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US aromatics feel continued downward pressure

机译:美国芳香剂感到持续向下压力

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The Dec. benzene contract price reportedly settled 69¢/gal lower at $2.11/gal, narrowing the gap that had developed between the Nov. contract price and spot assessments. Over the month of Nov., spot benzene prices lost 45¢/gal to end the month at an assessment of $2.03/gal delivery duty paid US Gulf. Early-Dec. spot values remained in the low-$2/gal range. Supplies have been long since toluene disproportionation (TDP) margins were strong throughout Sept. and Oct., pushing conversion units to run at high rates and resulting in surplus output of co-product benzene. The US typically imports approximately 25% of its benzene demand, but long supplies have reduced the need for imports from main suppliers Saudi Arabia, South Korea, and Japan. Meanwhile, benzene derivative styrene saw slower demand in Sept. and Nov., allowing benzene inventories to build and preventing benzene prices from rising. (Ethylbenzene is the top chemical produced from benzene, and most ethylbenzene goes to styrene operations.) The week to Dec. 3 was the second in which there were projections of support coming from CosMar restarting its Carville, Louisiana, styrene plant. End-of-the-year destocking (for tax purposes) will furfher pressure benzene prices throughout Dec, but restocking in Jan. could lift the market a bit. TDP and Mobil selective TDP (MSTDP) margins have tightened, so benzene output from that sector will slow, also supporting the market.
机译:据报道,12月的苯合同价格以2.11美元/gal的价格定居69 ¢/GAL,从而缩小了11月合同价格和现货评估之间的差距。在11月的时间里,现货苯的价格损失了45 ¢/gal,以评估2.03美元/加仑的送货税的评估已支付了我们的海湾。早期。斑点值保持在低$ 2/gal范围内。自9月和10月的甲苯相比(TDP)边缘较高以来,供应已经很长时间了,推动转换单元以高速运行,并导致副产品苯的剩余输出。美国通常会进口其苯需求的25%,但长期供应减少了主要供应商沙特阿拉伯,韩国和日本进口的需求。同时,苯衍生物苯乙烯在9月和11月的需求较慢,允许苯库存建立和防止苯价格上涨。 (乙烯苯是由苯生产的顶级化学物质,大多数乙烯苯均用于苯乙烯操作。)到12月3日的一周是第二个,其中第二次来自Cosmar的预测来自Cosmar,重新启动其Carville,Louisiana,Louisiana,Styrene工厂。年终命运(出于税收目的)将使整个12月的苯金价格施加压力,但1月份的补货可能会稍微提升市场。 TDP和MOBIL选择性TDP(MSTDP)的利润率已收紧,因此该行业的苯产量将放缓,也支持市场。

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