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Asian monomer markets react after crude oil surge

Monomer markets in Asia have got off to a fast start this week, following the news that Saudi Aramco’s oil facilities in eastern Saudi Arabia became the target of highly disruptive drone attacks on the night of September 14. The attack cost Saudi Aramco nearly half of its daily oil output, which in turn resulted in a global daily loss of 5%, and sent the Asian monomer markets into a jitter...

  • 17.09.2019

Weekly Market Drivers for the USA

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  • 16.09.2019

Initial September PX contract settles in Europe

The new settlement indicates modest decreases from August…

  • 10.09.2019

Hengyi produces first qualified petchem product at new Brunei complex

The Sino-Bruneian joint venture has moved closer to full commercial operations…

  • 10.09.2019

Weekly Market Drivers for the USA

Weekly Resin Summaries…

  • 09.09.2019

Sept PET offers witness fresh drops in Europe

Prices draw near to the €900/ton threshold on the low end…

  • 03.09.2019

September PX contract settles in Asia

The settlement was significantly lower than the initial nominations…

  • 02.09.2019

Weekly Market Drivers for the USA

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  • 02.09.2019

PX sellers nominate September contracts in Asia

If accepted by buyers, the nominations would put September contracts at $880-920/ton CFR Asia…

  • 30.08.2019

August PX contract settles in Europe

The new contract was agreed down by €40/ton from last month…

  • 29.08.2019

Weekly Market Drivers for the USA

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  • 26.08.2019

PetroChina Guangdong selects technology for new complex

Honeywell UOP will provide advanced heavy oil processing technology for the petchem facility…

  • 23.08.2019

Export PET prices from China signal stabilization after 6 weeks of declines

Players in the Asian PET markets began exercising caution late last week, with several considering the possibility that the current downturn may be coming to an end after a six-week period of consecutive declines...

  • 20.08.2019

Weekly Market Drivers for the USA

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  • 19.08.2019

Weekly Market Drivers for the USA

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  • 05.08.2019

Weekly Market Drivers for the USA

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  • 29.07.2019

Three PX sellers nominate August contracts in Asia

The nominations stand at $950/ton CFR Asia…

  • 29.07.2019

Honeywell wins contract for petchem project in Kuwait

Honeywell was chosen as the leading licensor of the complex in Al-Zour...

  • 25.07.2019

Weekly Market Drivers for the USA

Weekly Resin Summaries…

  • 22.07.2019

July PX contract settles in Europe

The new level indicated a marginal drop from last month…

  • 19.07.2019

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  • 15.07.2019

South Korea’s Hyundai Oilbank to expand PX capacity in Daesan

The capacity will increase to 1.36 million tons/year...

  • 11.07.2019

SOCAR signs contract with GTC for new aromatics plant in Turkey

GTC’s technology will also be used at a new PTA plant in the same location...

  • 05.07.2019

PET prices in Turkey and Egypt recover from two-year lows

PET prices in the Mediterranean markets, such as Turkey and Egypt, ended the month with gains of around 5% from the two-year lows seen in May. Data from the ChemOrbis Price Wizard show that both markets moved back above $1000/ton threshold by the start of last week...

  • 02.07.2019

Weekly Market Drivers for the USA

Weekly Resin Summaries…

  • 01.07.2019

784 record found.
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