This week in Asia the polyethylene markets, especially HDPE, LDPE, and LLDPE, showed signs of fatigue. Prices nudged down in several markets, while many buyers pulled back, waiting for clearer signals after the upcoming festive breaks. The tension between ample supply (some of it driven by U.S.-origin and Middle Eastern cargoes) and tepid end-use demand […]
Hanwha Solutions is preparing to take its Yeosu oxo-alcohols plant offline for maintenance in November 2025, according to sources close to the company in South Korea. The decision, while expected, has not been formally confirmed by an official spokesperson, and details such as the exact start date and the length of the outage are not […]
Korea Petrochemical Industry Co (KPIC) is reported to be planning a significant maintenance turnaround of its cracker at Onsan in the fourth quarter of 2026, according to a source in South Korea. While the shutdown schedule is tentative and both the date and duration are yet unconfirmed, market watchers are already bracing for the impact. […]
Xinjiang Tianye has reportedly taken its large No. 3 monoethylene glycol (MEG) unit in Shihezi, Xinjiang, offline for maintenance around September 19, 2025, according to multiple China-market sources. The company has not issued an official announcement, and the expected duration of the shutdown remains unknown. The unit in question carries a 600,000 metric tons per […]
Enterprise Products has taken its No. 2 propane dehydrogenation (PDH) unit at Mont Belvieu, Texas offline as of September 11, 2025 for maintenance, according to sources in the U.S. team. The shutdown was reported internally but has not yet been officially confirmed by the company. How long the unit will remain out of service remains […]
Crude oil prices dropped for the third straight day on Friday, weighed down by growing worries over excess supply and tepid demand forecasts. Despite the U.S. Federal Reserve’s recent 25-basis-point rate cut intended to spur economic activity, the markets remain nervous. Additional output from OPEC+ and a global supply glut have offset hopes of stronger […]
A reliable source in China reports that a US-based producer has put forward an offer for high-density polyethylene (HDPE), injection grade, priced at USD 830 per metric ton on a Cost & Freight (CFR) basis to China’s main ports. The proposed shipment date is for October 2025, placing this offer squarely in Q4 trade discussions. […]
Propylene prices in the United States showed no movement on Thursday, extending a week-long pattern of muted trading and steady assessments. Market participants described an atmosphere of quiet caution, with buyers and sellers content to wait for clearer signals before committing to fresh volumes. A Gulf Coast trader told a correspondent that sentiment remains subdued […]
High-density polyethylene (HDPE) prices across Europe continued their steady retreat this week, weighed down by an unrelenting glut of material and buyers who remain firmly on the sidelines. September has delivered little in the way of relief for producers or distributors, as both spot and contract markets confront swelling inventories and lackluster downstream demand. Market […]
U.S. polypropylene (PP) export prices slipped again this week, underscoring a market that continues to wrestle with slack demand and stubbornly high buyer inventories. Despite some of the most competitive offers seen this year, overseas customers remain largely indifferent, leaving producers and traders to contend with a persistent glut and mounting pressure from low-cost Asian […]
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