.On
May 3, HDPE film prices were assessed up at the USD 1385/mt levels. HDPE BM and HDPE
InjectionpriceswerealsoassessedflatattheUSD1350/mtCFRFarEastAsialevels.CFRSouth
EastAsiapricesofHDPEInjectionandHDPEBMwereupattheUSD1390/mtlevels,againof
USD5/mtontheweek.HDPEYarngradepriceswereassessedflatattheUSD1400/mt.HDPE
film prices were assessed higher at the USD 1395/mt CFR South East Asia levels, a week on
week rise of USD 5/mt. In South Asia, prices of HDPE injection and HDPE BM grade were
assessed lower at the USD 1390/mt levels, down USD 20/mt on the week. HDPE film prices
wereassesseddownattheUSD1410/mtCFRSouthAsialevels,adeclineofUSD10/mt.Prices
fellonthebackofmutedbuyinginterestintheregion.
HDPEpricesfirmedinAsiaduringweek2.Pricesmarchedhigheronthebackoffirmerenergy
rates and gains in feedstock ethylene prices. In Far East Asia, HDPE injection moulding and
HDPEblow mouldingpriceswereassessedupattheUSD1380/mtCFRlevels,asharpgainof
USD 30/mt on the week. On May 10, HDPE film prices were assessedup at the USD 1410/mt
CFRlevels,ariseofUSD35/mtontheweek.InSouthEastAsia,HDfilmpriceswereassessed
higher at the USD 1420/mt CFR levels, a week on week gain of USD 25/mt. Prices of HDPE
injectionandHDPEblowmouldinginSouthEastAsiawereassessedattheUSD1410/mtlevels,
upUSD20/mt.InSouthAsia,pricesofHDPEinjectionandHDPEBMwereassessedupatthe
USD1400/mtlevelswhileHDPEfilmpriceswereassessedhigherattheUSD1425/mtlevels.In
China,localpricesofHDfilmwereattheYuan11220/mtexworkslevels.
HDPE prices finished higher in Asia during week 3. Prices gained on the back of a spike in
feedstock ethylene values and improved buying sentiments in the region. In Far East Asia,
HDPEinjectionmouldingpriceswereassessedupattheUSD1390/mtlevels,aweekonweek
riseofUSD10/mtwhileHDPEblowmouldingpriceswereassessedupattheUSD1385/mtCFR
levels,againofUSD5/mt.HDPEfilmpriceswereassessedupattheUSD1420/mtCFRlevels,a
riseofUSD15/mtontheweek.InSouthEastAsia,HDfilmpriceswereassessedhigheratthe
USD 1430/mt CFR levels, a week on week gain of USD 10/mt. Prices of HDPE injection and
HDPE blowmoulding in South East Asia were assessed at the USD 1420/mt levels, up USD
10/mt. In South Asia, prices of HDPE injection and HDPE BM were assessed up at the USD
1410/mt levels while HDPE film prices were assessed higher at the USD 1440/mt levels. In
China,localpricesofHDfilmwereupattheYuan11320/mtexworkslevels.
HDPEpricesfirmedinAsiaduringweek4.Thepricerisewasmainlyonaccountofasharpgain
infeedstockethylenerates.InFarEastAsia,HDPEinjectionmouldingpriceswereassessedup
A.3 HDPE Summary

31

at the USD 1405/mt levels, a week on week rise of USD 15/mt while HDPE blow moulding
prices were assessed up at the USD 1405/mt CFR levels, a gain of USD 20/mt. On May 23,
HDPE film prices were assessed at the USD 1435/mt CFR levels, a rise of USD 15/mt on the
week. In South East Asia, HDPE film prices were assessed higher at the USD 1450/mt CFR
levels, a week on week gain of USD 20/mt. Prices of HDPE injection were assessed up at the
USD 1435/mt levels. HDPE blowmoulding prices in South East Asia were assessed at the USD
1440/mtlevels,upUSD20/mtontheweek.InSouthAsia,pricesofHDPEinjectionandHDPE
BM were assessed up at the USD 1425/mt and USD 1430/mt levels, respectively. HDPE film
priceswereassessedhigherattheUSD1460/mtlevels.InChina,localpricesofHDfilmwereat
theYuan11200/mtexworkslevels.
HDPE prices were assessed mixed in Asia during week 5. In Far East Asia, HDPE injection
moulding prices were assessed up at the USD 1415/mt levels, a week on week rise of USD
10/mt.HDPEblowmouldingpriceswereassessedflatattheUSD1405/mtCFRlevels.OnMay
31,HDPEfilmpriceswereassessedlowerattheUSD1415/mtCFRFarEastAsialevels,adrop
of USD 25/mt on the week. In South East Asia, HDPE film prices were assessed down at the
USD 1420/mt CFR levels, a sharp drop of USD 30/mt. Prices of HDPE injection were assessed
downattheUSD1410/mtlevels.HDPEblowmouldingpricesinSouthEastAsiawereassessed
lower at the USD 1410/mt levels, a week on week fall of USD 30/mt. In South Asia, prices of
HDPE injection were assessed up at the USD 1430/mt levels, a rise of USD 5/mt on the week
whileHDPEBMpriceswereassessedunchangedattheUSD1430/mtlevels.HDPEfilmprices
were assessed lower at the USD 1450/mt levels, a fall of USD 10/mt on the week. In China,
localpricesofHDfilmwereattheYuan11220/mtexworkslevels.InIndia,Equate,Kuwaithas
offereditsHDPEfilmgradeattheUSD1470/mtlevelswhileSabic,SaudiArabiahasofferedits
HDPE film grade at the USD 1490/mt levels, CIF Nhava Sheva port basis. In India, Reliance
IndustriesLtd(RIL)hashikeditsHDPEpriceswitheffectfromJune1,2013.HDPEraffiagrade
pricesuprevisedbyRs.3/kgbasicwhileallotherHDPEgradepricesupbyRs.2.50/kgbasic.

32

A3(a)PolymersAverageweeklypriceofHDPERaffia@CFRIndiaBasisfor
May2013(USD/Tonne)
May
13
Apr
13
Mar
13
Feb
13
Raffia
South
Korea
1510 1480 1460 1460 1465 1475 1502 1553 1550
Thailand 1500 1470 1450 1450 1455 1465 1492 1543 1540

A.3 HDPE Price Chart & Graphical Trend A.3 HDPE Price Chart & Graphical Trend

33

A3(b)PolymersAverageweeklypriceofHDPEFilm@CFRIndiaBasis
May
13
Apr
13
Mar
13
Feb
13
Film
South
Korea
1490 1460 1440 1440 1445 1455 1482 1533 1530
Singapore 1480 1450 1430 1430 1435 1445 1472 1523 1520
Thailand 1490 1460 1440 1440 1445 1455 1482 1533 1530
Saudi
Arabia
1460 1430 1410 1410 1415 1425 1452 1503 1500
Kuwait 1470 1440 1420 1420 1425 1435 1562 1513 1510

34

A3(c)PolymersAverageweeklypriceofHDPEInjectionMoulding@CFRIndiaBasis
May
13
Apr
13
Mar
13
Feb
13
InjectionMoulding
South
Korea
1500 1460 1440 1440 1445 1457 1482 1533 1530
Singapore 1490 1450 1430 1430 1435 1447 1472 1523 1520
Thailand 1510 1470 1450 1450 1455 1467 1492 1543 1540
Saudi
Arabia
1480 1440 1420 1420 1425 1437 1462 1513 1510

35

A3(d)PolymersAverageweeklypriceofHDPEBlowMoulding@CFRIndiaBasis
May
13
Apr
13
Mar
13
Feb
13
BlowMoulding
South
Korea
1480 1450 1430 1430 1435 1445 1472 1523 1520
Singapore 1490 1460 1440 1440 1445 1455 1482 1533 1530
Thailand 1490 1460 1440 1440 1445 1455 1482 1533 1530

36

PriceMovementofHDPECFRIndiabasisduringFebruary2013toMay2013(USD/Tonne)
Grade Market
May13 Last4months(Feb13May13)
High Low High Low
Raffia
South
Korea
1510 1460 1570 1460
Thailand 1500 1450 1560 1450
Film
South
Korea
1490 1440 1550 1440
Singapore 1480 1430 1540 1430
Thailand 1490 1440 1550 1440
Saudi
Arabia
1460 1410 1520 1410
Kuwait 1470 1420 1530 1420
InjectionMoulding
South
Korea
1500 1440 1550 1440
Singapore 1490 1430 1540 1430
Thailand 1510 1450 1560 1450
Saudi
Arabia
1480 1420 1530 1420
BlowMoulding
South
Korea
1480 1430 1540 1430
Singapore 1490 1440 1550 1440
Thailand 1490 1440 1550 1440
Pipe
South
Korea
1510 1450 1560 1550
HMHD
South
Korea
1540 1490 1600 1490
Singapore 1520 1470 1580 1470

A.3 HDPE Price Movement

37

PP prices were assessed mixed in Asia during week 1. On May 3, PP raffia grade prices were
assessed up at the USD 1380/mt CFR Far East Asia levels, a rise of USD 15/mt on the week.
Firmerfeedstockpropyleneratessupportedthepricerise.PPinjectionpriceswereassessedat
the USD 1370/mt CFR Far East Asia levels. PP film prices were also assessed flat at the USD
1385/mtCFRFarEastAsialevels.InSouthEastAsia,pricesofPPraffiaandPPinjectiongrades
were assessed up at the USD 1390/mt CFR levels, a week on week rise of USD 5/mt. PP film
priceswereassessedflatfromattheUSD1405/mtCFRSouthEastAsialevels.InSouthAsia,PP
raffia and PP injection prices were assessed down at the USD 1400/mt levels, a fall of USD
15/mt on the week. PP film prices were assessed lower at the USD 1420/mt CFR South Asia
levels, a drop of USD 15/mt. Dull buying sentiments pushed PP prices lower in the region. In
India,RelianceIndustriesLtd(RIL)hasreduceditsPPpriceswitheffectfromMay1, 2013. PP
homopolymer grades prices have been slashed by Rs.1.50/kg basic while PPCP prices have
beenrevisedlowerbyRe.1/kgbasic.
Polypropylene (PP) prices marched higher in Asia during week 2. Firmer upstream propylene
ratessupportedtheriseinspotPPpricesinAsia.OnMay10,CFRFarEastAsia,PPraffiaprices
wereassessedupattheUSD1395/mtlevels,aweekonweekriseofUSD25/mt.PricesofPP
raffia in South East Asia were assessed higher at the USD 1420/mt levels, a steep rise of USD
30/mt.PPInjectionpriceswereassessedupattheUSD1395/mtCFRFarEastAsialevels.CFR
SouthEastAsia,pricesofPPInjectionwereassessedupattheUSD1420/mtlevels,aweekon
week gain of USD 30/mt. CFR Far East Asia, PP film prices were assessed up at the USD
1410/mtlevels,ariseofUSD25/mt.CFRSouthEastAsiapricesofPPfilmwereupattheUSD
1440/mt levels, a steep gain of USD 35/mt on the week. In South Asia, PP raffia and PP
injectionpriceswereassessedupattheUSD1420/mtlevelswhilePPfilmpriceswereassessed
up at the USD 1430/mt levels. In China, PP prices were assessed at the Yuan 10520/mt ex
workslevels.InIndia,RelianceIndustriesLtd(RIL)hasincreaseditsPPgradepricesbyRs.2/kg
basicwitheffectfromMay9,2013.
Polypropylene(PP)pricesfirmedinAsiaduringweek3.Ariseinupstreampropylenefeedstock
values supported the gains in PP. The price climb was further supported by reports of tight
avails of prompt parcels in the region. CFR South East Asia, PP raffia and PP injection prices
wereassessedupattheUSD1440/mtlevels,aweekonweekriseofUSD20/mt.OnMay17,
CFR Far East Asia, prices of PP raffia were assessed flat at the USD 1390/mt levels while PP
injectionpriceswereupattheUSD1390/mtCFRFarEastAsialevels,ariseofUSD5/mtonthe
week.CFRSouthEastAsiapricesofPPfilmwereassessedhigherattheUSD1455/mtlevels,a
gainofUSD15/mtontheweek.CFRFarEastAsia,PPfilmpriceswereassessedflatattheUSD
1410/mt levels. In South Asia, PP raffia and PP injection prices were assessed up at the USD
A.4 PP Summary

38

1435/mt levels, a week on week gain of USD 15/mt. PP film prices were assessed up at the
USD1450/mtlevels,ariseofUSD20/mtontheweek.InChina,PPpriceswereassessedatthe
Yuan10520/mtexworkslevels.
Polypropylene(PP)pricesinchedhigherinAsiaduringweek4.Thepricerisewasontheback
of firmer feedstock propylene values coupled with improved demand trends in the region as
buyers were heard replenishing their low inventories. CFR South East Asia, PP raffia and PP
injection prices were assessed up at the USD 1450/mt levels, a week on week rise of USD
10/mt.OnMay23,CFRFarEastAsia,pricesofPPraffiaandPPinjectionwereassessedatthe
USD 1395/mt levels, a rise of USD 5/mt on the week. CFR South East Asia prices of PP film
were assessed higher at the USD 1465/mt levels, a gain of USD 10/mt on the week. CFR Far
East Asia, PP film prices were assessed up at the USD 1420/mt levels. In South Asia, PP raffia
and PP injection prices were assessed up at the USD 1445/mt levels, a week on week gain of
USD 10/mt. PP film prices were assessed at the USD 1460/mt levels, a rise of USD 10/mt on
theweek.InChina,PPpriceswereassessedattheYuan10450/mtexworkslevels.
Polypropylene(PP)pricesfirmedinAsiaduringweek5.Firmerfeedstockpropylenevaluesand
improvedbuyinginterestintheregionhelpedsellerssteertheirofferpriceshigher.CFRSouth
EastAsia,PPraffiaandPPinjectionpriceswereassessedupattheUSD1465/mtlevels,aweek
onweekriseofUSD15/mt.OnMay31,CFRFarEastAsia,pricesofPPraffiaandPPinjection
wereassessedhigherattheUSD1415/mtlevels,ariseofUSD15/mtontheweek.CFRSouth
East Asia prices of PP film were assessed higher at the USD 1485/mt levels, a gain of USD
20/mt on the week. CFR Far East Asia, PP film prices were assessed up at the USD 1445/mt
levels. In South Asia, PP raffia and PP injection prices were assessed up at the USD 1470/mt
levels, a week on week gain of USD 25/mt. PP film prices were assessed at the USD 1495/mt
levels, a sharp rise of USD 35/mt on the week. In China, PP prices were assessed at the Yuan
10420/mt ex works levels. In India, Reliance Industries Ltd (RIL) has increased PP prices by
Rs.4/kgbasicwitheffectfromJune1,2013.

39

A4(a)PolymersAverageweeklypriceofPPRaffia@CFRIndiaBasis
May
13
Apr
13
Mar
13
Feb
13
Raffia
South
Korea
1470 1450 1443 1430 1430 1445 1461 1550 1543
Singapore 1470 1450 1443 1430 1430 1445 1461 1550 1543
Thailand 1470 1450 1443 1430 1430 1445 1461 1550 1543
Saudi
Arabia
1460 1440 1433 1420 1420 1435 1449 1530 1523
A.4 PP Price Chart & Graphical Trend

40

A4(b)PolymersAverageweeklypriceofPPInjectionMoulding@CFRIndiaBasis
May
13
Apr
13
Mar
13
Feb
13
InjectionMoulding
South
Korea
1470 1450 1443 1430 1430 1445 1461 1550 1543
Singapore 1470 1450 1443 1430 1430 1445 1461 1550 1543
Thailand 1470 1450 1443 1430 1430 1445 1461 1550 1543
Saudi
Arabia
1460 1440 1433 1420 1420 1435 1449 1530 1523

41

A4(c)PolymersAverageweeklypriceofPPTQFilm@CFRIndiaBasis
May
13
Apr
13
Mar
13
Feb
13
TQFilm
South
Korea
1500 1480 1470 1450 1450 1470 1481 1577 1572
Singapore 1500 1480 1470 1450 1450 1470 1481 1577 1572
Thailand 1500 1480 1470 1450 1450 1470 1481 1577 1572
Saudi
Arabia
1480 1470 1460 1440 1440 1458 1469 1557 1552

42

A4(d)PolymersAverageweeklypriceofPPBlockCopolymer@CFRIndiaBasis
May
13
Apr
13
Mar
13
Feb
13
BlockCopolymer
South
Korea
1520 1500 1493 1480 1480 1495 1511 1593 1581
Singapore 1510 1490 1483 1470 1470 1485 1501 1590 1581
Thailand 1510 1490 1483 1470 1470 1485 1501 1590 1581

43

A4(e)PolymersAverageweeklypriceofPPRandomCopolymer@CFRIndiaBasis
May
13
Apr
13
Mar
13
Feb
13
RandomCopolymer
South
Korea
1640 1620 1613 1600 1600 1615 1626 1703 1709
Singapore 1640 1620 1613 1600 1600 1615 1631 1713 1719
Thailand 1640 1620 1613 1600 1600 1615 1631 1720 1729

44

A4(f)PolymersAverageweeklypriceofPPBOPP@CFRIndiaBasis
May
13
Apr
13
Mar
13
Feb
13
BOPPHomopolymer
South
Korea
1490 1470 1463 1450 1450 1465 1481 1569 1560
Singapore 1490 1473 1463 1450 1450 1465 1481 1569 1560
Thailand 1500 1480 1473 1460 1460 1475 1491 1579 1570

45

PriceMovementofPPCFRIndiabasisduringFebruary2013toMay2013(USD/Tonne)
Grade Market
May13
Last4months(Feb13
May13)
High Low High Low
Raffia
SouthKorea 1470 1430 1560 1430
Singapore 1470 1430 1560 1430
Thailand 1470 1430 1560 1430
SaudiArabia 1460 1420 1540 1420
InjectionMoulding
SouthKorea 1470 1430 1560 1430
Singapore 1470 1430 1560 1430
Thailand 1470 1430 1560 1430
SaudiArabia 1460 1420 1540 1420
TQFilm
SouthKorea 1500 1450 1590 1450
Singapore 1500 1450 1590 1450
Thailand 1500 1450 1590 1450
SaudiArabia 1480 1440 1570 1440
BlockCopolymer
SouthKorea 1520 1480 1600 1480
Singapore 1510 1470 1600 1470
Thailand 1510 1470 1600 1470
RandomCopolymer
SouthKorea 1640 1600 1710 1600
Singapore 1640 1600 1720 1600
Thailand 1640 1600 1730 1600
BOPP
SouthKorea 1490 1450 1580 1450
Singapore 1490 1450 1580 1450
Thailand 1500 1460 1590 1450
A.4 PP Price Movement A.4 PP Price Movement

46

PVCpricesdriftedlowerinAsiaduringweek1.Weakerfeedstockethylenevaluescoupledwith
sluggishdemandtrendsintheregionsupportedthepricefall.CFRChinapricesofsuspension
gradePVCwereassesseddownattheUSD955/mtlevels,afallofUSD5/mtontheweek.CFR
SouthEastAsiapriceswereassessedlowerattheUSD950/mtlevels,aweekonweekdropof
USD10/mt.InIndia,Hanwha,SouthKoreahasconcludeddealsforPVCresinsuspensiongrade
attheUSD970/mtlevelsonCIFNhavaShevabasis.
PVC prices climbed in parts of Asia during week 2. CFR South East Asia prices of PVC were
assessedupattheUSD960/mtlevels,aweekonweekriseofUSD10/mt.Thepricerisewasa
resultoffirmerfeedstockethyleneratesandimprovedbuyinginterestintheregion.CFRChina
priceswereassessedflatattheUSD955/mtlevels.InthedomesticmarketsofChina,pricesof
ethylene based PVC were assessed up at the Yuan 6980/mt levels. In India, a South Korean
producer has offered its PVC resin suspension grade at the USD 1010/mt levels, CIF Nhava
Shevaportbasis,withL/Cpaymenttermsat90days.
PVCpricesinchedhigherinpartsofAsiaduringweek3.CFRChinapriceswereassessedupat
the USD 960/mt levels. Firmer feedstock ethylene rates supported the price rise and tight
product avails in the region. CFR South East Asia prices of PVC were assessed flat at the USD
960/mtlevels.InthedomesticmarketsofChina,pricesofethylenebasedPVCwereassessed
attheYuan6860/mtlevels.InIndia,TianjinDagu,ChinaisheardtohaveoffereditsPVCresin
suspensiongradeattheUSD990/mtlevels(+AntiDumpingDuty),CIFNhavaShevaportbasis.
PVCpricesmarchedhigherinAsiaduringweek4.AsharpgaininupstreamethyleneandVCM
values and reports of improved buying sentiments in the region, pushed prices higher. CFR
ChinapriceswereassessedupattheUSD980/mtlevels,ariseofUSD20/mtontheweek.CFR
SouthEastAsiapricesofPVCwereassessedhigherattheUSD975/mtlevels,aweekonweek
gain of USD 15/mt. In the domestic markets of China, prices of ethylene based PVC were
assessed up at the Yuan 6940/mt levels. In India, Reliance Industries Ltd (RIL) has increased
PVCpricesbyRe.1/kgbasicwitheffectfromMay23,2013.
PVC prices climbed in Asia during week 5. Bullish buying sentiments in the region supported
thepricerise.CFRChinapriceswereassessedupattheUSD985/mtlevels,ariseofUSD5/mt
from the previous week. CFR South East Asia prices of PVC were assessed higher at the USD
980/mtlevels,aweekonweekgainofUSD5/mt.InthedomesticmarketsofChina,pricesof
ethylene based PVC were assessed up at the Yuan 6950/mt levels. In India, a South Korean
producer has offered its PVC resin suspension grade at the USD 1050/mt levels, CIF Nhava
A.5 Polyvinyl Chloride (PVC) Summary

47

Shevaportbasis.InIndia,RelianceIndustriesLtd(RIL)hasraisedPVCpricesbyRs.2.50/kgbasic
witheffectfromJune1,2013.
A5(a)PolymersAverageweeklypriceofPVCSuspension@CFRIndiaBasis
May
13
Apr
13
Mar
13
Feb
13
Suspension
South
Korea
1020 990 983 970 970 987 1010 1067 1082
Thailand 1020 990 983 970 970 987 1010 1067 1082
Taiwan 1018 995 970 970 970 985 1000 1058 1079
A.5 - Polyvinyl Chloride (PVC) Price Chart & Graphical Trend

48

A5(b)PolymersAverageweeklypriceofPVCEmulsion@CFRIndiaBasis
May
13
Apr
13
Mar
13
Feb
13
Emulsion
South
Korea
1330 1330 1330 1330 1330 1330 1330 1337 1350
Taiwan 1330 1330 1330 1330 1330 1330 1330 1337 1350
PriceMovementofPVCCFRIndiabasisduring
Grade Market
May13
Last4months(Feb13
May13)
High Low High Low
Suspension
South
Korea
1040 970 1090 970
Thailand 1040 970 1090 970
Taiwan 1030 970 1090 970
Emulsion
South
Korea
1330 1330 1350 1330
Taiwan 1330 1330 1350 1330

A.5 - Pol yvinyl Chloride (PVC) Price Movement

49

DespiteaweekonweekfallinfeedstockSMvalues,PSpriceswereassessedflatinAsiaduring
week 1. GPPS prices were assessed flat at the USD 1775/mt CFR China mark while CFR South
East Asia prices were assessed unchanged at the USD 1825/mt levels. HIPS prices were
assessed stable at the USD 1840/mt CFR China mark while CFR South East Asia prices were
assessedattheUSD1915/mtlevels.EPSpricesmeanwhilewerealsoassessedflatattheUSD
1800/mt FOB North East Asia mark for general purpose grades. Fire retardant grades were
stableattheUSD1865/mtlevels.
PricesofPSclimbedinpartsofAsiaduringweek2.AweekonweekgaininupstreamSMrates
supported the price rise. CFR China, prices of GPPS were assessed up at the USD 1780/mt
levels,aweekonweekriseofUSD5/mt.CFRSouthEastAsiapriceswereassessedflatatthe
USD1825/mtlevels.HIPSpriceswereassessedhigherattheUSD1855/mtCFRChinamark,a
gain of USD 15/mt on the week. CFR South East Asia prices were assessed unchanged at the
USD 1915/mt levels. EPS prices were assessed up at the USD 1810/mt FOB North East Asia
markforgeneralpurposegrades,ariseofUSD10/mt.
FirmerfeedstockSMvaluespushedPSpriceshigherinAsiaduringweek3.CFRSouthEastAsia
prices were assessed up at the USD 1830/mt levels, a week on week rise of USD 5/mt. CFR
China,pricesofGPPSwereassessedflatattheUSD1780/mtlevels.HIPSpriceswereassessed
upattheUSD1860/mtCFRChinamark,againofUSD5/mtontheweek.CFRSouthEastAsia
pricesofHIPSwereassessedhigherattheUSD1920/mtlevels.EPSpriceswereassessedupat
theUSD1820/mtFOBNorthEastAsiamarkforgeneralpurposegrades,ariseofUSD10/mton
theweek.
PS prices finished higher in Asia during week 4. A week on week gain in feedstock SM rates
supported the price rise. CFR China, prices of GPPS were assessed up at the USD 1790/mt
levels,aweekonweekriseofUSD10/mt.CFRSouthEastAsiapriceswereassessedhigherat
the USD 1840/mt levels, a gain of USD 10/mt. HIPS prices were assessed up at the USD
1865/mtCFRChinamark,againofUSD5/mtontheweek.CFRSouthEastAsiapricesofHIPS
were assessed higher at the USD 1925/mt levels. EPS prices were assessed up at the USD
1825/mtFOBNorthEastAsiamarkforgeneralpurposegrades,ariseofUSD5/mt.
Despite a week on week fall in feedstock SM rates, PS prices finished higher in Asia during
week 5. CFR China, prices of GPPS were assessed up at the USD 1800/mt levels, a week on
weekriseofUSD10/mt.CFRSouthEastAsiapriceswereassessedhigherattheUSD1855/mt
levels, a gain of USD 15/mt. HIPS prices were assessed flat at the USD 1865/mt CFR China
mark.CFRSouthEastAsiapricesofHIPSwereassessedupattheUSD1940/mtlevels,aweek
A.6 Polystyrene (PS) Summary

50

on week gain of USD 15/mt. EPS prices meanwhile were assessed down at the USD 1820/mt
FOBNorthEastAsiamarkforgeneralpurposegrades,afallofUSD5/mtontheweek.
A6PolymersAverageweeklyPolystyreneprices
Grades W5 W4 W3 W2 W1
May
13
Apr
13
Mar
13
Feb
13
PolystyreneGPPS
FarEast 1796 1787 1780 1778 1775 1783 1790 1826 1862
SEAsia 1849 1837 1828 1825 1825 1833 1842 1884 1917
PolystyreneHIPS
FarEast 1865 1863 1858 1850 1840 1855 1861 1906 1936
SEAsia 1934 1923 1918 1915 1915 1921 1925 1980 1995
A.6 Polystyrene (PS) Price Chart & Graphical Trend

51

PriceMovementofPSduringFebruary2013to
May2013(USD/Tonne)
Grades Market
May13
Last4months(Feb13
May13)
High Low High Low
PolystyreneGPPS
FarEast 1800 1775 1870 1775
SEAsia 1855 1825 1920 1825
PolystyreneHIPS
FarEast 1865 1840 1950 1840
SEAsia 1940 1915 2000 1910
A.6 Polystyrene (PS) Price Movement

52

Despite higher feedstock butadiene values, ABS prices were assessed steady in Asia during
week1.CFRChinapricesofABSwereassessedflatattheUSD1845/mtlevelswhileCFRSouth
EastAsia,pricesofABSwerealsoassessedunchangedattheUSD1900/mtCFRlevels.Buying
wasveryquietonaccountofpublicholidaysacrossAsia.
ABS Prices in Asia finished higher during week 2 in Asia. Firmer feedstock butadiene and SM
prices prompted sellers of ABS to steer their rates higher. Also contributing toward the price
climbwereimprovedregionaldemandsentiments.CFRChinapricesofABSwereassessedup
at the USD 1875/mt levels, a sharp week on week rise of USD 30/mt. CFR South East Asia,
pricesofABSwerealsoassessedhigherattheUSD1915/mtCFRlevels,upUSD15/mtonthe
week.
ABS Prices in Asia firmed in Asia during week 3. Gains were triggered by firmer SM and
butadiene feedstock values coupled with exports of improved regional buying interest. CFR
ChinapricesofABSwereassessedupattheUSD1895/mtlevels,againofUSD20/mtonthe
week. CFR South East Asia, prices of ABS were also assessed higher at the USD 1920/mt CFR
levels,upUSD5/mtontheweek.
ABSPricesclimbedinpartsofAsiaduringweek4.CFRChinapricesofABSwereassessedupat
theUSD1900/mtlevels,againofUSD5/mtontheweek.FirmerupstreamSMandbutadiene
values, supported sellers seeking to steer their spot offer prices higher. CFR South East Asia,
pricesofABSwereassessedflatattheUSD1920/mtCFRlevels.
ABSPricesinchedlowerinpartsofAsiaduringweek5.CFRChinapricesofABSwereassessed
downattheUSD1895/mtlevels,afallofUSD5/mtontheweek.Thepricefallwasattributed
toweakerfeedstockSMvaluescoupledwithdulldemandtrendsintheregion.CFRSouthEast
Asia,pricesofABSwereassessedflatattheUSD1920/mtCFRlevels.
A.7 ABS Summary

53

A7PolymersAverageweeklyABSpricesonCFRIndiabasis
May
13
Apr
13
Mar
13
Feb
13
ABS
South
Korea
1926 1907 1900 1900 1900 1907 1946 2038 2130
Thailand 1936 1917 1910 1910 1910 1917 1956 2043 2120
A.7 ABS Price Chart & Graphical Trend

54

PriceMovementofABSonCFRIndiabasisduring
Grade Market
May13
Last4months(Feb13
May13)
High Low High Low
ABS
South
Korea
1950 1900 2140 1900
Thailand 1960 1910 2130 1910
A.7 ABS Price Movement

55

Benzene prices in Asia slipped on May 2. The price fall was supported by a decline in
downstreamSMvalues.FOBKoreapricesofbenzenewereassesseddownattheUSD1285/mt
levels,asteepdayondayfallofUSD25/mt.
Despitefirmerupstreamcrudevalues,benzenepricesdriftedlowerinAsiaduringweek1.On
May3,althoughpricesincreasedontheday,benzenewasassessedattheUSD1300/mtFOB
Korealevels,aweekonweekfallofUSD10/mt.Aweekonweekdropinbenzenevaluesinthe
US and Europe supported the price fall. In China, Sinopec has reduced its benzene prices in
EastChinaattheYuan9300/mtexworkslevels,afallofYuan200/mt.
BenzenepricesinAsiainchedloweronMay7.Thepricefallwasmainlyonaccountofadrop
in global crude prices and an overnight slide in benzene prices in the US and Europe. FOB
Korea prices of benzene were assessed down at the USD 1300/mt levels, a day on day fall of
USD5/mt.
Benzene prices inched lower in Asia during week 2. The price fall was a result of sluggish
buying trends in the region. FOB Korea prices of benzene were assessed down at the USD
1295/mtFOBKorealevels,aweekonweekfallofUSD5/mt.
Despite a fall in upstream crude values, benzene prices in Asia on May 14 edged higher. The
price rise was attributed to improved buying sentiments in the region. FOB Korea prices of
benzenewereassessedupattheUSD1295/mtlevels,adayondayriseofUSD5/mt.
Benzene prices in Asia slipped on May 15. A drop in spot downstream SM prices in Asia
contributed toward the decline in benzene rates. Supporting the price decline was a drop in
benzene values in the US and Europe. FOB Korea prices were assessed down at the USD
1285/mtlevels,adayondayfallofUSD10/mt.
Despite a rise in upstream crude values, benzene prices inched lower in Asia on May 16. The
price fall was supported by a decline in downstream SM rates. FOB Korea prices of benzene
wereassesseddownattheUSD1280/mtlevels,afallofUSD5/mtontheday.
Despite a week on week rise in upstream crude values, Benzene prices in Asia inched lower
duringweek3.OnMay17,althoughpricesclimbedontheday,benzenewasassessedatthe
B. Aromatics
B1 Benzene Summary

56

USD 1285/mt FOB Korea levels, a week on week fall of USD 10/mt. In China, Sinopec has
reduceditsbenzenepricesinEastChinabyYuan200/mttotheYuan9100/mtexworkslevels.
BenzenepricesinAsiainchedhigheronMay20.AriseindownstreamAsianSMratescoupled
with reports of improved buying sentiments helped support the price rise in benzene. FOB
KoreapricesofbenzenewereassessedupattheUSD1290/mtlevels,againofUSD5/mtfrom
May17assessedlevel.
Benzene prices in Asia firmed on May 21. Prices gained on the back of a rise in downstream
SMvaluescoupledwithstrongbuyingsentimentswitnessedintheregion.FOBKoreapricesof
benzene were assessed up at the USD 1300/mt levels, a rise of USD 10/mt from May 20
assessedlevels.
Despite a fall in upstream energy values, benzene prices inched higher in Asia on May 22. A
rise in downstream SM values supported the price climb. FOB Korea prices of benzene were
assessedupattheUSD1305/mtlevels,adayondayriseofUSD5/mt.
OnMay23,benzenepricesinAsiadeclined.Thepricefallwasonthebackofweakerupstream
energy values. A decline in downstream SM values supported the price fall. FOB Korea prices
ofbenzenewereassesseddownattheUSD1295/mtmark,adayondayfallofUSD10/mt.The
pricefallinAsianbenzenewassupportedbyweakerbenzenevaluesintheUSandEurope.
BenzenepricesinAsiaedgedhigherduringweek4.AweekonweekriseindownstreamAsian
SM rates supported the price rise. On May 23, although prices declined on the day, benzene
wasassessedattheUSD1295/mtFOBKorealevels,aweekonweekriseofUSD10/mt.
Benzene prices in Asia slipped on May 27. A drop in spot downstream SM prices in Asia
contributedtowardthedeclineinbenzenerates.FOBKoreapriceswereassesseddownatthe
USD 1285/mt levels, a fall of USD 10/mt from May 23 assessed level. In China, Sinopec has
reduceditsbenzenepricesinEastChinabyYuan200/mttotheYuan8900/mtexworkslevels.
Benzene prices in Asia climbed on May 28. Prices gained on the back of improved buying
sentimentsintheregion.Thepricerisewasfurthersupportedbyfirmerbenzenevaluesinthe
USandEurope.FOBKoreapricesofbenzenewereassessedupattheUSD1295/mtlevels,up
USD10/mtfromMay27.
Benzene prices in Asia inched higher on May 29. A gain in downstream SM prices supported
thepricerise.FOBKoreapricesofbenzenewereassessedupattheUSD1300/mtlevels,aday
ondayriseofUSD5/mt.

57

BenzenepricesslippedinAsiaonMay30.PricesslumpedonthebackofafallinBrentcrude
values coupled with a drop in downstream SM values. FOB Korea prices of benzene were
assesseddownattheUSD1285/mtlevels,afallofUSD15/mtfromMay29assessedlevels.
Benzene prices in Asia inched lower during week 5. The price fall was on the back of softer
upstream crude values and a drop in downstream SM rates. On May 31, although prices
climbed on the day, benzene was assessed at the USD 1290/mt FOB Korea mark, a week on
week fall of USD 5/mt. In the contract markets, JX Nippon Oil & Energy has settled its June
benzenecontractpriceattheUSD1305/mtCFRAsiamark.ThispricerepresentsafallofUSD
15/mtfromMay.

58

B1(a)AromaticsAverageweeklyBenzenePrices
May
13
Apr
13
Mar
13
Feb
13
Benzene
FOB
Korea
1292 1295 1288 1299 1298 1294 1303 1314 1409
CFR
Japan
1297 1300 1293 1340 1303 1307 1308 1319 1414
CFR
India
1302 1305 1298 1309 1308 1304 1313 1324 1419

B1 Benzene Price Chart & Graphical Trend

59

PriceMovementofBenzeneduring
Grades Market
May13
Last4months(Feb13
May13)
High Low High Low
Benzene
FOB
Korea
1310 1280 1430 1255
CFRJapan 1315 1285 1435 1260
CFRIndia 1320 1290 1440 1265
B1 Benzene Price Movement

60

FirmerupstreamcrudevaluespushedtoluenepricesinAsiahigherduringweek1.OnMay3,
toluenepriceswereassessedupattheUSD1145/mtFOBKorealevels,aweekonweekriseof
USD5/mt.CFRChinapricesoftoluenewereassessedhigherattheUSD1165/mtlevels,again
ofUSD15/mtontheweek.CFRSouthEastAsiapriceswereassessedupattheUSD1175/mt
levels.InChina,localrateswerehigherattheYuan8630/mtextanklevels.
Toluene prices in Asia climbed on May 6. Prices gained in line with a rise in upstream energy
rates.FOBKoreapriceswereassessedupattheUSD1155/mtlevels,againofUSD10/mtfrom
May3assessedlevel.CFRChinapriceswerehigherattheUSD1175/mtlevels.InChina,local
rateswereupattheYuan8710/mtextanklevels.
ToluenepricesclimbedinAsiaduringweek2.Pricesgainedinlinewithfirmerupstreamcrude
values.OnMay10,toluenepriceswereassessedattheUSD1155/mtFOBKorealevels,aweek
on week rise of USD 10/mt. CFR China prices of toluene were assessed higher at the USD
1175/mtlevels,againofUSD10/mtontheweek.CFRSouthEastAsiapriceswereassessedup
at the USD 1185/mt levels. In China, local rates were higher at the Yuan 8655/mt ex tank
levels.
Toluene prices declined in Asia on May 15. The price fall was attributed to a drop in
downstream benzene values and dull demand trends in the region. FOB Korea toluene prices
were assessed at the USD 1135/mt levels, a day on day fall of USD 10/mt. CFR China prices
were assessed down at the USD 1155/mt levels. In the domestic markets, prices of toluene
wereassessedlowerattheYuan8610/mtextanklevels.
ToluenepricesinAsiawitnessedafallduringweek3.Pricesfellonthebackofweakerdemand
trends in the region. FOB Korea prices of toluene were assessed down at the USD 1145/mt
FOBKorealevels,aweekonweekfallofUSD10/mt.CFRChinapriceswereassessedlowerat
the USD 1165/mt levels. CFR Taiwan prices were assessed down at the USD 1175/mt levels
while CFR South East Asia prices were assessed lower at the USD 1175/mt levels. In the
domesticmarkets,pricesoftoluenewereassesseddownattheYuan8525/mtextanklevels.
On May 21, toluene prices in Asia edged higher. The price rise was a result of a climb in
downstreambenzenevaluesandimproveddemandtrendsintheregion.FOBKoreapricesof
toluene were assessed up at the USD 1150/mt levels, a day on day climb of USD 5/mt. CFR
ChinapriceswereassessedhigherattheUSD1170/mtlevels.InChina,localextankpricesof
toluenewereupattheYuan8555/mtlevels.
B2 Toluene Summary

61

Toluene prices inched lower in Asia on May 23. The price drop was on account of weaker
upstream crude and a fall in downstream benzene rates. FOB Korea prices of toluene were
assessed down at the USD 1135/mt mark, a day on day fall of USD 10/mt. CFR China prices
were assessed lower at the USD 1160/mt levels. In the domestic markets of China, prices of
toluenewereattheYuan8555/mtlevels.
Toluene prices in Asia witnessed a decline during week 4. Prices fell on the back of a fall in
upstream energy values. The price fall was aided by a shut arbitrage window to the US. FOB
KoreapricesoftoluenewereassesseddownattheUSD1135/mtFOBKorealevels,aweekon
weekfallofUSD10/mt.CFRChinapriceswereassesseddownattheUSD1160/mtlevels.CFR
TaiwanpriceswereassesseddownattheUSD1170/mtlevelswhileCFRSouthEastAsiaprices
were assessed lower at the USD 1170/mt levels. In the domestic markets of China, prices of
toluenewereassessedattheYuan8555/mtextanklevels.
Toluene prices in Asia edged lower on May 27. Prices declined on the back of a drop in
downstream benzene values and weak buying sentiments in the region. FOB Korea prices of
toluene were assessed down at the USD 1130/mt levels, a fall of USD 5/mt from May 23
assessedlevels.CFRChinapricesweredownattheUSD1150/mtlevels,adropofUSD5/mton
theday.Inthedomesticmarkets,pricesoftoluenewereassessedattheYuan8555/mtextank
levels.
ToluenepricesdeclinedinAsiaduringweek5.Thepricefallwasattributedtoaweekonweek
dropindownstreambenzenevaluesandcoupledwithhighinventorylevelsinkeymarketslike
China. The price drop was prompted by a fall witnessed in toluene values in the US and
Europe.FOBKoreapricesoftoluenewereassesseddownattheUSD1130/mtlevels,afallof
USD 5/mt on the week. CFR South East Asia prices were assessed lower at the USD 1160/mt
levels,aweekonweekdropofUSD10/mt.CFRChinapriceswereassesseddownattheUSD
1150/mt levels. In the domestic markets, prices of toluene were assessed lower at the Yuan
8345/mtextanklevels.

62

B2AromaticsAverageweeklyToluenePrices
May
13
Apr
13
Mar
13
Feb
13
Toluene
FOB
Korea
1131 1143 1147 1153 1135 1142 1129 1155 1299
CFR
Japan
1155 1163 1171 1169 1148 1161 1138 1164 1314
CFR
SEA
1170 1174 1179 1179 1170 1174 1161 1201 1336
CFR
India
1190 1194 1202 1204 1190 1196 1178 1228 1365
CFR
China
1155 1163 1167 1173 1148 1161 1140 1163 1317
B2 Toluene Price Chart & Graphical Trend

63

PriceMovementofTolueneduringFebruary2013
Grades Market
May13
Last4months(Feb13
May13)
High Low High Low
Toluene
FOBKorea 1155 1130 1320 1095

CFRJapan 1175 1145 1330 1110
CFRSEA 1185 1170 1355 1130
CFRIndia 1205 1190 1385 1145
CFRChina 1175 1145 1335 1110
B2 Toluene Price Movement

64

Paraxylene (PX) prices on May 2 dropped sharply in Asia. A fall in upstream Isomer MX and
downstreamPTAratespressuredspotPXpriceslower.SupportingthedropinPXratesacross
Asiawerereportsofmutedregionalbuyingsentiments.FOBKoreapricesofPXwereassessed
down at the USD 1395/mt levels, a sharp day on day decline of USD 30/mt. CFR China prices
wereassessedlowerattheUSD1420/mtlevels.FOBKoreapricesofIsomerMXwereassessed
downattheUSD1190/mtlevels,afallofUSD20/mt.CFRTaiwanpriceswereassesseddown
attheUSD1205/mtlevels.
Orthoxylene (OX) prices finished down in Asia during week 1. The price fall was triggered by
softer feedstock Isomer MX grade values. A fall in downstream phthalic anhydride (PA) rates
further supported the price drop. FOB Korea prices of OX were assessed down at the USD
1430/mt levels, a week on week fall of USD 10/mt. CFR China prices were assessed lower at
the USD 1455/mt levels, a drop of USD 10/mt on the week. CFR South East Asia prices were
assessed down at the USD 1460/mt levels, a fall of USD 10/mt. Paraxylene (PX) prices also
slippedinAsia.Pricesfellonthebackofdulldemandtrendsintheregion.OnMay3,although
pricesclimbedontheday,PXwasassessedattheUSD1410/mtFOB Korealevels,aweekon
week fall of USD 25/mt. CFR Taiwan prices of PX were assessed down at the USD 1435/mt
levels.IsomerMXwasassessedattheUSD1205/mtFOBKorealevels,afallofUSD10/mt.CFR
Taiwan prices of Isomer MX were assessed at the USD 1220/mt levels. Solvent MX prices
edgedlowerinAsia.Hecticsellingactivitywitnessedintheregionsupportedthepricefall.FOB
KoreapriceswereassesseddownattheUSD1115/mtlevels,aweekonweekfallofUSD5/mt.
CFRTaiwanpriceswereassessedattheUSD1130/mtlevels,downUSD5/mt.CFRChinaprices
ofSolventMXwereassessedlowerattheUSD1150/mtlevels.CFRSouthEastAsiapriceswere
assessedlowerattheUSD1165/mtlevels.
PX prices in Asia marched higher on May 6. Supporting the rise in PX prices were higher
upstream crude values and a rise in feedstock Isomer MX rates. FOB Korea prices of PX were
assessed up at the USD 1425/mt levels, a rise of USD 15/mt from May 3 assessed levels. CFR
Taiwan prices were assessed higher at the USD 1450/mt levels. Prices of Isomer MX also
climbedinAsia.Thepricerisewasaresultoffirmerupstreamenergyvalues.Improvedbuying
activity witnessed in the region supported the price rise. FOB Korea Isomer MX prices were
assessedupattheUSD1215/mtlevels,ariseofUSD10/mt.CFRTaiwanpriceswereassessed
higherattheUSD1230/mtlevels.
AsianPXpricesdriftedloweronMay7.Thepricefallwaspromptedbyadeclineinupstream
IsomerMXanddownstreamPTArates.WeakercrudepricescoupledwithafallinPXvaluesin
theUSsupportedthedecline.FOBKoreapricesofPXwereassesseddownattheUSD1410/mt
B3 Xylene Summary

65

levels, a day on day fall of USD 15/mt. CFR Taiwan prices were assessed down at the USD
1435/mt levels. Isomer MX prices also witnessed a fall in Asia. A decline in upstream energy
rates and downstream PX values pushed spot prices of Isomer MX lower. FOB Korea prices
wereassesseddownattheUSD1210/mtlevels,adayondayfallUSD5/mt.CFRTaiwanprices
ofIsomerMXwereassesseddownattheUSD1225/mtlevels.
Paraxylene(PX)pricesinAsiaedgedhigheronMay8.Thepricerisewasonthebackofgainsin
downstreamPTArates.FOBKoreapricesofPXwereassessedupattheUSD1415/mtlevels,a
dayondayriseofUSD5/mt.CFRTaiwanpriceswereassessedupattheUSD1440/mtlevels.
Orthoxylene (OX) prices declined in Asia during week 2. Prices declined on the back of a
decline in downstream PA values on the one hand coupled with dull demand sentiments on
theother.FOBKoreapricesofOXwereassesseddownattheUSD1415/mtlevels,aweekon
weekfallofUSD15/mt.CFRChinapriceswereassessedlowerattheUSD1440/mtlevels.CFR
South East Asia prices were assessed down at the USD 1445/mt levels, a fall of USD 15/mt.
Meanwhile,paraxylene(PX)pricesfinishedhigherinAsia.Thepricerisewastriggeredbygains
indownstreamPTArates.Shortcoveringactivitywitnessedintheregionfurthersupportedthe
price rise. FOB Korea prices of PX were assessed at the USD 1425/mt levels, a week on week
riseofUSD15/mt.CFRTaiwanpricesofPXwereassessedattheUSD1450/mtlevels,upUSD
15/mt on the week. Solvent grade MX prices in Asia were assessed steady. FOB Korea prices
wereassessedflatattheUSD1115/mtlevels.CFRTaiwanpriceswereassessedunchangedat
the USD 1130/mt levels. CFR China prices of Solvent MX were assessed at the USD 1150/mt
levelswhileCFRSouthEastAsiapriceswereassessedunchangedattheUSD1165/mtlevels.
Paraxylene (PX) prices in Asia slipped on May 14. The price fall was on the back of a drop in
downstream PTA prices. FOB Korea prices of PX were assessed down at the USD 1410/mt
levels, a day on day fall of USD 15/mt. CFR Taiwan prices were assessed lower at the USD
1435/mtlevels.
Isomer MX prices slipped in Asia on May 15. A decline in downstream PX values pushed spot
prices of Isomer MX lower. FOB Korea prices of Isomer MX were assessed down at the USD
1190/mtlevels,afallofUSD15/mtontheday.CFRTaiwanpriceswereassessedloweratthe
USD1210/mtlevels.
Orthoxylene(OX)pricesslippedinAsiaduringweek3.Pricesfellonaccountofa sharpfallin
downstreamPAratesandadeclinerecordedinfeedstockIsomerMXvalues.FOBKoreaprices
ofOXwereassesseddownattheUSD1395/mtlevels,aweekonweekfallofUSD20/mt.CFR
ChinapriceswereassessedlowerattheUSD1420/mtlevels.CFRSouthEastAsiapriceswere
assessed down at the USD 1425/mt levels, a fall of USD 20/mt on the week. Paraxylene (PX)
pricesalsodroppedsharplyinAsia.ThepricefallwasaresultofadeclineindownstreamPTA

66

rates. The price fall was supported by a drop in PX prices in the US and Europe. FOB Korea
pricesofPXwereassesseddownattheUSD1400/mtlevels,asharpweekonweekfallofUSD
85/mt. CFR Taiwan prices were assessed down at the USD 1425/mt levels. Solvent grade MX
prices in Asia also declined. Poor demand sentiments pushed prices lower across Asia. FOB
KoreapriceswereassesseddownattheUSD1100/mtlevels,afallofUSD15/mt.CFRTaiwan
prices were assessed lower at the USD 1115/mt levels. CFR China prices of Solvent MX were
assesseddownattheUSD1135/mtlevels.CFRSouthEastAsiapriceswereassessedlowerat
theUSD1135/mtlevels,asharpfallofUSD30/mtontheweek.
Asian PX prices down adjusted on May 22. A decline in prices of crude and weaker
downstreamPTAratestogetherweigheddownbearishlyonspotPXprices.AfallinPXvalues
intheUSandEuropefurthersupportedthepricedrop.FOBKoreapricesofPXwereassessed
down at the USD 1390/mt levels, a day on day fall of USD 10/mt. CFR China prices were
assesseddownattheUSD1420/mtlevels.
Paraxylene(PX)pricesinAsiadroppedonMay23.Thepricefallwaspromptedbyadeclinein
upstreamIsomerMXanddownstreamPTArates.WeakercrudepricescoupledwithafallinPX
valuesintheUSsupportedthedecline.FOBKoreapricesofPXwereassesseddownattheUSD
1375/mtlevels,adayondayfallofUSD15/mt.CFRTaiwanpriceswereassessedloweratthe
USD1400/mtlevels.FeedstockIsomerMXpricesweredownattheUSD1170/mtFOBKoreal
levels.
Orthoxylene (OX) prices edged lower in Asia during week 4. The price fall was triggered by
softer feedstock Isomer MX values. FOB Korea prices of OX were assessed down at the USD
1390/mtlevels,aweekonweekfallofUSD5/mt.CFRChinapriceswereassessedloweratthe
USD 1415/mt levels. CFR South East Asia prices were assessed down at the USD 1420/mt
levels,afallofUSD5/mtontheweek.InChina,SinopechasreduceditsOXpricesinEastChina
by Yuan 200/mt to the Yuan 10200/mt ex works levels. Paraxylene (PX) prices also drifted
lower in Asia. Prices fell on account of softer energy prices. Also bearish for PX prices was a
drop in downstream PTA values. The price fall was further supported by weaker PX values in
theUSandEurope.FOBKoreapricesofPXwereassesseddownattheUSD1375/mtlevels,a
week on week decline of USD 25/mt. CFR Taiwan prices were assessed lower at the USD
1400/mt levels, a fall of USD 25/mt. Solvent grade MX prices in Asia also declined. Prices
declined on account of a dull demand trends. FOB Korea prices were assessed down at the
USD1095/mtlevels,afallofUSD5/mtontheweek.CFRTaiwanpriceswereassessedlowerat
the USD 1110/mt levels. CFR China prices of Solvent MX were assessed down at the USD
1130/mt levels. CFR South East Asia prices were assessed at the USD 1160/mt levels. FOB
KoreapricesofIsomerMXwereassesseddownattheUSD1170/mtlevels,afallofUSD10/mt.
CFRTaiwanpricesofIsomerMXwereassesseddownattheUSD1185/mtlevels.InSouthEast
AsiapriceswereassessedlowerattheUSD1185/mtlevels.

67

Paraxylene (PX) prices in Asia inched lower on May 27. The price fall was on the back of
improvedproductavailsintheregion.FOBKoreapricesofPXwereassesseddownattheUSD
1370/mtlevels,afallofUSD5/mtfromMay23assessedlevel.CFRChinapriceswereassessed
downattheUSD1395/mtlevels.
Spot PX prices in Asia inched higher on May 28. Supporting the rise in PX prices were higher
feedstockIsomerMXanddownstreamPTArates.FOBKoreapricesofPXwereassessedupat
theUSD1375/mtlevels,adayondayriseofUSD5/mt.CFRChinapriceswereassessedhigher
attheUSD1400/mtlevels.FeedstockIsomerMXpriceswereassessedupattheUSD1170/mt
FOBKorealevels.
A rise in upstream Isomer MX values, supported a climb in spot PX prices in Asia on May 29.
Reports of improved demand sentiments in the region further supported the price rise. FOB
Korea prices of PX were assessed up at the USD 1385/mt levels, a day on day rise of USD
15/mt.CFRTaiwanpriceswereassessedhigherattheUSD1415/mtlevels.IsomerMXpricesin
Asia also climbed. The price rise was a result of firmer downstream PX rates and reports of
improvedbuyingactivityintheregion.FOBKoreapricesofIsomerMXwereassessedupatthe
USD 1180/mt levels, a day on day rise of USD 10/mt. CFR Taiwan prices were assessed up at
theUSD1190/mtlevels.
Spot PX prices in Asia finished higher on May 30. The price rise was a result of improved
demand trends in the region. FOB Korea prices of PX were assessed up at the USD 1395/mt
levels, a day on day rise of USD 10/mt. CFR Taiwan prices were assessed higher at the USD
1425/mt levels. In the contract markets, ExxonMobil has nominated its PX contract price for
JuneattheUSD1520/mtCFRlevels.
Orthoxylene (OX) prices inched lower in parts of Asia during week 5. FOB Korea prices of OX
were assessed flat at the USD 1390/mt levels. CFR China prices were assessed unchanged at
levels,afallofUSD10/mtontheweek.Thepricefallwasonaccountofweakerdownstream
PAvalues.Meanwhile,paraxylene(PX)pricesfirmedinAsia.Thepricerisewasattributedtoa
week on week climb in feedstock Isomer MX and downstream PTA rates. Price gains were
further supported by reports of strong buying activity witnessed in the region. FOB Korea
prices of PX were assessed up at the USD 1415/mt FOB Korea levels, a sharp week on week
gainofUSD40/mt.CFRTaiwanpricesofPXwereassessedhigherattheUSD1440/mtlevels.
SolventgradeMXpricesinAsiainchedlower.Dullbuyingsentimentsandampleproductavails
in the region supported the price fall. FOB Korea prices were assessed down at the USD
1090/mt levels, a week on week fall of USD 5/mt. CFR Taiwan prices were assessed lower at
the USD 1105/mt levels. CFR China prices of Solvent MX were assessed down at the USD
1125/mt levels. CFR South East Asia prices were assessed lower at theUSD 1150/mt levels, a

68

fall of USD 10/mt. In China, Sinopec Guangzhou has reduced its Solvent MX prices by Yuan
100/mt to Yuan 8550/mt ex works levels. Isomer MX prices climbed in Asia. A gain in
downstreamPXratescoupledwithimprovedbuyingsentimentspushedspotpricesofIsomer
MX higher. FOB Korea prices of Isomer MX were assessed up at the USD 1190/mt FOB Korea
levels,ariseofUSD20/mt.CFRTaiwanpricesofIsomerMXwereassessedhigherattheUSD
1210/mtlevels.CFRSouthEastAsiapriceswereupattheUSD1210/mtlevels.
B3AromaticsAverageweeklyXylenePrices
May
13
Apr
13
Mar
13
Feb
13
OrthoXylene
FOB
Korea
1390 1393 1412 1425 1435 1411 1461 1518 1585
CFR
SEA
1418 1423 1442 1455 1465 1441 1502 1563 1620
ParaXylene
FOB
Korea
1380 1390 1413 1415 1410 1402 1438 1503 1681
CFR
SEA
1407 1416 1438 1440 1435 1427 1465 1529 1705
SolventMixed
FOB
Korea
1094 1098 1113 1115 1118 1108 1117 1129 1224
CFR
SEA
1158 1153 1163 1165 1168 1161 1171 1188 1270
IsomerMixed
FOB
Korea
1173 1177 1198 1210 1200 1192 1196 1231 1366
CFR
SEA
1183 1196 1223 1231 1213 1209 1212 1254 1384
B3 Xylene Price Chart & Graphical Trend

69

PriceMovementofXyleneduringFebruary2013
Grades Market
May13
Last4months(Feb13
May13)
High Low High Low
OrthoXylene
FOBKorea 1440 1390 1600 1390

CFRSEA 1470 1410 1635 1410
ParaXylene
FOBKorea 1425 1370 1710 1370

CFRSEA 1450 1395 1735 1395
SolventMixed
FOBKorea 1120 1090 1235 1090

CFRSEA 1170 1150 1275 1150
IsomerMixed
FOBKorea 1215 1165 1390 1120

CFRSEA 1235 1180 1405 1150
B3 Xylene Price Movement

70

MethanolpricesclimbedinAsiaduringweek1.CFRSouthEastAsiapriceswereassessedupat
the USD 410/mt levels, a rise of USD 5/mt on the week. Tight regional product availability
supported the price rise. CFR China prices were assessed up at the USD 365/mt levels. CFR
India prices were assessed up at the USD 355/mt levels. Reports of low product inventories
pushed prices higher in the region. CFR Korea prices of methanol were assessed flat at USD
380/mtlevels.InthedomesticmarketsofChina,methanolpriceswereassessedhigheratthe
Yuan 2655/mt levels. In plant news, Brunei Methanol Company has shut its 850,000 mt/year
methanol plant, located in Sungai Liang Industrial Park, Brunei, on May 1, 2013 for a
maintenanceturnaround.Theplantisexpectedtoremainshutforaround45days.
Methanol prices in Asia finished higher during week 2. Tight product avails in the region
supported the price rise. CFR Korea prices of methanol were assessed up at USD 385/mt to
USD 390/mt levels. CFR China prices were assessed up at the USD 370/mt levels. CFR South
East Asia prices were assessed flat at the USD 410/mt levels while CFR India prices were
assessed at the USD 355/mt levels. In the domestic markets of China, methanol prices were
assessedhigherattheYuan2675/mtlevels.Inplantnews,GujaratNarmadaValleyFertilizers
Company (GNFC) is operating its methanol plant at curtailed rates of around 50% of
productioncapacityowingtofirmerfeedstockvalues.TheplantislocatedatBharuch,Gujarat
withaproductioncapacityof345,000mt/year.
Methanol prices finished higher in parts of Asia during week 3. CFR Korea prices of methanol
were assessed up at USD 395/mt levels, a rise of USD 5/mt on the week. The price rise was
mainlyonaccountoftightregionalproductavailability.CFRChinapriceswereassessedflatat
theUSD370/mtlevels.CFRSouthEastAsiapriceswereassessedflatattheUSD410/mtlevels
while CFR India prices were assessed at the USD 355/mt levels. In the domestic markets of
China,methanolpriceswereassessedattheYuan2620/mtlevels.
MethanolpricesinchedhigherinpartsofAsiaduringweek4.CFRSouthEastAsiapriceswere
assessedupattheUSD415/mtlevels.Tightproductavailspushedpriceshigherintheregion.
CFRKoreapricesofmethanolwereassessedflatfromatUSD395/mtlevels.CFRChinaprices
wereassessedsteadyattheUSD370/mtlevels.CFRIndiapriceswereassessedflatattheUSD
355/mtlevels.InthedomesticmarketsofChina,methanolpriceswereassessedloweratthe
Yuan2605/mtlevels.
MethanolpricesdroppedinAsiaduringweek5.Thepricefallwassupportedbyweakbuying
sentiments. CFR South East Asia prices were assessed down at the USD 410/mt levels. CFR
China prices were assessed lower at the USD 365/mt levels. CFR Korea prices of methanol
B4 Methanol Summary

71

were assessed at USD 390/mt to USD 395/mt levels while CFR India prices were assessed at
theUSD355/mtlevels.InthedomesticmarketsofChina,methanolpriceswereassesseddown
attheYuan2595/mtlevels.
B4AromaticsAverageweeklyMethanolPrices
May
13
Apr
13
Mar
13
Feb
13
Methanol
CFR
India
355 355 355 355 348 354 335 336 352
CFR
China
369 370 370 367 363 368 365 370 372
CFR
Korea
395 395 390 383 380 389 380 378 381
CFR
SEA
411 415 414 410 410 412 398 386 383
B4 Methanol Price Chart & Graphical Trend

72

PriceMovementofMethanolduringFebruary2013to
May2013(USD/Tonne)
Grades Market
May13
Last4months(Feb13
May13)
High Low High Low
Methanol
CFRIndia 355 340 355 300

CFRChina 370 360 375 350
CFRKorea 395 380 395 370
CFRSEA 415 410 415 375
B4 Methanol Price Movement

73

PricesofbutadienefirmedinAsiaduringweek1,risingonthebackofreportsoftightproduct
availabilityintheregion.CFRChinapricesofbutadienewereassessedupattheUSD1480/mt
levels, a rise of USD 15/mt on the week. FOB Korea prices were assessed higher at the USD
1470/mtlevels.CFRSouthEastAsiapricesofbutadienewereassessedupattheUSD1425/mt
levels,aweekonweekgainofUSD15/mt.
PricesofbutadieneinchedhigherinpartsofAsiaduringweek2.CFRChinapricesofbutadiene
wereassessedupattheUSD1485/mtlevels,ariseofUSD5/mtontheweek.CFRSouthEast
AsiapricesofbutadienewereassessedupattheUSD1430/mtlevels,aweekonweekgainof
USD 5/mt. The price gain was triggered by higher downstream synthetic rubber values. FOB
KoreapriceswereassessedflatattheUSD1470/mtlevels.
Prices of butadiene marched higher in parts of Asia during week 3. CFR China prices of
butadiene were assessed flat at the USD 1485/mt levels. CFR South East Asia prices of
butadiene were assessed up at the USD 1460/mt levels, a week on week gain of USD 30/mt.
Improvedbuyingtrendsintheregionsupportedthepricerise.FOBKoreapriceswereassessed
flatattheUSD1470/mtlevels.
Butadiene prices in Asia drifted lower during week 5. The price fall was attributed to dull
demand trends in the region and weaker downstream synthetic rubber values. FOB Korea
pricesofbutadienewereassesseddownattheUSD1430/mtlevels,afallofUSD30/mtonthe
week. CFR China prices of butadiene were assessed lower at the USD 1445/mt levels. CFR
SouthEastAsiapricesofbutadienewereassesseddownattheUSD1420/mtlevels,aweekon
weekfallofUSD30/mt.
C. Olefins
C1 Butadiene Summary

74

C1OlefinsAverageweeklyButadienePricesfor
May2013(USD/Tonne)
May
13
Apr
13
Mar
13
Feb
13
Butadiene
South
Korea
1454 1467 1470 1470 1465 1465 1436 1754 2034
Japan 1454 1467 1462 1460 1453 1459 1431 1757 2021
China 1469 1482 1485 1482 1475 1479 1444 1796 2042
SEAsia 1444 1457 1440 1427 1418 1437 1406 1778 1987
C1 Butadiene Price Chart & Graphical Trend

75

PriceMovementofButadieneduringFebruary2013to
May2013(USD/Tonne)
Grades Market
May13
Last4months(Feb13
May13)
High Low High Low
Butadiene
Japan 1470 1430 2095 1395

South
Korea
1470 1430 2105 1400
China 1485 1445 2100 1395

SEAsia 1460 1410 2070 1355
C1 Butadiene Price Movement

76

Ethylene prices were assessed steady in Asia during week 1. Buying was quiet on account of
public holidays across Asia. FOB Korea prices of ethylene were assessed flat at the USD
1080/mt levels while CFR North East Asia prices of ethylene were assessed unchanged at the
USD1160/mtlevels.CFRSouthEastAsiapriceswereassessedflatattheUSD1215/mtlevels.
Ethylene prices in Asia inched higher on May 6. The price rise was attributed to firmer
upstream energy rates. CFR North East Asia prices of ethylene were assessed up at the USD
1165/mt levels while CFR South East Asia prices of ethylene were assessed up at the USD
1220/mtlevels.
Ethylene prices climbed on May 8 in Asia. Gains came on the back of bullish downstream PE
markets.Supportingthepricerisewerefirmerupstreamcrudeandnaphthavalues.CFRNorth
EastAsiapricesofethylenewereassessedupattheUSD1165/mtlevels,adayondayriseof
USD10/mt.CFRSouthEastAsiapriceswereassessedupattheUSD1225/mtlevels,adayon
daygainofUSD5/mt.
EthylenepricesinAsiafirmedonMay9.Gainscameonthebackofcontinuedtightsuppliesin
theregioncoupledwithbullishdownstreamPEmarkets.Supportingthepricerisewerefirmer
upstream naphtha values. CFR North East Asia prices were assessed higher at the USD
1190/mtlevels,asharpdayondaygainofUSD25/mt.CFRSouthEastAsiapricesofethylene
wereassessedupattheUSD1250/mtlevels,adayondayriseofUSD25/mt.
Ethylene prices marched higher in Asia during week 2. Prices firmed on the back of higher
upstream crude and naphtha values coupled with bullish downstream PE rates. FOB Korea
prices of ethylene were assessed up at the USD 1110/mt levels, a rise of USD 30/mt on the
week.CFRNorthEastAsiapricesofethylenewereassessedhigherattheUSD1190/mtlevels.
CFR South East Asia prices were assessed up at the USD 1250/mt levels, a steep rise of USD
35/mtontheweek.
Ethylene prices in Asia inched higher on May 14. Gains came on the back of higher upstream
naphtha values coupled with bullish downstream PE markets. CFR North East Asia prices of
ethylenewereassessedhigherattheUSD1195/mtlevels,adayondayriseofUSD5/mt.CFR
SouthEastAsiapriceswereassessedupattheUSD1255/mtlevels,adayondaygainofUSD
5/mt.
Ethylene prices in Asia firmed on May 16. The price rise was attributed to higher upstream
costs and tight product avails in the region. CFR North East Asia prices of ethylene were
C2 Ethylene Summary

77

assessedupattheUSD 1210/mtlevels,adayondaygainofUSD 15/mt.CFRSouthEastAsia
priceswereassessedhigherattheUSD1265/mtlevels,ariseofUSD10/mt.
Ethylene prices climbed in Asia during week 3. Tight product avails in the region and firmer
downstream PE values supported the price rise. FOB Korea prices of ethylene were assessed
upattheUSD1130/mtlevels,aweekonweekriseofUSD20/mt.CFRNorthEastAsiapricesof
ethylene were assessed higher at the USD 1210/mt levels. CFR South East Asia prices were
assessedupattheUSD1270/mtlevels,againofUSD20/mtontheweek.
EthylenepricesfirmedonMay21inAsia.Firmerupstreamenergyvaluescoupledwitharisein
downstream PE rates supported the price rise. CFR North East Asia prices of ethylene were
assessed up at the USD 1225/mt levels, a day on day rise of USD 15/mt. CFR South East Asia
priceswereassessedupattheUSD1285/mtlevels,againofUSD15/mt.
Ethylene prices finished higher in Asia during week 4. Reports of constrained product
availabilityintheregionsupportedthepricerise.FOBKoreapricesofethylenewereassessed
upattheUSD1150/mtlevels,aweekonweekgainofUSD20/mt.CFRNorthEastAsiaprices
ofethylenewereassessedhigherattheUSD1230/mtlevels.CFRSouthEastAsiapriceswere
assessedupattheUSD1290/mtlevels,ariseofUSD20/mtontheweek.Inplantnews,PTTGC
is likely to undertake a maintenance turnaround at its I41 cracker located at Map Ta Phut,
Thailand. The craker has an ethylene production capacity of 515,000 mt/year and propylene
capacityof250,000mt/year.
Ethylene prices in Asia declined on May 27. The price fall was attributed to weak buying
sentimentsandampleproductavailsintheregion.CFRNorthEastAsiapricesofethylenewere
assessed down at the USD 1220/mt mark, a fall of USD 10/mt from May 23 assessed levels.
CFR South East Asia prices were assessed lower at the USD 1280/mt levels, a drop of USD
10/mt.
EthylenepricesinchedlowerinpartsofAsiaonMay28.CFRNorthEastAsiapricesofethylene
were assessed down at the USD 1215/mt mark, a day on day fall of USD 5/mt. The price fall
wasonthebackofverysluggishdemandsentimentsintheregion.CFRSouthEastAsiaprices
wereassessedattheUSD1280/mtlevels.
EthylenepricesinAsiaslippedonMay29.Thepricefallwasonthebackofadropinupstream
crudeandnaphtharatescoupledwithampleproductavailabilityintheregion.CFRNorthEast
Asia prices of ethylene were assessed down at the USD 1210/mt mark, a day on day drop of
USD 5/mt. CFR South East Asia prices were assessed at the USD 1275/mt levels, a fall of USD
5/mt.

78

InAsia,ethylenepricesjourneyedsouthonMay30.Reportsofsufficientproductavailabilityin
theregionsupportedthepricefall.CFRNorthEastAsiapricesofethylenewereassesseddown
at the USD 1200/mt mark, a day on day fall of USD 10/mt. CFR South East Asia prices were
assessedattheUSD1270/mtlevels,downUSD5/mt.
Ethylene prices slipped in Asia during week 5. Prices dropped mainly on account of ample
productavailabilityintheregion.CFRNorthEastAsiapricesofethylenewereassesseddown
attheUSD1200/mtlevels,asharpfallofUSD30/mtontheweek.CFRSouthEastAsiaprices
wereassessedlowerattheUSD1270/mtlevels,aweekonweekfallofUSD20/mt.FOBKorea
pricesofethylenewereassessedattheUSD1150/mtlevels.
C2OlefinsAverageWeeklyEthylenePrices
May
13
Apr
13
Mar
13
Feb
13
Ethylene
South
Korea
1150 1137 1113 1090 1080 1114 1163 1247 1365
Japan 1135 1122 1098 1075 1065 1099 1150 1234 1350
SEAsia 1279 1285 1256 1231 1215 1253 1254 1389 1421
C2 Ethylene Price Chart & Graphical Trends

79

PriceMovementofEthyleneduringFebruary2013to
May2013(USD/Tonne)
Grades Market
May13
Last4months(Feb13
May13)
High Low High Low
Ethylene
Japan 1135 1065 1355 1065

South
Korea
1150 1080 1370 1080
SEAsia 1290 1215 1440 1210
C2 Ethylene Price Movement

80

Propylene prices in parts of Asia inched higher on May 2. Prices gained on the back of firmer
upstream crude rates and higher downstream PP prices. CFR China prices were assessed
higher at the USD 1305/mt levels, a rise of USD 5/mt on the day. FOB Korea prices of
propylenewereassessedattheUSD1235/mtlevels.
PropylenepricesedgedhigherinpartsofAsiaduringweek1.CFRChinapriceswereassessed
higher at the USD 1305/mt levels, a week on week rise of USD 5/mt. Reports of improved
buying activity post the Labour day holidays supported the price rise. FOB Korea prices of
propylene were assessed flat at the USD 1235/mt levels while CFR South East Asia prices of
propylenewereassessedunchangedattheUSD1310/mtlevels.
PropylenepricesinAsiafinishedhigheronMay7.Pricesclimbedonthebackoffirmerenergy
rates and gains recorded in downstream PP rates. FOB Korea prices of propylene were
assessedupattheUSD1245/mtlevels,adayondayriseofUSD5/mt.CFRChinapriceswere
assessedhigherattheUSD1315/mtlevels.
PropylenepricesinAsiafinishedhigheronMay9.Firmerupstreamenergyvaluescoupledwith
gainsindownstreamPPratessupportedthepriceclimb.FOBKoreapricesofpropylenewere
assessedupattheUSD1320/mtlevels,againofUSD5/mt.
PropylenepricesinAsiaclimbedduringweek2.Gainswerepromptedbyariseindownstream
PP prices and firmer crude and naphtha values. Prices also gained in anticipation of tight
productavailsintheregion,goingforward.FOBKoreapricesofpropylenewereassessedupat
the USD 1250/mt levels, a gain of USD 15/mt on the week. CFR China prices were assessed
higherattheUSD1320/mtlevels.CFRSouthEastAsiapricesofpropylenewereassessedupat
theUSD1320/mtlevels,aweekonweekriseofUSD10/mt.
PropylenepricesinAsiainchedhigheronMay13.Firmerupstreamenergyvaluescoupledwith
gainsindownstreamPPratessupportedthepriceclimb.FOBKoreapricesofpropylenewere
assessed up at the USD 1255/mt levels, a rise of USD 5/mt from May 10 assessed level. CFR
ChinapriceswereassessedhigherattheUSD1325/mtlevels,againofUSD5/mt.
Propylene prices in Asia edged higher on May 16. The price climb was on the back of firmer
downstream PP values coupled with higher upstream energy rates. FOB Korea prices of
propylene were assessed up at the USD 1265/mt levels, a rise of USD 5/mt on the day. CFR
ChinapriceswereassessedhigherattheUSD1335/mtlevels,adayondaygainofUSD5/mt.
C3 Propylene Summary

81

PropylenepricesinAsiafinishedhigherduringweek3.Thepricerisewasaresultofimproved
buying activity across Asia. FOB Korea prices of propylene were assessed up at the USD
1265/mt levels, a gain of USD 15/mt on the week. CFR China prices were assessed higher at
theUSD1335/mtlevels.CFRSouthEastAsiapricesofpropylenewereassessedupattheUSD
1335/mtlevels,aweekonweekriseofUSD15/mt.
PropylenepricesinAsiaclimbedonMay21.Thepricerisewaspromptedbyfirmerupstream
energyratesandgainsrecordedindownstreamPPvalues.FOBKoreapricesofpropylenewere
upattheUSD1340/mt.
Propylene prices in Asia finished higher during week 4. Gains were prompted by improved
demandtrendsintheregioncoupledwithariseindownstreamPPprices.FOBKoreapricesof
propylenewereassessedupattheUSD1270/mtlevels,aweekonweekriseofUSD5/mt.CFR
China prices were assessed higher at the USD 1340/mt levels. CFR South East Asia prices of
propylenewereassessedupattheUSD1340/mtlevels,againofUSD5/mtontheweek.
Propylene prices in Asia firmed on May 27. Improved buying trends coupled with gains in
downstreamPPratessupportedthepriceclimb.FOBKoreapricesofpropylenewereassessed
up at the USD 1290/mt levels, a rise of USD 20/mt from May 23 assessed levels. CFR China
priceswereassessedhigherattheUSD1350/mtlevels,againofUSD10/mt.
Propylene prices in Asia firmed during week 5. Prices surged on the back of tight product
availability in the region. Supporting the price rise in propylene were firmer downstream PP
values.FOBKoreapricesofpropylenewereassessedupattheUSD1290/mtlevels,aweekon
weekriseofUSD20/mt.CFRChinapriceswereassessedhigherattheUSD1355/mtlevels.CFR
Taiwan propylene prices were assessed up at the USD 1350/mt levels, a steep rise of USD
35/mt on the week. CFR South East Asia prices of propylene were assessed at the USD
1340/mtlevels.

82

C3OlefinsAverageweeklyPropylenePrices
May
13
Apr
13
Mar
13
Feb
13
Propylene
South
Korea
1286 1268 1258 1245 1235 1258 1258 1286 1361
Japan 1264 1257 1238 1225 1220 1241 1243 1263 1347
SEAsia 1340 1337 1323 1313 1310 1325 1341 1374 1396
C3 Propylene Price Chart & Graphical Trend

83

PriceMovementofPropyleneduringFebruary2013to
May2013(USD/Tonne)
Grades Market
May13
Last4months(Feb13
May13)
High Low High Low
Propylene
Japan 1280 1220 1365 1210

South
Korea
1290 1235 1375 1225
SEAsia 1340 1310 1430 1310
C3 Propylene Price Movement

84

Styrene Monomer (SM) prices down adjusted on May 2 in Asia. Prices fell in tandem with
softer upstream benzene values. FOB Korea prices of SM were assessed down at the USD
1605/mtlevels,adayondaydropofUSD20/mt.CFRChinapriceswereassesseddownatthe
USD1635/mtlevels.InthedomesticmarketsofChina,SMpriceswereattheYuan12600/mt
extanklevels.
StyreneMonomer(SM)pricesinAsiadeclinedduringweek1.Thepricefallwasonthebackof
a week on week fall in upstream benzene values coupled with dull buying sentiments in the
region. On May 3, although prices climbed on the day, SM was assessed at the USD 1610/mt
FOBKorealevels,aweekonweekfallofUSD20/mt.CFRChinapriceswereassessedlowerat
levels, a week on week fall of USD 20/mt. In the domestic markets, SM prices were down at
theYuan12650/mtextankmark.
Styrene Monomer (SM) prices in Asia edged higher on May 6. Prices climbed on the back of
strength in upstream energy values and improved buying sentiments in the region. The price
risewasfurthersupportedbyfirmerupstreambenzeneandethylenevalues.FOBKoreaprices
ofSMwereassessedupattheUSD1620/mtlevels,againofUSD10/mtfromMay3assessed
level. CFR China priceswere assessed up at the USD 1650/mt levels. In the domestic markets
ofChina,SMpriceswereassessedhigherattheYuan12700/mtextanklevels.
StyreneMonomer(SM)pricesclimbedinAsiaonMay8.Thepricerisewastriggeredbytight
product avails in the region. The price gain was further supported by firmer SM values in the
USandEurope.FOBKoreapricesofSMwereassessedupattheUSD1635/mtlevels,adayon
day gain of USD 15/mt. CFR China prices were assessed higher at the USD 1665/mt levels. In
China,domesticpricesofSMwereattheYuan12675mtlevels.
SMpricesinAsiafirmedonMay9.Gainscameonthebackofcontinuedtightsuppliesinthe
region coupled with firmer upstream ethylene values. FOB Korea prices of SM were assessed
upattheUSD1650/mtlevels,adayondaygainofUSD15/mt.CFRChinapriceswereassessed
up at the USD 1680/mt levels. In the domestic markets of China, SM prices were assessed at
theYuan12675/mtextanklevels.
D. Feedstock
D1 Styrene Monomer Summary

85

StyreneMonomer(SM)pricesinAsiabolsteredhigherduringweek2.Continuedtightsupplies
intheregioncoupledwithfirmerupstreamethylenevalues,pushedpriceshigher.FOBKorea
pricesofSMwereassessedupat theUSD1650/mtlevels,asharpweekonweekriseofUSD
40/mt.CFRChinapriceswereassessedhigherattheUSD1680/mtlevels.CFRSouthEastAsia
priceswereassessedupattheUSD1695/mtlevels,asteepriseofUSD50/mtontheweek.In
thedomesticmarketsofChina,SMpriceswereupattheYuan12725/mtextankmark.
SMpricesfirmedinAsiaonmay13.Pricegainscameonthebackofreportsofstrongbuying
activity witnessed in key markets like China. FOB Korea prices of SM wereassessed up at the
USD1670/mtlevels,ariseofUSD20/mtfromMay10assessedlevels.CFRChinapriceswere
assessed up at the USD 1700/mt levels. In China, domestic prices of SM were higher at the
Yuan12780/mtextanklevels.
Despiteariseinfeedstockbenzeneandethylenevalues,styreneMonomer(SM)pricesinAsia
inched lower on May 14. FOB Korea prices of SM were assessed down at the USD 1665/mt
levels, a fall of USD 5/mt on the day. CFR China prices were assessed lower at the USD
1695/mt levels. In the domestic markets of China, SM prices were assessed at the Yuan
12780/mtlevels.
Prices of SM in Asia declined on May 16. Prices fell in tandem with softer upstream benzene
values and dull buying interest in the region. FOB Korea prices of SM were assessed down at
the USD 1650/mt levels, a drop of USD 10/mt on the day. CFR China prices were assessed
downattheUSD1680/mtlevels.InthedomesticmarketsofChina,SMpriceswereassessedat
theYuan12740/mtextanklevels.
Styrene Monomer (SM) prices in Asia were assessed steady during week 3. Buying trends is
reportedtobestronginkeymarketslikeChina.FOBKoreapricesofSMwereassessedflatat
the USD 1650/mt levels. CFR China prices were assessed steady at the USD 1680/mt levels.
CFR South East Asia prices were assessed flat at the USD 1695/mt levels. In the domestic
markets,SMpriceswereattheYuan12710/mtextankmark.
Firmerfeedstockbenzenecostscoupledwithworriesabouttighteningsuppliesinkeymarkets
like China together pushed higher prices of SM in Asia on May 20. FOB Korea prices of SM
were assessed up at the USD 1655/mt levels, a gain of USD 5/mt from May 17. CFR China
prices were assessed up at the USD 1685/mt levels. In the domestic markets of China, SM
priceswereassessedattheYuan12750/mtextanklevels.
Styrene Monomer (SM) prices climbed in Asia on May 21. Bullish upstream benzene and
ethylene prices supported sellers seeking to steer their spot SM offers higher. Also
contributing toward the increase were reports of tight product avails coupled with short

86

coveringactivitywitnessedintheregion.FOBKoreapricesofSMwereassessedupattheUSD
1665/mtlevels,adayondayriseofUSD10/mt.CFRChinapriceswereassessedupattheUSD
1695/mtlevels.InChina,thedomesticpriceofSMwasassessedhigherattheYuan12775/mt
extankmark.
Styrene Monomer (SM) prices climbed in Asia on May 22. Strength in upstream benzene and
ethylene rates triggered the price rise. Continued tight product avails coupled with short
covering activity witnessed in the region, supported the price rise. FOB Korea prices of SM
wereassessedupattheUSD1675/mtlevels,adayondayriseofUSD10/mt.CFRChinaprices
of SM were assessed higher at the USD 1705/mt levels. In China, domestic SM prices were
assessedattheYuan12775/mtlevels.
PricesofSMinAsiainchedloweronMay23.Pricesfellintandemwithsofterupstreamcrude
ratescoupledwithadropinfeedstockbenzenevalues.FOBKoreapricesofSMwereassessed
down at the USD 1670/mt levels, a day on day drop of USD 5/mt. CFR China prices were
assessed down at the USD 1700/mt levels. In the domestic markets of China, SM prices were
assessedattheYuan12740/mtextanklevels.
StyreneMonomer(SM)pricesinAsiafirmedduringweek4.Thepricerisewasonthebackofa
weekonweekriseinupstreambenzenevaluescoupledwithtightproductavailsintheregion.
On May 23, although prices declined on the day, SM was assessed at the USD 1670/mt FOB
Korea levels, a week on week gain of USD 20/mt. CFR China prices were assessed at the USD
1700/mt levels, a rise of USD 20/mt on the week. CFR South East Asia prices were assessed
higherattheUSD1710/mtlevels.InthedomesticmarketsofChina,SMpriceswereupatthe
Yuan12740/mtextankmark.
Styrene Monomer (SM) prices down adjusted on May 27 in Asia. Prices fell in tandem with
softerfeedstockbenzeneandethylenevalues.FOBKoreapricesofSMwereassesseddownat
the USD 1660/mt levels, a drop of USD 10/mt from May 23 assessed levels. CFR China prices
were assessed down at the USD 1690/mt levels. In the domestic markets of China, SM prices
wereattheYuan12700/mtextanklevels.
Despite a rise in upstream benzene rates, styrene monomer (SM) prices in Asia inched lower
onMay28.FOBKoreapricesofSMwereassesseddownattheUSD1655/mtFOBKorealevels,
a day on day fall of USD 5/mt. CFR China prices were assessed down at the USD 1685/mt
levels. In China's domestic markets, SM prices were assessed at the Yuan 12675/mt ex tank
mark.
StyreneMonomer(SM)pricesinAsiaedgedhigheronMay29.Thepricerisewassupportedby
firmer upstream benzene values. FOB Korea prices of SM were assessed up at the USD

87

1660/mtlevels,adayondaygainofUSD5/mt.CFRChinapriceswereassessedhigheratthe
USD1690/mtlevels.InthedomesticmarketsofChina,SMpriceswereassessedupattheYuan
12675/mtlevels.
Prices of SM in Asia inched lower on May 30. Prices fell in tandem with softer upstream
ethyleneandbenzenevaluescoupledwithdullbuyinginterestintheregion.FOBKoreaprices
of SM were assessed down at the USD 1655/mt levels, a drop of USD 5/mt on the day. CFR
ChinapriceswereassesseddownattheUSD1685/mtlevels.InthedomesticmarketsofChina,
SMpriceswereassessedlowerattheYuan12650/mtextanklevels.
StyreneMonomer(SM)pricesdriftedlowerinAsiaduringweek5.Thepricefallwasattributed
to weaker upstream ethylene and benzene rates coupled with dull buying activity in the
region. FOB Korea prices of SM were assessed down at the USD 1655/mt levels, a week on
week fall of USD 15/mt. CFR China prices were assessed lower at the USD 1685/mt levels, a
drop of USD 15/mt on the week. CFR South East Asia prices were assessed lower at the USD
1695/mtlevels,downUSD15/mtontheweek.Inthedomesticmarkets,SMpricesweredown
attheYuan12650/mtextankmark.

88

D1FeedstockStyreneMonomerPricesfor
May2013(USD/Tonne)@CNFIndia
Grade W5 W4 W3 W2 W1
May
13
Apr
13
Mar
13
Feb
13
Styrene
Monomer
1694 1689 1681 1663 1653 1676 1682 1701 1763
PriceMovementofStyreneMonomerduringFebruary2013to
May2013(USD/Tonne)
Grade
May13
Last4months(Feb13
May13)
High Low High Low
Styrene
Monomer
1700 1650 1770 1650
D1 Styrene Monomer Price Movement

D1 Styrene Monomer Price Chart & Graphical Trend

89

SouthEastAsiapriceswereassessedflatattheUSD350/mtlevels.VCMpricesinchedlowerin
partsofAsiaonthebackofweakerdownstreamPVCvalues.CFRSouthEastAsiapriceswere
assessed down at the USD 850/mt levels, a fall of USD 5/mt on the week. CFR Far East Asia
priceswereassessedunchangedattheUSD790/mtlevels.
EDC and VCM prices were assessed steady in Asia during week 2. This is despite firmer
feedstockethyleneanddownstreamPVCvalues.CFRFarEastAsiapricesofEDCwereassessed
flat at the USD 350/mt levels. CFR South East Asia prices of EDC were assessed steady at the
USD350/mtlevels.VCMpriceswerealsoassessedunchangedattheUSD790/mtCFRFarEast
AsialevelswhileCFRSouthEastAsiapriceswereassessedflatattheUSD850/mtlevels.
EDC and VCM prices were assessed mixed in Asia during week 3. CFR Far East Asia prices of
EDC were assessed down at the USD 345/mt levels, a drop of USD 5/mt. CFR South East Asia
prices of EDC were assessed steady at the USD 350/mt levels. VCM prices meanwhile were
assessed marginally higher at the USD 790/mt to USD 795/mt CFR Far East Asia levels while
CFRSouthEastAsiapriceswereassessedflatattheUSD850/mtlevels.
VCM prices firmed in Asia during week 4. The price rise was mainly on account of gains
recordedindownstreamPVCratescoupledwithtightproductavailsintheregion.CFRFarEast
Asia prices of VCM were assessed up at the USD 805/mt levels, a week on week rise of USD
10/mt. CFR South East Asia prices of VCM were assessed higher at the USD 860/mt levels, a
gainofUSD10/mt.Despitefirmerfeedstockethylenevalues,EDCpricesinAsiawereassessed
steady.CFRFarEastAsiapricesofEDCwereassessedflatattheUSD345/mtlevelswhileCFR
SouthEastAsiapricesofEDCwereunchangedattheUSD350/mtlevels.
Prices of EDC declined in Asia during week 5. The price fall was prompted by a drop in
feedstock ethylene values and improved product availability in the region. CFR Far East Asia
prices of EDC were assessed down at the USD 335/mt levels, a week on week fall of USD
10/mt.CFRSouthEastAsiapricesofEDCwereassessedlowerattheUSD340/mtlevels,adrop
of USD 10/mt on theweek. VCMprices meanwhile wereassessed up at the USD815/mt CFR
FarEastAsialevels,upUSD10/mt.CFRSouthEastAsiapricesofVCMwereassessedhigherat
the USD 870/mt levels. Prompting prices of VCM higher was bullish pricing undertone in
downstreamPVC.
D2 EDC/VCM Summary

90

D2FeedstockAverageWeeklyEDC/VCMPrices
May
13
Apr
13
Mar
13
Feb
13
FarEastAsiaCFR
EDC 343 345 348 350 350 347 366 402 391
VCM 807 798 792 790 790 795 813 909 925
SouthEastAsiaCFR
EDC 348 350 350 350 350 350 368 412 384
VCM 862 853 850 850 853 854 883 952 960
D2 EDC/VCM Price Chart & Graphical Trend

91

PriceMovementofEDC/VCMduringFebruary2013to
May2013(USD/Tonne)
Grade
May13
Last4months(Feb13
May13)
High Low High Low
EDC
FEAsia 350 335 405 335
SEAsia 350 340 415 340
VCM
FEAsia 815 790 945 790
SEAsia 870 850 980 850
D2 EDC/VCM Price Movement

92

Prices of purified terephthalic acid (PTA) on May 2 inched lower in Asia. The price fall was a
result of a drop in feedstock PX values. CFR China prices of PTA were assessed down at the
USD1025/mtlevels,adayondayfallofUSD5/mt.Inthelocalmarkets,PTApriceswerelower
attheYuan7710/mtlevels.AdeclineinfeedstockMEGvaluesalsosupportedthefallinspot
PTAprices.
DespiteweakerupstreamPXrates,PTApricesinAsiaclimbedduringweek1.CFRChinaprices
ofPTAwereassessedupattheUSD1040/mtlevels,aweekonweekriseofUSD10/mtwhile
CFR South East Asia prices were assessed higher at the USD 1045/mt. In the domestic China
markets, PTA prices were assessed up at the Yuan 7800/mt levels. In China, Sinopec has
nominated its PTA contract price for May at the Yuan 8200/mt levels. This price represents a
riseofYuan150/mtfromApril.
Prices of PTA on May 6 inched higher in Asia. Firmer fellow polyester feedstock MEG values
coupledwithhigherupstreamPXrates,wereseensupportingtheincreaseinspotPTAprices.
CFRChinapricesofPTAwereassessedupattheUSD1045/mtmark,againofUSD5/mtfrom
May 3 assessed levels. In China, domestic prices of PTA were higher at the Yuan 7850/mt
levels.
Pricesofpurifiedterephthalicacid(PTA)inchedlowerinAsiaonMay7.Supportingthefallin
PTA was a drop in feedstock PX values. CFR China prices of PTA were assessed down at the
USD1040/mtlevels,adayondayfallofUSD5/mt.Inthelocalmarkets,PTApricesweredown
Prices of PTA in Asia finished higher on May 9. Firmer upstream PX prices were seen
supporting the increase in spot PTA prices. CFR China prices of PTA were assessed up at the
USD1060/mtmark,adayondaygainofUSD15/mt.InChina,domesticpricesofPTAwereat
the Yuan 7850/mt levels. Bullish fellow polyester feedstock MEG values also supported the
pricerise.
A gain in Asian prices of PX supported a rise in spot prices of PTA during week 2. CFR China
pricesofPTAwereassessedupattheUSD1060/mtlevels,aweekonweekriseofUSD20/mt
while CFR South East Asia prices were assessed higher at the USD 1065/mt. In the domestic
China markets, PTA prices were assessed up at the Yuan 7850/mt levels. The price rise was
alsosupportedbyfirmerenergyvaluesandimproveddemandtrendsindownstreampolyester
markets.
D3 PTA Summary

93

Pricesofpurifiedterephthalicacid(PTA)inchedlowerinAsiaonMay14.Supportingthefallin
PTAwasadeclineinfeedstockPXvalues.CFRChinapricesofPTAwereassesseddownatthe
USD1055/mtlevels,adayondayfallofUSD5/mt.Inthelocalmarkets,PTApriceswerelower
Prices of purified terephthalic acid (PTA) inched lower in Asia during week 3. Supporting the
fallinPTAwasadropinfeedstockPXvalues.OnMay17,althoughpricesclimbedontheday,
PTAwasassessedattheUSD1055/mtCFRChinalevels,aweekonweekfallofUSD5/mt.CFR
SouthEastAsiapricesofPTAwereassessedlowerattheUSD1060/mtlevelswhileCFRIndia
prices were assessed down at the USD 1075/mt levels. In the local markets of China, PTA
priceswereattheYuan7810/mtlevels.
Weaker feedstock PX values pushed prices of purified terephthalic acid (PTA) lower in Asia
during week 4. CFR China prices of PTA were assessed down at the USD 1050/mt CFR China
levels,aweekonweekfallofUSD5/mt.CFRSouthEastAsiapricesofPTAwereassessedlower
at the USD 1055/mt levels while CFR India prices were assessed down at the USD 1070/mt
levels.InthelocalmarketsofChina,PTApriceswerelowerattheYuan7730/mtlevels.
PTA prices in Asia edged up on May 28. Price gains were prompted by a rise in upstream PX
values. CFR China prices of PTA were assessed up at the USD 1055/mt levels, a rise of USD
5/mt from May 27 assessed levels. In the domestic markets of China, prices of PTA were
assessedhigherattheYuan7770/mtlevels.
FirmerfeedstockPXvaluespushedPTApricesinAsiahigherduringweek5.CFRChinapricesof
PTAwereassessedupattheUSD1055/mtlevels,aweekonweekriseofUSD5/mtwhileCFR
South East Asia prices were assessed higher at the USD 1060/mt. In the domestic China
markets,PTApriceswereassessedattheYuan7800/mtlevels.

94

D3FeedstockAverageWeeklyPTAPricesforMay2013(USD/Tonne)
May
13
Apr
13
Mar
13
Feb
13
FarEastAsiaCFR
PTA 1053 1054 1054 1048 1035 1049 1042 1106 1192
SouthEastAsiaCFR
PTA 1058 1059 1059 1053 1040 1054 1047 1103 1187
PriceMovementofPTAduringFebruary2013toMay2013(USD/Tonne)
Grade
May13
Last4months(Feb13
May13)
High Low High Low
PTA
FEAsia 1060 1030 1205 1030
SEAsia 1065 1035 1200 1035
D3 PTA Price Chart & Graphical Trend
D3 PTA Price Movement

95

MEG prices in Asia inched lower on May 2. Prices slipped on the back of weaker fellow
polyester feedstock PTA rates. CFR China prices of MEG were assessed down at the USD
985/mtlevels,adayondaydropofUSD5/mt.InthedomesticmarketsofChina,MEGprices
weredownattheYuan7290/mtlevels.
MEG prices inched lower in Asia during week 1. Prices fell on the back of dull buying trends
and bearish downstream polyester demand sentiments. CFR China prices of MEG were
assessed at the USD 985/mt levels, a week on week fall of USD 5/mt. CFR South East Asia
prices of MEG were at the USD 985/mt levels, down USD 5/mt on the week. In the domestic
marketsofChina,localpricesofMEGwereattheYuan7340/mtlevels.InChina,Sinopechas
nominateditsMEGcontractpriceforMayattheYuan7600/mtlevels.Thispricerepresentsa
riseofYuan50/mtfromApril.
MEGpricesinAsiaonMay6firmed.Pricesclimbedonthebackofariseinfeedstockethylene
valuesandhigherpolyestercofeedstockPTArates.CFRChinapriceswereassessedupatthe
USD995/mtlevels,ariseofUSD10/mtfromMay3assessedlevel.InChina,domesticpricesof
MEGwereassessedhigherattheYuan7400/mtlevels.
MEGpricesinAsiaclimbedonMay8.Pricegainswerepromptedbyfirmerupstreamethylene
values.CFRChinapriceswereassessedupattheUSD1005/mtlevels,adayondayriseofUSD
10/mt. In China, domestic prices of MEG were assessed higher at the Yuan 7480/mt levels. A
gaininpolyestercofeedstockPTAratessupportedthepricerise.
MEGpricesclimbedinAsiaduringweek2.Thepricerisewasonthebackoffirmerfeedstock
ethylene values and higher polyester cofeedstock PTA rates. CFR China prices of MEG were
assessed up at the USD 1000/mt levels, a week on week gain of USD 15/mt. CFR South East
Asia prices of MEG were at the USD 1000/mt levels, up USD 15/mt on the week. In the
domesticmarketsofChina,localpricesofMEGwerehigherattheYuan7500/mtlevels.
MEGpricesinAsiadroppedonMay15.Pricesfellonthebackofadeclineinfellowpolyester
feedstockPTArates.CFRChinapricesofMEGwereassesseddownattheUSD1000/mtlevels,
a drop of USD 5/mt on the day. In the domestic markets of China, MEG prices were lower at
theYuan7380/mtlevels.
MEGpricesinchedhigherinAsiaduringweek3.Thepricerisewasresultofhigherfeedstock
ethylene values. Firmer polyester cofeedstock PTA rates supported the price rise. CFR China
pricesofMEGwereassessedupattheUSD1005/mtlevels,aweekonweekgainofUSD5/mt.
D4 MEG Summary

96

CFR South East Asia prices of MEG were at the USD 1005/mt levels, up USD 5/mt. In the
domesticmarketsofChina,localpricesofMEGwereattheYuan7440/mtlevels.
MEG prices in Asia edged lower on May 20. Prices declined on the back of a fall in energy
values and softer fellow polyester feedstock PTA prices. CFR China prices of MEG were
assesseddownattheUSD1000/mtlevels,adropofUSD5/mtfromMay17assessedlevels.In
thedomesticmarketsofChina,MEGpriceswereattheYuan7440/mtlevels.
MEG prices edged lower in Asia during week 4. The price drop was a result of dull regional
buying sentiments. Also contributing toward the price fall were reports of a large inventory
build of MEG in key markets like China. CFR China prices of MEG were assessed down at the
USD995/mtlevels,aweekonweekfallofUSD10/mt.CFRSouthEastAsiapricesofMEGwere
attheUSD1000/mtlevels,afallofUSD5/mtontheweek.InthedomesticmarketsofChina,
localpricesofMEGwerelowerattheYuan7410/mtlevels.
MEG prices in Asia dropped on May 27. Prices slipped on the back of a fall in feedstock
ethylenevalues.CFRChinapricesofMEGwereassesseddownattheUSD980/mtlevels,afall
of USD 15/mt from May 23 assessed level. In the domestic markets of China, local prices of
MEGwerelowerattheYuan7350/mtlevels.
MEG prices in Asia slipped on May 30. Weaker feedstock ethylene rates supported the price
fall.CFRChinapricesofMEGwereassesseddownattheUSD965/mtlevels,adayondaydrop
ofUSD20/mt.InthedomesticmarketsofChina,MEGpricesweredownattheYuan7130/mt
levels.
MEG prices were hammered lower in Asia during week 5. The price drop was attributed to
weaker feedstock ethylene values. Bearish downstream polyester demand sentiments in the
regionfurthersupportedthepricedrop.CFRChinapricesofMEGwereassesseddownatthe
USD 955/mt levels, a tumble of USD 40/mt on the week. CFR South East Asia prices of MEG
wereattheUSD960/mtlevels,asteepdropofUSD40/mt.InthedomesticmarketsofChina,
localpricesofMEGwerelowerattheYuan7060/mtlevels.

97

D4FeedstockAverageWeeklyMEGPrices@CNFIndiabasisfor
May2013(USD/Tonne)
May
13
Apr
13
Mar
13
Feb
13
MEG 984 1000 1003 997 988 994 999 1031 1166
PriceMovementofMEGduringFebruary2013to
May2013(USD/Tonne)
Grade
May13
Last4months(Feb13
May13)
High Low High Low
MEG 1005 960 1190 960
D4 MEG Price Movement

D4 MEG Price Chart & Graphical Trend

98

Despite firmer feedstock propylene rates, prices of acrylonitrile (ACN) drifted lower in Asia
during week 1. The price fall was on account of dull buying sentiments in the region. CFR Far
EastAsiapricesofACNwereassesseddownattheUSD1740/mtlevels,adropofUSD10/mt
ontheweek.CFRSouthEastAsiapriceswereassessedattheUSD1730/mtlevels,aweekon
weekfallofUSD30/mt.CFRSouthAsiapricesofACNwereassesseddownattheUSD1730/mt
levels,adeclineofUSD25/mtontheweek.
Acrylonitrile(ACN)pricesdriftedlowerinAsiaduringweek2.Pricesfellonthebackofbearish
regional buying sentiments. CFR Far East Asia prices of ACN were assessed down at the USD
1730/mtlevels,aweekonweekfallofUSD10/mt.CFRSouthEastAsiapriceswereassessedat
theUSD1720/mtlevels,adropofUSD10/mtontheweek.CFRSouthAsiapricesofACNwere
assesseddownattheUSD1720/mtlevels,afallofUSD10/mt.InChina,domesticpriceswere
assessedlowerattheYuan12600/mtlevels.
Despite a rise in feedstock propylene rates, acrylonitrile (ACN) prices declined in Asia during
week 3. The price fall was a result of sluggish demand sentiments in the region. CFR Far East
AsiapricesofACNwereassesseddownattheUSD1715/mtlevels,aweekonweekfallofUSD
15/mt. CFR South East Asia prices were assessed at the USD 1705/mt levels, a drop of USD
15/mt.CFRSouthAsiapricesofACNwereassesseddownattheUSD1705/mtlevels,afallof
USD15/mtontheweek.InChina,domesticpriceswereassessedlowerattheYuan12300/mt
levels.
Despiteaweekonweekriseinfeedstockpropylenevalues,pricesofacrylonitrile(ACN)were
assessed steady in Asia during week 4. CFR Far East Asia prices of ACN were assessed flat at
the USD 1715/mt levels. CFR South East Asia prices were assessed unchanged at the USD
1705/mtlevels.CFRSouthAsiapricesofACNwereassessedsteadyattheUSD1705/mtlevels.
InChina,domesticpriceswereassessedattheYuan12300/mtlevels.
Acrylonitrile(ACN)pricesinchedhigherinAsiaduringweek5.Thepricerisewasattributedto
firmer upstream propylene values. CFR Far East Asia prices of ACN were assessed up at the
USD 1720/mt levels, a week on week gain of USD 5/mt. CFR South East Asia prices were
assessedhigherattheUSD1710/mtlevels.CFRSouthAsiapricesofACNwereassessedupat
theUSD1710/mtlevels.InChina,domesticpriceswereassessedhigherattheYuan12500/mt
levels.Tightproductavailsintheregionsupportedthepricerise.
E. Intermediates
E1 Acrylonitrile (ACN) Summary

99

E1IntermediatesAverageWeeklyAcrylonitrilePricesforMay2013(USD/Tonne)
May
13
Apr
13
Mar
13
Feb
13
FarEastAsiaCFR
ACN 1718 1715 1720 1733 1740 1725 1794 1993 2002
SouthEastAsiaCFR
ACN 1708 1705 1710 1723 1730 1715 1804 1995 2004
PriceMovementofACNduringFebruary2013toMay2013(USD/Tonne)
Petrochemical
Intermediates
High Low High Low
ACN
FEAsia 1740 1715 2025 1715
SEAsia 1730 1705 2025 1705
E1 Acrylonitrile (ACN) Price Movement
E1 Acrylonitrile (ACN) Price Chart & Graphical Trend

100

DOP prices in Asia during week 1 inched lower. Prices slipped on the back of a decline in
upstream PA values coupled with very sluggish regional demand trends. CFR China prices of
DOP were assessed down at the USD 1690/mt levels, a fall of USD 5/mt. Domestic prices of
DOP in China were assessed lower at the Yuan 12200/mt mark. CFR South East Asia prices
wereassesseddownattheUSD1750/mtlevels.
DOP prices dropped in Asia during week 2. Supporting the price fall were weaker upstream
2EH and PA values and sluggish demand trends in the region. CFR China prices of DOP were
assesseddownattheUSD1675/mtlevels,afallofUSD15/mtontheweek.Domesticpricesof
DOP in China were assessed lower at the Yuan 11900/mt mark. CFR South East Asia prices
wereassesseddownattheUSD1735/mtlevels.
DOP prices were hammered lower in Asia during week 3. Prices slipped as regional demand
remainedsluggishontheonehandwhileontheother,upstream2EHandPApricesdeclined.
CFR China prices of DOP were assessed down at the USD 1625/mt levels, a tumble of USD
50/mtontheweek.CFRSouthEastAsiapriceswereassesseddownattheUSD1700/mtlevels,
a sharp week on week drop of USD 35/mt. Domestic prices of DOP in China were assessed
lowerattheYuan11600/mtmark.
DOP prices finished lower in parts of Asia during week 4. CFR South East Asia prices were
assesseddownattheUSD1680/mtlevels,adropofUSD 20/mtontheweek.Supportingthe
pricefallwereweakerupstream2EHandPAvaluesandsluggishdemandtrendsintheregion.
CFRChinapricesofDOPwereassessedunchangedattheUSD1625/mtlevels.Domesticprices
ofDOPinChinawereassessedattheYuan11500/mtmark.
DOPpricesdeclinedinAsiaduringweek5.Pricesslippedonthebackofadeclineinupstream
PAand2EHvaluescoupledwithveryweakregionaldemandtrends.CFRSouthEastAsiaprices
wereassesseddownattheUSD1615/mtlevels,adropofUSD10/mtontheweek.CFRChina
prices of DOP were assessed lower at the USD 1670/mt levels, a fall of USD 10/mt. Domestic
pricesofDOPinChinawereassessedattheYuan11600/mtmark.
E2 DOP Summary

101

E2IntermediatesAverageWeeklyDOPPricesforMay2013(USD/Tonne)
May
13
Apr
13
Mar
13
Feb
13
FarEastAsiaCFR
DOP 1623 1625 1658 1685 1693 1657 1703 1737 1772
SouthEastAsiaCFR
DOP 1678 1693 1723 1745 1753 1718 1763 1779 1802
PriceMovementofDOPduringFebruary2013toMay2013(USD/Tonne)
Petrochemical
Intermediates
May13
Last4months(Feb13
May13)
High Low High Low
DOP
FEAsia 1695 1615 1780 1615
SEAsia 1755 1670 1810 1670
E2 DOP Price Chart & Graphical Trends
E2 DOP Price Movement

102

Despite sluggish buying sentiments in the region, prices of 2EH were assessed flat in Asia
duringweek1.CFRChinapricesof2EHwereassessedflatfromattheUSD1490/mtlevels.In
South East Asia, prices of 2EH were assessed unchanged at the USD 1510/mt CFR levels. In
China,domesticpricesof2EHwereassessedattheYuan11700/mtmark.
Prices of 2EH slipped during week 2 in Asia. Prices fell on the back of subdued buying
sentiments widespread across the Asian region. Supporting the price fall was a decline in
downstream DOP rates. CFR China prices of 2EH were assessed down at the USD 1475/mt
levels, a week on week fall of USD 15/mt. In South East Asia, prices of 2EH were assessed
lowerattheUSD1495/mtCFRlevels.InChina,domesticpricesof2EHwereassesseddownat
theYuan11100/mtmark.
Pricesof2EHtumbledduringweek3inAsia.Thepricefallwasonaccountofasteepdeclinein
pricesofdownstreamDOPandsluggishregionalbuyinginterest.CFRChinapricesof2EHwere
assesseddownattheUSD1425/mtlevels,aplungeofUSD50/mt.InSouthEastAsia,pricesof
2EHwereassessedlowerattheUSD1445/mtCFRlevels,atumbleofUSD50/mtontheweek.
InChina,domesticpricesof2EHwereassesseddownattheYuan10500/mtmark.
Prices of 2EH declined in Asia during week 4. The price fall was attributed to ample product
avails on one hand and subdued buying sentiments in the region, on the other. CFR China
pricesof2EHwereassesseddownattheUSD1415/mtlevels,afallofUSD10/mtontheweek.
InSouthEastAsia,pricesof2EHwereassessedlowerattheUSD1435/mtCFRlevels,aweek
on week drop of USD 10/mt. In China, domestic prices of 2EH were assessed at the Yuan
10500/mtmark.
Prices of 2EH plunged in Asia during week 5. The price fall was on account of softer
downstream DOP values and sluggish regional buying interest. CFR China prices of 2EH were
assesseddownattheUSD1385/mtlevels,atumbleofUSD30/mtontheweek.InSouthEast
Asia,pricesof2EHwereassessedlowerattheUSD1405/mtCFRlevels,aweekonweekdrop
ofUSD30/mt.InChina,domesticpricesof2EHwereassessedattheYuan10600/mtmark.
E3 2EH Summary

103

E3IntermediatesAverageweekly2EHPricesforMay2013(USD/Tonne)
May
13
Apr
13
Mar
13
Feb
13
FarEastAsiaCFR
2EH 1409 1422 1458 1485 1490 1453 1511 1565 1600
SouthEastAsiaCFR
2EH 1429 1442 1478 1505 1510 1473 1531 1585 1620
PriceMovementof2EHduringFebruary2013toMay2013(USD/Tonne)
Petrochemical
Intermediates
High Low High Low
2EH
FEAsia 1490 1385 1610 1385
SEAsia 1510 1405 1630 1405
E3 2EH Price Chart & Graphical Trend
E3 2EH Price Movement

104

OnMay1,themarketwasshutonaccountofaholiday.
SomebuyingactionwasobservedonMay2intheopenmarketsofMumbai.
AdullbuyingmoodwasobservedintheopenmarketsofMumbaionMay3.
Thebuyingpulseremainedverysoftthroughouttheweek1intheopenmarketsofMumbai.
Adullbuyingmoodwasrecordedatthestartoftheweek2intheopenmarketsofMumbai.
AslowbuyingmoodwasrecordedintheopenmarketsofMumbaionMay7.
ThebuyingmoodwasveryslowintheopenmarketsofMumbaionMay8.
SomebuyinginquirywasrecordedintheopenmarketsofMumbaionMay10.
Some buying action was observed towards the weekend in the open markets of Mumbai on
May11.
SteadybuyingenquirywasrecordedintheopenmarketsofMumbaionMay13.
AverydullbuyingmoodcontinuedtoprevailintheopenmarketsofMumbaionMay14and
15.
BuyingactivityremainedverysoftonMay16intheopenmarketsofMumbai.
OnMay17,buyingactivityremainedveryquiteintheopenmarketsofMumbai.
AdullbuyingmoodwasobservedonMay20intheopenmarketsofMumbai.
An extremely dull buying momentum was observed on May 21 in the open markets of
Mumbai.
BuyingactivityremainedweakonMay22intheopenmarketsofMumbai.
AsluggishbuyingmoodwasobservedintheopenmarketsofMumbaionMay23and24.
F1 Indian Polymers Market Summary
F. Indian Polymers

105

AverydullbuyingmoodcontinuedtoprevailintheopenmarketsofMumbaithroughoutthe
week5.
PriceMovementofLLDPEinIndianPolymermarketforMay2013(Rs./Kg)
LLDPE
May13
Last4months(Feb'13
May'13)
High Low High Low
Film 91.26 87.26 91.26 87.26
Roto
Moulding
93.46 89.46 93.46 89.46
Injection
Moulding
97.26 94.26 97.26 94.26
Extrusion
Coating
93.76 89.76 93.76 89.76
PriceMovementofLDPEinIndianPolymermarketforMay2013(Rs./Kg)
(Note:LDPEpricesareexBhivandi,inclusiveofexciseduty)
LDPE
May13
Last4months(Feb'13
May'13)
High Low High Low
General
Purpose
106.58 100.97 106.58 100.97
HeavyDuty 108.28 101.94 108.28 101.94
MilkPouch 111.51 105.89 111.51 105.89
Injection
Moulding
111.54 105.92 111.54 105.89
Lamination 113.73 108.11 113.73 107.55
F2 Indian Polymers Price Movement

106

PriceMovementofHDPEinIndianPolymermarketforMay2013(Rs./Kg)
HDPE
May13
Last4months(Feb'13
May'13)
High Low High Low
Raffia 92.36 90.36 94.36 90.36
Film 86.96 84.96 88.96 84.96
Injection
Moulding
90.86 88.86 92.86 88.86
Blow
Moulding
87.76 85.76 89.76 85.76
PriceMovementofPPinIndianPolymermarketforMay2013(Rs./Kg)
PP
May13
Last4months(Feb'13
May'13)
High Low High Low
Raffia 96.75 91.25 99.70 91.25
Injection
Moulding
91.93 86.43 94.90 86.43
TQFilm 93.13 87.63 96.10 87.63
Block
Copolymer
94.03 88.53 96.50 88.53
Random
Copolymer
95.55 90.05 98.00 90.05
BOPP 93.74 88.24 96.70 88.24
PriceMovementofPVCinIndianPolymermarketforMay2013(Rs./Kg)
PVC
May13
Last4months(Feb'13
May'13)
High Low High Low
Suspension 63.50 60.50 65.50 60.50

107

PriceMovementofPSinIndianPolymermarketforMay2013(Rs./Kg)
PS
May13
Last4months(Feb'13
May'13)
High Low High Low
GPPS 112.00 112.00 115.00 112.00
HIPS 118.00 118.00 122.00 118.00
PriceMovementofABSinIndianPolymermarketforMay2013(Rs./Kg)
ABS
May13
Last4months(Feb'13
May'13)
High Low High Low
ABS 123.97 123.97 133.97 123.97
PriceMovementofPETinIndianPolymermarketforMay2013(Rs./Kg)
PET
May13
Last4months(Feb'13
May'13)
High Low High Low
Bottle 103.00 103.00 108.50 103.00

108

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Copyright19992013.ShalimarInfotechPvt.Ltd.
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POLYMERUPDATE - Asian Petrochemical

Monthly Price Watch Report

Crude Oil Price Movement

NymexCrude DatedBrent WTICushing

Naphtha Graphical Trend

A.1 LLDPE Price Chart & Graphical Trend

A.1 LLDPE Price Movement

A.2 LDPE Price Chart & Graphical Trend

A.2 LDPE Price Movement

A.4 PP Price Chart & Graphical Trend

A.4 PP Price Movement A.4 PP Price Movement

A.5 - Polyvinyl Chloride (PVC) Price Chart & Graphical Trend

A.6 Polystyrene (PS) Price Chart & Graphical Trend

A.6 Polystyrene (PS) Price Movement

A.7 ABS Summary

A.7 ABS Price Chart & Graphical Trend

A.7 ABS Price Movement

B1 Benzene Price Chart & Graphical Trend

B1 Benzene Price Movement

B2 Toluene Price Chart & Graphical Trend

FOBKorea 1155 1130 1320 1095

B2 Toluene Price Movement

B3 Xylene Price Chart & Graphical Trend

FOBKorea 1440 1390 1600 1390

FOBKorea 1425 1370 1710 1370

FOBKorea 1120 1090 1235 1090

FOBKorea 1215 1165 1390 1120

B4 Methanol Price Chart & Graphical Trend

CFRIndia 355 340 355 300

B4 Methanol Price Movement

C1 Butadiene Price Chart & Graphical Trend

Japan 1470 1430 2095 1395

China 1485 1445 2100 1395

C1 Butadiene Price Movement

C2 Ethylene Price Chart & Graphical Trends

Japan 1135 1065 1355 1065

C2 Ethylene Price Movement

C3 Propylene Price Chart & Graphical Trend

Japan 1280 1220 1365 1210

C3 Propylene Price Movement

D1 Styrene Monomer Price Movement

D2 EDC/VCM Price Chart & Graphical Trend

D2 EDC/VCM Price Movement

D4 MEG Price Movement

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