Released on: January 11, 2008, 1:39 am

Press Release Author: Polymerupdate

Industry: Chemicals

Press Release Summary: Polymerupdate's Asian Petrochemical Monthly Price Watch
Report for December 2007 states,

Press Release Body: Crude oil prices rose sharply on December 26. Nymex Crude
futures surged sharply to last trade at USD 95.97/barrel while Dated Brent spot
prices ended the trading day higher at USD 94.24/barrel. WTI Cushing prices ended
the trading day up at USD 95.97/barrel. Asian open spec naphtha prices on December
13 assessed sharply higher with bids for the 2nd half of January at the USD 884/mt
CFR Far East levels while the ask rate was at the USD 886/mt CFR Far East levels.

LLDPE prices which during week 3 in Asia galloped higher by a whopping USD 30/mt to
USD 40/mt in some parts of the region, continued to remain pegged firm on December
26. Prices of PP in Asia during week 4 did not register any gains as buying activity
in the region remained subdued

Benzene prices on December 21 raced higher in Asia. FOB Korea price discussions were
at above the USD 995/mt levels. Methanol prices in some parts of Asia continued to
correct lower through week 3. Butadiene prices rallied in Asia during week 3. Prices
of butadiene were up more than USD 120/mt with rates rising to above the USD 1560/mt
FOB Korea levels

MEG prices in Asia tumbled during week 3. Asian prices of DOP pulled lower during
week 3 as regional demand was seen sluggish. 2 EH prices in Asia during week 3 edged
higher, climbing as regional availability remained very limited
______________________________________________________________________________
Polymerupdate.com, is World\'s fastest growing destination for plastics market
intelligence. Polymerupdate, through its news and price alerts aims to help
companies worldwide increase their revenues and profits by providing them with
quality and business critical information.

Asian Petrochemical Monthly Price Watch Report is a polymer market synopsis for the
month, which will prove most useful in making accurate prices judgments in a market
subject to highly volatile situations like increases/reductions of prices, force
majeures / unplanned shutdowns and scheduled repairs at global resin manufacturing
facilities. The report will help the trading community make precise trade decisions
based on prices obtained from confirmed trade sources.

Published monthly, this report provides information on market news, price movements,
graphical trends & plant update of polymers, Aromatics, Olefins, Feedstock and
Petrochemicals Intermediates in the Asian markets. Monthly reports are available
online. The study covers Far East Asia, South East Asia and South Asia

For more information on Polymerupdate\'s Monthly Price Watch, visit our website at
www.polymerupdate.com or contact:

Hetal Yagnik
Polymerupdate.com
344, A-Z Industrial Estate, G.K. Marg, Near Peninsula Park Lower Parel,
Mumbai-400013 Maharashtra, INDIA
Tel: +91-22-30408821-25 Fax: +91-22-30408826
Email: hetal@polymerupdate.com


Web Site: http://www.polymerupdate.com

Contact Details: Polymerupdate.com
344, A-Z Industrial Estate, G.K. Marg, Near Peninsula Park Lower Parel,
Mumbai-400013 Maharashtra, INDIA
Tel: +91-22-30408821-25
Fax: +91-22-30408826
Email: info@polymerupdate.com