Chemicals News Today

PE, PP, PVC continued to show weakness as China’s futures market remained under pressure, leading to subdued buying interest and limited, highly selective trading activity. Forward sales for January deliveries have become increasingly difficult, with most buyers opting to delay procurement in anticipation of further price softening and clearer market cues. On the positive side, sentiment received a mild boost following optimistic statements from both US and Indian leadership regarding a potential bilateral trade deal. The development has sparked hopes of improved trade flows and a more supportive market environment in the coming months.

Bora LyondellBasell Petrochemical has taken its Styrene Monomer (SM) plant offline for planned maintenance around 10th December 2025. The facility, located in Liaoning, China, has a production capacity of 350,000 tons per year. The shutdown is part of scheduled upkeep operations to ensure stable production and plant reliability.

Wankai Group has commissioned a new Polyethylene Terephthalate (PET) production facility in Cilegon, Indonesia. The plant, with an annual capacity of 750,000 tons, is expected to generate significant employment opportunities and contribute to the region’s economic growth. The new unit further strengthens Wankai’s presence in the global PET market.

Shiyou Chemical has taken its Phenol and Acetone production unit in Yangzhou, Jiangsu, offline for scheduled maintenance activities. The facility houses a Phenol unit with an annual capacity of 220,000 tons and an Acetone unit capable of producing 130,000 tons per year. Production is expected to remain halted until maintenance work is completed.

US natural gas futures tumbled 4% to a two-week low due to forecasts of milder weather, lower demand, near-record output, and ample storage. Global gas price reductions also contributed to the decline.

The stock's 14-day relative strength index (RSI) is 47.8. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued.

Fineotex Chemical acquired CrudeChem Technologies for U.S. expansion. Q3 income surged 14.8% to Rs 146.22 crore, EBITDA 18.3% to Rs 25.20 crore, and net profit 24.3% to Rs 25.03 crore. A new 15,000 MTPA plant supports growth.

Novgorod Governor Alexander Dronov said 19 drones were shot down over the region — located between Moscow and St. Petersburg — amid what Russia described as a major Ukrainian drone attack.

Acetic Acid prices have been increased by ₹2,000/MT, applicable to both tanker-load and carboy supplies. The revised rates are as follows: 1. Tanker Supply: Immediate: ₹38,000/MT 30 days credit: ₹38,450/MT 2. Carboy Supply: Immediate: ₹50,500/MT 30 days credit: ₹51,100/MT The final price will be based on the rate prevailing at the time of Delivery Instructions (DI) issuance.

LyondellBasell and Sipchem are set to start a 1.5 MMTPA Cracker and Polyolefins complex in Saudi Arabia by December 10, 2025. This facility will boost regional petrochemical output and meet growing demand.