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The global polyurethane foam blowing agent market is projected to reach $3.1 billion in 2026. Meanwhile, China PE prices continue declining amid weak seasonal demand.
A massive fire at Versalis warehouse in Mantua, Italy forced evacuation of 800 residents. Meanwhile, the EU is accelerating moves to ban soil-biodegradable mulch films.
US-Iran peace deal sends WTI below $80, Brent to $83. Major plastics feedstocks including PE, PP, PVC, and PET decline sharply. China's Zhongyan plans 10,000-tonne PEEK expansion.
Driven by range anxiety and dual-carbon goals, lightweighting has become a core keyword in vehicle design. A 10% weight reduction can improve driving range by approximately 6%-8%, highlighting the core value of lightweighting for new energy vehicle
International Crude Oil Market This week, international crude oil market continued its downward trend. WTI crude oil fell to $84.88, down $2.83 in a single day with a decline of 3.23%; Brent crude fell to $87.33 with a decline of 3.38%.
Exhibition Preview The 2026 Saudi Plastics & Petrochem Industry Exhibition is set to open June 21-24 at the Riyadh International Convention & Exhibition Center. The event features 20,550+ sqm of exhibition space, 498 exhibitors from 24
Market Overview On June 12, global crude oil prices suffered a sharp sell-off. WTI crude settled at $83.73/barrel, down 4.54%; Brent crude closed at $86.39/barrel, down 4.41%. This followed a larger-than-expected U.S. inventory draw of 7.2 million
Saudi Arabia's Jubail Industrial City, supplying 70% of global PPE resin, halted production in late March due to Strait of Hormuz shipping disruption. Goldman Sachs reports PCB prices surged up to 40% in April vs March. Shengquan clarified its PPO products have no direct business link to PPE.
International crude oil rebounded on June 10, with WTI at $90.03/bbl (+2.07%) and Brent at $93.10/bbl (+1.80%). However, plastic futures diverged: LLDPE main contract at 7,875 yuan/ton (-0.63%), PP main contract at 8,649 yuan/ton (-1.40%), PVC at 4,706 yuan/ton (-0.70%).
Complete PCABS drying and injection molding temperature guide.
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