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Polyolefin markets began 2024 with a transportation crisis driven by Red Sea turmoil, fueling steep price gains in Q1. Prices then trended downward in subsequent quarters, with brief rebounds unable to match Q1 levels. Global overcapacity and weak demand were key factors, as producers tried to adjust output to protect margins, but with little success...

Saudi Arabia, the UAE and East Med markets have all experienced much less volatility this year than they did last year, although PP and PE prices have been on a downward trajectory in the last quarter. Early expectations for January point to a potential shift in prices while geopolitics and capacity additions continue to cast a pall on the region for the rest of the year...

As 2024 draws to a close, major PE markets across Asia continue to face significant challenges driven by weak demand, a sluggish global economy, and persistent oversupply. This year has been particularly harsh for petrochemical producers, who have endured shrinking margins despite scaling back run rates or extending plant shutdowns...

Global freight rates have faced tumultuous shifts throughout 2024. Although rates peaked in mid-July, they remained 132% above the previous year’s pre-Red Sea crisis levels as of late December. As 2025 approaches, the looming US port strike on January 15 coupled with Trump’s reelection and highly possible shift in trade flows amidst barriers and extra tariffs offers too many unknowns for another year ahead for freight rates in mainstream routes...

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Oct 03 2017

05:57

November WTI (NYMEX) crude fell $1.09 to $50.58/bbl Monday

by ChemOrbis Editorial Team - content@chemorbis.com

03/10/2017 (05:57)

November WTI (NYMEX) crude was down $1.09 to settle at $50.58/barrel on Monday.

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November WTI (NYMEX) crude fell $1.09 to $50.58/bbl Monday

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