باقة حديثة من أخبار البتروكيمياويات

[الجبل]

EUROPE'S PE PRODUCERS PREPARE THEIR CUSTOMERS FOR FEBRUARY PRICE HIKES



Europe’s PE markets were fired up last week as sellers armed themselves with incidents involving firm energy numbers, up adjustments in offers of ethylene feedstock and an overall lift in demand for PE across Europe as reasons enough to justify their efforts to take their February prices higher.



LDPE prices are likely to end the month at least Euro 50/mt above levels seen last month with some sellers even targeting hikes of Euro 75/mt. Bids are ample in HDPE and LLDPE too indicating plenty of buying interest as those with low stocks are coming forward to replenish these quickly, in anticipation of firmer numbers next month.



In production news, SABIC Europe lowered operations at it’s 350 kt/annum swing LL/HDPE plant located at Gelsenkirchen, Germany by about 25% following an outage at its Geleen cracker in the Netherlands. Although the outage only lasted four days it did have a bullish impact on market outlook and has helped revive buying interest in the region.



End of year efforts to de-stock have also resulted in low HDPE and LLDPE inventories with several European converters and here too sellers are taking advantage of the situation and targeting firm offer prices for the month end with a clear message of a further upward hike for February.

[الجبل]

PP SELLERS IN EUROPE PROCEED WITH PLANNED PRICE HIKES





PP markets looked to support sellers in their quest to revise upward their contract offer prices with select producers already alerting their customers regarding a mid January increase.





Local sellers have confirmed steady actual user PP demand this month. A late December need to maintain low year end stocks has seen inventories diminish hence the return of purchase interest across most parts of Europe. Moreover, since upstream prices of energy and spot propylene are pegged firm globally, there is support seen extended to an overall increase in both spot and contract PP prices. While some sellers have confirmed hikes of Euro 30/mt over December levels others claim to have successfully revised their offers upward by Euro 50/mt.





In production news meanwhile a 600 kt/annum PP plant at Geleen, the Netherlands, has been operating at reduced rates due to trouble at SABIC Europe’s 675 kt/annum Geleen cracker. The problem at the SABIC cracker however has been resolved.

[الجبل]

BUYERS AND SELLERS OF PVC IN EUROPE DIVIDED IN THEIR OPINION REGARDING PRICING DIRECTION

Market opinion in Europe’s PVC sector through last week was divided right down the middle with buyers still pressing for January price reductions over December numbers while sellers brushed off these efforts as irrational, insisting that market fundamentals globally had improved and that nothing short of a price roll over would be acceptable. A majority of sellers however pursued rate hikes refusing to accept a handful of buyer claims of successfully concluding deals at a discount of up to Euro 30/mt over December values.

While the early part of January did witness sluggish demand, the outlook has improved and given the several planned VCM shutdowns due to begin across Europe early in the second quarter, buying in the region is expected to begin to lift. There are reports of some open market discounts cited in select parts of Europe like Germany, however the general undercurrent for now is steady and will likely witness an upward push.



Spot PVC prices are pegged at the Euro 800/mt to Euro 820/mt FD North West Europe levels with a few trades heard done at below the Euro 800/mt mark. However since these trades do not represent the general market dealings they would be best described as ‘isolated' and 'one off' deals.



Contract prices meanwhile continue to remain pegged firm at the Euro 930/mt to Euro 950/mt FD North West Europe mark with bullish upstream product prices of ethylene, EDC and VCM helping producers defend their PVC offers.

[الجبل]

EUROPEAN PET MAKERS LOOKING TO SHARPLY HIKE THEIR FEBRUARY OFFERS





PET prices in Europe were pegged flat through last week however sellers were seen ambitious in their outlook, citing rising upstream product costs as reason enough to warrant an immediate upward revision in offers. Weak production margins were yet another reason for PET makers to pursue rate increases although resistance from buyers toward any up adjustment appeared inevitable.





There is demand for spot purchases at levels near the Euro 1000/mt mark however any upward revisions sees buyer resistance build commdensurately. December was a dull month and muted buying was clearly reflected in low PET offer prices. However with buying lifting and with upstream product costs on the rise, producers are looking for a minimum price hike of Euro 100/mt with immediate effect, failing which they claim the squeezed output margins will eat into their operations.





Were they not to increase PET offer prices the only other choice would be to reduce production. Meanwhile there is a flow of export orders to the Middle East which in turn is helping sellers of PET maintain their offers firm at above the USD 1100/mt FOB levels, supported by strong upstream PTA and MEG feedstock costs.

[الجبل]

ABS BUYING IN EUROPE IMPROVES, ALLOWING SELLERS TO PROGRESS WITH THEIR REVISED OFFERS



Europe’s ABS markets last week witnessed a boost in both contract and spot prices on the back of gains in upstream energy prices coupled with a rise in ACN, butadiene and SM feedstock costs. A convincing lift in regional demand further helped support sellers in their efforts to take their offers for ABS higher.





In an effort to minimize stocks buyers stayed away from purchasing ABS last month and now need to replenish low inventories. Seeing prices gain last week about Euro 50/mt across the board as compared to December price levels, they have moved forward with purchases for both prompt January deliveries as well as for next month as fundamentals appear to be secure for now.





Spot prices are pegged at the Euro 1500/mt levels however some are currently negotiating a purchase at the USD 1480/mt FD North West Europe.

[الجبل]

تعليق على بعض ماجاء في هذه الاخبار وكيف الاستفادة منها


اغلب هذه الاخبار تتحدث عن خطط لرفع اسعار هذه المنتجات خلال شهر 2
من هذا العام .

وهذا يعني للمستثمر ان يضع خطة واضحة للاستثمار في مثل هذه الشركات
انتظارا لارباح الربع الاول وهذا يعني استغلال اي فرصة هبوط في لاسعار
والشراء على شكل مراحل ويفضل عدم البدء بالشراء الا بعد انتهاء موسم
اعلان الارباح .

وجهة نظر قابلة للخطأ ونرحب بأي تصحيح لهذه الفكرة


مع تحيات اخوكم الجبل

[الجبل]

هذه بعض اخبار البتروكيمياويات في اسيا

LLDPE OFFERS IN ASIA FOR FEBRUARY INCH HIGHER TO THE USD 1150/MT CFR LEVELS





Across Asia’s LLDPE markets this week prices were seen boosted in line with surging upstream ethylene numbers, a tangible lift in regional demand and a united effort by sellers to take their offer prices higher. Offers from sellers in Taiwan were heard bolstered to levels near the USD 1150/mt CFR mark for February although no trade was heard concluded at these levels.





Interest currently is mainly for prompt deals and there is hesitation in confirming February purchases at the higher price levels. However at the USD 1120/mt CFR mark, plenty of trade has been concluded in the North and Far East regions while in South East Asia, deals have been done at the USD 1130/mt CFR mark.





Going forward, all eyes are on the re-start of Taiwan’s CPC and South Korea’s YNCC and the impact these will have on the ethylene price surge. There is news of a prompt ethylene cargo selling at levels as high as USD 1100/mt CFR and although this does not represent the general market price of the feedstock, it does reflect the strong undertone which has gripped Asian buying for immediate and urgent lifting. It’s expected that with the holidays due to start in China and the CPC and YNCC plant restarts, prices will begin to stabilize later this month hence acceptance of offers at USD 1150/mt for February purchases.





In plant news meanwhile South Korea’s Hanwha Chemical's shutdown at it’s LLDPE plant located in Yeochon on account of the non availability of ethylene feedstock from it’s supplier YNCC, continues. With the outage at the YNCC now over however, Hanwha will bring back on line both its two LLDPE units by next week.

[الجبل]

PROPYLENE PRICES IN CHINA MARCH HIGHER





China’s Sinopec Tianjin Petrochemical Company has up adjusted its offer price for propylene by US $25/mt. Propylene from the unit is mainly for captive use and even though the facility is said to be operating normally, avails remain tight as volumes not consumed in house are being easily sold outside, owing to steady demand in China currently.





Meanwhile, Tianjin Dagang Chemical Co., Ltd. is reported to have bolstered up it’s propylene offers by US $25/mt to the level of US $1165/mt. The company reflected that its plant was running steadily while sales were smooth and inventories low.





Shandong Jincheng Petrochemical Co., Ltd. has announced it’s offer for propylene at US $1225/mt, US $10/mt higher from the level of the previous session. The company has indicated that its propylene plant is running smoothly while sales are steady and inventory levels relatively low.





Finally, Shandong Shenghua Refining Co., Ltd. has up adjusted it’s price for propylene by US $15/mt to the US $1215/mt mark. The company’s propylene plant is functioning smoothly and sales are reported to be stable. Propylene stocks meanwhile are virtually exhausted owing to the robust demand for the product in China.

[الجبل]

OFFER PRICES OF PVC MARCH ABOVE THE USD 800/MT CFR ASIA MARK





PVC prices this week in Asia surged, rising on the back of a convincing lift in regional demand on the one hand and on firmer upstream EDC and VCM costs on the other.





February offers are coming in at levels upward of USD 800/mt CFR while bids for cargo are at the USD 770/mt CFR mark although these have yet to be taken up by suppliers from both Japan and South Korea.





However the general market trend is upbeat with rallying Asian ethylene prices supporting sellers in their efforts to pursue PVC price hikes.



In the local markets of China PVC prices this week have increased with the cheaper carbide based PVC offer prices up adjusted as production has been hampered, especially in northern China due to heavy snowfall. With gains recorded in VCM based PVC too, the outlook is looking bullish in China although buying may taper off with the start of their lunar holidays due to begin end January.





In plant news meanwhile Thailand's Vinythai plans to shut its 250 kt/annum PVC unit, located in Map Ta Phut, for a fortnight long turnaround beginning next week.

[الجبل]

SM OFFERS PEGGED FIRM IN ASIA





Styrene Monomer (SM) prices were seen bolstered in Asia last week, rallying on strong upstream prices of energy, ethylene and benzene, as well as on account of reports of depleted stock levels in China.





FOB Korea prices are pegged very firm at the USD 1080/mt levels. There is a rise in downstream prices of PS and ABS and while this is encouraging, the gains are not able to keep pace with the surge in SM feedstock. Trouble at the ethylene and benzene units of South Korean firm YNCC and Taiwan’s CPC have added to the bullish undertone in the markets and allowed prices of SM to surge to current high levels which are not lucrative for processors to work with.





The primary concern is that while upstream prices may begin to correct with the restart of troubled plants, YNCC is preparing to down it’s recently expanded SM unit this week which will render Asian avails tight and keep the upward pressure on prices ticking. The only hope now is that buying during the lunar holidays in China will cool off and that this would trigger stability in offer prices of SM followed by a possible decline in offers nearer to bid prices of USD 1050/mt CFR Asia. For now though margins are squeezed and working with negatives cannot continue indefinitely.

[الجبل]

PS PRICES IN CHINA - RACE HIGHER





As SM prices have been on the continuous rise since early last week coupled with the relatively insufficient supply of PS from producers caused by supply shortages of feedstock SM, the prices for PS in China have risen by wide margins.





A local polymerupdate source in China reported that a bullish combination of firm buyer sentiments, tight avails of SM resources and rising upstream feedstock costs prompted GPPS offers up between RMB 200/mt to levels near the RMB 10600/mt levels. The mainstream market prices for HIPS were pegged at RMB 11100/mt, RMB 200/mt higher as compared with the level of a week ago.





In Yuyao City of Zhejiang province, eastern China, PS materials were in short supply according to Chemasia. Offers for PS grade 666D from Sinopec Beijing Yanhua Petrochemical Co., Ltd. were heard at around RMB 11150/mt, a whopping RMB 400/mt higher as compared with the level seen during the corresponding period last week.

[الجبل]

ASIAN ABS SELLER BRIMMING WITH CONFIDENCE





The week saw a marked improvement in Chinese appetite for ABS purchases helping boost seller confidence in the region with bullish outlook further supported on account of firmer SM and butadiene feedstock costs and strong acrylonitirle numbers.





Through the month of December, ABS stocks in China steadily depleted as buyers remained pinned to the sidelines however this month has seen buyers step forward to replenish these stocks. While there was some success earlier in the week at placing cargoes at the USD 1420/mt CFR China mark, these offers have been hiked to the USD 1450/mt CFR levels for February ABS lifting.





Although some purchase resistance at this price level has been noted, with SM feedstock pegged at the USD 1090/mt CFR Asia mark and above it is not expect buyers of ABS to keep away from buying for too long.

[الجبل]

باقة هذه الاخبار تم نشرها للنخبة فقط الذين يهتمون بمستقبل السوق ومستقبل الشركات القيادية

[abosamar]

الله يعطيك الف عافيه

[wesmy]

يعطيك الف عافية اخوي الجبل على المجهود الرائع
ولي طلب بسيط لو تسمح
الكلام المكتوب بالانجليزي يعود لمن

[MONARCH]

أخي الغالي الجبل
سلمت يمينك وكل عام وانتم بألف خير
مودتي واحترامي لشخصكم الكريم ولجهدكم القيم

[المساهم الأول]

بارك الله فيك وفي اليد التي كتبت هذه المعلومات المفيدة

[عاشق الصناعة]

يا جبل ما يهزك ريح

بارك الله فيك ... بس مدرى وش مكتوب :d

وأتوقع أسعار بيع البتروكيميكل تكون آجله زى النفط والا لا يا الجبل ؟؟

-------------------------------

[الجبل]

شكرا لجميع الاخوان على المشاركة بهذا الموضوع

الخلاصة كلها اخبار ايجابية عن ارتفاع متوقع للاسعار يبدأ من الشهر القادم (علما بأن الاسعار بدأت بالتحسن والارتفاع منذ بداية العام )