Demand in Karachi’s open polymer markets on Monday, July 28, 2025, was notably sluggish, with prices generally softer across the board. Polypropylene raffia traded at around PKR 356–358/kg, injection grade at PKR 357–359/kg, and film grade at PKR 365–367/kg. PPCP exchanged hands around PKR 379–381/kg, while random copolymer was priced at PKR 421–423/kg. On the HDPE front, injection grade fell […]
At least 40% of the European Union’s ethylene production capacity, equivalent to around 9.8 million metric tonnes per year out of a total of 24.5 Mtpa, is now at high to medium risk of closure according to a Wood Mackenzie analysis reviewing facilities at or below 80% utilisation rates, many of which are small to mid-sized […]
India and the United Kingdom formally sealed the Comprehensive Economic and Trade Agreement (CETA) on July 24, 2025, signaling a major deepening of economic ties between the two nations. Negotiated since January 2022 and finalised in principle in May, the pact unlocks tariff-free access for 99% of Indian exports to the UK, encompassing textiles, apparel, […]
Sibur, Russia’s leading polymer producer, has unveiled SIBEX® PPI030CF, its newest polypropylene grade engineered specifically for retort packaging applications in food and animal feed sectors. Retort packaging, hermetically sealed and capable of withstanding sterilization temperatures of up to 120–130 °C, offers a lightweight, flexible alternative to traditional glass and metal containers by improving logistics efficiency and […]
Shell Chemicals has announced a planned maintenance program for its ethylene glycol (EG) and ethylene oxide (EO) units at the Geismar, Louisiana site, scheduled for August 2025. According to industry sources, the company will temporarily halt operations at both units, though exact dates and downtime are yet to be confirmed. The EG unit capacity stands […]
The European Commission has initiated provisional anti-dumping duties on acrylonitrile-butadiene-styrene (ABS) resin imports originating from South Korea and Taiwan, following conclusive findings of injurious price undercutting that have harmed the EU plastics industry. Duty levels vary by exporter: South Korea’s LG Chem faces a duty of 3.7%, Lotte Chemical is subject to 5.8%, while other […]
The August butadiene contract for Northwest Europe has been finalized at €750 per tonne, marking a €20 decrease from July’s agreed level of €770/t, according to market sources. This downward adjustment reflects the ongoing rebalancing in the European butadiene market, where steady demand and ample feedstock availability have eased pricing pressure. While inventory levels remain […]
The United States and the European Union are edging closer to a trade agreement that would institute a 15% reciprocal tariff on most EU exports to the U.S., mirroring the framework recently adopted in a similar deal with Japan. Certain high-profile categories, such as aircraft, spirits, and medical devices, would likely be exempted under the […]
Rosneft-backed Nayara Energy has doubled down on its long-term commitment to India’s downstream energy expansion, reaffirming plans to invest ₹70,000 crore (approximately $8 billion) in refining, petrochemicals, ethanol plants, and retail infrastructure, even as it finds itself ensnared in the European Union’s latest sanctions package targeting Russian-linked oil interests. In a strongly worded statement, Nayara slammed the […]
Last week, ethylene prices across Asia were largely unchanged, underscoring a subdued trading landscape. FOB Korea assessments stood at USD 770–780/mt, while FOB Japan held at USD 765–775/mt, both mirroring prices from the preceding week. CFR Northeast Asia ethylene remained flat at USD 815–825/mt, and CFR Southeast Asia also held steady at USD 825–835/mt. Market participants noted a distinct […]
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