In a sign of shifting dynamics in China’s polyester raw-material landscape, INEOS Zhuhai is reportedly gearing up to bring its No.3 Purified Terephthalic Acid (PTA) plant back online in early October, following a maintenance shutdown that began on September 23, 2025. A source based in China told an industry team member that “the company plans […]
Mumbai-headquartered Supreme Petrochem Ltd (SPL), India’s leading polystyrene producer and exporter, has made a bold entry into engineering plastics with the commissioning of its first ABS (acrylonitrile butadiene styrene) production line. Located at the Amdoshi plant in Nagothane, Maharashtra, the new unit boasts an annual capacity of 70,000 tonnes and officially began operations on September […]
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 […]
In response to languishing demand and an already saturated market, a number of Chinese petrochemical producers have scaled back operations at their propane dehydrogenation (PDH) units. The moves collectively affect about 3.8 million tonnes per year in propylene capacity. For many in the industry, this is a signal: the balance between supply and actual consumption […]
Over the next two years, China is set to implement an ambitious blueprint to reshape its petrochemical industry, one that tightens the reins on raw expansion and nudges the sector toward smarter, sustainable development. At the heart of the plan is a firm decision: no unchecked new refining capacity. Any additional refining must come through […]
Sinopec Tianjin Petrochemical is preparing to bring its paraxylene unit back online in the first half of October 2025, ending a maintenance shutdown that began on July 21. A market source in China said the company is expected to resume operations as planned, though independent confirmation remains pending. The Tianjin facility, with an annual production […]
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 […]
Xiang Lu Petrochemical has restarted its purified terephthalic acid plants in Zhangzhou, restoring one of China’s largest PTA capacities to the market after a lengthy maintenance pause. Industry contacts told that the complex resumed operations around September 25, 2025, following a turnaround that began in late June. While the company has not released an official […]
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