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On 11 Apr 2020 at 08:30
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Ethylene prices collapsed in Asia, this week. Prices plunged, as demand trends across the Asian regions continued to remain bearish coupled with sluggish downstream PE demand and pricing trends. Reports of sufficient product avails, further supported the........
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On 11 Apr 2020 at 08:30
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Pinghu Petrochemical, has brought on-stream its acrylic acid (AA) unit following an unplanned maintenance.A Polymerupdate source in China informed that, the company resumed operations at the unit on April 2, 2020. The unit was shut on February 15,........
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On 10 Apr 2020 at 08:30
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On Thursday, propylene prices were assessed higher in Asia. The price rise was supported by bullish upstream crude values, coupled with persistent gains recorded in downstream PP futures on the Dalian Commodity Exchange in China. FOB Korea propylene prices........
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On 10 Apr 2020 at 08:10
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Hyundai Oilbank, has shut its one crude distillation (CDU) unit, a residual desulphuriser and a fluid catalytic cracker (FCC) unit at its Daesan refinery for a maintenance turnaround.A Polymerupdate source in South Korea informed that, the company started........
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On 09 Apr 2020 at 08:30
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On Wednesday, despite bearish upstream crude and naphtha values on Tuesday, propylene prices witnessed a rise in Asia. The price rise was supported by strong buying sentiments witnessed in China and firmer downstream PP futures on the Dalian Commodity........
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On 09 Apr 2020 at 05:50
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Oriental Energy, has restarted its No. 1 propane dehydrogenation (PDH) plant following a planned outage.A Polymerupdate source in China informed that, the company resumed operations at the plant on April 3, 2020, The plant remained under maintenance for about........
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On 08 Apr 2020 at 17:45
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Let's start with energy and feedstock news:Crude oil prices plunged on Tuesday, as the American Petroleum Institute (API) reported a larger than expected crude oil inventory build. Also, mounting uncertainties over the supply production cut ahead of the OPEC+........
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On 08 Apr 2020 at 08:30
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On Tuesday, stronger upstream crude values and a surge in benzene feedstock rates, pushed Syrenemonomer (SM) prices higher in Asia. FOB Korea SM prices were assessed at the UDS 565/mt levels, a rise of USD 10/mt from Monday's assessed levels.CFR China prices........
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On 08 Apr 2020 at 08:20
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CNOOC and Shell Petrochemicals Company Limited (CSPC), has taken off-stream its No. 2 naphtha cracker.A Polymerupdate source in China informed that, the company has commenced turnaround at the cracker on April 7, 2020. The cracker is slated to remain off-line........
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On 07 Apr 2020 at 17:45
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Let's start with energy news:Crude oil prices declined sharply on Monday, amidst an uncertainty for oil production cuts, as the OPEC and its allies including Russia postponed their meeting to discuss on oil output cuts that could support in reducing the........
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On 07 Apr 2020 at 08:30
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Styrene monomer (SM) prices climbed higher in Asia on Monday. The price rise was prompted by a sharp gain in upstream benzene values and improved buying inquiries in the region.FOB Korea SM prices were assessed up at the USD 555/mt levels, a gain of USD........
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On 06 Apr 2020 at 17:15
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Let's start with energy and feedstock news:Crude oil prices surged last Friday, on rising hopes for a deal between Russia and Saudi Arabia, to slash down the global crude oil supply. Brent futures spiked by USD 4.17 settling at $34.11 per barrel, while WTI........
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On 06 Apr 2020 at 08:30
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Last week, butadiene prices plunged in Asia. The steep price fall was triggered by plentiful product availability and sluggish demand trends across the Asian regions.Bearish downstream ABS demand and pricing trends, further pressured prices lower.On Friday,........
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On 06 Apr 2020 at 06:00
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Abel Chemical, is in plans to bring on-stream its styrene monomer (SM) plant in Jiangsu province.A Polymerupdate source in China informed that, the company is likely to resume operations at the plant by mid-April, 2020. The plant was shut for maintenance on........
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On 04 Apr 2020 at 09:30
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This week, propylene prices witnessed a steep drop in Asia. Price tumbled, as buying momentum was extremely sluggish, owing to lockdown in major Asian countries, owing to the widespread COVID-19 pandemic.Persistent lackluster downstream PP demand and pricing........
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On 04 Apr 2020 at 08:40
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Chang Chun Petrochemicals, is presently operating its phenol-acetone plant at around 80% of production capacity levels.A Polymerupdate source in China informed that, the company has reduced run rates at the plant on April 1, 2020. The reason behind the........
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On 03 Apr 2020 at 17:30
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Let's start with energy and feedstock news:Crude oil prices soared over 20% on Thursday, the biggest one-day recorded rally, after the U.S. President Donald Trump stated to be expecting both Saudi Arabia and Russia to conclude onto a deal soon to bring an end........
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On 03 Apr 2020 at 08:40
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Oriental Union Chemical Corp (OUCC), has restarted its Monoethylene glycol (MEG) unit following a turnaround.A Polymerupdate source in Taiwan informed that, the company resumed operations at the unit on April 1, 2020. The unit was shut for maintenance in........
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On 03 Apr 2020 at 08:30
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On Thursday, Ethylene prices drifted lower lower in Asia. The sharp price fall was on the back of sluggish buying sentiments, coupled with continued bearish downstream PE demand and pricing trends.CFR North East Asia ethylene prices were assessed at the USD........
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On 02 Apr 2020 at 18:00
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Let’s start with energy and feedstock news:Crude oil prices retreated on Wednesday, following a bigger-than-expected rise in the U.S. crude oil inventories. The broadening conflict within OPEC and its allies concerning an oversupply of crude oil, further........
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On 02 Apr 2020 at 08:30
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On Wednesday, propylene prices witnessed a sharp fall in Asia. Prices tumbled, mainly on account of continued bearish regional buying trends, coupled with weaker upstream crude and naphtha values.A plunge in downstream PP rates, further supported the price........
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On 02 Apr 2020 at 08:20
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Hangjin Technology Co, has undertaken an unplanned shutdown at its propylene oxide (PO) unit.A Polymerupdate source in China informed that, the company halted operations at the unit on April 1, 2020. The exact duration of the outage could not be........
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On 01 Apr 2020 at 17:15
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Let’s start with energy and feedstock news:Crude futures displayed a mixed undertone on Tuesday. WTI futures rose, after China on Tuesday reported a strong manufacturing data. Brent crude prices inched lower, as the API on Tuesday reported a crude oil........
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On 01 Apr 2020 at 08:40
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Ningbo Zhenyang, has taken off-stream its methyl isobutyl ketone (MIBK) plant.A polymerupdate source in China informed that, the company has recently halted operations at the plant owing to weak economic fundamentals. The exact duration of the shutdown could........
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On 01 Apr 2020 at 08:30
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Ethylene prices witnessed a drop in Asia, on Tuesday. The price fall was triggered by dampened demand trends in the region, coupled with bearish upstream crude and naphtha values. Persistent weaker downstream PE demand and pricing trends, further supported........
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On 31 Mar 2020 at 18:00
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Let's start with energy and feedstock news:Crude oil prices crashed on Monday to the lowest recorded levels in 18 years, as the COVID-19 pandemic continues to cripple the fuel and energy demand globally. Also, no signs of optimism from Saudi Arabia to step........
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On 31 Mar 2020 at 08:40
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Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC), has shut its Toluene diisocyanate (TDI) units at Bharuch & Dahej.A Polymerupdate source in India informed that, the company has halted operations at the units last week owing to a nation-wide lockdown........
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On 31 Mar 2020 at 08:30
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A steep fall in upstream crude and naphtha values, coupled with continued poor demand trends across the Asian regions, owing to the wide spreading Coronavirus, forced propylene sellers to reduce their prices lower. Weaker downstream PP demand and pricing........
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On 30 Mar 2020 at 17:30
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Let's start with energy and feedstock news:Crude oil prices slumped last Friday, as the travel restrictions and lockdowns levied by the governments globally to contain spread of the COVID-19 snapped the crude oil demand, leaving the market with surplus amount........
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On 30 Mar 2020 at 08:30
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Benzene prices in Asia collapsed, last week. The steep price fall was on the back of a plunge in upstream energy and downstream SM rates.Sluggish demand trends and weak global cues, further supported the price drop.FOB Korea benzene prices were assessed lower........
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