Petrochemicals by S&P Global Commodity Insights’ Post

China's petrochemical futures experienced a decline due to concerns over demand, with polyvinyl chloride (PVC), purified terephthalic acid (PTA), and paraxylene (PX) futures leading the way with losses between 2.4-3.5%. The market reacted negatively to the absence of additional economic stimulus measures from the government, causing investors to worry about the future of these commodities. #ICIS #PVC #PTA #paraxylene #crudeoil #acetone #butadiene #ACN #propyleneoxide

Brazilian #ethanol exports to Europe remained limited throughout 2024, but traders on both sides of the Atlantic are speculating that these flows could increase in the coming months, driven by the potential for an open arbitrage window in the middle quarters of 2025. #Exports of ethanol from Brazil totaled a modest 1.90 billion liters in 2024, reflecting a 25% decline from the 2.52 billion liters shipped overseas in 2023. Of this total, the Amsterdam-Rotterdam-Antwerp hub ranked third among the top five destination markets, receiving just 152 million liters, or 7.9% of Brazilian exports – compared with 586 million liters, or 23%, in 2023. Get more insights from S&P Global Commodity Insights >> https://okt.to/Iptx2Y

U.S. fuel ethanol production decreased nearly 4% to 1.067 million barrels per day for the week ending Aug. 2, down from the previous week's record high of 1.109 million barrels per day. Ethanol stocks fell by 1% to 23.767 million barrels. However, ethanol exports surged by over 262%, averaging 210,000 barrels per day, compared to 58,000 barrels per day the previous week. There were no reported ethanol imports for this period. #USFuel #EthanolProduction #EthanolStocks #Export #Imports

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January Brent crude rose 45 cents to $73.28/bbl on Thursday No settlement for NYMEX crude futures due to Thanksgiving holiday Production News: Levima Advanced Materials - Northeast Asia - PP go.chemorbis.com/4fKuxfZ Production News: Lotte Chem. (M) - Southeast Asia & India - PP | PE go.chemorbis.com/4g3fDlj Production News: Indorama Ventures PCL - America - PP | PE go.chemorbis.com/4ibTZwA Global Freight Rate Update, November 28, 2024 go.chemorbis.com/4fQaY5W European PVC sellers target rollovers for Dec despite unsupportive market conditions go.chemorbis.com/3B6RhHV ADNOC unveils investment arm for chemicals, low-carbon energy go.chemorbis.com/3VbQlZH Poland’s Orlen faces $1.22 billion loss on olefins project go.chemorbis.com/3Ow7s4y Malaysian producer reveals Dec PP, PE prices to local market go.chemorbis.com/3VBGixp Türkiye's foreign trade statistics announced for October go.chemorbis.com/4151Rdb South Korea lowers interest rates again go.chemorbis.com/419BrXF India schedules consultation on PVC Homopolymers QCO go.chemorbis.com/3VcH4kb OPEC postpones meeting on oil production strategy go.chemorbis.com/3CYR0Hr SE Asian producer reveals Dec PP, PE prices to Indonesia go.chemorbis.com/4ganjl6 Dalian Futures Market: PP, LLDPE, PVC, MEG – November 28, 2024 go.chemorbis.com/3CQMPxB Türkiye’s PET markets to stay under pressure in Dec go.chemorbis.com/3B4zVvc NEA ethylene extends gains on firm support; SEA propylene also rises go.chemorbis.com/3Vdjsfe European PP, PE players discuss near-to medium-term outlook go.chemorbis.com/3Vdjsfe #PP #PE #polyethylene #polypropylene #plastics #polymer #plasticsindustry #chemical #plasticsprice

From Reuters, with comments from Jorge Molinero Sanz, Commodity Owner at Sparta: > Northwest European gasoline refining margins increased slightly to $6.57 per barrel, supported by expectations of higher exports in November and a recent drop in U.S. inventories  > Around 24,000 metric tons of Eurobob gasoline barges were traded, reflecting active market movement > Lower European blending costs, due to a reduction in Eurobob prices, have improved the region's gasoline export appeal > Gasoline exports from the EU and UK are forecasted to rise to 985,000 barrels per day in November, up from 716,000 bpd in October, signaling strong regional demand Read the full article: https://lnkd.in/eYTAFhi8 #oott #oilandgas #commoditytrading #trading #sparta #reuters

U.S. fuel ethanol production increased over 3% for the week ending October 4, averaging 1.038 million barrels per day. Ethanol stocks fell nearly 6% to 22.154 million barrels, while exports rose by 38%, averaging 141,000 barrels per day. Compared to the same week last year, production was up 34,000 barrels per day, and exports increased by 21,000 barrels per day. No fuel ethanol imports were reported during this period. #USFuel #EthanolProduction #EthanolStocks

From Reuters, with comments from Jorge Molinero Sanz, Commodity Owner at Sparta:   > Northwest European gasoline refining margins dropped by about $1 on Wednesday, reaching $5.55 a barrel, as US gasoline inventories unexpectedly increased  > In the European market, two diesel barges traded on Wednesday at Ice November gasoil minus 75 cents for a volume of 4,650 metric tons > Approximately 19,000 metric tons of Eurobob E5 and 9,100 tons of Eurobob E10 barges traded hands on Wednesday. > US gasoline stocks rose by 412,000 barrels, counter to expectations for a draw, while demand indicators showed a slight decrease to 19.7 million barrels per day. > November gasoline exports from the EU and UK are projected to increase to 1.05 million barrels per day, up from 737,000 in October. > Lower European blending costs, driven by light reformate premiums and adjustments in Eurobob prices, have boosted Europe’s gasoline export potential, an analyst noted.   Read the full article: https://lnkd.in/esRVVd4i #oott #oilandgas #commoditytrading #trading #sparta #reuters

The increasing interconnectivity of commodity markets is creating new opportunities for traders. As the energy market tightens, new cross-trading opportunities are fostering a whole host of new linkages, which sees oil and products linked to agriculture for fertilizer and LNG linked to chemicals for plastics. As the lines between different commodities blur, traders are prompted to rethink their approaches, seeking synergies and cross-commodity opportunities. Find out more in our latest report "The critical role of commodity trading in times of uncertainty": https://mck.co/3xxm5zt #McKinseyInsights #Commodities