Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Oil & Gas and Petrochemicals
GRMs decline in Feb/Mar ‘12, LPG under-recovery at all time high
· Benchmark Singapore decline in Feb12 as spreads on HSD, ATF and fuel oil come under pressure. Avg $7.9/bbl in Feb12 v/s $9.2/bbl in Jan12. Q4FY12 YTD avg at $8.4/bbl v/s $6.5/bbl in Q3FY12
· Cracker margins decline in Feb12 as by-product prices fail to catch up. Average for Feb12 stand at US$148/ton v/s US$166/ton in Jan12. Q4FY12 YTD avg at $150/ton v/s $13/ton in Q3FY12
· In Mar12 IEA has cut incremental demand outlook by 0.2mbpd for 2012 - fifth time in last six months. Revised demand for 2012 now stands at 89.9mbpd an increase of 0.8mbpd over 2011
· With in polymers, PE margins declined MoM, while PP margins recovered. Poylester chain has been mixed, with decline in margins for fibre intermediates i.e. PTA-PX margins and MEG-Ethylene, while margins for PFY/PSF increase
|
|
|
|
|
No comments:
Post a Comment