Fresh offers for polyethylene terephthalate (PET) resin have surfaced from Vietnam, with a domestic producer heard to have quoted bottle-grade PET (IV 0.84) at USD 865 per metric ton on an FOB basis for September 2025 shipment. According to a source in Vietnam, the announcement comes at a time when sentiment in the Asian PET […]
The European ethylene contract price for September 2025 has settled marginally higher, reflecting a market still balanced between steady demand and ample availability. According to a source, the benchmark contract price was finalized at EUR 1,130 per metric ton FD Northwest Europe, up by EUR 5/mt from August’s settlement level. Market participants described the modest […]
Propylene contract prices in the United States settled lower for August 2025, reflecting weaker downstream demand and steady supply levels that continue to weigh on market sentiment. According to a local industry source, polymer grade propylene (PGP) contracts for August finalized at 35.50 cents per pound, while chemical grade propylene (CGP) settled at 34.00 cents […]
Crude oil prices fell on Friday, snapping a two-day rally, as slowing US summer demand and renewed supply concerns from OPEC+ weighed on sentiment. The decline came even as the Russia–Ukraine war showed no signs of resolution, with the European Union weighing secondary sanctions on Russian crude buyers. Moscow’s steady exports to India, China, and […]
Reliance Industries Ltd (RIL), India’s largest petrochemical producer, has revised its domestic prices of purified terephthalic acid (PTA), announcing an upward adjustment effective August 30, 2025. According to a domestic industry source, RIL increased PTA prices by ₹1.20/kg, setting the new basic price at ₹75.50/kg. The revision comes amid fluctuating regional demand trends and changes […]
The European polymer market showed a divided picture this week, with spot HDPE and LDPE prices easing on sluggish demand and sufficient supply, while LLDPE managed to hold firmer thanks to reduced availability and selective demand support. Contract prices across most polyethylene grades, however, rolled over as market participants awaited clearer direction from September negotiations. […]
The US polymer market faced another bearish week, with most polyethylene grades drifting lower and PVC export prices collapsing to levels under USD 600/mt. Ample supply, soft global demand, and growing competition from overseas producers have kept sentiment weak, leaving traders and producers struggling to maintain margins. High-density polyethylene (HDPE) export prices moved lower, weighed […]
Asian polyethylene and polypropylene markets displayed mixed trends this week, with most grades holding steady while certain segments posted modest movements against a backdrop of oversupply, muted demand, and heightened geopolitical tensions. Market participants pointed to the Russia–Ukraine conflict and its impact on energy infrastructure as a source of short-term volatility, though futures markets signaled […]
Saudi producer SABIC has released new polyethylene offers to Pakistan, covering a range of grades for upcoming shipments. Market sources reported that LLDPE 118WJ was offered at USD 1,040/mt, while LLDPE 119ZJ was quoted slightly lower at USD 1,030/mt. HDPE 952 was priced at USD 980/mt, and LDPE 4024WN stood at USD 1,170/mt. The latest […]
Fresh polypropylene (PP) offers from Saudi Arabia have emerged for October 2025 shipment, with prices for both raffia and injection grades reported at USD 905/mt. According to market sources, APC’s PP H312/1102K raffia grade (MFI 3.4) and PP H129/1100N injection grade (MFI 12) have both been offered at the same level of USD 905/mt. Payment […]
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