The first core module of the large-scale Antwerp project, in which INEOS is investing 5 billion euros, has arrived today, having been stranded in the Strait of Hormuz for several months prior. Two modules will complete the construction of the Proje

I. Overnight Crude Oil Market Developments On July 28, the US and Iran are expected to start new negotiations, leading to a decrease in market concerns over supply risks, and international oil prices continue to decline. NYMEX crude oil futures for S

The two major petrochemical holding companies under INEOS Group reported a significant surge in second-quarter earnings. INEOS said that the conflict in the Middle East altered the regional supply-demand balance, product prices, and profit margins,

According to an announcement issued on July 24, Pakistan has imposed provisional anti-dumping duties of up to 37.3% on imports of suspension-grade polyvinyl chloride (PVC) resin from the United States. Pursuant to Section 43 of Pakistan’s Anti-Dumpin

Turkey is building a large industrial platform in the eastern Mediterranean that integrates petrochemical production, ports, storage and transportation, and energy infrastructure. On July 23, 2026, Rönesans Holding announced that the total investment

I. Crude Oil Market Dynamics On 7/23, the possibility of further escalation in the Iran-U.S. conflict, coupled with Houthi attacks on Saudi oil tankers, heightened supply risks and drove international oil prices sharply higher. The NYMEX crude oil Se

I. Overall Performance of the International Market This Week This week, the international polypropylene (PP) market showed significant regional divergence. The Asian market continued its upward trend driven by costs, while the European and American m

In recent times, geopolitics has become the core variable driving polyethylene and polypropylene futures markets, and the two blockades of the Strait of Hormuz have pushed this influence to a new level of structural pricing. As the global hub of core

Eni’s chemical subsidiary Versalis confirmed to S&P Global Commodity Insights’ Platts by email on July 21 that the company has shut down its polyethylene (PE) production unit in Brindisi, Italy, and placed the unit in a mothballed state. In it

On July 22, South Korea’s Ministry of Trade, Industry and Energy officially approved the “Yeosu No. 1 Business Restructuring Plan” for the Yeosu Industrial Complex. The plan was jointly submitted by four companies: Yeochun NCC (YNCC), Lotte Chemical,