2nd Asian ** Quotes Review

On Thursday, crude oil rose, and Asian yoy closed at 844.5-845.5 USD/ton FOB Korea and 833-834 USD/ton FOB Southeast Asia, rising by 14.5 and 15.75 USD/ton respectively. In the morning, the ship's offer in October was at 855-860 U.S. dollars per ton, and the offer was at 830-845 U.S. dollars per ton. The following October cargo negotiations were at $840-855/t. Shippers in November talked at $850-860/t. In terms of shipping, it is reported that 6,000 tons will be shipped to the Middle East, and another 6,000 tons from Indonesia will be shipped to Taiwan by the end of September. In India, about 9,000 tons will be shipped to the west coast of the United States. At present, the main reason for attracting ** in the Middle East is that the downstream products (such as CYC, SM, phenol, etc.) are profitable.

In Southeast Asia, supply decreased due to the decrease in the operating rate of PTT installations in Thailand. The company's No. 2 aromatics complex has a capacity of 355 thousand tons and No. 1 unit has a capacity of 307 thousand tons per year. At present, the operating rate of its PX devices has dropped to 85%.