Last week, ethylene prices fell throughout Asia. An industry source in Asia told a Polymerduniya team member that “ample supply, weak demand, and elevated inventories drove ethylene prices lower across Asia.” CFR Northeast Asia ethylene prices were estimated at USD 725-735/mt, representing a USD (-15/mt) fall from the previous week. CFR South East Asia ethylene […]
As part of a restructuring during a recession in the industry, Saudi Arabia’s SABIC has agreed to sell its European petrochemical business and its Engineering Thermoplastics business in Europe and the Americas for a combined enterprise value of $950 MM. In early trading in Riyadh on Thursday, shares of the chemicals company plummeted as much […]
Despite a decline in upstream naphtha values, ethylene prices were steady in Asia on Monday. Prices rolled over as purchasing activity remained low in Asia. CFR South East Asia ethylene prices were assessed at USD 720-730/mt, unchanged from the levels assessed for Friday. CFR North East Asia ethylene prices were assessed at USD 740-750/mt, carrying […]
Asia’s ethylene prices fluctuated on Thursday due to the region’s continued lack of buying interest. Ethylene prices in CFR North East Asia were evaluated at USD 740–750/mt, which was consistent with the levels evaluated on Wednesday. Ethylene prices for CFR South East Asia were evaluated at USD 720–730/mt, which was the same as the day […]
Bharat Petroleum Corporation Limited (BPCL) has awarded Larsen & Toubro’s (L&T) Hydrocarbon Onshore division a significant engineering, procurement, construction, and commissioning (EPCC) contract for a massive petrochemical project in Bina, Madhya Pradesh. A Linear Low-Density Polyethylene and High-Density Polyethylene (LLDPE/HDPE) swing unit with two production trains, each with a capacity of 575 KTPA, is part […]
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