Polypropylene (PP) prices in the Gulf Cooperation Council (GCC) region remained unchanged this week, with market sentiment balanced but clouded by geopolitical uncertainty. A regional industry source told that, “Prices of polypropylene stayed steady in the GCC, with fundamentals largely in equilibrium. However, concerns about a possible resurgence of conflict between Israel and Iran have […]
Chinese polymer futures closed in negative territory this week, with contracts for linear low-density polyethylene (LLDPE), polypropylene (PP), polyvinyl chloride (PVC), and monoethylene glycol (MEG) all posting declines as sluggish demand and persistent oversupply weighed on sentiment. On the Dalian Commodity Exchange, LLDPE (l2601) futures opened at RMB 7,280 (USD 848/mt) and fluctuated between RMB […]
Polyethylene terephthalate (PET) bottle grade prices in the Gulf Cooperation Council (GCC) region remained unchanged this week, as market participants adopted a cautious stance amid geopolitical uncertainty and muted trading activity. According to a regional industry source, “Prices of PET stayed consistent as purchasers refrained from making large acquisitions pending new import offers from international […]
Propylene markets in the United States showed a mixed performance last week, with refinery-grade propylene (RGP) recording modest gains while polymer-grade propylene (PGP) remained largely unchanged as sentiment stayed cautious. According to an industry source, RGP prices edged higher, buoyed by stronger bids in the railcar sector and spillover momentum from earlier gains in the […]
Monoethylene glycol (MEG) prices in the United States remained flat last week, with market sentiment subdued despite the restart of a major production facility in Louisiana. An industry source told that, “US MEG prices remained stable as offers stayed the same after a major producer returned to the market. Spot offers were noted to be […]
US spot ethylene prices fell further last week, extending a downward trend that has persisted through August despite reports of supply disruptions at major olefins facilities. Market sentiment remained bearish as ample availability and weak downstream demand outweighed temporary outages. A market source told that, “Spot ethylene prices in the U.S. kept declining, even with […]
Ethylene prices in Asia climbed higher last week, buoyed by supply constraints and reduced spot availability, even as downstream fundamentals remained weak. An industry source told, that the upward move was largely driven by a shortage of September-loading cargoes, as producers across the region continued to run plants at reduced operating rates due to both […]
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 […]
Shanxi Woneng Chemical has successfully resumed operations at its monoethylene glycol (MEG) unit in Linfen, Shanxi province, after completing a maintenance turnaround earlier this month. According to a source in China, “The company is reported to have brought the unit back on stream around August 28, 2025, following a turnaround. The unit had been shut […]
Sinopec Guangzhou Petrochemical is preparing to take its linear low-density polyethylene (LLDPE) unit offline later this year as part of scheduled maintenance, according to market sources. A source in China told Polymerduniya, “The company is expected to halt operations at the unit for maintenance in the fourth quarter of 2025. However, the exact date and […]
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