LyondellBasell Q2 Results Rise on Polyolefin Margins
LyondellBasell’s second-quarter earnings improved as polyolefin margins and North American utilization rose, despite substantial European restructuring charges.
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Iran PET Supply Faces a Summer Logistics Test
Iran’s PET capacity may cover domestic summer demand, but shipping disruption, energy costs and limited current production data leave supply risks unresolved.
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Kumho Petrochemical Strategy Shifts to Specialty Materials
Kumho Petrochemical is shifting towards specialty materials, recycled plastics and research-led manufacturing as oversupply weakens the traditional petrochemical business model.
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Xinjiang Ethylene Project Expands PetroChina’s Western Hub
PetroChina’s new Xinjiang ethylene project adds 1.2 million tonnes of annual capacity while shifting more chemical production toward western China.
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UK Opens LLDPE Anti-Dumping Probe Into US Imports
The UK has launched an LLDPE anti-dumping probe into US polyethylene imports after a complaint by Ineos, raising questions for buyers and converters.
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Indorama Ventures PET Strategy Faces Shifting Global Demand
Indorama Ventures PET operations remain central to global packaging, polyester and fiber supply chains as demand, margins and sustainability pressures reshape the petrochemical market.
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China PP Prices Fall as Cost Support Collapses in June
China PP prices fell sharply in June as lower crude oil and propylene costs, cautious demand and ample spot supply weakened the market.
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Oil Prices Under Pressure as US-Iran Tensions Keep Markets on Alert
Oil prices remain volatile as Brent trades near $72 and WTI around $69.5, with markets weighing US-Iran tensions, Hormuz risks and supply recovery.
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Oil Prices Iran War: Brent Near $74 as Hormuz Risk Eases
Oil prices have eased, with Brent near $74 and WTI near $71, as tanker traffic through the Strait of Hormuz recovers. But the US-Iran war keeps energy markets exposed to renewed volatility.
