Buy bitumen from Dubai
Buy bitumen from Dubai, is one of the global issues about which we tend to talk. Since Dubai is one of the important hubs, much news is about this part.We start with the recent changes in the price of petrochemical products in the Chinese market. Therefore,
it’s related to the subject matter of ” buy bitumen from Dubai “.
Recent changes of petrochemical products in the Chinese market
Published reports show that at the beginning of the week under review the prices of petrochemical products in the Chinese domestic market were as follows:
High-density polyethylene, grade 6098, 9730 yuan / ton (price 10030 yuan / ton).
Low-density polyethylene, grade 7042, 9750 yuan / ton (price 9900 yuan / ton).
Polypropylene, grade SP 179, 9600 yuan / ton (price 9700 yuan / ton).
PVC, grade S 1000, 6500 yuan / ton (price 6550 yuan / ton).
According to the figures, in the Chinese domestic market, the price of petrochemical products in the week
under review compared to the previous week has often had a downward trend.
We should note that in the week under review, the Asian petrochemical market experienced weak
conditions and almost all traded products faced negative price growth, in addition to the fact that market
demand is very low following the reduction of Chinese purchases.
Other petrochemical products prices
NAFTA: The price of NAFTA in the Asian market, in parallel with the re-fall of oil prices as well as the improvement of supply on the one hand and weak demand in the region has a downward trend and decreased by about $50 / ton.
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Moreover, the price of naphtha reached $585 / ton, CFR Japan. Current news shows that given the increase in naphtha supply by India and Middle Eastern countries such as Kuwait, Saudi Arabia and Qatar, the possibility of further price declines is not far off.
Ethylene: because of the continued weak demand of downstream industries,
the price of ethylene in Asia fell again and reached the level of $865 / ton, South Korean FOB.
Despite the decline in ethylene prices, there is little movement in the market and trading volume is low.
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Propylene: Due to the low demand of downstream industries, especially the lack of purchases by Chinese buyers,
the price of propylene in Asia fell to $945 / ton, South Korean FOB.
Given the potential for increased propylene production capacity in the coming months
and the arrival of new capacities and increased supply in the market,
the future outlook for the propylene market is bleak.
