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 […]
PetroChina has made a final investment decision to build a new integrated refinery and petrochemical complex on Changxing Island, northeastern China – a strategic move confirmed by company and industry sources, although not formally announced by the firm. The CNY 68.5 billion ($9.56 billion) development encompasses a 200,000 bpd crude refinery, a 1.4 million tonne/year ethylene facility, […]
Vietnam has implemented a 2% import duty on HDPE and LLDPE, effective July 8, 2025, aiming to shield its only domestic polyolefin producer, Long Son Petrochemical (LSP), from a surge of low-priced imports, particularly from Southeast Asia and China. LSP had lobbied for a 3% tariff during the development of its new facility, but downstream […]
Sadara Chemical Company has declared a force majeure on LDPE supplies from its Al Jubail plant following a fire incident in early July 2025. The company reported the site fire mid-month, prompting a temporary halt in operations, though the duration of the disruption remains unspecified. Located in Al Jubail, Saudi Arabia, this LDPE unit supports an annual […]
Hyundai Chemical Co Ltd is preparing for a significant scheduled turnaround at its LDPE/EVA swing plant in Daesan, South Korea, with maintenance anticipated to begin on October 13, 2025, and extend through November 24, 2025, according to a source speaking on condition of anonymity. The facility, which has an annual production capacity of approximately 300,000 mt, routinely […]
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.
