Ethylene prices held firm across Europe and Asia on Tuesday, with markets showing little activity amid a backdrop of economic uncertainty and cautious buying sentiment. In Europe, ethylene prices were stable at USD 845–855/mt CIF North-West Europe (NWE) and €750–760/mt FD NWE, mirroring Monday’s levels. An industry source in Europe noted that while supply remained […]
Sinopec Maoming Petrochemical has revealed plans for a significant maintenance shutdown at its high-density polyethylene (HDPE) unit, according to a Polymeduniya source in China. The plant, located in Maoming, Guangdong, will cease operations from late October 2025 and is expected to remain offline through the end of December 2025. This HDPE unit boasts a substantial […]
Fuhaichuang Petroleum and Petrochemical is poised to bring its Orthoxylene (OX) facility back online by the end of August 2025, according to reliable Polymerduniya sources. The Gulei-based unit, which paused operations in late June for scheduled maintenance, carries an impressive production capacity of 240,000 metric tons per year. Strategically located in the petrochemical hub of […]
South Korea’s petrochemical industry is reeling under the weight of China’s oversupply, with major companies slashing output and trimming jobs as market pressures intensify. According to local media, plant utilization rates, crucial for profitability, have tumbled well below the 80% threshold, with some facilities running in the 60% range during the first half of 2025. […]
A Polymerduniya source in China reported that a Saudi Arabian producer has floated an offer for metallocene-grade LLDPE (mLLDPE) at approximately USD 1,055 per metric ton, on a CFR China Main Port shipment basis slated for end-August to early September 2025. This move signals the producer’s readiness to engage in the Asian spot market, capitalizing […]
Zhejiang Petroleum & Chemical (ZPC) has brought its third butadiene (BD) plant in Zhoushan back online following a maintenance turnaround. A Polymerduniya source confirmed that the unit, which had been shut down on June 23, 2025, resumed operations in mid-August 2025. The No. 3 plant boasts a substantial production capacity of 250,000 metric tons per […]
PetroChina Fushun Petrochemical has taken its Linear Low-Density Polyethylene (LLDPE) plant in Fushun offline for a scheduled maintenance turnaround that began on August 15, 2025. According to industry sources, the unit, capable of producing 450,000 metric tons per year, is expected to remain offline through early October 2025, marking approximately a two-month shutdown. Strategically located […]
Hanwha TotalEnergies Petrochemical has taken its sizable Paraxylene (PX) production unit at Daesan offline for a scheduled maintenance turnaround that began in early August 2025, with operations expected to resume by the end of September 2025. The outage affects a facility with an annual production capacity of 1.26 million metric tons, a significant portion of […]
On the Dalian Commodity Exchange, polymer futures closed mostly lower on Monday as trading sentiment remained subdued. The exchange rate stood at 1 USD = 7.18 RMB. LLDPE (l2509) opened at RMB 7,308 (USD 846) and moved between RMB 7,312 (USD 846) and RMB 7,264 (USD 841) before closing at RMB 7,292 (USD 844). Prices […]
Propylene prices rose last week in Korea, Japan, and Southeast Asia, while remaining stable in China and Taiwan. An industry source in Asia, requesting anonymity, told Polymerduniya, “The increase in Asian propylene prices was mainly influenced by reduced supply conditions and consistent regional demand. Multiple production challenges, such as decreased cracker operating rates and scheduled […]
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