China Petroleum & Chemical Corporation (Sinopec) has turned the first sod on a sweeping upgrade of its Tahe integrated refining and petrochemical complex in the resource-rich Xinjiang region, a move aimed at boosting both refining and higher value petrochemical output. The upgrade will increase the plant’s crude oil refining capacity from 5 million tons per […]
In a move welcomed by U.S. exporters and trade observers, Türkiye has lifted extra financial obligations that had applied to certain imports from the United States, including polyvinyl chloride (PVC) and other goods. These measures, first introduced in 2018 during a period of economic tension, are being rescinded as Ankara seeks to reset trade relations […]
US polymer markets faced another week of broad-based weakness, with most key resins posting price declines under the weight of abundant supply and soft demand. Sellers across polyethylene, polypropylene, and polystyrene grappled with swelling inventories and hesitant buyers, while even the normally resilient PET market held flat as participants assessed fresh trade policy shifts. High-density […]
In Europe this week polymer markets are showing clear signs of strain as abundant supplies and soft buying match up with lacklustre demand. HDPE feels the sharpest pressure, but LDPE and LLDPE are not far behind. Across both spot and contract trades, prices are inching downward, while buyers and converters are keeping tight reins on […]
This week in Asia the polyethylene markets, especially HDPE, LDPE, and LLDPE, showed signs of fatigue. Prices nudged down in several markets, while many buyers pulled back, waiting for clearer signals after the upcoming festive breaks. The tension between ample supply (some of it driven by U.S.-origin and Middle Eastern cargoes) and tepid end-use demand […]
Enterprise Products has taken its No. 2 propane dehydrogenation (PDH) unit at Mont Belvieu, Texas offline as of September 11, 2025 for maintenance, according to sources in the U.S. team. The shutdown was reported internally but has not yet been officially confirmed by the company. How long the unit will remain out of service remains […]
A reliable source in China reports that a US-based producer has put forward an offer for high-density polyethylene (HDPE), injection grade, priced at USD 830 per metric ton on a Cost & Freight (CFR) basis to China’s main ports. The proposed shipment date is for October 2025, placing this offer squarely in Q4 trade discussions. […]
High-density polyethylene (HDPE) prices across Europe continued their steady retreat this week, weighed down by an unrelenting glut of material and buyers who remain firmly on the sidelines. September has delivered little in the way of relief for producers or distributors, as both spot and contract markets confront swelling inventories and lackluster downstream demand. Market […]
U.S. polypropylene (PP) export prices slipped again this week, underscoring a market that continues to wrestle with slack demand and stubbornly high buyer inventories. Despite some of the most competitive offers seen this year, overseas customers remain largely indifferent, leaving producers and traders to contend with a persistent glut and mounting pressure from low-cost Asian […]
Latin America’s low-density polyethylene (LLDPE) market continued its slide this week, weighed down by an uncomfortable mix of plentiful supply and anemic demand. Traders across Brazil, the West Coast of South America, and the Mercosur region reported a steady erosion in spot prices as sellers scrambled to move inventory. An industry source in the region, […]
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