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Current Chemical Updates

Crude oil plunged on bearish demand outlook

As a result of a weaker demand outlook, oil prices fell on Friday. Oil prices are back at the levels they were before Russia invaded Ukraine, illustrating traders’ focus on a global recession and demand destruction. WTI crude was assessed at $88.48/barrel, down 6 cents while Brent crude dropped 10

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SM prices escalated in Asia

SM prices increased on bullish buying sentiments from industry players across the Asian region. On, Friday, FOB Korea SM prices were assessed in the range of USD 1130-1140/mt while CFR China prices were assessed in the range of USD 1140-1150/mt. As per the source, feedstock benzene FOB Korea prices have

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Propylene prices plunged in Asia

As a result of low buying sentiments from industry users and ample product availability, the price of propylene plunged last week. As per the report,  CFR South East Asia prices of propylene were assessed in the range 975-985/mt down by USD 30/mt week on week basis. In the CFR China

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Oil prices escalated on supply outages

On Friday, Oil prices increased about 3% due to supply outages in Libya. The likelihood of a shutdown in Norway outweighed the possibility of a slowdown in the economy. As per the report, Brent crude futures were up $2.71 at $111.74 a barrel increasing by 2.75 % while WTI crude

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