Oil & Gas

May 17th, 2011

Naphtha Continues to Slip in Asia

Naphtha prices in Asia fell for the third day. Open-spec naphtha for delivery to Japan fell by over 8 dollars to US$975.75/ton, Bloomberg data showed. Crack spread was little changed at US$127.95/ton Source: Plastemart Related Reports: Refined Naphthalene Market Research (China) ...

May 12th, 2011

Naphtha/Gasoline Cracks in Asia May Not Continue to Stay Firm

Asia’s naphtha prices rose for the third consecutive day on Wednesday, to a four-session high, and have recovered most of the US$106/ton it lost in a single day last Friday, as per Reuters. Some sellers continue to be upbeat, on expectations of tight supplies next month. However, India’s Reliance Industries’ decision to cancel a term...

Jan 26th, 2011

Japan’s Naphtha Imports Rise

Japan’s naphtha imports for the petrochemical sector rose 2.3% in December 2010, compared to same month in 2009. Imports of naphtha for ethylene production amounted to 1,549,841t during December, according to data from Japan’s Ministry of Economy, Trade and Industry. Naphtha imports totalled 1,515,401t in December 2009 and 1,654,586t in November, according to Reuters. Naphtha is the main...

Jan 24th, 2011

Coal Market Trends of 2010

Global demand for coal drove prices up in 2010, and this trend should continue in coming years, due in part to growing energy needs of the world’s two largest consumers of coal: India and China. China, the world’s fastest growing major economy, has massive coal reserves, but the country’s energy consumption is growing so rapidly that...

Jan 24th, 2011

Japan’s Naphtha Imports for the Petrochemical Sector Rose 2.3%

Japan’s naphtha imports for the petrochemical sector rose 2.3% in December 2010 vs December 2009, as per government figures. This marks the third consecutive gain. Imports of naphtha for ethylene production amounted to 1,549,841 tons in this period, as per the Ministry of Economy, Trade and Industry, vs 1,515,401 tons in December 2010, and 1,654,586...

Jan 20th, 2011

Profits From Making Gasoline From Naphtha Rising at the Fastest Pace in a Year in Asia

Profits from making gasoline out of naphtha in Asia are rising at the fastest pace in a year as global supplies of naphtha as feedstock for plastics increase, as per Bloomberg. Gasoline’s premium to naphtha jumped as high as US$11.75 a barrel on Jan. 13 from US$$5.50 on Dec. 31. Should the difference end this...

Nov 4th, 2010

Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia

CRUDE OIL Yo-yoing oil prices have ended the week of November 1, 2010 a tad higher than last week. Oil for December delivery rose to US$81.96 on the Nymex, while Brent crude for December settlement rose to US$83.36 a barrel on ICE Futures Europe exchange. Speculations of another round of credit-easing measures by the US Federal...

Nov 1st, 2010

Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia

CRUDE OIL Crude oil prices have moved up to end the week of October 25, 2010 at US$81.7 on the Nymex while Brent crude for December traded at US$83.4 on the ICE Futures Europe exchange. An on going strike in France is expected to lead to a rise in French demand for imported fuel. A widespread...

Nov 1st, 2010

Naphtha Prices in Asia Recover, Cracks Rebound

Robust industry demand has led Asian naphtha prices to recover to a three-session high midweek, while cracks rebounded from a near two-week low to reach their highest in a week, as per Reuters. Amid ample supplies, sentiments have been boosted as South Korea’s Honam Petrochemical and Samsung Total, and Japan’s Exxon and Tosoh seek cargoes...

Oct 28th, 2010

Asia Naphtha Margin Falls on Speculation that Japan Could Reduce Tax Breaks on Naphtha Cargoes

Naphtha margins in Asia fell to US$130.70/ton; the lowest in at least two weeks on speculation that Japan may recommend reducing tax breaks on naphtha cargoes, as per Bloomberg. Japan is one of the biggest importers of the fuel in Asia. A Japanese government tax panel will recommend reducing tax breaks on procurement of naphtha...

Sep 23rd, 2010

Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia

CRUDE OIL Restart of the Enbridge pipeline, which carries Canadian crude into the US, has led to a fall in crude oil in the week of September 20, 2010. Oil dropped to US$73.5 on the Nymex, while Brent crude on the ICE futures exchange fell to US$77.8. Brent crude contract remains higher amid relatively tight crude...

Sep 23rd, 2010

Asian Naphtha Prices at One-week Highs, Cracks at Five-session High

Asian naphtha price rose to a one-week high on Tuesday, cracks touched a five-session high and intermonth contango narrowed for the second straight-session despite the weak fundamentals, as per Reuters. The higher cracks could be a sheer reflection of a technically shut West-East window. Sinking crack values will compel sellers to look outside of the...

Aug 3rd, 2010

Oil Hovers Above US$81 in Asia After Stocks, Dollar Fuel Jump to 3-month High

SINGAPORE (AP) - Oil prices are hovering above US$81 a barrel in Asia after surging stock markets and a weaker dollar helped boost crude to nearly a three-month high in the previous trading session. Benchmark crude for September delivery was up 9 cents to $81.43 a barrel at midday Tuesday in Singapore in electronic trading on...

Jun 23rd, 2010

Solvents. In 2010 Butyl Acetate Market Indicates Recovery

Each group of Solvents has a definite ability to solve a particular kind of synthetic, artificial and natural film-forming product. One-component solvents are used for dissolving different types of polycondensing film-forming products and natural resins. Multicomponent solvents are used primarily when handling cellulose ester, polymerizing film-forming products. The most widespread Solvents groups are Hydrocarbons –...

Jun 17th, 2010

Focus on: The Burgeoning Oil & Gas Market

MarketPublishers are pleased to present Datamonitor’s latest business intelligence focused on the oil & gas market. Oil and Gas Supply - Asia Pacific: The report presents a ten-year projection and review of oil and gas production and consumption trends across the Asia-Pacific region. It provides a forecast of oil and gas consumption in specific...

May 27th, 2010

Top Frontier Oil Countries: Potential, Exploration Opportunities and Risks

LONDON - A new market report “Top Frontier Oil Countries: Potential, exploration opportunities and risks” has been recently published by Business Insights. The report looks into the opportunities in ‘frontier’ areas that are poorly explored and poorly understood but which are now becoming increasingly attractive in the quest for new energy supplies. It will make...

May 26th, 2010

Engineering Plastics - A Global Market Overview

The worldwide market for engineering plastics is projected to reach about US$17.5 billion by 2015 from an estimated US$6.9 billion in 2005, growing at a Compounded Annual Growth Rate (CAGR) of 9.8% during the analysis period, 2005-2015. Stable growth and continuous development of global economy and the science & technology during the past couple of decades...

May 25th, 2010

Biofuels - A Global Market Overview

The global market for Biofuels is expected to reach about US$61.5 billion by 2015 from an estimated US$20.5 billion in 2006, growing at a Compounded Annual Growth Rate (CAGR) of 12.9% during the analysis period, 2006-2015. Biofuels have seen a spurt in the US and the EU, with the latter planning to increase its annual...

Apr 30th, 2010

Price trends of oil, polymer feedstock and commodity polymers in Asia

CRUDE OIL Oil prices have risen in the week of April 26, 2010. At the end of the week, June Brent crude stood at US$87.5 while US light, sweet crude settled at US$85.4. Prices gained on Friday after US new home sales were reported to have unexpectedly jumped 27% in March along with gains in Asian...

Apr 23rd, 2010

Price trends of oil, polymer feedstock and commodity polymers in Asia

CRUDE OIL The week of April 19, 2010 saw crude oil slightly down from 18 month high levels of US$87 a barrel all week. However, oil prices plunged by almost 3% on Friday on news that US securities regulators charged Goldman Sachs Group with fraud. After the Goldman Sachs fraud, disappointing earnings by some top companies...