Zhejiang Petroleum & Chemical (ZPC) has brought its third butadiene (BD) plant in Zhoushan back online following a maintenance turnaround. A Polymerduniya source confirmed that the unit, which had been shut down on June 23, 2025, resumed operations in mid-August 2025. The No. 3 plant boasts a substantial production capacity of 250,000 metric tons per […]
PetroChina Fushun Petrochemical has taken its Linear Low-Density Polyethylene (LLDPE) plant in Fushun offline for a scheduled maintenance turnaround that began on August 15, 2025. According to industry sources, the unit, capable of producing 450,000 metric tons per year, is expected to remain offline through early October 2025, marking approximately a two-month shutdown. Strategically located […]
Hanwha TotalEnergies Petrochemical has taken its sizable Paraxylene (PX) production unit at Daesan offline for a scheduled maintenance turnaround that began in early August 2025, with operations expected to resume by the end of September 2025. The outage affects a facility with an annual production capacity of 1.26 million metric tons, a significant portion of […]
On the Dalian Commodity Exchange, polymer futures closed mostly lower on Monday as trading sentiment remained subdued. The exchange rate stood at 1 USD = 7.18 RMB. LLDPE (l2509) opened at RMB 7,308 (USD 846) and moved between RMB 7,312 (USD 846) and RMB 7,264 (USD 841) before closing at RMB 7,292 (USD 844). Prices […]
Ethylene spot prices in the US dropped last week amid weak market activity and declining crude oil values. An industry source told Polymerduniya, “Ethylene spot prices fell due to weak market activity and declining crude oil prices. Decreased offer levels resulted in the decline, with no transactions reported. The drop was also linked to oversupply […]
Propylene prices rose last week in Korea, Japan, and Southeast Asia, while remaining stable in China and Taiwan. An industry source in Asia, requesting anonymity, told Polymerduniya, “The increase in Asian propylene prices was mainly influenced by reduced supply conditions and consistent regional demand. Multiple production challenges, such as decreased cracker operating rates and scheduled […]
Polymer grade propylene (PGP) prices in the US fell for the fifth consecutive week, while refinery grade propylene (RGP) values held steady. An industry source, speaking to Polymerduniya on condition of anonymity, said, “US propylene spot prices continue to decline due to ongoing weak demand. No transactions were reported at the evaluated levels. Prices have […]
In a significant strategic shift, China’s Zhenhua Oil will double its crude oil offtake from Abu Dhabi National Oil Company (ADNOC) to 200,000 barrels per day by year-end, following its appointment as the asset leader for the UAE’s largest onshore oilfield, Bu Hasa. Zhenhua replaced TotalEnergies in January after a competitive bidding process, gaining full […]
In a rare strategic pivot, Reliance Industries has purchased high-sulphur fuel oil from Hindustan Petroleum Corporation Limited (HPCL), signaling a departure from its usual reliance on Russian supplies. According to several industry insiders, Reliance secured two cargoes, each around 33,000 metric tons, through HPCL tenders that closed in late July and early August, with loading […]
A Polymerduniya source in China has revealed that a domestic trader is offering Saudi-origin HDPE Film (PE) at USD 980/mt, FOB Qingdao port, for delivery in August 2025. This latest price indication underscores competitive regional trade dynamics, particularly as Middle Eastern suppliers continue targeting the Chinese market. In comparison, a Saudi Arabian producer was previously […]
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