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Russia Signals Possible Force Majeure on Oil Shipments After Port Disruptions
Russia’s oil exporters have warned buyers of potential supply disruptions, indicating that cargoes from key Baltic Sea ports may not be delivered. Producers are considering force majeure declarations ...
SABIC Declares Force Majeure on EG as Hormuz Disruptions Intensify
Saudi petrochemical producer SABIC has declared force majeure on ethylene glycol (EG) supply, expanding its supply restrictions after earlier announcements on methanol and styrene monomer. The move co...
Southeast Asia and India Lead PP Price Surge as War Disrupts Supply
Asia’s polypropylene (PP) import markets have seen a sharp rally following the Middle East conflict, but the impact has varied across regions. While prices have increased across Southeast Asia (SEA), ...
India Lowers Fuel Taxes and Restricts Exports to Manage Supply Crisis
India has taken key steps to stabilize its fuel market by cutting domestic fuel taxes and imposing duties on exports, as the global oil crisis intensifies. The government reduced central excise duty o...
China Polyolefin Inventories Drop Below 800,000 Tons Amid Supply Shift
China’s major producers have reported a decline in polyolefin inventories, with total stock levels falling below the 800,000-ton mark. Combined inventories of polypropylene (PP) and polyethylene (PE) ...
Asian Ethylene Prices Cross $1400 as Supply Tightness Deepens
Asian ethylene prices moved higher this week, supported by a severe supply shortage and ongoing disruptions linked to the Middle East conflict. Producers across Northeast Asia (NEA) and Southeast Asia...
Turkish PE Players Await April Offers Amid Tight Supply, Cautious Demand
Turkey’s polyethylene (PE) market maintained its strong upward momentum as March drew to a close, supported by limited import availability from the Middle East, ongoing force majeure situations, and e...
South Asia Polymer Offers Surge, PE Prices Rise Up to $100/MT
International polymer offers for the South Asian market, including the Indian subcontinent, have increased sharply, with most polyethylene (PE) grades rising by $100 per metric ton (MT) amid tight sup...
Turkey PVC Hits New Highs as Buyers Turn Cautious Amid Middle East Signals
The PVC market in Turkey extended its strong upward trend this week, driven by sharply rising US-origin offers and limited supply from Europe. However, emerging signs of potential de-escalation in the...