This week, high-density polyethylene (HDPE) prices witnessed declines across parts of Asia, pressured by falling crude values and rising supply. An industry source in Asia, speaking on condition of anonymity, told a team member that the OPEC+ alliance has indicated plans for a production hike in November. The resumption of crude exports from Iraq’s Kurdish […]
Refinery grade propylene prices in the United States weakened at the start of the week, pressured by sluggish demand and comfortable supply. An industry source told that sentiment remained largely bearish, with buyers showing little urgency to secure volumes amid ample availability. On Monday, spot delivered refinery grade propylene in the US Gulf was assessed […]
Shandong Yulong Petrochemical has temporarily shut down its No.1 Polypropylene (PP) unit in Yantai, China. Market sources told that the unit was taken offline on September 26, 2025, to undergo maintenance. The duration of the outage remains uncertain, with no official word from company representatives so far. The No.1 PP unit, which boasts a production […]
In a recent market whisper from Pakistan, a source revealed that a Middle Eastern producer is reportedly offering HDPE blow moulding grade at USD 970 per metric ton, with delivery on a CFR Karachi basis for shipments in October 2025. The terms specify LC at sight or 30 days, with premiums of USD 5/mt for […]
In a fresh development in Pakistan’s plastics import market, a source in Pakistan revealed that a Middle Eastern producer has offered its LLDPE rotomolding grade at USD 1,040 per metric ton, for October 2025 shipments on a CFR Karachi basis. The terms include LC at sight or 30 days, with premiums of USD 5/mt for […]
Mumbai-headquartered Supreme Petrochem Ltd (SPL), India’s leading polystyrene producer and exporter, has made a bold entry into engineering plastics with the commissioning of its first ABS (acrylonitrile butadiene styrene) production line. Located at the Amdoshi plant in Nagothane, Maharashtra, the new unit boasts an annual capacity of 70,000 tonnes and officially began operations on September […]
Ethylene spot prices in the U.S. softened last week, driven by a supply-demand imbalance. A source told that “abundant availability from consistent production has led to elevated stock levels, outpacing demand and pushing prices downward.” Key downstream sectors like packaging and construction have scaled back purchases, weakening sentiment and stalling any potential price recovery. Although […]
HDPE prices slipped across parts of Asia this week while holding steady elsewhere. Crude oil kept climbing on the back of Russia-Ukraine tensions and the threat of new U.S. sanctions that could rattle supply chains. China’s polyethylene imports stayed firm but faced stiff competition from cheaper U.S. cargoes, even as Middle Eastern suppliers nudged prices […]
European polyethylene markets drifted lower or held flat this week, weighed down by ample imports, thin downstream demand and a lack of conviction ahead of the year’s final quarter. Sellers across grades are intent on clearing inventory before December, but buyers continue to purchase only what they need, leaving sentiment muted. High-density polyethylene (HDPE) film […]
High-density polyethylene (HDPE) film export prices in the United States slipped this week under the weight of soft domestic and overseas demand. Producers tried to hold or lift prices, but buyers resisted as inventories stayed ample and production remained steady. Latin American and Asian markets pushed back on US cargoes, citing cheaper regional alternatives and […]
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