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Global oil and petchem revenues hit by challenging market environment

The global COVID-19 pandemic continued to mark a negative impact on global oil and petrochemicals’ companies’ financial results. The pandemic-driven loss of demand and the volatile macro-economic environment associated with the global response to COVID-19 were both reflected in the producers’ latest revenues...

Tightness shapes expectations for Sept PVC pricing in Asia

Asian PVC players have been expressing their expectations for September price announcements of a major Taiwanese producer, with most of them focusing on a new round of increases of up to $40/ton...

PP uptrend falters in Indonesia amid downstream resistance

PP prices in Indonesia have started to come off after gains from May amid buyers’ growing resistance to price hikes...

Will European PE market sustain uptrend following higher ethylene?

Regional PE players discuss if prices will rise for the third straight month after prices reached their highest levels since around March in July. Widespread expectations suggested that the PE uptrend will lose steam amid summer lull, while producers voiced their intention to apply increases even before the ethylene settlement that came with a slight increase of €21/ton...