Oil futures in early trade showed slight declines, reflecting a tug-of-war between stable demand signals and growing concerns over excess supply. West Texas Intermediate for October delivery slipped to USD 62.65 a barrel, barely down, and Brent for November edged lower to USD 66.56 a barrel. Analysts suggest that while supply remains plentiful, particularly with […]
Polypropylene prices fell across the Gulf Cooperation Council this week, pressured by lower import offers and shifting global feedstock trends that kept the market on edge. A regional industry source told that overseas suppliers cut prices aggressively, undercutting confidence and adding to the downward pull from soft supply-demand dynamics, raw-material cost changes, and lingering logistics […]
Xinjiang Zhongtai Chemical has shut its purified terephthalic acid unit in Bayin for maintenance, adding a note of uncertainty to China’s PTA market. A market source told that operations were suspended around September 18, 2025, though the company has not confirmed how long the outage will last. Official details remain scarce and the information could […]
PET bottle-grade prices in the Gulf Cooperation Council fell this week, pressured by muted buying interest and competitive import offers that kept regional sellers on edge. A market source in the GCC told that sentiment remained fragile as buyers hesitated amid worries over market stability, a soft economic backdrop, and broader geopolitical uncertainty. The reluctance […]
U.S. ethylene spot prices stayed flat last week, a sign of steady production and long market conditions that continue to define the Gulf Coast trade. A U.S. industry source told that spot prices were unchanged as the region remained oversupplied. Downstream, export polyethylene prices kept sliding on soft demand and heavy inventories, but ethylene producers […]
Propylene prices in the United States held steady last week, underscoring a market weighed down by weak demand and ample supply. A U.S.-based industry source told that spot propylene saw no transactions and no price movement as persistent low demand from downstream markets and swollen inventories kept buyers sidelined. While some participants anticipate a price […]
Ethylene prices eased in parts of Asia last week while holding steady across Southeast Asia, reflecting a market caught between ample supply and guarded demand. An industry source speaking on background told that lower-priced November-arrival U.S. cargo offers into Northeast Asia, combined with weak demand from polyethylene and styrene makers and adequate regional supply, pushed […]
China Petroleum & Chemical Corporation (Sinopec) has turned the first sod on a sweeping upgrade of its Tahe integrated refining and petrochemical complex in the resource-rich Xinjiang region, a move aimed at boosting both refining and higher value petrochemical output. The upgrade will increase the plant’s crude oil refining capacity from 5 million tons per […]
In a move welcomed by U.S. exporters and trade observers, Türkiye has lifted extra financial obligations that had applied to certain imports from the United States, including polyvinyl chloride (PVC) and other goods. These measures, first introduced in 2018 during a period of economic tension, are being rescinded as Ankara seeks to reset trade relations […]
US polymer markets faced another week of broad-based weakness, with most key resins posting price declines under the weight of abundant supply and soft demand. Sellers across polyethylene, polypropylene, and polystyrene grappled with swelling inventories and hesitant buyers, while even the normally resilient PET market held flat as participants assessed fresh trade policy shifts. High-density […]
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