Despite weakening energy values, ethylene prices in Asia held steady on Monday, defying expectations of a downturn. Market participants reported limited trading activity, as buyers and sellers remained on the sidelines, hesitant to commit amid falling naphtha prices and broader market uncertainty. According to an industry source who spoke to Polymerduniya on condition of anonymity, […]
Benzene prices weakened in both the United States and Asia this week, reflecting subdued demand and cautious market sentiment amid growing economic uncertainty. In the United States, downstream buyers are showing restraint. On Wednesday, benzene prices were assessed at 268.00–268.10 cents/gallon FOB US Gulf, marking a $0.01 drop (–1 cent/gallon) compared with last Friday’s levels, […]
In a move that has stirred attention within India’s polymer industry, Haldia Petrochemicals Ltd (HPL) has unveiled a short‑duration “Early Bird” discount of ₹2.50 per kilogram on polypropylene (PP) grades for domestic buyers. The offer, valid only from August 1 through August 15, 2025, is aimed at accelerating early bookings and dispatches, according to a […]
A Chinese producer has surfaced with a fresh offer for PVC carbide resin (SG5 grade) at USD 670 per tonne on an August 2025 CFR Chattogram basis, according to a Polymerduniya market contact in Bangladesh.. The SG5 grade, characterized by a K value of 66–68, is widely used for durable pipe and rigid vinyl products in […]
Reliance Industries Ltd (RIL) has announced a fresh price increase for bottle‑grade PET resin in the Indian domestic market. According to a domestic industry source, prices will rise by ₹3 per kilogram, effective August 1, 2025, reflecting ongoing cost pressures in feedstocks and logistics. This follows earlier partial increases by the company in May (₹1.50/kg) and […]
A Polymerduniya source in Bangladesh reports that a Chinese producer has offered both polypropylene yarn and injection-grade resin for delivery to Chattogram (Chittagong) port in August 2025, priced between USD 920–930 per tonne CFR. This price point appears competitive compared to prior June offers when Chinese injection grade was assessed around USD 950/mt CFR, and raffia levels […]
Propylene prices in Korea fell modestly on Wednesday amid weakening regional demand, while Chinese pricing remained unchanged. FOB Korea assessments dropped by USD 10/mt, settling at USD 725–735/mt, from Tuesday levels. A market insider attributed the slide to “weak regional buying sentiment,” as downstream converters remained cautious and refrained from restocking. In contrast, CFR China propylene prices […]
Asia’s ethylene prices held steady on Wednesday, with CFR Northeast Asia assessed at USD 815–825/mt and CFR Southeast Asia at USD 825–835/mt, unchanged from the previous day. “A subdued trading environment persisted, with buyers remaining cautious despite rising naphtha costs that normally lift ethylene values,” said an industry source based in Asia, who requested anonymity. Market activity […]
Borouge Plc, the UAE-based polyolefins major, posted a second-quarter net profit of $193 million in 2025, outperforming market forecasts despite a scheduled turnaround at its Borouge 3 facility. The company maintained healthy margins and reaffirmed plans to increase its full-year dividend, signaling strong financial health and investor confidence. Second-quarter adjusted EBITDA came in at $440 […]
In a bold move signaling China’s next stage of petrochemical ambition, Shandong Yulong Petrochemical has proposed a ¥117.86 billion (USD 16.42 billion) project to integrate high-value petrochemical production into its sprawling Yantai refinery complex. Derived from a government notice issued by the Ministry of Natural Resources and reported by Jiemian News, the plan outlines a major transformation: feedstocks […]
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