The U.S. propylene market delivered a split performance last week, with polymer grade propylene (PGP) slipping under the weight of oversupply and muted demand, while refinery grade propylene (RGP) held steady. An industry source told that the polymer grade spot market remains weak due to stable fundamentals. Oversupply and subdued downstream demand continue to exert […]
Ethylene spot prices in the U.S. softened last week, driven by a supply-demand imbalance. A source told that “abundant availability from consistent production has led to elevated stock levels, outpacing demand and pushing prices downward.” Key downstream sectors like packaging and construction have scaled back purchases, weakening sentiment and stalling any potential price recovery. Although […]
In response to languishing demand and an already saturated market, a number of Chinese petrochemical producers have scaled back operations at their propane dehydrogenation (PDH) units. The moves collectively affect about 3.8 million tonnes per year in propylene capacity. For many in the industry, this is a signal: the balance between supply and actual consumption […]
Over the next two years, China is set to implement an ambitious blueprint to reshape its petrochemical industry, one that tightens the reins on raw expansion and nudges the sector toward smarter, sustainable development. At the heart of the plan is a firm decision: no unchecked new refining capacity. Any additional refining must come through […]
Sinopec Tianjin Petrochemical is preparing to bring its paraxylene unit back online in the first half of October 2025, ending a maintenance shutdown that began on July 21. A market source in China said the company is expected to resume operations as planned, though independent confirmation remains pending. The Tianjin facility, with an annual production […]
Crude oil futures closed the week higher on Friday, lifted by a tangle of geopolitical shocks that tightened supply from major producers even as trade tensions and demand worries limited the rally. Benchmark Brent gained 1.02 percent, settling at US $70.13 a barrel on the ICE exchange, while West Texas Intermediate rose 1.14 percent to […]
Xiang Lu Petrochemical has restarted its purified terephthalic acid plants in Zhangzhou, restoring one of China’s largest PTA capacities to the market after a lengthy maintenance pause. Industry contacts told that the complex resumed operations around September 25, 2025, following a turnaround that began in late June. While the company has not released an official […]
Sarawak Petchem has quietly taken its Tanjung Kidurong methanol complex offline, a move that is already stirring speculation in Asia’s chemical markets. Market sources told that operations were halted in mid-September after a technical issue forced an unplanned shutdown. The exact nature of the problem has not been disclosed, and the company has yet to […]
Shandong Jincheng Petrochemical is preparing to shut its Group II base oils unit in Zibo, adding a note of uncertainty to China’s lubricants market just as the industry heads into the final quarter of the year. A market contact told that the company plans to take the unit offline around September 30, 2025, for maintenance. […]
HDPE prices slipped across parts of Asia this week while holding steady elsewhere. Crude oil kept climbing on the back of Russia-Ukraine tensions and the threat of new U.S. sanctions that could rattle supply chains. China’s polyethylene imports stayed firm but faced stiff competition from cheaper U.S. cargoes, even as Middle Eastern suppliers nudged prices […]
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