European polymer prices continued to rise over the week to 29th May. There were increases of between 10 and 20 EUR per tonne reported in the prices of HDPE, LDPE, LLDPE and ABS. Asian polymers fell with reductions of between 10 and 90 USD per tonne reported in the prices of HDPE, LDPE, LLDPE, […]
Read MoreNew Chevron Phillips plant to be fully operational in 2027
Chevron Phillips Chemical Company’s (CPChem) Golden Triangle Polymers plant in Orange, Texas, is reported to be entering its commissioning and startup phase. The facility expected to be fully operational in 2027. The plant, which is a joint venture between CPChem (51%) and QatarEnergy (49%), includes a 2,080 KTA ethane cracker and two 1,000 KTA […]
Read MoreAnger grows after China’s latest coal mining deaths
Anger is growing over alleged safety violations in the wake of China’s worst mining disaster in more than 15 years. At least 82 people were killed and more than 120 injured after an explosion on Friday at the Liushenyu coal mine in Shanxi province, the heart of China’s huge mining industry. For many […]
Read MoreOil prices fall on hopes of US-Iran peace deal
Oil prices have fallen sharply and Asian stock markets have risen on hopes of a deal that could bring an end to the US-Israel war with Iran. On Saturday, US President Donald Trump said an agreement with Tehran had been “largely negotiated” and details would be announced soon but the following day urged his […]
Read MoreEuropean polymers rise, Asian and US fall. WTI and Brent Crude fall
European polymer prices continued to rise over the week to 22nd May. There were increases of between 10 and 40 EUR per tonne reported in the prices of HDPE, LDPE, LLDPE, PET, PVC, ABS and Polystyrene. Asian polymers fell with reductions of between 20 and 40 USD per tonne reported in the prices of […]
Read MoreUK waters down new Russian oil sanctions
Plans to impose a ban on UK imports of diesel and jet fuel made from Russian oil in third countries have been watered down amid concerns over supplies and price rises. The UK government will now “phase in” some new sanctions over the coming months due to the effective blockade of the key Strait […]
Read MoreChina confirms order for 200 Boeing jets
China has confirmed that it will buy 200 Boeing jets after US President Donald Trump and his Chinese counterpart Xi Jinping met in Beijing last week. Under the deal, the US will provide China with supply guarantees for aircraft engine parts and components, China’s Commerce Ministry said on Wednesday. The two sides will […]
Read MoreUK announces £3.7bn trade deal with Gulf states
The UK has struck a trade deal with a group of six Gulf states which it says will be worth £3.7bn to the economy. The government said the deal with Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates (UAE) would remove an estimated £580m a year in tariffs from British exports to […]
Read MoreEuropean polymers rise, Asian fall, US static. WTI and Brent Crude rise
European polymer prices continued to rise over the week to 15th May. There were increases of between 20 and 50 EUR per tonne reported in the prices of HDPE, LDPE, LLDPE, Polypropylene, ABS and Polystyrene. Asian polymers fell with reductions of between 20 and 45 USD per tonne reported in the prices of HDPE, […]
Read MoreTrump warns Taiwan against declaring independence
US President, Donald Trump has cautioned Taiwan against formally declaring independence from China. “I’m not looking to have somebody go independent,” the US president told Fox News on Friday, at the end of his two-day summit with his Chinese counterpart Xi Jinping in Beijing. Taiwanese President Lai Ching-te has previously stated that Taiwan […]
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