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

Throughout the summer, favorable signals in the resin market have continued to emerge. In July, buyers held the upper hand in nearly all major resin categories. However, with crude oil prices surging, spot benzene prices continuing to strengthen, and

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

Dow reported earnings on July 23, with adjusted earnings per share of $1.44, compared with a loss of $0.42 per share in the same period last year. The results were well above the analyst consensus estimate of $1.28 compiled by S&P Capital IQ. Dow

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,

In June 2026, China's polystyrene (PS) import and export data showed a clear "one rises while the other falls" pattern: imports reached 33,900 tons, a month-on-month increase of 16.49%, but a year-on-year decrease of 14.39%; exports totaled 48,000 to

In many resin markets, buyers hold the strongest bargaining power seen in years. However, sharp price increases in crude oil and benzene, driven by geopolitical conflicts, have directly reversed price expectations for the five major resin categories.

Summary: New morning prices in Guangdong’s polyolefin market on July 13! PP saw more gains than losses, with some prices up or down by 50–400, and the highest increase reaching 500; PE prices were mixed, with some up or down by 100–300, and the highe

Summary: On July 13, new opening prices in Fujian’s polyolefin market! PP mostly rose, with the majority up 50-250; PE was mostly in the red, with gains of 50-500.  

Introduction:In the first half of 2026, the phase of tight polypropylene supply was broken by the fading of geopolitical sentiment toward the end of the second quarter, as previously shut-down units resumed operations in a concentrated manner and add

I. Geopolitical risks drive up crude oil costs, significantly lifting PE spot prices. In early July 2026, the temporary ceasefire agreement in the Middle East expired, and geopolitical risks heated up again, driving international oil prices higher a

There is news on the situation in the Middle East.In the early hours of the 12th, the naval forces of Iran’s Islamic Revolutionary Guard Corps announced,The Strait of Hormuz is now closed, and no vessels are allowed to pass.。 Image: Satellite imag

Summary: On the morning of July 10, new prices in the Guangdong polyolefin market! PP saw more gains than losses, with some prices rising or falling by 30-330, and the highest increase reaching 400; PE mostly rose, with increases of 20-500.