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Houston (Platts)--7 Dec 2016 622 pm EST/2322 GMT
US prompt-month pricing rose to a 16-month high Wednesday on factors that included Asia's atypical premium over US spot benzene pricing, which had sparked some interest in the US to send benzene that way; low imports into the US and a strong derivative styrene market, sources said.
London (Platts)--7 Dec 2016 1140 am EST/1640 GMT
Supply of polypropylene from Polychim's plant in Dunkirk, France, has resumed, a company source said Wednesday.
Singapore (Platts)--7 Dec 2016 1139 am EST/1639 GMT
China Petroleum and Chemical Corp, or Sinopec, raised its ex-works butadiene offers in eastern China for the second time this week to Yuan 14,000/mt, effective Wednesday, or $1,705/mt on an import parity basis, up Yuan 500/mt or 4%, market sources said.
Houston (Platts)--6 Dec 2016 555 pm EST/2255 GMT
US Gulf Coast isobutane's premium over normal butane set a new four-year high Tuesday at 20 cents, as market sources were mixed on the reason behind the price spike.
London (Platts)--6 Dec 2016 944 am EST/1444 GMT
Distribution prices for hydrocarbon solvents in Northwest Europe have come under pressure this week due to year-end inventory management by producers, distributor sources said Tuesday.
Singapore (Platts)--6 Dec 2016 1228 am EST/528 GMT
Asian benzene jumped $19/mt from last Friday to be assessed at $806/mt Monday, the highest in more than 17 months, fueled by rising Chinese demand amid low domestic stocks.
Houston (Platts)--5 Dec 2016 623 pm EST/2323 GMT
US polypropylene producer Braskem America suffered a process upset this weekend at its polypropylene facility in Freeport, Texas, a filing with state regulators showed.
London (Platts)--5 Dec 2016 835 am EST/1335 GMT
Petrochemical companies in Gulf Cooperation Council countries need to intensify integration with feedstock sources, such as refineries, and with downstream consumers, as the sector turns increasingly competitive ahead of the onslaught of shale-based petrochemical products from the US.
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