Türkiye’s SASA Polyester announced sweeping details of its $25 billion petrochemical investment in Yumurtalık, positioning the project as one of the largest industrial undertakings in the country’s history. The multi-phase complex, unveiled this week, is designed to dramatically reduce Türkiye’s reliance on imported petrochemicals while propelling SASA into the ranks of global-scale producers. The project, […]
The petrochemical complex faced renewed headwinds on Wednesday, with futures contracts for key polymers on the Dalian Commodity Exchange extending losses amid persistent concerns over demand recovery. Polypropylene, linear low-density polyethylene (LLDPE), and polyvinyl chloride (PVC) futures all closed lower, dragging down sentiment across the wider value chain. Polypropylene contracts settled at CNY 7,021 per […]
In a dramatic effort to defuse escalating trade tensions, the European Union has announced plans to fast-track the removal of all tariffs on U.S. industrial goods, aiming to push the legislation through by the end of this week. The move comes as part of a broader negotiation to secure a reduction in hefty U.S. tariffs […]
On Monday, ethylene prices in the United States declined as deals were concluded at lower levels, reflecting a softer sentiment in the petrochemical chain. Ethylene was assessed at 21.50–22.00 cents/lb FD US Gulf, down by 0.50 cents/lb compared to last Friday. In contrast, Asia recorded firmer sentiment, with ethylene prices assessed at USD 835–845/mt CFR […]
The European polymer complex remained subdued in August, with most grades under pressure from weak demand, heavy inventories, and the seasonal holiday slowdown. While some contracts rolled over, spot markets reflected more noticeable declines, as buyers avoided fresh commitments and sellers struggled with oversupply. In HDPE, spot values drifted lower while contract settlements mostly rolled […]
European PET markets are navigating choppy waters this week. Spot prices for polyethylene terephthalate (PET) continued their gentle descent, pressured by sluggish consumption and the holiday-induced lull in purchasing activity. In contrast, contract prices remain steady, providing some semblance of stability amid widespread pessimism. An industry insider informed a Polymerduniya team member that PET spot […]
A Polymerduniya source in Europe reports that a UK-based producer has quietly placed an offer for recycled high-density polyethylene (R-HDPE) tailored for blow moulding applications. The material is a mixed-color grade with a melt flow index (MFI) of 0.95, offered in 20-tonne lots at GBP 715 per metric tonne on an Ex Works basis, with […]
A Polymerduniya source in Europe reports that a UK-based producer has quietly introduced an offer for recycled polypropylene (R-PP) homopolymer, specifically the P512 grade featuring medium melt and black coloration with an MFI of 10, available in 20-tonne lots at GBP 575 per metric tonne. The offer, structured on an Ex Works basis, targets a […]
A Polymerduniya source in Europe reports that a UK-based producer is offering recycled PET, specifically clear bottle flake with an intrinsic viscosity of 0.74, in 20-tonne batch sizes at GBP 1,400 per metric tonne. The offer is available on an Ex-Works basis and is slated for September 2025 shipment. This offer underscores growing activity in […]
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 […]
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