By Polymers

ScrapMonster Contributor

SEATTLE (polymers.in):  Natural gas prices will remain low for a while
- Nymex exchange dipped to USD 2.63 on February 21, down a third since December.
- On February 21, front-month gas futures fell by more than 7%. 

Analysis: Singapore can't afford to let oil exports lose edge despite carbon tax
- Southeast Asia’s first carbon tax will likely cost between USD 10 - 20/MT of emissions.
- Singapore meet its commitment to cut emissions by 36% below 2005 levels by 2030 under the Paris Agreement.
- Shell, which operates a 500,000 bbl/day Bukon refinery in Singapore, it was committed to working with the government on cutting emissions. 

Rosneft Aims to Expand Oil-Trading Business With New Crude Deals
- Rosneft PJSC will expand its oil trading operations and seek more prepaid supply deals.
- Rosneft wants to be in a position where it has myriad choices for each cargo of crude. 

Canada's Fading Oil Promise Leaves US Majors Struggling
- Exxon Mobil Corp. slashed proved reserves the most in its modern history after removing the entire USD 16 billion.
- Oil Sands Ltd. less than a year ago, is down more than 3% this year in Toronto.

Feedstock (Ethane, Ethylene, Propane, Propylene, PX, PTA, MEG, EDC, VCM)
Q2 European methanol contract price seen at least 10% higher than Q1 CP
- Estimates by traders of the Q2 contract price ranged from EUR 390 - 440/MT FOB Rotterdam.
- European spot methanol was last assessed at EUR 387.50/MT FOB Rotterdam. 

US initial Feb propylene contracts settle up 6.5 cents/lb.
- US propylene contracts for February are beginning to settle at an increase of 6.5 cents/lb.
- February PGP at 48 cents/lb. and CGP at 46.5 cents/lb.
- Front-month February PGP traded on Wednesday at 49 cents/lb., up from the last deals at 46.25 cents/lb. in the previous week.

Polymers Supply
TPI Polene plans maintenance at EVA/LDPE swing plant
- TPI Polene is likely to taken an EVA/LDPE swing plant off-stream in March 2017.
- TPI is located in Map Ta Phut in Thailand, the plant has a production capacity of 150,000 MT/year.

Courtesy: www.polymers.io