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 […]
In the US, propylene prices remained broadly stable on Tuesday as trading volumes sagged. According to a source in the region, the market bore the mark of a disconnect between what buyers are willing to pay and what sellers are asking, keeping the pricing tone flat. Polymer grade propylene continued to trade in the 32.50-33.00 […]
Propylene prices in the United States saw no change on Monday, locking in the same assessment as last Friday even as cracks appeared in market alignment. An industry source in the US, speaking under condition of anonymity, informed that the pricing undertone remained largely stable, but trading activity had slowed down sharply. Much of the […]
On Monday, propylene prices remained stubbornly unchanged across major European and Asian markets, even as buyers stayed cautious and trading activity failed to heat up. An industry source in Europe, speaking on condition of anonymity, conveyed to the team that while buying interest in the region is consistent, it is not enough to push prices […]
Refinery grade propylene prices in the United States edged lower last week, while polymer grade values remained steady despite production hiccups. On Friday, refinery grade spot prices were assessed at 28.50–29.00 cents/lb FD US Gulf, a decline of 3.00 cents/lb from the previous week. An industry source reported that refinery grade spot deals closed at […]
China’s propylene oxide market is on alert following an unplanned pause at one of the country’s key production sites. Industry sources report that Jiangsu Yida Chemical has taken its propylene oxide (PO) unit offline for maintenance, with the shutdown believed to have begun around September 7, 2025. The company has not yet issued an official […]
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. […]
Polymer-grade propylene (PGP) prices climbed on Thursday across the U.S. Gulf Coast, buoyed by a flurry of healthy trading activity that reinforced the market’s upward tone. Traders reported that consistent buying interest throughout the week helped lift spot values despite steady fundamentals elsewhere in the supply chain. An industry source told that the day’s market […]
Propylene prices in the United States held firm on Wednesday, reflecting a market characterized by limited spot activity and a widening gap between buying and selling expectations. According to an industry source cited, the overall pricing undertone remained stable, with participants noting little incentive to adjust bids or offers. Assessments for polymer-grade propylene (PGP) spot […]
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