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 […]
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 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 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 […]
European propylene markets remained firmly anchored on Monday as both polymer-grade and CIF NWE prices held steady, reflecting a balanced yet cautious trading environment. Polymer-grade spot propylene was assessed at €750–760/mt FD NWE, while CIF Northwest Europe prices were unchanged at €770–780/mt, mirroring last Friday’s levels. A Europe-based industry source, speaking on condition of anonymity, […]
European ethylene markets remained subdued on Monday, with prices unchanged from last Friday’s levels despite soft market momentum. CIF Northwest Europe ethylene was assessed at USD 800–810/mt, and FD NWE spot was steady at €705–715/mt. An industry source, speaking on condition of anonymity, told our team: “Buying interest for ethylene in the region remained muted, […]
US propylene prices in the US Gulf Coast market remained unchanged on Monday, underscoring a continuation of subdued trading activity across both polymer-grade and refinery-grade grades. Polymer-grade propylene was assessed at 35.00–35.50 cents per pound (FD US Gulf), while refinery-grade held firm at 29.00–29.50 cents per pound, identical to last Friday’s levels. Industry participants attributed the rollover […]
Ethylene markets in the United States began the week on a quiet note, defying upward momentum in upstream energy markets. Despite a firming tone in crude oil and naphtha prices- both key feedstocks in ethylene production, spot ethylene prices remained largely unchanged on Monday, reflecting subdued trading sentiment and limited downstream demand. According to industry […]
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