Even with NGLs languishing at 2019 lows, costs to produce ethylene with anything other than ethane is a losing proposition for most. Get in-depth analysis. constraints into 2021, INSIGHT-OUTLOOK '21: China's petchem industry to thrive in The main outlet for propylene is as a feedstock for polypropylene (PP). Aside from the boost that downstream plant restarts will provide early in Q4, demand for US propylene should continue on a gradual recovery. We source speakers who have the appropriate expertise and experience to deliver excellent quality papers. We use cookies to improve the performance of our site, to analyse the traffic to our site, and to personalise your experience of the site. However, with ethane expected to continue to be the favoured cracker feedstock and refinery utilisation expected to remain well below average levels through the North American winter, propylene supply growth will be limited in Q4. Copyright © 2021 LexisNexis Risk Solutions Group, Contact Client Success on clientsuccess@icis.com, If you want to keep updated on the factors driving price movements in the global chemical markets, ICIS. Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. LONDON (ICIS)--The European oxo-alcohol market is expecting a very challenging start to 2021 due to tight supply and ongoing strength in demand. ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Propylene. Information covered in our price reports includes: Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences. Propylene news and market information products from ICIS. 2020 finished on a far stronger note than many would... SINGAPORE (ICIS)--China's petrochemical industry in 2021 will certainly see light at the end of the tunnel following a cataclysmic year with main drivers coming from growing demand in particular... HOUSTON (ICIS)--Isopropanol (IPA) domestic and spot prices rose this week, following nominations with quick turnarounds from several producers last week. According to PCW’s Barry, expectations for August propylene monomer contracts were generally for flat to slightly lower. ICIS provides reliable and trustworthy weekly price assessments for propylene in Asia, China, Europe and the US. The ICIS news service allows you to customise the market alerts delivered to your email inbox, providing the business-critical information you need straightaway. Demand was mixed. US propylene supply has recovered in the first half of 2019, as production from propane dehydrogenation units has improved. You can control cookies through your browser settings. Read more. Three months ended December 31, 2019 versus three months ended September 30, 2019 - EBITDA decreased $155 million versus the third quarter 2019. In Japan, there were various planned and unplanned shutdowns affecting FCC units as well as steam cracking units. News & Analysis – News & market analysis specifically relating to Propylene. Propylene is also used to produce acrylonitrile (ACN), propylene oxide (PO), a number of alcohols, cumene and acrylic acid. Everchem Specialty Chemicals Rose Tree Corporate Center 1400 N Providence Rd Suite 302 Media, PA 19063. Read more Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts. DUBLIN, March 25, 2019 /PRNewswire/ -- The "Propylene Glycol (PG): 2019 World Market Outlook and Forecast up to 2023" report has been added to ResearchAndMarkets.com's offering.. Polypropylene Futures historical prices: closing price, open, high, low, change and %change of the Polypropylene Futures for the selected range of dates. Find out more about ICIS pricing reports >>. June US propylene contract prices settled a half-cent higher than May contract prices June 29, trade participants said. The main outlet for propylene is as a feedstock for polypropylene (PP). The prolonged shutdown at BASF Total’s Port Arthur, Texas, cracker, in particular, reduced propylene supply. (June 1, 2019). Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Phone 484-234-5030 The ICIS news service allows you to customise the market alerts delivered to your email inbox, providing the business-critical information you need straightaway. Many market analysts expect a more robust recovery in 2021, particularly if a vaccine is widely distributed. While low prices may be expanding margins for ethylene buyers, they also exert a bearish force down the supply chain to the products produced from ethylene. With many years’ experience of guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans. HOUSTON (ICIS)--Isopropanol (IPA) domestic and spot prices rose this week, following nominations with quick turnarounds from several producers last week. The increase brought the US June polymer-grade propylene contract price to 26.5 cents/lb and chemical-grade propylene contract price to 25 cents/lb, the sources said. Price History – More information about the historical price data we publish on Propylene, News & analysis this week, with 1H 2019 trading at 47.75 cpp and 2Q 2019 trading at 47.5 cpp on Monday and calendar 2019 trading twice at 48 cpp on Tuesday. Propylene Market Report and Price Trend Propylene Highlights from 07 Dec,2020 - 18 … Our insights into regional Propylene markets are provided by our network of reporters based locally in those markets. ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. It is a dangerous fire risk because it is highly flammable and explosive when mixed with air or oxygen. The growing predominance of ethane as a cracking feedstock, combined with refinery rates remaining below 80%, further limited propylene production. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. Find out more about ICIS training courses >>. ICIS weekly margin reports deliver the detail you need to understand how production costs and prices are affecting margins, enabling you to judge the likely impact on your business and optimise your upstream and downstream business decisions. TDI PRICE INCREASE. Southeast Asia was balanced but tightened towards the end of Q3. Information covered in our price reports includes: Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences. It is produced by several routes, the most common of which is as a co-product of ethylene production from steam crackers. A recovering automotive industry also buoyed demand. ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments. 24-hour global coverage of breaking news in the petrochemical industry, including updates on production, shutdowns and key transacted deals, keeping you informed of market developments as they happen. “Butane cracking, soft PP demand and high propylene inventories were mentioned as bearish factors for the propylene market.” Posted December 16, 2020 by David Patten. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. Price History – More information about the historical price data we publish on Propylene, News & analysis The settlement puts June polymer-grade propylene (PGP) contract prices at 36.5 cents/lb ($805/tonne) DEL (delivered) and chemical-grade propylene (CGP) contract prices at 35 cents/lb DEL, down by 3.5 cents/lb. ICIS keeps our subscribers updated on anything that might potentially move prices such as cracker outages, start-ups or scheduled maintenance. But NAM an ethylene story. News & Analysis – News & market analysis specifically relating to Propylene. An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach. 400-158-6606. tango with economic recov, US IPA prices rise amid higher propylene costs, PP Jan-Nov imports to Ukraine up by 1% year on year, Please find more information on the cookies used on our site here, Market commentary on trends and developments. An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Price Reporting – More information about the price reports we publish on Propylene, Independent price assessments and market coverage, Price history Find out more about ICIS consulting expertise in China >>. In Statista. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Propylene is a colourless, flammable gas that burns with yellow, sooty flames. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities. Many of the production issues that curbed US propylene supply in Q3 are expected to be resolved in Q4, which should rebalance what has been a tight market. Find out more about ICIS consulting services >>. Breaking news of latest developments affecting the markets. Price reporting ICIS produces a series of highly informative and timely conferences. Overall levels improved, but as demand for those derivatives boosted by the onset of the pandemic cooled off, demand for other derivatives that had not fared so well, began to improve. Welcome to chemicalbook! feedstock costs, tight, Agilyx, Braskem to explore chem recycling project in North Global propylene demand typically reflects broader consumer demand, which is expected to be more resistant to future waves of coronavirus infections than it was in Q2. ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. The Supply and Demand Window on the ICIS Dashboard provides a snapshot view of historical and forecast information for supply and demand, production capacity and trade flows – a key tool to help safeguard future investments within the chemicals market. 2019 has not turned out to be such a Happy New Year for ethylene sellers, with prices easing. US propylene supply poised to remain healthy into 2019 6 US polypropylene to depend on propylene direction 7 LatAm PE markets face record-low prices, uncertainty in 2019 8 US PVC chain faces economic uncertainties 10 Aromatics 11 US benzene to continue to be driven by styrene, imports 11 ... real-time market data feeds. Find out more about ICIS pricing reports >>. Breaking news of latest developments affecting the markets. Find out more about the ICIS Supply and Demand Window. North American selling prices for polypropylene and solid polystyrene resins have begun 2019 in the same way they ended 2018 — with lower prices. Our locally-based expert reporters can provide those involved with propylene or related markets with up-to-date and unbiased intelligence allowing this essential tool to be used in decision-making processes. December 15, 2020. The Supply and Demand Window on the ICIS Dashboard provides a snapshot view of historical and forecast information for supply and demand, production capacity and trade flows – a key tool to help safeguard future investments within the chemicals market. The remainder of propylene is produced using on-purpose technologies such as propane dehydrogenation (PDH) and metathesis. Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. PGP PGP Polymer Grade Propylene (PCW) Calendar Swap futures futures price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. US economic activity in manufacturing, a reliable proxy for propylene demand, recovered through the quarter. Propylene news and market information products from ICIS. Read more Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments. It can benefit anyone buying or selling products made from polypropylene, acrylonitrile (ACN), propylene oxide (PO) or propylene glycol. Propylene demand from the PP sector softened, although the demand for PP improved. Find out more about the ICIS Supply and Demand Window. Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts. ICIS produces a series of highly informative and timely conferences. Planned and unplanned derivative production issues in September lengthened supply in all areas in September, but particularly impacted chemical grade in the inland region. Now, additional price increase initiatives... 30 Dec deadline for public comment on controversial draft Implementation might be as early as Jan ‘21 Base oil importers would be subject to stricter import terms Draft says government could... HOUSTON (ICIS)-- After weekly propylene spot prices surged in the US for two straight weeks, domestic isopropanol (IPA) producers are seeking separate price increase initiatives. Effective January 1, 2021, or as contracts allow, The Dow Chemical Company, Read more. US IPA prices rise amid higher propylene costs, INSIGHT: Mexico mulls tougher import permits for fossil This spike in prices was largely due to a cold winter causing propane inventories to drop. In late August and early September, the Chinese yuan strengthened against the US dollar, giving importers a further shot in the arm. Ethylene and propylene prices have had an interesting start to the year – both markets have seen prices drop, but at very different rates. 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