Major polymer futures in China closed lower on Monday, reflecting a cautious start to the trading week amid steady currency levels and restrained buying interest. With the yuan holding near 7.11 to the U.S. dollar, contracts for leading plastics drifted lower across the board despite intraday swings. Linear low-density polyethylene (LLDPE) January 2026 contract (l2601) […]
Industry contacts in China report that Sinopec Maoming Petrochemical is preparing to take its No. 2 polypropylene (PP) unit offline in early November 2025. The plant, located in Maoming, Guangdong Province, carries a nameplate capacity of 200,000 metric tons per year and is a key contributor to regional PP supply. According to a market source […]
A market contact in Vietnam reports that a domestic producer has tabled fresh offers for PET resin bottle-grade material with an intrinsic viscosity of 0.84, quoting prices in the range of USD 836 to 840 per metric ton. The parcels are being proposed for October 2025 shipment on a free-on-board basis, inviting interest from regional […]
Al-Waha Petrochemical Company is planning to bring its 450,000 mt/year polypropylene (PP) unit back online by the end of September 2025, following a shutdown for maintenance that reportedly began around September 1. A source in Saudi Arabia said the company aims to resume operations at the Jubail facility, though official confirmation remains pending. The Jubail […]
An industry source in the East Mediterranean reports that a Northeast Asian supplier has floated a high-impact polystyrene (HIPS) grade offer around USD 1,250 per metric ton for October 2025 shipment, CFR to a main port in the East Mediterranean. The quoted level suggests the seller is positioning aggressively into that market window, possibly leveraging […]
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 […]
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 […]
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