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PP, PE prices in Mid-East and Africa set to remain weak until end of Q3

In the Middle East, major regional producers have been mostly rolling or reducing their offers since June and a similar trend has prevailed since around the same time in the African PP and PE markets. Sluggish macroeconomic performance across both regions now looks set to keep the markets soft until the end of the third quarter...

  • 03.09.2019

PP, PE markets remain soft for another month in Egypt, Mid-East ahead of Eid

August marked the third month in a row for steady-to-soft pricing in Egypt and the Middle East. Buying interest in both regions has been sluggish amid challenging macroeconomic environment and insistently ample supply. To add to this, players have already started leaving the market for the upcoming Eid al-Adha holiday, starting on August 11...

  • 06.08.2019

Import and local PP, PE offers revealed for Aug in UAE

Buyers are targeting price drops in deals…

  • 31.07.2019

Mubadala, OMV and Chandra Asri to collaborate on petchems in Indonesia

The companies will jointly work on exploring opportunities in the downstream sector…

  • 26.07.2019

ADNOC and Wanhua to partner in downstream sector

The value of the deal is estimated at $12 billion….

  • 24.07.2019

Indonesian Chandra Asri secures investment from UAE

The company will develop a petrochemical project in cooperation with the Emirati investors…

  • 24.07.2019

CNOOC inks deal with ADNOC on upstream, downstream and LNG

The companies will explore new opportunities for collaboration in various sectors…

  • 22.07.2019

India initiates ADD probe on PS from six countries

Iran, Malaysia, Singapore, Chinese Taipei, the UAE, and the US will be investigated for alleged dumping…

  • 18.07.2019

14th Annual GPCA Forum to address theme of strategic partnerships

The forum is set to take place on 3-5 December 2019…

  • 09.07.2019

Import and local PP, PE offers revealed for July in UAE

New prices indicate notable decreases from last month…

  • 03.07.2019

CP Chem reportedly bids to buy NOVA Chemicals

The company has made a $15 billion acquisition bid, media reported…

  • 24.06.2019

PP and PE markets turn softer in Egypt, Mid-East

Following a long Eid al-Fitr break, PE and PP markets in Egypt and the Middle East started the new month on a bearish note. Pricing policies saw a change of direction for the first time in several months, with most suppliers reducing their prices or announcing rollovers...

  • 11.06.2019

Import and local PP, PE offers revealed for June in UAE

The latest offers were announced at stable levels, or with decreases of $30-60/ton from May…

  • 10.06.2019

Borouge plans to build new pre-compounded black PE plant

The new plant is expected to be completed by next year…

  • 22.05.2019

Oil settles higher for 2nd trading day on geopolitical turmoil

Prices rose following an attack on Saudi oil tankers near the UAE…

  • 16.05.2019

Import and local PP, PE offers revealed for May in UAE

The latest offers were announced at stable levels, or with increases of $20-30/ton from April…

  • 02.05.2019

McDermott awarded contract for ADNOC’s Ruwais refinery

The company will provide FEED services for a refinery project at Ruwais Refinery in the UAE…

  • 02.05.2019

More import and local PP, PE prices announced in UAE

Domestic producer increased offers after three consecutive months of stable pricing.…

  • 08.04.2019

Saudi major announces April PP, PE offers to UAE

The new prices saw increases ranging between $10/ton to $30/ton from March…

  • 05.04.2019

ADNOC signs three MoUs with OMV and Borealis

The companies will jointly explore new opportunities in downstream projects…

  • 25.03.2019

March PE prices take split paths in Africa, Mid-East

In the Middle East, March PE offers from the regional suppliers emerged with rollovers to increases amid higher energy and upstream costs. However, rising costs have failed filter through the March prices in African PE markets, where prices remained stable or decreased from February...

  • 19.03.2019

Stable to firm trend pervades PP markets in Mid-East, Africa

New PP offers in the Middle Eastern markets have rolled over or increased from last month amid planned and unplanned shutdowns after firming attempts showed up sporadically but somehow failed to prevail across the region in February. March offers to African PP markets are also stable to firm, first time after one year...

  • 05.03.2019

Import and local PP, PE offers revealed for March in UAE

Emirati players received new offers at stable levels, or with minor changes…

  • 04.03.2019

Borouge awards three major contracts for Ruwais complex

TechnipFMC, Maire Tecnimont and WorleyParsons will provide services for project…

  • 27.02.2019

Wood awarded contract for ADNOC’s new refinery project

The project is set to become the world’s largest refining and petrochemicals complex…

  • 22.02.2019

748 record found.
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