Oil Prices Fall on Tuesday, Posting Biggest Monthly and Quarterly Declines Since 2020
On July 1, according to foreign media reports, oil prices closed lower on Tuesday, marking the largest monthly and quarterly decline since the beginning of the pandemic in early 2020. Investors are closely watching the potential U.S.-Iran talks that may be held in Doha. UBS analysts stated that it is still too early to say that the market has fully absorbed the risk premium, but as ships are leaving the Gulf region, previously blocked vessels have resumed availability, and new supply is increasing. Morgan Stanley's model shows that the global oil market will experience a daily supply surplus of 4.8 million barrels in 2027. On Tuesday, the two major benchmark crude oil futures remained in technically oversold territory: Brent crude has been in this state for 13 consecutive days, and WTI crude for 11 consecutive days.
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2026-10-16 15:40:28
TotalEnergies Cobel Luminy® PLA Global Prices Rise 10% Starting Oct. 16
TotalEnergies Corbion has issued a price increase notice for PLA. The company stated that the global trade environment remains challenging, with no signs of relief in raw material supply or costs related to energy, packaging, and logistics. Although we have absorbed a significant portion of the cost increases internally by improving production efficiency and optimizing operational management, the continued accumulation of costs has exceeded the company’s capacity to absorb them. To ensure reliable, high-quality, and continuous supply, TotalEnergies Corbion has decided to implement a 10% price increase across its entire Luminy® PLA product range, effective October 16, 2026. -
2026-10-12 15:00:54
After Six-Month Standstill, 900,000-Ton/Year Cracker Unit Resumes Production
LG Chem’s 900,000-ton-per-year Yeosu No. 2 Naphtha Cracking Center (NCC No. 2), which has been shut down for over six months since March 23, is scheduled to restart on October 12, the company announced in a regulatory filing on October 8. -
2026-10-10 14:55:00
Three Consecutive Price Hikes Within the Year: Jindan Technology Announces Lactic Acid Price Breaks 10,000 Yuan
October 10thJindan Technology (300829) has issued a commercial price adjustment notice, raising the sales prices of its lactic acid series products (including lactic acid, lactates, etc.) by 8% from the effective date. The company stated that significant changes have recently occurred in the supply and demand dynamics of lactic acid and its core upstream raw materials, with the contradiction between sustained strong demand and phased supply tightness becoming increasingly prominent. After careful evaluation and comprehensive analysis, the company has made this decision to adjust prices. -
2026-10-10 11:44:39
Styrenics Announces Price Hikes For Polystyrene (PS), ABS, And SAN Resins In Europe
Specialty materials solutions provider Trinseo and its European affiliates recently announced a price increase for all grades of their polystyrene (PS), ABS, and SAN resins. The adjustment will take effect on October 1, 2026, or in accordance with existing contract terms. The specific price increases are as follows: STYRON™ polystyrene resin: €310 per tonne; MAGNUM™ ABS resin: €210 per tonne; TYRIL™ SAN resin: €230 per tonne. -
2026-10-08 15:37:54
SK Chemicals Builds Circular Economy Model for Used Banners in Each Region
SK ChemicalsSK Chemicals announced on October 6, 2026, that it will establish a cooperative system for the circular economy of waste banners. Leveraging the “Waste Banner Disposal and Circular Economy Building” project proposed at the Creative Solverthon held in conjunction with the “Social Value Festa,” co-hosted by the Korea Chamber of Commerce and Industry and the Ministry of the Interior and Safety, SK Chemicals will formally collaborate with MOA, DAEHAN MEDIA, UPCLOTH, and the Resource Circulation Team of Seogwipo City, Jeju Special Self-Governing Province, to form the “Waste Banner Circular Resourceization Consortium.”
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