Propylene prices in Korea fell modestly on Wednesday amid weakening regional demand, while Chinese pricing remained unchanged. FOB Korea assessments dropped by USD 10/mt, settling at USD 725–735/mt, from Tuesday levels. A market insider attributed the slide to “weak regional buying sentiment,” as downstream converters remained cautious and refrained from restocking. In contrast, CFR China propylene prices […]
Asia’s ethylene prices held steady on Wednesday, with CFR Northeast Asia assessed at USD 815–825/mt and CFR Southeast Asia at USD 825–835/mt, unchanged from the previous day. “A subdued trading environment persisted, with buyers remaining cautious despite rising naphtha costs that normally lift ethylene values,” said an industry source based in Asia, who requested anonymity. Market activity […]
Borouge Plc, the UAE-based polyolefins major, posted a second-quarter net profit of $193 million in 2025, outperforming market forecasts despite a scheduled turnaround at its Borouge 3 facility. The company maintained healthy margins and reaffirmed plans to increase its full-year dividend, signaling strong financial health and investor confidence. Second-quarter adjusted EBITDA came in at $440 […]
In a bold move signaling China’s next stage of petrochemical ambition, Shandong Yulong Petrochemical has proposed a ¥117.86 billion (USD 16.42 billion) project to integrate high-value petrochemical production into its sprawling Yantai refinery complex. Derived from a government notice issued by the Ministry of Natural Resources and reported by Jiemian News, the plan outlines a major transformation: feedstocks […]
A Polymerduniya source in Pakistan reports that a Saudi-connected trader based in Iran has floated an offer for HDPE pipe (PE100 Black), origin Iran, targeting August 2025 delivery on an FCA Arak basis at USD 949 per tonne. While downstream specifiers may evaluate the competitive positioning, potential users are advised to examine underlying logistics, quality parameters, […]
The Dalian Commodity Exchange futures contracts for July 30, 2025 showed mixed performance across key polymers, with LLDPE turning positive, PP flat to slightly lower, and PVC edging down, while MEG held steady against unchanged currency conditions (USD 1 = CNY 7.18). LLDPE (Contract l2509) opened at RMB 7,399 (USD 856), traded between RMB 7,432–7,369, and closed at RMB 7,387 (USD 855), […]
European ethylene prices saw a mild decline on Tuesday amid persistent weakness in downstream demand, while Asian markets held firm, reflecting divergent regional dynamics. Industry sources reported that CIF NWE ethylene prices in Europe dropped by USD 5/mt, settling at USD 820–830/mt CIF NWE, signaling cautious market sentiment as buyers remain wary of overstocking amid abundant supply […]
Propylene prices in Europe remained unchanged on Tuesday, with both spot and CIF NWE levels holding steady amid a stable supply backdrop and cautious buyer behavior. A regional industry source, speaking on condition of anonymity, noted that the European propylene market maintained price stability due to ample material availability. Buyers continued to purchase only essential […]
Asia’s propylene prices remained unchanged on Tuesday, holding steady in the face of bullish crude and naphtha trends. According to a regional industry source speaking to our respondents on condition of anonymity, subdued buying sentiment quelled any upward pressure while pricing levels stayed flat. FOB Korea propylene remained at USD 735–745/mt, unchanged from Monday. CFR […]
Ethylene prices across Asia showed no movement on Tuesday, remaining steady at USD 815–825/mt CFR North East Asia and USD 825–835/mt CFR South East Asia, in line with Monday’s assessments. Despite bullish energy trends and volatile crude markets, industry sources report a cautious market mood with limited trading activity. The prevailing sentiment remains subdued, with buyers shelving fresh orders […]
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