Crude oil prices fell on Friday, snapping a two-day rally, as slowing US summer demand and renewed supply concerns from OPEC+ weighed on sentiment. The decline came even as the Russia–Ukraine war showed no signs of resolution, with the European Union weighing secondary sanctions on Russian crude buyers. Moscow’s steady exports to India, China, and […]
The European polymer market showed a divided picture this week, with spot HDPE and LDPE prices easing on sluggish demand and sufficient supply, while LLDPE managed to hold firmer thanks to reduced availability and selective demand support. Contract prices across most polyethylene grades, however, rolled over as market participants awaited clearer direction from September negotiations. […]
ABB has entered a landmark supply agreement with Citroniq to provide advanced automation, electrification, and digital technologies for what is set to become the world’s first full commercial-scale biogenic polypropylene facility. The project, located in Nebraska, will use corn-based ethanol feedstock to produce fully certified 100% bio-based polypropylene, with operations scheduled to begin in 2029. […]
Polyethylene terephthalate (PET) spot prices in Europe edged lower this week, extending a period of sluggish demand and oversupply that has left the market mired in one of its weakest phases since early 2021. Contract values, however, were unchanged across the region, offering little indication of recovery as September approaches. A European market participant told […]
Polypropylene (PP) prices in Europe drifted lower this week as muted demand and ample supply weighed heavily on sentiment, overshadowing an uptick in upstream propylene spot values. A market participant told Polymerduniya, “The European polypropylene market experienced price decreases in August across every product segment, impacted by weak buyer interest and reduced spot activity as […]
Ethylene prices slipped in Europe on Wednesday as subdued demand and ample regional supply exerted downward pressure, while Northeast Asia bucked the trend with a modest uptick. A market participant in Europe told Polymerduniya, “Prices came under bearish pressure as weak demand and ample supply weighed on the market.” The sentiment reflects broader weakness in […]
Ethylene vinyl acetate (EVA) prices in Europe remained unchanged this week as weak demand and seasonal slowdowns weighed on trading activity. Market participants noted subdued buying interest, with most players holding back ahead of September contract negotiations. A European industry source told Polymerduniya, “Trading activity in the EVA spot market stayed muted amid persistently low […]
Propylene prices in Europe remained stable on Wednesday, with weak demand and ample supply keeping trading activity subdued. A regional industry source told Polymerduniya, “Even though the pricing trend remained stable, buying activity stayed muted due to weak demand and abundant supply.” CIF Northwest Europe propylene was assessed at EUR 725–735/mt, unchanged from Tuesday. Spot […]
Over the past decade, the Gulf Cooperation Council (GCC) petrochemical sector has quietly undergone a transformative evolution, blending environmental stewardship with economic savvy. Led by the forward-thinking Gulf Petrochemicals and Chemicals Association (GPCA), the industry has demonstrated that sustainability and growth can go hand in hand, if guided by strategic vision. Between 2013 and 2023, […]
Europe’s polyethylene terephthalate (PET) market has seen its summer uptrend lose momentum, with sellers now facing mounting pressure as expectations for September weaken. After several weeks of firmer pricing supported by seasonal beverage demand and constrained imports, the market has shifted, revealing signs of fragility that could usher in a softer outlook for the autumn […]
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