Asia-Pacific spot BD prices stopped falling last week...
Longer term outlook
Crude oil and naphtha feedstock prices will stay low, and cracker and BD plant margins will rise and fall will supply and demand swings...
The US BD contract price for June fell by $88/t, while the European monthly contract price dropped by month-to-date average of $337/t....
Global crude and feedstocks
US natural gas
Supply and demand outlook - US
The North American BD market is comfortably balanced in June...
BD demand in North America is expected to be steady throughout the third quarter...
Supply and demand outlook - Europe
The European monthly contract price (MCP) for June settled at €1,225/t (about $1,375/t), free delivered basis, which is a decrease of €300/t from the May MCP...
BD demand in Europe is usually a combination of consumption and exports...
Supply and demand outlook – Asia-Pacific
BD supply in Asia-Pacific markets has been more than adequate in May and for most of June...
Through May, Chinese auto sales year to date have slowed, but are still 2.4pc ahead of the previous year’s results...