On Monday, ethylene prices rose in Asia, owing primarily to an increase in upstream energy values. Prices soared as a result of supply difficulties caused by continued Middle Eastern tensions. Meanwhile, raw material shortages have led numerous Asian firms to declare force majeure (FM) and restrict production rates at their operations. CFR South East Asia […]
On Wednesday, propylene prices climbed across Asia. Prices rose considerably due to higher upstream energy costs and supply disruptions caused by ongoing Middle East conflicts. Meanwhile, raw material shortages have prompted a number of Asian companies to declare force majeure (FM) at their plants. FOB Korea propylene prices were predicted at USD 845-855/mt, a USD […]
Propylene prices increased in Asia on Tuesday. Prices were rated higher in response to increased upstream energy prices and restricted supply caused by ongoing geopolitical difficulties. FOB Korea propylene prices were estimated at USD 810-820/mt, up USD (+10/mt) from Monday’s assessment levels. CFR China propylene prices were estimated at USD 850-860/mt, representing a USD (+30/mt) […]
Asia saw a strong increase in ethylene prices on Tuesday. Due to supply disruption brought on by current geopolitical tensions and a jump in upstream energy values, prices went up. Ethylene prices in CFR South East Asia were evaluated at levels of USD 755–765/mt, a significant increase of USD (+20/mt) from the levels evaluated on […]
Despite bearish upstream energy values, ethylene prices were stable in Asia on Tuesday. Prices remain stable, with buying interest predicted to gradually increase after the Christmas season. CFR South East Asia ethylene prices were judged as constant at USD 680-690/mt. CFR North East Asia ethylene prices were set steady at USD 700-710/mt.
Despite increases in upstream naphtha values, ethylene prices rolled over in Asia on Monday. Prices remained constant as buying activity remained low, with market players yet to resume trading following the Lunar New Year vacation. CFR South East Asia ethylene prices were estimated at USD 680-690/mt, unchanged from last Friday’s levels. CFR North East Asia […]
OQ and Kuwait Petroleum International (KPI), the international branch of Kuwait Petroleum Corp. (KPC), have signed a Project Development Agreement for a jointly owned petrochemical complex in the Special Economic Zone at Duqm (SEZAD), Oman.The agreement, signed on the sidelines of the Kuwait Oil & Gas Show (KOGS 2026) by Ashraf Hamed Al Mamari, Group […]
Saudi Basic Industries Corp. (SABIC) and S-Oil Corp., Korea’s third-largest oil refiner by sales, said on Monday that they had inked a 5.5 trillion won ($3.7 billion) deal to work together on exporting polyethylene (PE) goods. SABIC will manage the worldwide marketing of PE products made by S-Oil under the terms of the five-year agreement, […]
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 […]
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