A Polymerduniya source in China has shared that a Saudi Arabian producer is reportedly offering Linear Low-Density Polyethylene (LLDPE) in the highly specialized film grade for wire and cable applications at approximately USD 950 per metric ton on a CFR basis into China’s main ports, targeting September 2025 shipments. This offer arrives at a pivotal […]
This week, recycled polymer prices across the Middle Eastern region remained stable, supported by consistent buying interest from converters and steady availability in most markets. Traders noted that comfortable inventory levels and moderate collection activity kept supply in balance, while downstream demand in certain sectors stayed soft. The absence of major disruptions, combined with cautious […]
In a significant strategic shift, China’s Zhenhua Oil will double its crude oil offtake from Abu Dhabi National Oil Company (ADNOC) to 200,000 barrels per day by year-end, following its appointment as the asset leader for the UAE’s largest onshore oilfield, Bu Hasa. Zhenhua replaced TotalEnergies in January after a competitive bidding process, gaining full […]
Xeneta warns that spot container rates are poised to slide further in the coming weeks as offered capacity continues to outpace demand across several major trade routes. According to Chief Analyst Peter Sand, the latest 90-day extension of U.S.–China tariff levels into early November isn’t likely to spark another surge in cargo shipments. Shippers largely […]
A Polymerduniya source in Turkey indicates that an Iranian-based trader has announced an offer for HDPE Pipe (PE100 Natural) grade originating from Iran, priced at USD 955/mt. The shipment is quoted on an FCA Sahlan basis, with delivery scheduled for August 2025.
In the Gulf Cooperation Council (GCC) region, PVC resin prices remained unchanged this week, as confirmed by a regional Polymerduniya source. The Suspension grade PVC was assessed at USD 680–720/mt CFR GCC, matching levels from the previous week. Market sentiment in the region remains cautious. According to the source, sluggish construction activity and competitive pricing […]
This week, prices for HDPE and LLDPE in the Gulf Cooperation Council (GCC) region headed downward, while LDPE rates remained stable. An industry source in the GCC, speaking anonymously to Polymerduniya, noted that ample supply and tepid demand during the typical summer lull, particularly in both the GCC and East Mediterranean regions, have emboldened buyers […]
A Polymerduniya source in Vietnam reports that a Saudi Arabian producer is offering HDPE Pipe (PE100 Black) grade at USD 1,020/mt, on a CFR Ho Chi Minh port basis for August 2025 delivery. This reflects current trade interest between the Middle East and Southeast Asia, particularly for high-performance, pressure-capable pipe materials.
A fresh import offer has surfaced in South Africa’s PVC market, with a Saudi-based producer quoting PVC suspension resin, Grade 67S, for August 2025 delivery on a CFR Durban/Cape Town basis at USD 780 per tonne, according to a Polymerduniya source in South Africa. This latest offering registers at a discount compared to earlier quotes for May […]
Borouge Plc, the UAE-based polyolefins major, posted a second-quarter net profit of $193 million in 2025, outperforming market forecasts despite a scheduled turnaround at its Borouge 3 facility. The company maintained healthy margins and reaffirmed plans to increase its full-year dividend, signaling strong financial health and investor confidence. Second-quarter adjusted EBITDA came in at $440 […]
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