Propylene contract prices in the United States have settled for September 2025, with no change from the previous month. According to a local industry source, polymer grade propylene was agreed at 35.50 cents per pound, while chemical grade settled at 34.00 cents per pound. Both values represent a rollover from August levels. The outcome reflects […]
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 […]
Oil benchmarks edged lower on Tuesday, with both Brent and WTI crude futures closing in the red. Brent crude for December 2025 delivery settled at USD 66.32 per barrel, after trading between a high of USD 66.83 and a low of USD 66.10. The contract slipped by 77 cents on the day, marking a 1.15% […]
Occidental Petroleum is edging closer to a blockbuster deal that could reshape its business. The Houston-based energy giant confirmed it is in advanced talks to sell its chemical arm, OxyChem, in a transaction valued at no less than $10 billion. News of the potential sale sent Occidental’s shares up more than 1 percent in premarket […]
Oil markets pulled back last week as traders weighed growing supply concerns and softer demand signals. Brent crude settled at USD 68.33 per barrel, down 0.89 (–1.29 percent), while WTI crude closed at USD 64.76 per barrel, slipping 0.96 (–1.46 percent). The December 2025 contract anchored the Brent figure, while WTI’s reference was tied to […]
The U.S. propylene market delivered a split performance last week, with polymer grade propylene (PGP) slipping under the weight of oversupply and muted demand, while refinery grade propylene (RGP) held steady. An industry source told that the polymer grade spot market remains weak due to stable fundamentals. Oversupply and subdued downstream demand continue to exert […]
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 […]
Crude oil futures closed the week higher on Friday, lifted by a tangle of geopolitical shocks that tightened supply from major producers even as trade tensions and demand worries limited the rally. Benchmark Brent gained 1.02 percent, settling at US $70.13 a barrel on the ICE exchange, while West Texas Intermediate rose 1.14 percent to […]
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 […]
A fresh offer for US-origin linear low-density polyethylene film has surfaced in the West Coast South America market, according to trade sources. A contact told a team member that a US-based trader is heard to have placed material at USD 870 per metric ton on a CFR main port basis. The shipment is understood to […]
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