Global Methanol Market Review
Filling Europe's methanol tanks
European spot methanol prices fell on August 16 even after the number of transactions increased and the level of trading activity increased. On this day, a total of 5,000 tons of methanol were traded, of which 4,000 tons were related to three transactions in August and 1,000 tons were related to September.
📌 The increase in the price of methanol in China due to the increase in the price of gas
China's methanol market conditions were stable on August 16, although July retail sales and industrial production were much lower than expected. Market sources in China announced that methanol prices have reached their bottom and the high price of coal and natural gas partially supported the price of methanol.
Filling Europe's methanol tanks
European spot methanol prices fell on August 16 even after the number of transactions increased and the level of trading activity increased. On this day, a total of 5,000 tons of methanol were traded, of which 4,000 tons were related to three transactions in August and 1,000 tons were related to September.
📌 The increase in the price of methanol in China due to the increase in the price of gas
China's methanol market conditions were stable on August 16, although July retail sales and industrial production were much lower than expected. Market sources in China announced that methanol prices have reached their bottom and the high price of coal and natural gas partially supported the price of methanol.
Polymer products market + August:
Low-density polyethylene or LDPE transactions were small in the week ending August 17, as market participants are closed and away from the market due to the August holiday in all European countries. In addition, the market outlook does not show a pleasant situation due to the bad economic conditions and inflation. In France, Italy, Spain and other countries of Southeast Europe, they are spending their traditional summer holidays, but in Northern Europe, the holidays are coming to an end, but the market is currently stagnant and closed.
The general situation of the polypropylene market in Europe was unchanged in the week ending in August, although some participants stated that the desire to buy in August compared to July was higher than in the past. Despite the relative increase in the desire to buy polypropylene and long-term contracts, the immediate purchase of homopolymers has not changed and shows uncertainty in the market. One of the market participants said that the market situation was better in August, but overall the market is weak.
On August 17, the price of benzene in Europe decreased, which was related to the price decrease in the next month, which also affected this month, and benzene decreased by 82 dollars to 945.50 dollars per ton based on CIF delivery term in three ports. The European Cup has arrived. Downstream, the price of styrene for sale decreased in September and reached $1,150 per ton.
W.P.O (Weekly Petro Offer)
Low-density polyethylene or LDPE transactions were small in the week ending August 17, as market participants are closed and away from the market due to the August holiday in all European countries. In addition, the market outlook does not show a pleasant situation due to the bad economic conditions and inflation. In France, Italy, Spain and other countries of Southeast Europe, they are spending their traditional summer holidays, but in Northern Europe, the holidays are coming to an end, but the market is currently stagnant and closed.
The general situation of the polypropylene market in Europe was unchanged in the week ending in August, although some participants stated that the desire to buy in August compared to July was higher than in the past. Despite the relative increase in the desire to buy polypropylene and long-term contracts, the immediate purchase of homopolymers has not changed and shows uncertainty in the market. One of the market participants said that the market situation was better in August, but overall the market is weak.
On August 17, the price of benzene in Europe decreased, which was related to the price decrease in the next month, which also affected this month, and benzene decreased by 82 dollars to 945.50 dollars per ton based on CIF delivery term in three ports. The European Cup has arrived. Downstream, the price of styrene for sale decreased in September and reached $1,150 per ton.
W.P.O (Weekly Petro Offer)
🟣 Urea FOB of the Persian Gulf:
$540.578
▫️ Despite further increases in gas prices in Europe, weak demand continues to stifle the nitrogen trade. Urea and nitrate producers are undaunted, confident that European demand will soon emerge to support prices.
▫️ Ammonia's situation is different, because sufficient supply has affected the price. High inventories and demand destruction continue to be seen in phosphates, potash and sulfuric acid, but sulfur prices appear to have bottomed after weeks of sharp falls.
🔴 W.P.P (Weekly Petro Offer) 🔴
$540.578
▫️ Despite further increases in gas prices in Europe, weak demand continues to stifle the nitrogen trade. Urea and nitrate producers are undaunted, confident that European demand will soon emerge to support prices.
▫️ Ammonia's situation is different, because sufficient supply has affected the price. High inventories and demand destruction continue to be seen in phosphates, potash and sulfuric acid, but sulfur prices appear to have bottomed after weeks of sharp falls.
🔴 W.P.P (Weekly Petro Offer) 🔴
uf18046_20220819_IHS.pdf
34.4 KB
Methanol Price base of IHS Journal
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uf18040_c-met.pdf
257.3 KB
Methanol Price base of "I.C.I.S" Journal
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🔴 W.P.P (Weekly Petro Offer) 🔴
The list of products that can be supplied by this group is provided every Monday.
You can contact us through the following addresses:
whatsapp: +905342643137
Email: Metin.h@expertaf.co
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You can contact us through the following addresses:
whatsapp: +905342643137
Email: Metin.h@expertaf.co
🔴 W.P.P (Weekly Petro Offer) 🔴
🛢🔻 Brent week starts at 95 dollars
Brent, which ended last week's trading at $96, started today and the new week by retreating to $95. #Oil prices
🗓🔺 Difference with the beginning of 2022: 18 dollars (23.3 percent) increase
The current price of Brent: $95.78
US oil: $89.88
🔴 W.P.P (Weekly Petro Offer) 🔴
Brent, which ended last week's trading at $96, started today and the new week by retreating to $95. #Oil prices
🗓🔺 Difference with the beginning of 2022: 18 dollars (23.3 percent) increase
The current price of Brent: $95.78
US oil: $89.88
🔴 W.P.P (Weekly Petro Offer) 🔴
Petrochemical Products Weekly Offer.pdf
644 KB
Expertaf Group weekly offer (22 - 20 Aug) Unprice List
The current week available products list was uploaded on the channel
Contact us for more information
In case of the polymers, price list by CPT terms at turkey, will be upload within today.
🔴 W.P.P (Weekly Petro Offer) 🔴
Contact us for more information
In case of the polymers, price list by CPT terms at turkey, will be upload within today.
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Polymers Price List, (Aug.2022 Current week List).pdf
471.3 KB
Polymers weekly price list, valid up to 25 Aug.2022
According to the request of the respected members of the channel, the list of available products with prices will be issued from this week.
Next, the price list of polymer products by CPT turkiye terms, has been uploaded.
Please note that the prices list are valid until August 25.
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Next, the price list of polymer products by CPT turkiye terms, has been uploaded.
Please note that the prices list are valid until August 25.
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OPR_20220815.pdf
1.4 MB
According to Mr. "S.h" request whom is one of the respected members of the channel, the Plattes report of refinery products were loaded in the channel.
Contact us through the addresses announced in the channel.
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Contact us through the addresses announced in the channel.
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UREA NEWS
Urea prices fell again for the second week in a row in most global markets due to the decrease in demand. In the Middle East, prices fell sharply as producers cut prices in August and September to sell their remaining crop. Urea prices this week were around 550-560 dollars per ton.
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Urea prices fell again for the second week in a row in most global markets due to the decrease in demand. In the Middle East, prices fell sharply as producers cut prices in August and September to sell their remaining crop. Urea prices this week were around 550-560 dollars per ton.
🔴 W.P.P (Weekly Petro Offer) 🔴
#Urea News
Prices in Southeast Asia fell this week, as did the Middle East, and were around $540-$557 per ton based on the term fob Brunei and fob Indonesia. The price was decreasing in some transactions. The prices of urea granules delivered to Myanmar increased by $30 per ton, while FOB prices in Iran increased by $20 from the last transaction of this country.
🔴 W.P.P (Weekly Petro Offer) 🔴
Prices in Southeast Asia fell this week, as did the Middle East, and were around $540-$557 per ton based on the term fob Brunei and fob Indonesia. The price was decreasing in some transactions. The prices of urea granules delivered to Myanmar increased by $30 per ton, while FOB prices in Iran increased by $20 from the last transaction of this country.
🔴 W.P.P (Weekly Petro Offer) 🔴
#Urea News
A large amount of urea available to producers in the Middle East this week caused prices to drop. Three shipments were traded at prices of 550 to 560 dollars per ton based on the FOB term for shipment in August and the beginning of September, and the rest of the transactions were in the same price range.
🔴 W.P.P (Weekly Petro Offer) 🔴
A large amount of urea available to producers in the Middle East this week caused prices to drop. Three shipments were traded at prices of 550 to 560 dollars per ton based on the FOB term for shipment in August and the beginning of September, and the rest of the transactions were in the same price range.
🔴 W.P.P (Weekly Petro Offer) 🔴
#Urea News
The Sri Lankan government has issued a tender for the purchase of 150,000 tons of urea, which has so far only managed to supply 10% of this volume. Valency will supply 12,500 tons of this amount of urea until September 15 at a price of $690 per ton based on the CFR delivery term of Sri Lanka.
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The Sri Lankan government has issued a tender for the purchase of 150,000 tons of urea, which has so far only managed to supply 10% of this volume. Valency will supply 12,500 tons of this amount of urea until September 15 at a price of $690 per ton based on the CFR delivery term of Sri Lanka.
🔴 W.P.P (Weekly Petro Offer) 🔴
#Urea News
Paradeep Phosphate Company and Coromandel Company in India will receive two shipments of 10,000 tons of urea next month, which were purchased at a price of 590 to 600 dollars per ton based on the CFR purchase term of India. India's next big tender is likely to take place in early September.
🔴 W.P.P (Weekly Petro Offer) 🔴
Paradeep Phosphate Company and Coromandel Company in India will receive two shipments of 10,000 tons of urea next month, which were purchased at a price of 590 to 600 dollars per ton based on the CFR purchase term of India. India's next big tender is likely to take place in early September.
🔴 W.P.P (Weekly Petro Offer) 🔴
#Urea News
Pupuk Indonesia has completed an auction for the sale of 30,000 tons of urea granules and 6,000 to 12,000 tons of urea peril for shipment in September. Liven Company has won this tender and is going to supply 30,000 tons of granular urea at a price of $557 per ton based on the FOB delivery term.
🔴 W.P.P (Weekly Petro Offer) 🔴
Pupuk Indonesia has completed an auction for the sale of 30,000 tons of urea granules and 6,000 to 12,000 tons of urea peril for shipment in September. Liven Company has won this tender and is going to supply 30,000 tons of granular urea at a price of $557 per ton based on the FOB delivery term.
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#Our Analyses for the Urea market
According to the above news about the urea market, it is expected due to September we will see an increase in demand and in price, similar to previous years.
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According to the above news about the urea market, it is expected due to September we will see an increase in demand and in price, similar to previous years.
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