PERTH – Oil fell from a near 4-month high to around $51 on Friday, paring the previous session’s 7 percent gain, on doubts over the effectiveness of the U.S. Federal Reserve’s $1 trillion package to revive the economy. Oil jumped on Thursday to $51.61 a barrel, the highest settlement since November 28, after the Fed’s […]

Spot ethylene traded in familiar territory Thursday and propylene was again quiet while energy gains dominated the day’s headlines. NGLs were up across the board, and benzene prices rose as well. Spot resins market activity was again subdued. Ethylene traded at 23.25 cpp for April (Wms system) and on a PCW index basis. 2Q also […]

Plastic prices in the Kingdom have fallen by 50 percent following the global economic crisis in general and as a result of the steep slide in oil prices in particular. According to Saudi market experts, the local industry is affected by the world crisis only in a limited manner. They believe that situation may lead […]

Price ideas were steady for spot ethylene and propylene Wednesday. NGLs were mostly higher and spot resin trading was slow.No fixed-price spot deals were confirmed. An April-July ethylene strip and a 2Q strip both traded on a PCW index basis. Several bids and offers were seen for formula and index-based deals throughout the day stretching […]

PERTH – Oil fell from a 2-1/2-month high to below $49 a barrel on Wednesday, after bearish industry data showing large builds in U.S. crude stocks eroded investor sentiment from better-than-expected U.S. housing data. Analysts said data from the American Petroleum Institute, which showed crude stocks rose much more than expected last week, reflected poor […]

Polymer prices today remained unchanged in the national capital in the absence of demand from plastic bag makers and moulding units. Marketmen said apart from adequate stocks, absence of demand from plastic moulding units mainly kept polymer prices unchanged. Following were today&aposs quotations in Rs per kg:. LD No 40 -71.00, LD No 400 – […]