Occidental Petroleum is edging closer to a blockbuster deal that could reshape its business. The Houston-based energy giant confirmed it is in advanced talks to sell its chemical arm, OxyChem, in a transaction valued at no less than $10 billion. News of the potential sale sent Occidental’s shares up more than 1 percent in premarket […]
In a recent market whisper from Pakistan, a source revealed that a Middle Eastern producer is reportedly offering HDPE blow moulding grade at USD 970 per metric ton, with delivery on a CFR Karachi basis for shipments in October 2025. The terms specify LC at sight or 30 days, with premiums of USD 5/mt for […]
In a fresh development in Pakistan’s plastics import market, a source in Pakistan revealed that a Middle Eastern producer has offered its LLDPE rotomolding grade at USD 1,040 per metric ton, for October 2025 shipments on a CFR Karachi basis. The terms include LC at sight or 30 days, with premiums of USD 5/mt for […]
Oil markets pulled back last week as traders weighed growing supply concerns and softer demand signals. Brent crude settled at USD 68.33 per barrel, down 0.89 (–1.29 percent), while WTI crude closed at USD 64.76 per barrel, slipping 0.96 (–1.46 percent). The December 2025 contract anchored the Brent figure, while WTI’s reference was tied to […]
The U.S. propylene market delivered a split performance last week, with polymer grade propylene (PGP) slipping under the weight of oversupply and muted demand, while refinery grade propylene (RGP) held steady. An industry source told that the polymer grade spot market remains weak due to stable fundamentals. Oversupply and subdued downstream demand continue to exert […]
Ethylene spot prices in the U.S. softened last week, driven by a supply-demand imbalance. A source told that “abundant availability from consistent production has led to elevated stock levels, outpacing demand and pushing prices downward.” Key downstream sectors like packaging and construction have scaled back purchases, weakening sentiment and stalling any potential price recovery. Although […]
Crude oil futures closed the week higher on Friday, lifted by a tangle of geopolitical shocks that tightened supply from major producers even as trade tensions and demand worries limited the rally. Benchmark Brent gained 1.02 percent, settling at US $70.13 a barrel on the ICE exchange, while West Texas Intermediate rose 1.14 percent to […]
HDPE prices slipped across parts of Asia this week while holding steady elsewhere. Crude oil kept climbing on the back of Russia-Ukraine tensions and the threat of new U.S. sanctions that could rattle supply chains. China’s polyethylene imports stayed firm but faced stiff competition from cheaper U.S. cargoes, even as Middle Eastern suppliers nudged prices […]
European polyethylene markets drifted lower or held flat this week, weighed down by ample imports, thin downstream demand and a lack of conviction ahead of the year’s final quarter. Sellers across grades are intent on clearing inventory before December, but buyers continue to purchase only what they need, leaving sentiment muted. High-density polyethylene (HDPE) film […]
High-density polyethylene (HDPE) film export prices in the United States slipped this week under the weight of soft domestic and overseas demand. Producers tried to hold or lift prices, but buyers resisted as inventories stayed ample and production remained steady. Latin American and Asian markets pushed back on US cargoes, citing cheaper regional alternatives and […]
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