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 […]
Rosneft’s bid to offload its 49.13% stake in Nayara Energy is now imperiled following the European Union’s most recent sanctions package targeting Russian energy ties, according to a Bloomberg report. As part of the EU’s 18th round of sanctions, refined petroleum products derived from Russian crude, even when processed in third-country facilities, are expressly banned, […]
Vietnam has implemented a 2% import duty on HDPE and LLDPE, effective July 8, 2025, aiming to shield its only domestic polyolefin producer, Long Son Petrochemical (LSP), from a surge of low-priced imports, particularly from Southeast Asia and China. LSP had lobbied for a 3% tariff during the development of its new facility, but downstream […]
Ethylene prices in Asia held steady on Tuesday despite bearish signals from energy markets. CFR Northeast Asia ethylene was assessed at USD 815–825/mt, unchanged from Monday’s assessment, while CFR Southeast Asia remained flat at USD 825–835/mt, according to a regional industry source who noted that “prices remained constant amid a muted buying momentum in the Asian markets.” […]
Sadara Chemical Company has declared a force majeure on LDPE supplies from its Al Jubail plant following a fire incident in early July 2025. The company reported the site fire mid-month, prompting a temporary halt in operations, though the duration of the disruption remains unspecified. Located in Al Jubail, Saudi Arabia, this LDPE unit supports an annual […]
Hyundai Chemical Co Ltd is preparing for a significant scheduled turnaround at its LDPE/EVA swing plant in Daesan, South Korea, with maintenance anticipated to begin on October 13, 2025, and extend through November 24, 2025, according to a source speaking on condition of anonymity. The facility, which has an annual production capacity of approximately 300,000 mt, routinely […]
Propylene prices in Asia remained stable on Tuesday, showing resilience in the face of declining energy values. Despite softer crude and feedstock dynamics, regional benchmarks were assessed unchanged, as buying activity stayed subdued and market participants maintained a cautious stance. A regional trader, speaking on condition of anonymity, noted, “Prices were left unchanged on the […]
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