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Asian petrochemicals tumble to multi-year lows as crude plunges on demand woes A Platts.com News and Data Feature

October, 2014

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Asian petrochemical prices drop

"Fundamentals in the Asian ethylene market have been changing quickly. The market is getting heavy"

Our recent Platts.com News Feature examines Asian

petrochemical prices and how they have dropped

sharply amid tumbling crude values

This News & Data Feature includes commentary on:

• Asian petrochemicals tumble to multi-year lows as crude plunges on demand woes

• Aromatics: px near 4-year low, benzene at 27-month low

• Gasoline blendstocks: mtbe tumbles to 47-month low

• Monoethylene glycol prices at more than 4-year low, propylene at 18-month low

• Ethylene falls but margins still strong

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Asian petrochemical prices drop

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Asian petrochemical prices drop

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Asian petrochemical prices drop

ASIAN PETROCHEMICALS TUMBLE TO MULTI-YEAR LOWS AS CRUDE PLUNGES ON DEMAND WOES

Asian petrochemical prices have dropped sharply amid tumbling crude values due to concerns about global growth and demand, Platts data showed October 16.

Overnight in the US, Front-month NYMEX crude settled down 6 cents at $81.78/b on October 15 -- a level last seen in mid-2012 -- while ICE November Brent ended down $1.26 at $83.78/b, almost a four-year low.

Asian paraxylene fell $16/mt day on day to be assessed at $1,066.50/mt CFR Taiwan/China October 15 -- a near four-year low -- on bearish crude as well as continued weak demand. It had risen $4/mt day on day October 14 after successive declines since late September. The CFR Taiwan/China marker was last assessed any lower on October 1, 2010, at $1,065/mt, data showed.

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Asian petrochemical prices drop

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Asian petrochemical prices drop

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Asian petrochemical prices drop