Key Chinese polymer futures contracts closed weaker on Wednesday, with LLDPE, polypropylene, PVC and monoethylene glycol all slipping amid cautious market sentiment and subdued buying activity. On the Dalian Commodity Exchange, LLDPE (l2601) opened at RMB 7,370 (USD 858) and closed at RMB 7,358 (USD 856), down 0.42% or RMB 31 (USD 3.61/mt) from the […]
Propylene prices in Europe remained stable on Wednesday, with weak demand and ample supply keeping trading activity subdued. A regional industry source told Polymerduniya, “Even though the pricing trend remained stable, buying activity stayed muted due to weak demand and abundant supply.” CIF Northwest Europe propylene was assessed at EUR 725–735/mt, unchanged from Tuesday. Spot […]
Ethylene prices showed mixed movements across Asia on Wednesday, with Northeast Asia edging higher while Southeast Asia remained unchanged. CFR Northeast Asia prices were assessed at USD 840–850/mt, up by USD 5/mt from Tuesday. A regional industry source told that, “Ethylene prices in Northeast Asia saw an increase, backed by a rise in local purchasing […]
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 […]
Over the past decade, the Gulf Cooperation Council (GCC) petrochemical sector has quietly undergone a transformative evolution, blending environmental stewardship with economic savvy. Led by the forward-thinking Gulf Petrochemicals and Chemicals Association (GPCA), the industry has demonstrated that sustainability and growth can go hand in hand, if guided by strategic vision. Between 2013 and 2023, […]
Bharat Petroleum Corporation Ltd (BPCL) has announced plans for a ₹95,000 crore refinery expansion project aimed at significantly boosting India’s domestic refining capacity and reducing reliance on imports. The investment, one of the largest in the state-run refiner’s history, underscores the company’s strategic push to strengthen energy security while aligning with the nation’s long-term industrial […]
Abu Dhabi’s ADNOC has sealed a landmark 15-year Sales and Purchase Agreement with Indian Oil Corporation Ltd (IndianOil), committing to supply one million tonnes per annum of liquefied natural gas from its lower-carbon Ruwais LNG project. The deal, which builds on an earlier Heads of Agreement, marks a significant expansion of ADNOC’s footprint in Asia’s […]
Europe’s polyethylene terephthalate (PET) market has seen its summer uptrend lose momentum, with sellers now facing mounting pressure as expectations for September weaken. After several weeks of firmer pricing supported by seasonal beverage demand and constrained imports, the market has shifted, revealing signs of fragility that could usher in a softer outlook for the autumn […]
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 […]
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