Recycled polyethylene terephthalate (R-PET) markets across Asia came under renewed pressure this week, with prices sliding amid subdued buying activity and a competitive environment where virgin PET remains more cost-effective for downstream users. Market participants reported that consumption of recycled polyester fibers for clothing applications has stayed exceptionally weak, as virgin PET continues to trade […]
Ethylene vinyl acetate (EVA) prices in Europe remained unchanged this week as weak demand and seasonal slowdowns weighed on trading activity. Market participants noted subdued buying interest, with most players holding back ahead of September contract negotiations. A European industry source told Polymerduniya, “Trading activity in the EVA spot market stayed muted amid persistently low […]
Paraxylene (PX) prices slipped in the United States on Wednesday, tracking declines in Asian benchmarks even as upstream mixed xylene (MX) values edged higher. A US-based industry source told that, “PX prices in the US have decreased in line with falling paraxylene market values in Asia.” On Wednesday, PX was assessed at USD 905–915/mt FOB […]
Polycarbonate (PC) prices in the United States held steady this week, with the market weighed down by soft demand and ample supply. A US-based industry source told that sentiment remains muted: “US polycarbonate prices held stable, but the overall market tone stayed sluggish as demand continued to remain weak. Producers across regions pointed to comfortable […]
PetroChina, Asia’s largest oil and gas producer, reported a sharp decline in first-half profit as weaker crude prices and a sluggish domestic recovery eroded margins across its upstream and downstream segments. The state-owned giant posted a net income of CNY 68.3 billion ($9.4 billion) for January to June 2025, down nearly 10 percent compared with […]
The petrochemical complex faced renewed headwinds on Wednesday, with futures contracts for key polymers on the Dalian Commodity Exchange extending losses amid persistent concerns over demand recovery. Polypropylene, linear low-density polyethylene (LLDPE), and polyvinyl chloride (PVC) futures all closed lower, dragging down sentiment across the wider value chain. Polypropylene contracts settled at CNY 7,021 per […]
In a dramatic effort to defuse escalating trade tensions, the European Union has announced plans to fast-track the removal of all tariffs on U.S. industrial goods, aiming to push the legislation through by the end of this week. The move comes as part of a broader negotiation to secure a reduction in hefty U.S. tariffs […]
Methanol prices in the United States held steady on Monday despite bullish momentum in upstream energy markets. An industry source in the US, speaking on condition of anonymity, told a Polymerduniya team member that buying interest in the region remained muted, which kept trading activity subdued and prevented any upward shift in values. As a […]
Polymer grade propylene (PGP) prices in the United States advanced on Monday, supported by healthy trading activity and improved buying interest. An industry source in the US told a Polymerduniya team member that spot values gained ground as active deals in the market signaled firmer sentiment compared to the previous week. Spot delivered PGP was […]
Mixed xylene (MX) prices in the United States remained flat on Monday, showing no signs of movement despite lower indications circulating in the market. An industry source in the US, speaking on condition of anonymity, informed a Polymerduniya team member that MX values held stable even as some buyers and sellers pointed to softer sentiment. […]
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