Sector Update Oil & Gas and Petrochemicals Refining margins recover ·::Emkay

Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��

Sector Update

Oil & Gas and Petrochemicals Refining margins recover ·      Benchmark Singapore refining margins recover in Jan12 to average at US$8.8/bbl for month till date v/s US$5.1bbl in Dec11 and US$6.6/bbl for Dec11Qtr. ·      Cracker margins increase Jan12 on the back of higher olefin and aromatic prices. Average for Jan12 stand at US$146/ton v/s US$109/ton in Dec11 and US$5/ton for Dec11Qtr. ·      In Jan. 2012 IEA has cut incremental demand outlook by 0.5mbpd for 2012 - fourth time in last six months. Revised demand for 2012 stood at 90.1mbpd an increase of 1.1mbpd over 2011 ·      With in polymers, PE margins increase MoM, while PP margins see pressure. Poylester chain has been mixed, with decline in PFY/PSF and PTA-PX margins, while MEG-Ethylene margins increased