Over the past decade, the Gulf Cooperation Council (GCC) petrochemical sector has quietly undergone a transformative evolution, blending environmental stewardship with economic savvy. Led by the forward-thinking Gulf Petrochemicals and Chemicals Association (GPCA), the industry has demonstrated that sustainability and growth can go hand in hand, if guided by strategic vision. Between 2013 and 2023, […]
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, […]
The petrochemical complex faced renewed headwinds on Wednesday, with futures contracts for key polymers on the Dalian Commodity Exchange extending losses amid persistent concerns over demand recovery. Polypropylene, linear low-density polyethylene (LLDPE), and polyvinyl chloride (PVC) futures all closed lower, dragging down sentiment across the wider value chain. Polypropylene contracts settled at CNY 7,021 per […]
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, […]
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 […]
Polymer grade propylene (PGP) prices in the United States advanced on Monday, supported by healthy trading activity and improved buying interest. An industry source in the US told a Polymerduniya team member that spot values gained ground as active deals in the market signaled firmer sentiment compared to the previous week. Spot delivered PGP was […]
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. […]
We are the leading information provider of the Petrochemical Industry and Our team comes with a strong background of Petrochemical industry and has experience of over 28 years.
