The Asian polyethylene and polypropylene markets remained subdued this week, with prices either holding steady or easing across most segments. Market sentiment was cautious, shaped by geopolitical headlines, seasonal shifts, and regional supply developments. Peace talks between Ukraine and Russia, reportedly pushed by a US-led diplomatic effort, sparked hopes of lower crude oil prices, but […]
A Polymerduniya source in China has shared that a Saudi Arabian producer is reportedly offering Linear Low-Density Polyethylene (LLDPE) in the highly specialized film grade for wire and cable applications at approximately USD 950 per metric ton on a CFR basis into China’s main ports, targeting September 2025 shipments. This offer arrives at a pivotal […]
Fuhaichuang Petroleum and Petrochemical is preparing to recommence operations at its orthoxylene (OX) plant in Gulei by the end of August 2025, according to a Polymerduniya source. The plant, which has been offline since late June for maintenance, is scheduled to restart at the close of the month. The facility boasts a substantial annual production […]
Ethylene prices in the United States slipped on Thursday as deals were finalized at reduced levels. An industry source told a Polymerduniya team member that the decline reflected softer trading sentiment in the market. Prices were assessed at 22.00–22.50 cents/lb FD US Gulf, marking a drop of 0.50 cents/lb from Wednesday’s levels. In contrast, Asian […]
Sumitomo Chemical has officially commenced operations of its groundbreaking ethanol-to-propylene pilot facility at the Sodegaura site of its Chiba Works, marking a pivotal achievement in the petrochemical industry’s shift toward alternative, renewable feedstocks. The facility, completed as part of the NEDO Green Innovation Fund initiative, began operating this week after construction efforts that began in […]
Long Son Petrochemical has restarted its high-density polyethylene (HDPE) unit, resuming operations around August 19, 2025, after a prolonged shutdown that began in mid-October 2024. The unit, located in Ba Ria-Vung Tau province, has a production capacity of 500,000 mt per year and has been taken offline along with its upstream cracker amid shrinking production […]
On Wednesday, propylene prices in Europe moved lower as weak regional demand and sufficient availability weighed on sentiment. An industry source in Europe told a Polymerduniya team member that the market remained under pressure, with limited buying interest and ample supply driving prices down. CIF NWE propylene was assessed at Euro 735–745/mt, marking a decline […]
This week, ethylene vinyl acetate (EVA) prices in Europe continued their downward trajectory, pressured by weak demand and seasonal factors. An industry source in Europe told a Polymerduniya team member that prices for all EVA grades fell through the month as the end of the agricultural film season dampened activity and the summer slowdown further […]
On Wednesday, polymer futures in China closed on a firmer note, with LLDPE, PP, PVC, and MEG all recording modest day-on-day gains, supported by steady market sentiment and improved buying interest. LLDPE (l2601) opened at RMB 7,347 (USD 850) and traded between RMB 7,413 (USD 858) and RMB 7,337 (USD 849) before closing at RMB […]
On Wednesday, propylene prices in Asia recorded gains, supported by rising upstream energy costs and improving market sentiment. An industry source in Asia told a Polymerduniya team member that higher crude and naphtha prices created cost-push pressure, while robust purchasing interest from local end-users and traders further lifted confidence. Market players highlighted that firmer feedstock […]
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