Farabi Petrochemicals Company has inaugurated its fourth integrated Linear Alkyl Benzene (LAB) plant in Yanbu Industrial City, cementing its status as the world’s largest integrated LAB producer. The $950 million state-of-the-art facility adds 120,000 metric tons per year of LAB capacity and is built adjacent to Aramco’s refineries, allowing the use of locally produced kerosene […]
Al-Waha Petrochemical Company is planning to bring its 450,000 mt/year polypropylene (PP) unit back online by the end of September 2025, following a shutdown for maintenance that reportedly began around September 1. A source in Saudi Arabia said the company aims to resume operations at the Jubail facility, though official confirmation remains pending. The Jubail […]
An industry source in the East Mediterranean reports that a Northeast Asian supplier has floated a high-impact polystyrene (HIPS) grade offer around USD 1,250 per metric ton for October 2025 shipment, CFR to a main port in the East Mediterranean. The quoted level suggests the seller is positioning aggressively into that market window, possibly leveraging […]
Oil futures in early trade showed slight declines, reflecting a tug-of-war between stable demand signals and growing concerns over excess supply. West Texas Intermediate for October delivery slipped to USD 62.65 a barrel, barely down, and Brent for November edged lower to USD 66.56 a barrel. Analysts suggest that while supply remains plentiful, particularly with […]
Polypropylene prices fell across the Gulf Cooperation Council this week, pressured by lower import offers and shifting global feedstock trends that kept the market on edge. A regional industry source told that overseas suppliers cut prices aggressively, undercutting confidence and adding to the downward pull from soft supply-demand dynamics, raw-material cost changes, and lingering logistics […]
PET bottle-grade prices in the Gulf Cooperation Council fell this week, pressured by muted buying interest and competitive import offers that kept regional sellers on edge. A market source in the GCC told that sentiment remained fragile as buyers hesitated amid worries over market stability, a soft economic backdrop, and broader geopolitical uncertainty. The reluctance […]
In a move welcomed by U.S. exporters and trade observers, Türkiye has lifted extra financial obligations that had applied to certain imports from the United States, including polyvinyl chloride (PVC) and other goods. These measures, first introduced in 2018 during a period of economic tension, are being rescinded as Ankara seeks to reset trade relations […]
Polymer market watchers in China are reporting a fresh signal from the Middle East that could influence regional trade flows. According to information shared with Polymerduniya, a Saudi Arabian producer has announced an offer for High-Density Polyethylene (HDPE) film grade at around USD 910 per metric ton. The material is intended for October 2025 shipment, […]
Oil prices slipped early Wednesday as traders weighed signs of uneven global demand and ongoing concerns about economic growth. Both major benchmarks, West Texas Intermediate (WTI) and Brent, registered modest declines in early morning trading, reflecting a market that remains sensitive to shifts in sentiment and macroeconomic signals. WTI crude for October 2025 delivery traded […]
The Iranian recycled polymer market maintained a steady tone this week, with prices across key grades showing little sign of volatility despite mixed demand from downstream sectors. Traders and converters reported that balanced supply and cautious buying patterns have kept the market in equilibrium, allowing prices to remain stable on a free-on-board (FOB) Iran basis. […]
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