Premium News

Saudi Arabian supplier revises July PE offers to Vietnam
by ChemOrbis Editorial Team
A Saudi Arabian producer corrected down its July-shipment LLDPE and HDPE film offers to Vietnam. Despite the reductions, the revised offers remained above recently concluded deal levels…
2026-07-14

Plasticizers - Europe H1 July 2026
by Marta Rotini
In the plasticizers market, DINP and DIDP prices extended their losses into July amidst falling feedstock costs and lackluster demand. Renewed declines emerged also in DOTP prices due to unsupportive fundamentals...
2026-07-14

Oil rallies to one-month high on renewed US-Iran conflict
by ChemOrbis Editorial Team
Oil prices extended Monday’s sharp gains and climbed to their highest level in about a month on Tuesday, as renewed military escalation between the US and Iran in and around the Strait of Hormuz heightened concerns over regional oil supplies and shipping. Brent crude settled $7.29 higher at $83.30/bbl on Monday, while NYMEX WTI crude closed $6.73 higher at $78.14/bbl...
2026-07-14

Firmer upstream halts slump in China’s PS, ABS markets; SEA yet to follow
by Elif Sevde Yalçın
Asian PS and ABS markets staged mixed trends in the week ending July 10 as stronger feedstock costs continued to face subdued buying interest. Although firmer crude oil and styrene prices improved market sentiment, seasonal demand weakness continued to limit trading activity…
2026-07-13

Mediterranean-China freight rates rebound from June lows as peak season reshapes capacity
by Zehra Kırca
Freight rates from the Mediterranean to China/East Asia staged a sharp recovery in the latest week, with the Freightos Baltic Index’s FBX14 climbing 37% week on week to $669/FEU, marking the strongest weekly gain among the Suez trade lanes. The rebound follows a steep correction that erased much of the route’s earlier gains. After hovering close to $790/FEU between late April and mid-May and reaching a one-year high of $793/FEU on April 24, the index fell steadily to $433/FEU by June 12 as market conditions softened...
2026-07-13

Freight Rate Update, July 13, 2026
by ChemOrbis Editorial Team
According to Freightos Terminal FBX data, global container freight markets remained on an upward trajectory last week, with freight rates increasing across most major trade lanes. Ex-China headhaul routes continued to lead the market, although performance diverged between trans-Pacific and Europe-bound services compared with the previous week. Meanwhile, backhaul trades posted mixed results, with gains strengthening on some routes while others reversed into decline...
2026-07-13

Hormuz traffic drops to a five-week low as renewed strikes lift oil prices
by ChemOrbis Editorial Team
Oil prices rallied more than 4% on Monday after renewed US-Iran military strikes reignited concerns over energy shipments through the Strait of Hormuz. Although Washington insists the strategic waterway remains open to commercial navigation, tanker traffic has fallen sharply as security risks escalate...
2026-07-13

SE Asia PP and PE shrug off oil rebound as weak demand outweighs geopolitical fears
by Merve Sezgün
After weeks of steadily declining energy markets, renewed geopolitical tensions around the Strait of Hormuz briefly revived supply concerns across Asia. Fresh US sanctions on Iranian oil exports, attacks on commercial shipping and a sharp rebound in crude oil pushed upstream sentiment higher, prompting some polyolefin suppliers to withdraw offers and reassess pricing strategies...
2026-07-13

Will Türkiye's styrenics markets respond to slightly firmer upstream?
by Merve Madakbaşı
Türkiye's styrenics markets have been on a downward trajectory since May, with PS and ABS prices also starting July on a weak footing as demand stalled and production costs retreated following the war-driven rally. Although crude oil and spot styrene prices staged a modest rebound amid renewed geopolitical tensions in the Middle East, the recovery in upstream costs failed to offset persistently weak derivative demand and tight liquidity in Türkiye...
2026-07-10