In a decisive move to address chronic oversupply and bolster shrinking profit margins, South Korea has launched an ambitious restructuring of its ailing petrochemical sector, targeting the dismantling of small, standalone naphtha crackers in favor of streamlined operations and strategic consolidation. Under a government-guided voluntary pact, ten leading petrochemical companies have agreed to slash naphtha-cracking […]
The Asian Linear Low-Density Polyethylene (LLDPE) market experienced a varied trend this week, with prices rising in the Far East while remaining steady across most other regions. Market sentiment was shaped by geopolitical tensions, shifting supply fundamentals, and cautious buying behavior, with offers for September shipments reflecting both optimism and restraint. In Far East Asia, […]
Ethylene prices in the United States moved lower on Monday as market activity reflected deals concluded at reduced levels. An industry source in the US told a Polymerduniya team member that trading momentum slowed, with buyers and sellers agreeing on lower settlements, pushing prices down for the week. Assessments placed ethylene at 21.50–22.00 cents/lb FD […]
A Saudi Arabian producer has reportedly announced its offer for metallocene linear low-density polyethylene (mLLDPE) EXCEED grade to Vietnam, according to market sources. A Polymerduniya contact in Vietnam stated that the offer has been heard at USD 1000/mt, on a cost and freight (CFR) basis to Ho Chi Minh port, for shipment in September 2025. […]
Chiba Chemicals has successfully restarted its cracker in Chiba, Japan, following a scheduled maintenance shutdown. A Polymerduniya source in Japan reported that the cracker was brought back on stream last weekend after being offline since mid-June 2025. The source added that operations at the plant have now stabilized, with run rates normalized after the turnaround. […]
Ethylene prices in the United States slipped on Thursday as deals were finalized at reduced levels. An industry source told a Polymerduniya team member that the decline reflected softer trading sentiment in the market. Prices were assessed at 22.00–22.50 cents/lb FD US Gulf, marking a drop of 0.50 cents/lb from Wednesday’s levels. In contrast, Asian […]
Long Son Petrochemical has restarted its high-density polyethylene (HDPE) unit, resuming operations around August 19, 2025, after a prolonged shutdown that began in mid-October 2024. The unit, located in Ba Ria-Vung Tau province, has a production capacity of 500,000 mt per year and has been taken offline along with its upstream cracker amid shrinking production […]
On Wednesday, European ethylene prices remained stable even as upstream energy costs moved higher, reflecting steady buying interest across regional markets. An industry source in Europe, speaking on condition of anonymity, told a Polymerduniya team member that prices held constant largely due to sustained purchasing activity. Ethylene prices in Europe were assessed at USD 845–855/mt […]
Ethylene prices held firm across Europe and Asia on Tuesday, with markets showing little activity amid a backdrop of economic uncertainty and cautious buying sentiment. In Europe, ethylene prices were stable at USD 845–855/mt CIF North-West Europe (NWE) and €750–760/mt FD NWE, mirroring Monday’s levels. An industry source in Europe noted that while supply remained […]
Sinopec Maoming Petrochemical has revealed plans for a significant maintenance shutdown at its high-density polyethylene (HDPE) unit, according to a Polymeduniya source in China. The plant, located in Maoming, Guangdong, will cease operations from late October 2025 and is expected to remain offline through the end of December 2025. This HDPE unit boasts a substantial […]
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