Asia curbs aromatics price surge

Gibson, Jane
June 2006
ICIS Chemical Business;6/12/2006, Vol. 1 Issue 23, p52
Trade Publication
This article reports that weaker Asian sentiment has affected U.S. and European price ascent in the petrochemical industry in 2006. Naphtha prices in Europe lost ground in line with crude. Supply and demand are balanced, however, and the premium over Brent crude has actually increased. European ethylene has been quiet, with no deals reported. Numbers are still pegged at $1200-1210/tonne or around €940/tonne. Propylene prices are unchanged at €800-820/tonne with no deals heard. INSET: OX and PX keep on climbing on firm feedstock costs.


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