Polystyrene (PS) export prices in the United States witnessed a sharp downturn this week, as bearish market conditions weighed heavily on sentiment. The decline comes despite steady pricing in Asian markets, where momentum slowed due to the onset of seasonal holidays. According to an industry source in the U.S., weak downstream appetite combined with falling […]
This week, the U.S. polyethylene terephthalate (PET) market remained stable, with prices showing no movement despite ongoing discussions around tariffs and feedstock costs. Market sentiment reflected a cautious balance, as buyers and sellers continued to negotiate terms in an environment where trade-related costs remain a key factor shaping pricing dynamics. An industry source in the […]
In an unexpected turn on Thursday, polymer grade propylene (PGP) prices in the United States edged lower even as crude oil values moved higher. Market participants were left surprised as the usual correlation between crude and propylene failed to hold. An industry source, speaking on condition of anonymity, revealed that the weakness was largely a […]
Ethylene prices moved higher in the United States on Tuesday, lifted by stronger trading momentum and firmer buying sentiment. Market participants reported that active discussions and a number of trades concluded at improved price levels gave a clear push to spot values. An industry source in the US, while speaking to a team member, confirmed […]
Polymer grade propylene (PGP) prices edged lower in the US on Tuesday, weighed down by muted trading activity and subdued demand. An industry source in the US, speaking on condition of anonymity, told a team member that spot PGP prices declined as market momentum remained soft. Spot delivered PGP was assessed at 29.00–29.50 cents/lb FD […]
Ethylene prices in the United States began the week unchanged, reflecting a market caught between steady fundamentals and reports of operational hiccups. According to a source, a handful of cracker issues have emerged, though these disruptions have not yet been significant enough to alter the broader pricing picture. On Monday, spot ethylene in the US […]
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 […]
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