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 […]
The European polyvinyl chloride (PVC) market remained largely unchanged this week as buyers and sellers focused on September contract discussions, while spot demand showed little sign of meaningful recovery following the summer break. Despite the return of consumers to the market, activity stayed subdued, and prices rolled over in most segments. 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 […]
Ethylene prices in Europe moved higher midweek, supported by stronger regional demand that gave a lift to sentiment after a period of subdued trading. Market participants reported that improved buying interest from downstream sectors, coupled with firmer negotiations among traders and converters, helped push prices higher in the spot market. An industry source in Europe […]
Propylene markets in Europe came under fresh downward pressure midweek, with prices slipping as buyers stayed on the sidelines and supply remained abundant across the region. An industry source in Europe told that “the price drop was driven by weak buying sentiment and ample product supply in the region.” Market participants noted that sluggish demand […]
S-Oil Corp is preparing for a significant maintenance shutdown at its No. 1 residue fluid catalytic cracker (RFCC) unit in Onsan, South Korea, which could temporarily tighten propylene supply in the region. According to a source, the company is expected to commence maintenance on the unit by mid-October 2025, with operations likely to remain offline […]
Polymer grade propylene (PGP) prices in the United States declined on Tuesday, pressured by a slowdown in trading activity and subdued demand from downstream sectors. Market participants noted that sentiment has weakened further as buyers remain hesitant to commit, reflecting cautious inventory management amid uncertain macroeconomic conditions. Spot delivered PGP was assessed at 31.00–31.50 cents/lb […]
High-density polyethylene (HDPE) prices across Asia remained unchanged this week, with stability masking underlying weakness as oversupply, sluggish downstream demand, and broader macroeconomic headwinds continued to weigh on sentiment. A source in Asia highlighted the persistent uncertainty caused by the Russia–Ukraine conflict and ongoing U.S. sanctions on major oil producers, which have fueled volatility in […]
Polypropylene (PP) prices across Asia rolled over this week, reflecting an uneasy balance between ample supply and muted demand, as regional markets struggled to find direction amid mounting economic pressures and sluggish downstream activity. A source in Asia observed that the global energy backdrop remains a defining factor, with the Russia–Ukraine conflict and U.S. sanctions […]
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