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Shell Plans Maintenance for EG/EO Units in Louisiana; Celanese Eyes Acetic Acid Shutdown in Nanjing

25/07/2025

Shell Chemicals has announced a planned maintenance program for its ethylene glycol (EG) and ethylene oxide (EO) units at the Geismar, Louisiana site, scheduled for August 2025. According to industry sources, the company will temporarily halt operations at both units, though exact dates and downtime are yet to be confirmed. The EG unit capacity stands […]

EU Imposes Provisional Anti-Dumping Duties on ABS Imports from South Korea, Taiwan

25/07/2025

The European Commission has initiated provisional anti-dumping duties on acrylonitrile-butadiene-styrene (ABS) resin imports originating from South Korea and Taiwan, following conclusive findings of injurious price undercutting that have harmed the EU plastics industry. Duty levels vary by exporter: South Korea’s LG Chem faces a duty of 3.7%, Lotte Chemical is subject to 5.8%, while other […]

August Butadiene Contract in Northwest Europe Falls €20/t to €750/t

25/07/2025

The August butadiene contract for Northwest Europe has been finalized at €750 per tonne, marking a €20 decrease from July’s agreed level of €770/t, according to market sources. This downward adjustment reflects the ongoing rebalancing in the European butadiene market, where steady demand and ample feedstock availability have eased pricing pressure. While inventory levels remain […]

U.S. and EU Near Agreement on 15% Tariff Deal Amid Threat of Retaliatory Measures

25/07/2025

The United States and the European Union are edging closer to a trade agreement that would institute a 15% reciprocal tariff on most EU exports to the U.S., mirroring the framework recently adopted in a similar deal with Japan. Certain high-profile categories, such as aircraft, spirits, and medical devices, would likely be exempted under the […]

Nayara Energy Reaffirms ₹70,000 Cr Investment Despite EU Sanctions Backlash

23/07/2025

Rosneft-backed Nayara Energy has doubled down on its long-term commitment to India’s downstream energy expansion, reaffirming plans to invest ₹70,000 crore (approximately $8 billion) in refining, petrochemicals, ethanol plants, and retail infrastructure, even as it finds itself ensnared in the European Union’s latest sanctions package targeting Russian-linked oil interests. In a strongly worded statement, Nayara slammed the […]

Asian Propylene Prices Slide Amid Fresh Output and Weak Demand Ahead

21/07/2025

Propylene prices in parts of Asia softened last week as a wave of new supply weighed against lackluster downstream demand. FOB Japan pricing eased to USD 740–750/mt (down USD 5/mt), while Taiwan’s CFR pricing dropped more sharply to USD 775–785/mt (down USD 15/mt). Prices in China’s CFR market also edged lower to USD 765–775/mt, again slipping by USD 5/mt week on […]

Manali Petrochemicals Enlarges Propylene Glycol Capacity to 72,000 TPA Ahead of Regulatory Go-Ahead

19/07/2025

Manali Petrochemicals Ltd (MPL), a Chennai‑based subsidiary of Singapore’s AM International, has announced a major expansion of its propylene glycol plant, raising its annual production capacity from 22,000 tonnes to 72,000 tonnes. The upgraded facility is pending formal approval and is set to commence operations once it secures the Consent to Operate (CTO) from the Tamil Nadu State […]

EU’s 18th Sanctions Package Throws Rosneft’s Nayara Stake Sale into Doubt

19/07/2025

Rosneft’s bid to offload its 49.13% stake in Nayara Energy is now imperiled following the European Union’s most recent sanctions package targeting Russian energy ties, according to a Bloomberg report. As part of the EU’s 18th round of sanctions, refined petroleum products derived from Russian crude, even when processed in third-country facilities, are expressly banned, […]

US Ethylene Rollover Bolstered by Cracker Disruptions as Asian Prices Stay Firm

18/07/2025

US ethylene prices remained stable on Wednesday, with spot assessments holding at 24.50–25.00 cents/lb FD US Gulf, unchanged from Tuesday. A market source noted that “US ethylene prices remained stable, with reports indicating the emergence of a few cracker issues in the market.” The market’s resilience has been supported by mild disruptions at Gulf Coast crackers, […]

Vietnam Imposes 2% Import Duty on HDPE & LLDPE to Support Long Son Petrochemical

18/07/2025

Vietnam has implemented a 2% import duty on HDPE and LLDPE, effective July 8, 2025, aiming to shield its only domestic polyolefin producer, Long Son Petrochemical (LSP), from a surge of low-priced imports, particularly from Southeast Asia and China. LSP had lobbied for a 3% tariff during the development of its new facility, but downstream […]

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European HDPE Market Weakens as Film and Blow Moulding Grades Slip; Injection Prices Hold Steady Amid Ample Supply and Tepid Demand

European Ethylene Market Shows Mixed Signals as Spot Prices Edge Higher and Import Values Weaken; Asian Prices Continue Downward Slide

European PET Market Holds Steady as Ample Supply and Weak Demand Keep Prices Flat Across Regions

European LDPE Contract Prices Edge Lower on Subdued Demand and Overseas Competition; Spot Market Remains Stable Despite Rising Feedstock Costs

China Polyolefin Futures Slip Amid Weak Market Sentiment; PVC and MEG Follow with Broad-Based Losses

European PVC Spot Prices Strengthen on Improved Demand and Rising Feedstock Costs; Contract Levels Hold Steady Across Key Markets

Category: Latest News

European HDPE Market Weakens as Film and Blow Moulding Grades Slip; Injection Prices Hold Steady Amid Ample Supply and Tepid Demand

Shell Plans Maintenance for EG/EO Units in Louisiana; Celanese Eyes Acetic Acid Shutdown in Nanjing

EU Imposes Provisional Anti-Dumping Duties on ABS Imports from South Korea, Taiwan

August Butadiene Contract in Northwest Europe Falls €20/t to €750/t

U.S. and EU Near Agreement on 15% Tariff Deal Amid Threat of Retaliatory Measures

Nayara Energy Reaffirms ₹70,000 Cr Investment Despite EU Sanctions Backlash

Asian Propylene Prices Slide Amid Fresh Output and Weak Demand Ahead

Manali Petrochemicals Enlarges Propylene Glycol Capacity to 72,000 TPA Ahead of Regulatory Go-Ahead

EU’s 18th Sanctions Package Throws Rosneft’s Nayara Stake Sale into Doubt

US Ethylene Rollover Bolstered by Cracker Disruptions as Asian Prices Stay Firm

Vietnam Imposes 2% Import Duty on HDPE & LLDPE to Support Long Son Petrochemical

Recent News

European HDPE Market Weakens as Film and Blow Moulding Grades Slip; Injection Prices Hold Steady Amid Ample Supply and Tepid Demand

European Ethylene Market Shows Mixed Signals as Spot Prices Edge Higher and Import Values Weaken; Asian Prices Continue Downward Slide

European PET Market Holds Steady as Ample Supply and Weak Demand Keep Prices Flat Across Regions

European LDPE Contract Prices Edge Lower on Subdued Demand and Overseas Competition; Spot Market Remains Stable Despite Rising Feedstock Costs

China Polyolefin Futures Slip Amid Weak Market Sentiment; PVC and MEG Follow with Broad-Based Losses

European PVC Spot Prices Strengthen on Improved Demand and Rising Feedstock Costs; Contract Levels Hold Steady Across Key Markets

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