Polyethylene terephthalate (PET) prices in the United States remained unchanged this week, with market conditions described as subdued and sentiment depressed by sluggish demand. A US-based industry source told that, “The US spot import PET market experienced limited activity, keeping prices steady due to weak demand. Sentiment remained depressed due to low end-consumer demand, with […]
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 […]
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, […]
Polymer futures in China closed weaker on Monday, with all major contracts recording losses despite intraday fluctuations. Linear low-density polyethylene (LLDPE, l2601) opened at RMB 7,427 (USD 862) per tonne and traded between RMB 7,455 (USD 865) and RMB 7,396 (USD 858) before settling at RMB 7,402 (USD 859). The close marked a decline of […]
China’s major petrochemical futures closed in positive territory on Monday, with LLDPE, PP, PVC, and MEG all posting modest gains. LLDPE (l2601) opened at RMB 7,390 (USD 859) and moved within a narrow range of RMB 7,428 (USD 863) to RMB 7,388 (USD 859) before settling at RMB 7,423 (USD 863). The contract ended 0.51% […]
On Wednesday, polymer futures in China closed on a firmer note, with LLDPE, PP, PVC, and MEG all recording modest day-on-day gains, supported by steady market sentiment and improved buying interest. LLDPE (l2601) opened at RMB 7,347 (USD 850) and traded between RMB 7,413 (USD 858) and RMB 7,337 (USD 849) before closing at RMB […]
As of August 13, the Dalian Commodity Exchange witnessed downward shifts across key polymer futures, signaling a broad-based cooling in domestic petrochemical sentiment. The LLDPE (2509 contract) declined 0.20%, or RMB 15 per ton, closing at RMB 7,313 (USD 846) after trading between RMB 7,305 and RMB 7,338. Polypropylene (PP 2509) saw a slightly steeper […]
China’s mono-ethylene glycol (MEG) market experienced a slight uptick on August 11, with CFR China prices rising from USD 520–525/mt on August 8 to USD 525–530/mt, according to Polymerduniya’s latest assessment. The upward move, though modest, suggests improving sentiment in Asia’s downstream sectors, possibly driven by cautious restocking and a firmer outlook in global commodity […]
Last week, U.S. monoethylene glycol (MEG) prices in the U.S. slipped as market participants absorbed signals showing August rates trailing those in Asia. A Polymerduniya source revealed that discounts hovered just under the triple-digit mark, influenced by a persistent supply disruption at a key production site. The disruption began in late July, and although repair […]
On August 7, 2025, polymer futures on the Dalian Commodity Exchange closed on a mixed note, with LLDPE, PP, and MEG recording minor losses while PVC edged higher. The trading session reflected cautious sentiment amid currency fluctuations and broader market pressures. The exchange rate stood at 1 USD = 7.18 RMB. LLDPE (l2509) opened at […]
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