Demand in Karachi’s open polymer markets on Monday, July 28, 2025, was notably sluggish, with prices generally softer across the board. Polypropylene raffia traded at around PKR 356–358/kg, injection grade at PKR 357–359/kg, and film grade at PKR 365–367/kg. PPCP exchanged hands around PKR 379–381/kg, while random copolymer was priced at PKR 421–423/kg. On the HDPE front, injection grade fell […]
India and the United Kingdom formally sealed the Comprehensive Economic and Trade Agreement (CETA) on July 24, 2025, signaling a major deepening of economic ties between the two nations. Negotiated since January 2022 and finalised in principle in May, the pact unlocks tariff-free access for 99% of Indian exports to the UK, encompassing textiles, apparel, […]
Shell Chemicals has announced a planned maintenance program for its ethylene glycol (EG) and ethylene oxide (EO) units at the Geismar, Louisiana site, scheduled for August 2025. According to industry sources, the company will temporarily halt operations at both units, though exact dates and downtime are yet to be confirmed. The EG unit capacity stands […]
The European Commission has initiated provisional anti-dumping duties on acrylonitrile-butadiene-styrene (ABS) resin imports originating from South Korea and Taiwan, following conclusive findings of injurious price undercutting that have harmed the EU plastics industry. Duty levels vary by exporter: South Korea’s LG Chem faces a duty of 3.7%, Lotte Chemical is subject to 5.8%, while other […]
Rosneft-backed Nayara Energy has doubled down on its long-term commitment to India’s downstream energy expansion, reaffirming plans to invest ₹70,000 crore (approximately $8 billion) in refining, petrochemicals, ethanol plants, and retail infrastructure, even as it finds itself ensnared in the European Union’s latest sanctions package targeting Russian-linked oil interests. In a strongly worded statement, Nayara slammed the […]
Last week, ethylene prices across Asia were largely unchanged, underscoring a subdued trading landscape. FOB Korea assessments stood at USD 770–780/mt, while FOB Japan held at USD 765–775/mt, both mirroring prices from the preceding week. CFR Northeast Asia ethylene remained flat at USD 815–825/mt, and CFR Southeast Asia also held steady at USD 825–835/mt. Market participants noted a distinct […]
Propylene prices in parts of Asia softened last week as a wave of new supply weighed against lackluster downstream demand. FOB Japan pricing eased to USD 740–750/mt (down USD 5/mt), while Taiwan’s CFR pricing dropped more sharply to USD 775–785/mt (down USD 15/mt). Prices in China’s CFR market also edged lower to USD 765–775/mt, again slipping by USD 5/mt week on […]
Manali Petrochemicals Ltd (MPL), a Chennai‑based subsidiary of Singapore’s AM International, has announced a major expansion of its propylene glycol plant, raising its annual production capacity from 22,000 tonnes to 72,000 tonnes. The upgraded facility is pending formal approval and is set to commence operations once it secures the Consent to Operate (CTO) from the Tamil Nadu State […]
Inventory levels at China’s two leading polyolefin producers continued their upward trajectory in the week ending July 18, climbing by approximately 45,000 tonnes to reach 770,000 tonnes, an increase of over 6% from the prior week, according to market sources. This accumulation marks the latest chapter in a persistent upward trend, as weak demand from […]
India’s state-run Oil and Natural Gas Corporation (ONGC) is exploring the development of a new refinery in Jamnagar, Gujarat, with a prospective capacity of 200,000 to 240,000 barrels per day, according to a company source speaking on the condition of anonymity. A pre-feasibility study is currently underway, although formal approval or detailed plans have yet […]
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