South Korea’s SK Group is cutting ties with one of its highest-profile China ventures, moving to sell its entire 35% stake in Sinopec-SK Petrochemical, a dramatic retreat from commodity chemicals as global oversupply crushes margins. The sale, led by SK Geo Centric Co., a subsidiary of SK Innovation Co., is now in talks with China […]
On Tuesday, propylene prices in the United States showed little movement as market participants appeared cautious, with trading activity dipping amid a widening gap between what buyers are willing to pay and what sellers expect. According to an industry source, the overall undertone was stable but subdued. Polymer grade spot-delivered propylene was assessed at 32.50-33.00 […]
High-density polyethylene (HDPE) prices across Asia drifted lower this week as a combination of global and regional forces created a subdued trading environment. A market source noted that lingering geopolitical tensions from the Russia-Ukraine conflict continue to raise concerns about global supply disruptions. At the same time, expectations of a potential U.S. Federal Reserve rate […]
European ethylene prices offered a blend of upward and downward cues on Tuesday, reflecting the tug-of-war between limited demand and early restocking activity. Assessments for CIF Northwest Europe (NWE) moved slightly higher to USD 745-755 per metric ton, a modest day-on-day uptick of USD 5/mt. However, some market participants highlighted a softer undertone despite this […]
Ethylene prices in the United States remained unchanged on Monday, with the FD US Gulf benchmark assessed at 20.00-20.50 cents per pound, maintaining the same range as seen last Friday. An industry source in the US told that while the market remains stable, there have been reports of a few operational issues among crackers, though […]
European ethylene prices began the week without fanfare, holding their ground despite broader economic uncertainties and uneven performance in downstream markets. According to an industry source in Europe who requested anonymity, the European ethylene market remained balanced on Monday, buoyed by consistent demand within the ethylene segment even as other derivative sectors exhibited signs of […]
US ethylene spot prices declined last week as transactions closed at lower levels, pressured by soft regional demand and a drop in upstream contract values. Market participants noted increased paper market activity, a sign of growing instability, while polyethylene export prices held steady thanks to balanced supply and persistently weak demand. Domestic ethylene production has […]
Low-density polyethylene (LDPE) prices in Europe came under renewed pressure this week, with spot values sliding sharply while contract prices largely held their ground. Market participants reported that a combination of sluggish downstream demand and plentiful supply continued to weigh on sentiment, keeping buyers firmly on the sidelines. Industry sources said spot LDPE prices fell […]
France’s petrochemical market is bracing for a lengthy outage as Naphtachimie has taken its large steam cracker in Lavera offline for scheduled maintenance. Industry sources indicate that the shutdown began in the first half of September 2025 and, according to market chatter, the facility may remain out of operation until the end of the year. […]
U.S. polyvinyl chloride (PVC) export prices edged lower this week, reflecting a market caught between persistent oversupply and divergent expectations for near-term demand. Industry sources told that sentiment has turned more cautious after several weeks of tentative strength, with buyers and sellers debating whether current levels can hold or if further weakness lies ahead. Market […]
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