Oil benchmarks edged lower on Tuesday, with both Brent and WTI crude futures closing in the red. Brent crude for December 2025 delivery settled at USD 66.32 per barrel, after trading between a high of USD 66.83 and a low of USD 66.10. The contract slipped by 77 cents on the day, marking a 1.15% […]
The European ethylene contract price for October 2025 has been finalized, with no change from the previous month. A market source told that the settlement was agreed at €1130 per metric ton FD North West Europe, mirroring September’s level. The rollover comes as little surprise to industry players who had anticipated stability amid balanced fundamentals. […]
Propylene markets in Europe opened the week flat, with prices left unchanged on Monday. According to an industry source who spoke on condition of anonymity, the numbers held steady but the mood was subdued. Weak buying interest and sluggish demand fundamentals continued to weigh on downstream sectors across the region, leaving buyers hesitant to commit. […]
Shandong Yulong Petrochemical has temporarily shut down its No.1 Polypropylene (PP) unit in Yantai, China. Market sources told that the unit was taken offline on September 26, 2025, to undergo maintenance. The duration of the outage remains uncertain, with no official word from company representatives so far. The No.1 PP unit, which boasts a production […]
Petronas Chemicals Aromatics (PCA) is preparing to bring its Paraxylene (PX) plant in Kerteh, Malaysia, back online after nearly two months of downtime. According to a source, operations are expected to resume by mid-October 2025, following a maintenance shutdown that began in the latter half of August. While the reported timeline points to a restart […]
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 […]
Whispers in China’s chemical corridors suggest that Guangxi Huayi Energy Chemical has quietly brought its No. 2 acetic acid plant in Qinzhou back online around September 25, 2025, following a scheduled maintenance shutdown beginning September 17. A source based in China relayed the restart, though no formal confirmation has come from company officials. The Qinzhou […]
In southern Spain, chemical circles are abuzz with news that Moeve (formerly Cepsa Quimica) may take its phenol and acetone plant in Huelva offline for maintenance during the fourth quarter of 2025. A source in Spain shared that “the company is in plans to shut the plant in Q4 2025 for maintenance. The exact date […]
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