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 […]
China American Petrochemical has taken its purified terephthalic acid unit in Taichung, Taiwan, offline for scheduled maintenance, according to market sources. A contact familiar with the situation told a team member that the shutdown began around September 24, 2025, though the exact duration has not been confirmed and no official statement has been released. The […]
Alpek Polyester is preparing to take its polyethylene terephthalate plant in Montreal offline for maintenance early next month. A source familiar with the matter told a team member that the company intends to begin the turnaround on October 7, 2025, though the exact length of the outage has yet to be finalized. Official confirmation from […]
US ethylene prices were unchanged on Thursday, reflecting another quiet trading day and a lack of fresh market drivers. A Gulf Coast industry source told a team member that discussions remained muted, with participants largely staying on the sidelines. Spot assessments held firm at 20.00–20.50 cents per pound FD US Gulf, rolling over from Wednesday […]
Linear low-density polyethylene prices fell again on the West Coast of South America this week, while other Latin American markets held steady. An industry source told a team member that plentiful supply and weak demand kept pressure on sellers, with many buyers postponing purchases in anticipation of further declines. Sellers struggled to move volumes as […]
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