Chemicals Updates

Asia PE: Muted trading despite supply and policy moves / Saudi Arabia’s Sharq shuts plant / Market anticipates supply tightness

Jul 26, 2025

Asian polyethylene markets held largely steady in the week to July 23 amid thin trading. In China, prices saw a slight uptrend over Monday and Tuesday due to improved sentiment in the market. The Chinese Ministry of Industry and Information Technology announced on July 18 that it would promote structural adjustments and eliminate backward production capacity in key industries, including petrochemicals. On July 22, market focus turned to a notice issued by Henan’s Department of Industry and Information Technology that asked local authorities to inspect and ensure coal mines were producing within their approved limits and to further ensure counteractions if any overproduction violations were found. This led to market discussions about potential state regulations to address overproduction issues, which may cause coal supply disruptions and impact coal-to-olefin production. However,...

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