The European polyethylene terephthalate (PET) market faced renewed downward pressure this week, as spot prices weakened while contract prices held steady. Market participants reported that a combination of elevated stock levels, sluggish post-summer demand, and competitively priced imports weighed on sentiment, leaving sellers with little room to push through additional volumes. An industry source in […]
China’s polymer futures market showed a modestly bullish tone on Wednesday, with all major contracts ending the session higher. Market participants noted that while demand fundamentals remain soft, marginal restocking interest and stable cost signals provided some support to prices across polyethylene, polypropylene, PVC, and MEG. Linear low-density polyethylene (LLDPE, l2601) futures opened at RMB […]
Chinese polymer futures closed Wednesday on a mixed note, with three major contracts slipping while monoethylene glycol (MEG) managed to post modest gains. Market sentiment remained cautious as traders weighed weak downstream demand against ongoing supply adjustments. Linear low-density polyethylene (LLDPE, l2601) contracts opened at RMB 7,241/mt (USD 843/mt) and fluctuated between RMB 7,243/mt (USD […]
Chinese polymer futures closed Monday with a mixed performance, reflecting the fragile sentiment across petrochemical markets. Gains in polyvinyl chloride (PVC) contrasted with declines in linear low-density polyethylene (LLDPE), polypropylene (PP), and monoethylene glycol (MEG), underscoring the divergent fundamentals shaping trading activity. On the Dalian Commodity Exchange, LLDPE (l2601) contracts opened at RMB 7,275 (USD […]
Chinese polymer futures closed in negative territory this week, with contracts for linear low-density polyethylene (LLDPE), polypropylene (PP), polyvinyl chloride (PVC), and monoethylene glycol (MEG) all posting declines as sluggish demand and persistent oversupply weighed on sentiment. On the Dalian Commodity Exchange, LLDPE (l2601) futures opened at RMB 7,280 (USD 848/mt) and fluctuated between RMB […]
Monoethylene glycol (MEG) prices in the United States remained flat last week, with market sentiment subdued despite the restart of a major production facility in Louisiana. An industry source told that, “US MEG prices remained stable as offers stayed the same after a major producer returned to the market. Spot offers were noted to be […]
Shanxi Woneng Chemical has successfully resumed operations at its monoethylene glycol (MEG) unit in Linfen, Shanxi province, after completing a maintenance turnaround earlier this month. According to a source in China, “The company is reported to have brought the unit back on stream around August 28, 2025, following a turnaround. The unit had been shut […]
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. […]
Aster Chemicals and Energy is expected to keep its monoethylene glycol (MEG) unit in Jurong, Singapore, offline for longer than initially planned, after postponing the facility’s restart due to unforeseen circumstances. According to a source in Singapore, the unit, which was shut in early August 2025 for scheduled maintenance, was originally slated to return to […]
Polyethylene terephthalate (PET) spot prices in Europe edged lower this week, extending a period of sluggish demand and oversupply that has left the market mired in one of its weakest phases since early 2021. Contract values, however, were unchanged across the region, offering little indication of recovery as September approaches. A European market participant told […]
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