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 […]
Thai Lube Base has resumed operations at its Group I base oils facility in Sriracha, Thailand, after completing a maintenance turnaround that kept the plant offline for several weeks. According to a source in Thailand, “The company is reported to have restarted its unit in mid-August 2025, following a maintenance turnaround. The unit had been […]
Sinopec Maoming Petrochemical has taken its linear low-density polyethylene (LLDPE) unit offline in Guangdong, China, after initiating a maintenance turnaround late last week. According to a Polymerduniya source, “The company is heard to have halted operations at the unit for maintenance around August 25, 2025. Details regarding the duration of the shutdown could not be […]
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 […]
ABB has entered a landmark supply agreement with Citroniq to provide advanced automation, electrification, and digital technologies for what is set to become the world’s first full commercial-scale biogenic polypropylene facility. The project, located in Nebraska, will use corn-based ethanol feedstock to produce fully certified 100% bio-based polypropylene, with operations scheduled to begin in 2029. […]
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