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"15th Five-Year Plan" Period Economic And Social Development Main Goals Established; International Oil Prices Soar Over 5%; Plastic Futures Narrowly Rise
I. Crude Oil Market Dynamics On October 23, the United States imposed new sanctions on the Russian oil company, increasing market concerns about potential supply risks, leading to a rise in international oil prices. NYMEX crude oil futures for the De
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China-US to Hold Economic and Trade Consultations! Lotte's Indonesian Olefin Complex Put into Operation; Dutch Medical Plastic Closed-Loop Pilot Launched
International News Guide Raw Materials News - Annual Ethylene Output 1 Million Tonnes! Lotte Chemical Launches Commercial Operation of Indonesian Olefin Complex Automotive News - German Auto Parts Supplier Webasto Reaches Restructuring Agreement with
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Trump Cancels Meeting With Putin, United States (US) Increases Sanctions on Russia! Oil Prices Surge 4%, Plastic Market Rebound Imminent!
I. Crude Oil Market Dynamics U.S. crude oil futures closed up 3.74% at $59.38 per barrel; Brent crude oil futures rose 3.54% to $63.49 per barrel. U.S. Treasury Secretary Yellen stated that she expects to significantly strengthen sanctions against Ru
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Ascend's Restructuring Plan Approved! Jwell Launches Global Acceleration Plan; Nexperia Chip Crisis Threatens Global Auto Production
International News Guide Raw Material News - Ascend's Restructuring Plan Approved by Court, Expected to Be Completed in Q4 Automotive News - Nexperia Crisis: Netherlands Seeks Solutions, Volkswagen and Auto Industry in Difficulty Medical News - Over
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Economic Downturn Intensifies in Latin America's Petrochemical Industry, Multiple Global Petrochemical Companies Deeply Stuck in Debt Crisis
The economic downturn in the Latin American petrochemical industry is worsening. Recently, market analysts from multiple institutions have stated that despite the Southern Hemisphere entering the demand peak season of summer, the Latin American pet
China Chemical Industry News -
Braskem Stops Chlor-Alkali Production In Brazil With 460,000 Tons Per Year
Antonio Freitas, the local union president, stated that Braskem SA has completely shut down its chlor-alkali plant in Maceió, Brazil, and is currently dismantling it for scrap metal recovery. On October 16, Freitas pointed out that this shutdown mark
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European TDI Soars Due To Covestro Plant Shutdown
The Dolmagen factory will halt production until October or longer. With the restart of the Borsod Chem Zrt production facility in Kazincbarcika, Hungary, spot prices for toluene diisocyanate (TDI) in Europe have begun to decline. However, due to the
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U.S. Treasury Secretary Threatens China: Buying Russian Oil May Lead to 500% Tariff! Styrene Falls to 5-Year Low, PVC Defies Trend to Turn Red
On October 15, local time, U.S. Treasury Secretary Besent stated that approximately 85 senators are prepared to support authorizing President Trump to impose tariffs of up to 500% on China for purchasing Russian oil. Besent said at the pre
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Asia's petrochemicals deeply trapped in multiple predicaments, structural restructuring will take at least five years, not much better than europe?
The profit margins of the Asian olefin industry have been persistently negative for a long time. Production companies are struggling to survive amidst the conflict of oversupply and weak demand, and the painful restructuring process may continue unt
Energy Chemical New Materials -
REACH Regulation Updated! Canada Initiates Anti-Dumping and Countervailing Investigation on China; BASF Launches New Nylon Products
International News Guide: Raw Material News - Canada Initiates Third Anti-Dumping and Countervailing Sunset Review Investigation on Chinese Oil Country Tubular Goods Additive News - REACH Regulation Updated! EU Agrees to Classify Flame Retardant DBDP
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