Borouge Plc, the UAE-based polyolefins major, posted a second-quarter net profit of $193 million in 2025, outperforming market forecasts despite a scheduled turnaround at its Borouge 3 facility. The company maintained healthy margins and reaffirmed plans to increase its full-year dividend, signaling strong financial health and investor confidence. Second-quarter adjusted EBITDA came in at $440 […]
In a bold move signaling China’s next stage of petrochemical ambition, Shandong Yulong Petrochemical has proposed a ¥117.86 billion (USD 16.42 billion) project to integrate high-value petrochemical production into its sprawling Yantai refinery complex. Derived from a government notice issued by the Ministry of Natural Resources and reported by Jiemian News, the plan outlines a major transformation: feedstocks […]
A Polymerduniya source in Pakistan reports that a Saudi-connected trader based in Iran has floated an offer for HDPE pipe (PE100 Black), origin Iran, targeting August 2025 delivery on an FCA Arak basis at USD 949 per tonne. While downstream specifiers may evaluate the competitive positioning, potential users are advised to examine underlying logistics, quality parameters, […]
The Dalian Commodity Exchange futures contracts for July 30, 2025 showed mixed performance across key polymers, with LLDPE turning positive, PP flat to slightly lower, and PVC edging down, while MEG held steady against unchanged currency conditions (USD 1 = CNY 7.18). LLDPE (Contract l2509) opened at RMB 7,399 (USD 856), traded between RMB 7,432–7,369, and closed at RMB 7,387 (USD 855), […]
European ethylene prices saw a mild decline on Tuesday amid persistent weakness in downstream demand, while Asian markets held firm, reflecting divergent regional dynamics. Industry sources reported that CIF NWE ethylene prices in Europe dropped by USD 5/mt, settling at USD 820–830/mt CIF NWE, signaling cautious market sentiment as buyers remain wary of overstocking amid abundant supply […]
Propylene prices in Europe remained unchanged on Tuesday, with both spot and CIF NWE levels holding steady amid a stable supply backdrop and cautious buyer behavior. A regional industry source, speaking on condition of anonymity, noted that the European propylene market maintained price stability due to ample material availability. Buyers continued to purchase only essential […]
Asia’s propylene prices remained unchanged on Tuesday, holding steady in the face of bullish crude and naphtha trends. According to a regional industry source speaking to our respondents on condition of anonymity, subdued buying sentiment quelled any upward pressure while pricing levels stayed flat. FOB Korea propylene remained at USD 735–745/mt, unchanged from Monday. CFR […]
Ethylene prices across Asia showed no movement on Tuesday, remaining steady at USD 815–825/mt CFR North East Asia and USD 825–835/mt CFR South East Asia, in line with Monday’s assessments. Despite bullish energy trends and volatile crude markets, industry sources report a cautious market mood with limited trading activity. The prevailing sentiment remains subdued, with buyers shelving fresh orders […]
Futures trading on the Dalian Commodity Exchange (Contract 2509) on 29 July 2025 showed a mixed performance across polymer segments, with market dynamics reflecting shifting sentiment and directionality within Asia’s polyolefin complex. Polypropylene (PP) futures rose to CNY 7,160/ton, up CNY 13, with the USD equivalent closing at $884/ton, marking a modest increase of $2. Meanwhile, LLDPE futures advanced […]
Across Asia, ethylene market dynamics remained unchanged on Monday, with both Northeast and Southeast markets seeing sustained price stability. CFR Northeast Asia prices held at USD 815–825/mt and CFR Southeast Asia remained firm at USD 825–835/mt, mirroring Friday’s levels. Despite an uptick in energy benchmarks, the market showed limited trading momentum. A regionally based industry source explained […]
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