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Active export of Asian chemicals to European and American markets

 Last Update: 2021-08-06
 Source: Internet
 Author: User

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Sinochem Xinnet News As the new crown pneumonia epidemic continues to pressure the demand of the Asian market, some major petrochemical markets in Asia have seen new opportunities to export to the active European and American markets
.

In the fatty acid market, the EU’s demand for C18 oleic acid remains strong, while demand in Asia has declined due to the return of the epidemic and the re-imposition of blockade restrictions
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A fatty acid producer in Southeast Asia said that in view of the sharp increase in container freight, the company may consider exporting fatty acids to the EU in bulk

At the same time, as the price of Type I base oil in Europe soared from February to May this year, the arbitrage window for Type I base oil from Asia to Europe has been opened
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In May of this year, European buyers bid for Class I SN500 base oils and bright oils in the Southeast Asian market and gave prices far higher than the Asian market prices

In the methyl tertiary butyl ether (MTBE) market, sellers in the Middle East are more keen to sell their products to Europe because the delivery prices in Europe are higher and the shipping costs are similar to Asia
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In June of this year, a Middle Eastern producer sold 10,000 tons of MTBE to Europe

In the methyl methacrylate (MMA) market, prices in Europe and the United States are currently much higher than spot prices in Asia, which creates opportunities for Asian exports to Europe and the United States for arbitrage
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Due to recent force majeure and unplanned plant shutdowns, tight supplies in the United States and Europe have stimulated demand for goods from Asia and the Middle East

A trader said: “The continued difficulties of tank containers (transportation) will cause large price differences in different regions
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Due to freight, the price gap between Europe and Asia will widen

In the butadiene market, after the North American winter storm in mid-February, the supply chain was interrupted, prices were supported, and demand recovered
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In the past few years, butadiene trade flows from Europe to the United States and Asia, while Asian styrene butadiene rubber (SBR) flows to the United States

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