Crude oil prices slipped in early Tuesday trading, reversing recent stability as concerns over demand outlook and persistent supply pressures weighed on market sentiment. West Texas Intermediate (WTI) crude for October 2025 delivery declined by $0.82, or 1.28 percent, to settle at $63.15 per barrel as of 3:09 a.m. EDT. Brent crude for November 2025 […]
Polymer grade propylene (PGP) prices in the United States declined on Tuesday, pressured by a slowdown in trading activity and subdued demand from downstream sectors. Market participants noted that sentiment has weakened further as buyers remain hesitant to commit, reflecting cautious inventory management amid uncertain macroeconomic conditions. Spot delivered PGP was assessed at 31.00–31.50 cents/lb […]
Fresh offers have emerged in Pakistan’s polyethylene market, with a Middle Eastern producer heard to have quoted linear low-density polyethylene (LLDPE) roto molding grade at USD 1,090 per metric ton, on a CFR Karachi port basis, for September 2025 shipment. According to a source in Pakistan, the offer highlights how regional producers are positioning themselves […]
Polypropylene (PP) prices in the Gulf Cooperation Council (GCC) region remained unchanged this week, with market sentiment balanced but clouded by geopolitical uncertainty. A regional industry source told that, “Prices of polypropylene stayed steady in the GCC, with fundamentals largely in equilibrium. However, concerns about a possible resurgence of conflict between Israel and Iran have […]
Propylene markets in the United States showed a mixed performance last week, with refinery-grade propylene (RGP) recording modest gains while polymer-grade propylene (PGP) remained largely unchanged as sentiment stayed cautious. According to an industry source, RGP prices edged higher, buoyed by stronger bids in the railcar sector and spillover momentum from earlier gains in the […]
Monoethylene glycol (MEG) prices in the United States remained flat last week, with market sentiment subdued despite the restart of a major production facility in Louisiana. An industry source told that, “US MEG prices remained stable as offers stayed the same after a major producer returned to the market. Spot offers were noted to be […]
US spot ethylene prices fell further last week, extending a downward trend that has persisted through August despite reports of supply disruptions at major olefins facilities. Market sentiment remained bearish as ample availability and weak downstream demand outweighed temporary outages. A market source told that, “Spot ethylene prices in the U.S. kept declining, even with […]
Propylene contract prices in the United States settled lower for August 2025, reflecting weaker downstream demand and steady supply levels that continue to weigh on market sentiment. According to a local industry source, polymer grade propylene (PGP) contracts for August finalized at 35.50 cents per pound, while chemical grade propylene (CGP) settled at 34.00 cents […]
Crude oil prices fell on Friday, snapping a two-day rally, as slowing US summer demand and renewed supply concerns from OPEC+ weighed on sentiment. The decline came even as the Russia–Ukraine war showed no signs of resolution, with the European Union weighing secondary sanctions on Russian crude buyers. Moscow’s steady exports to India, China, and […]
The US polymer market faced another bearish week, with most polyethylene grades drifting lower and PVC export prices collapsing to levels under USD 600/mt. Ample supply, soft global demand, and growing competition from overseas producers have kept sentiment weak, leaving traders and producers struggling to maintain margins. High-density polyethylene (HDPE) export prices moved lower, weighed […]
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