Key Chinese polymer futures contracts closed weaker on Wednesday, with LLDPE, polypropylene, PVC and monoethylene glycol all slipping amid cautious market sentiment and subdued buying activity. On the Dalian Commodity Exchange, LLDPE (l2601) opened at RMB 7,370 (USD 858) and closed at RMB 7,358 (USD 856), down 0.42% or RMB 31 (USD 3.61/mt) from the […]
Over the past decade, the Gulf Cooperation Council (GCC) petrochemical sector has quietly undergone a transformative evolution, blending environmental stewardship with economic savvy. Led by the forward-thinking Gulf Petrochemicals and Chemicals Association (GPCA), the industry has demonstrated that sustainability and growth can go hand in hand, if guided by strategic vision. Between 2013 and 2023, […]
Bharat Petroleum Corporation Ltd (BPCL) has announced plans for a ₹95,000 crore refinery expansion project aimed at significantly boosting India’s domestic refining capacity and reducing reliance on imports. The investment, one of the largest in the state-run refiner’s history, underscores the company’s strategic push to strengthen energy security while aligning with the nation’s long-term industrial […]
Europe’s polyethylene terephthalate (PET) market has seen its summer uptrend lose momentum, with sellers now facing mounting pressure as expectations for September weaken. After several weeks of firmer pricing supported by seasonal beverage demand and constrained imports, the market has shifted, revealing signs of fragility that could usher in a softer outlook for the autumn […]
Türkiye’s SASA Polyester announced sweeping details of its $25 billion petrochemical investment in Yumurtalık, positioning the project as one of the largest industrial undertakings in the country’s history. The multi-phase complex, unveiled this week, is designed to dramatically reduce Türkiye’s reliance on imported petrochemicals while propelling SASA into the ranks of global-scale producers. The project, […]
The petrochemical complex faced renewed headwinds on Wednesday, with futures contracts for key polymers on the Dalian Commodity Exchange extending losses amid persistent concerns over demand recovery. Polypropylene, linear low-density polyethylene (LLDPE), and polyvinyl chloride (PVC) futures all closed lower, dragging down sentiment across the wider value chain. Polypropylene contracts settled at CNY 7,021 per […]
Zhejiang Petroleum & Chemical (ZPC) has temporarily shut down its vinyl acetate monomer (VAM) plant in Zhoushan for scheduled maintenance, according to a Polymerduniya source. The shutdown began around August 5, 2025, and is expected to last two to three weeks, during which time operations at the facility will remain offline. The Zhoushan plant has […]
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