On Wednesday, U.S. ethylene prices retreated modestly as weaker deal levels emerged in the merchant market. The FD US Gulf spot rate was assessed at 28.00–28.50 ¢/lb, down 0.50 ¢/lb from Tuesday, according to a U.S.-based industry source. The bearish tone reflected softer buying inquiries and subdued downstream demand, as participants sought lower levels to secure volumes. […]
European ethylene markets slipped on Wednesday, with CIF Northwest Europe assessed at USD 815–825/mt, down USD 5/mt from Tuesday, despite rising upstream energy costs. The persistent sluggishness in downstream demand and buyer reluctance have weighed on sentiment, market sources reported. In contrast, FD NWE ethylene prices remained unchanged at €720–730/mt, signaling a divergence between international CIF and […]
Asia’s ethylene prices held steady on Wednesday, with CFR Northeast Asia assessed at USD 815–825/mt and CFR Southeast Asia at USD 825–835/mt, unchanged from the previous day. “A subdued trading environment persisted, with buyers remaining cautious despite rising naphtha costs that normally lift ethylene values,” said an industry source based in Asia, who requested anonymity. Market activity […]
Borouge Plc, the UAE-based polyolefins major, posted a second-quarter net profit of $193 million in 2025, outperforming market forecasts despite a scheduled turnaround at its Borouge 3 facility. The company maintained healthy margins and reaffirmed plans to increase its full-year dividend, signaling strong financial health and investor confidence. Second-quarter adjusted EBITDA came in at $440 […]
In a bold move signaling China’s next stage of petrochemical ambition, Shandong Yulong Petrochemical has proposed a ¥117.86 billion (USD 16.42 billion) project to integrate high-value petrochemical production into its sprawling Yantai refinery complex. Derived from a government notice issued by the Ministry of Natural Resources and reported by Jiemian News, the plan outlines a major transformation: feedstocks […]
European ethylene prices saw a mild decline on Tuesday amid persistent weakness in downstream demand, while Asian markets held firm, reflecting divergent regional dynamics. Industry sources reported that CIF NWE ethylene prices in Europe dropped by USD 5/mt, settling at USD 820–830/mt CIF NWE, signaling cautious market sentiment as buyers remain wary of overstocking amid abundant supply […]
Ethylene prices across Asia showed no movement on Tuesday, remaining steady at USD 815–825/mt CFR North East Asia and USD 825–835/mt CFR South East Asia, in line with Monday’s assessments. Despite bullish energy trends and volatile crude markets, industry sources report a cautious market mood with limited trading activity. The prevailing sentiment remains subdued, with buyers shelving fresh orders […]
Across Asia, ethylene market dynamics remained unchanged on Monday, with both Northeast and Southeast markets seeing sustained price stability. CFR Northeast Asia prices held at USD 815–825/mt and CFR Southeast Asia remained firm at USD 825–835/mt, mirroring Friday’s levels. Despite an uptick in energy benchmarks, the market showed limited trading momentum. A regionally based industry source explained […]
Dow has officially commissioned its Poly‑7 polyethylene train at the Freeport, Texas complex, launching production on June 16, 2025, with an annual capacity of 600,000 metric tonnes capable of swinging between HDPE and LLDPE grades.. This new resin capability has effectively absorbed Dow’s remaining merchant ethylene volumes on the U.S. Gulf Coast, shifting the company back into […]
Demand in Karachi’s open polymer markets on Monday, July 28, 2025, was notably sluggish, with prices generally softer across the board. Polypropylene raffia traded at around PKR 356–358/kg, injection grade at PKR 357–359/kg, and film grade at PKR 365–367/kg. PPCP exchanged hands around PKR 379–381/kg, while random copolymer was priced at PKR 421–423/kg. On the HDPE front, injection grade fell […]
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