Last week, ethylene prices across Asia were largely unchanged, underscoring a subdued trading landscape. FOB Korea assessments stood at USD 770–780/mt, while FOB Japan held at USD 765–775/mt, both mirroring prices from the preceding week. CFR Northeast Asia ethylene remained flat at USD 815–825/mt, and CFR Southeast Asia also held steady at USD 825–835/mt. Market participants noted a distinct […]
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 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 […]
Inventory levels at China’s two leading polyolefin producers continued their upward trajectory in the week ending July 18, climbing by approximately 45,000 tonnes to reach 770,000 tonnes, an increase of over 6% from the prior week, according to market sources. This accumulation marks the latest chapter in a persistent upward trend, as weak demand from […]
India’s state-run Oil and Natural Gas Corporation (ONGC) is exploring the development of a new refinery in Jamnagar, Gujarat, with a prospective capacity of 200,000 to 240,000 barrels per day, according to a company source speaking on the condition of anonymity. A pre-feasibility study is currently underway, although formal approval or detailed plans have yet […]
U.S. polymer-grade propylene prices edged lower on Wednesday, slipping to 34.50–35.00 ¢/lb FD US Gulf, down by roughly 0.05 ¢/lb from Tuesday, while refinery-grade spot held steady at 31.50–32.00 ¢/lb FD US Gulf, unchanged. A market participant, speaking anonymously, explained: “Spot PGP prices fell due to a weak trading momentum, mirroring subdued demand sentiments. Looking ahead, an anticipated […]
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, […]
Ethylene prices in Asia held steady on Tuesday despite bearish signals from energy markets. CFR Northeast Asia ethylene was assessed at USD 815–825/mt, unchanged from Monday’s assessment, while CFR Southeast Asia remained flat at USD 825–835/mt, according to a regional industry source who noted that “prices remained constant amid a muted buying momentum in the Asian markets.” […]
Propylene prices in Asia remained stable on Tuesday, showing resilience in the face of declining energy values. Despite softer crude and feedstock dynamics, regional benchmarks were assessed unchanged, as buying activity stayed subdued and market participants maintained a cautious stance. A regional trader, speaking on condition of anonymity, noted, “Prices were left unchanged on the […]
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, […]
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