News

CP Chem will increase the output of raw materials for PE production.

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2021

Chevron Phillips Chemical Company plans to build a new manufacturing plant to add nearly 600 million pounds of alkenes in the town of Old Ocean, Texas.

Compound company Dimex's acquisition of products in exchange for Westlake began growth with courtyard products.

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2021

Houston-based Westlake Chemical Corp. will acquire the parent company of Dimex LLC, a Marietta, Ohio-based manufacturer of recycled compounds and products with approximately $100 million in annual sales.

Compound company Dimex's acquisition of products in exchange for Westlake began growth with courtyard products.

Asian ABS markets continue downward trend on subdued demand

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2020

ABS prices across China and Southeast Asia have been following a downward trend since early February mainly due to subdued demand amid the rapid spread of COVID-19 outbreak.

Asian ABS hits new highs on shortness, robust buying

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2020

The pace of gains in Asian ABS markets accelerated over the last week after the uptrend kicked off as of early August. Short supplies, robust demand in China and supportive costs pushed prices to new highs.

Asian ABS hits new highs on shortness, robust buying

Coronavirus pandemic takes toll on growth of global economies

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2020

Global economies have been hit hard by the coronavirus pandemic, which rattled each and every sector all around the world and tampered with market dynamics in an unprecedented way.

Detergent pods face new scrutiny

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2021

The American Cleaning Institute is fighting back against a report claiming that the film on detergent pods are contributing to pollution.

LATEST NEWS: Saudi major announces Apr PE, PP offers to China - Dalian Futures Market: PP, LLDPE, MEG

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2020

An agent of a major Saudi Arabian producer reported that their supplier announced its April PE offers to China with significant decreases from March while keeping PP offers steady.

BREAKING NEWS: US oil plunges below zero for first time ahead of expiry

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2020

A day ahead of expiry, May contract for the US oil benchmark West Texas Intermediate (WTI) on NYMEX collapsed to below zero for the first time ever on Monday amid an oversupplied market and a sharp contraction in oil demand caused by the coronavirus pandemic.

BREAKING NEWS: US oil plunges below zero for first time ahead of expiry

Global oil and petchem revenues hit by challenging market environment

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2020

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.