04 Feb 2025
Market participants in Asia are closely monitoring the potential impact of the planned shutdown on regional supply dynamics. In India, some Middle Eastern suppliers have already responded to the tightening supply outlook by raising import offers
27 Jan 2025
To manage operations, the parent companies will create a new name in the Asian petrochemicals industry, a joint venture branded as “Valor Petrochemicals Ltd (VPL)”. Each company will hold a 50% stake in the conglomerate.
27 Jan 2025
23 Jan 2025
20 Jan 2025
From a supply perspective, industry participants do not anticipate significant disruptions to spot availability during these shutdowns. However, the producer has adjusted its January PP prices for the domestic market, increasing them by INR 1,000/ton ($12/ton)
15 Jan 2025
Among the new plants, Shandong Yulong Petrochemical has stood out for its rapid progress, successfully bringing all downstream units online ahead of schedule. The company has achieved stable operating rates across its facilities, marking a significant milestone.
10 Jan 2025
Despite the new unit not yet achieving on-spec production, SP Chemicals has begun offering near-prime cargoes to the spot market. This move has raised significant concerns among market participants, particularly given the ongoing weakness in demand.
