I. Overnight Crude Oil Market Developments On July 28, the US and Iran are expected to start new negotiations, leading to a decrease in market concerns over supply risks, and international oil prices continue to decline. NYMEX crude oil futures for S

The two major petrochemical holding companies under INEOS Group reported a significant surge in second-quarter earnings. INEOS said that the conflict in the Middle East altered the regional supply-demand balance, product prices, and profit margins,

Dow reported earnings on July 23, with adjusted earnings per share of $1.44, compared with a loss of $0.42 per share in the same period last year. The results were well above the analyst consensus estimate of $1.28 compiled by S&P Capital IQ. Dow

I. Crude Oil Market Dynamics On 7/23, the possibility of further escalation in the Iran-U.S. conflict, coupled with Houthi attacks on Saudi oil tankers, heightened supply risks and drove international oil prices sharply higher. The NYMEX crude oil Se

Two industry organizations said when releasing the latest industry data that although the overall volume of plastic recycling in the United States has increased, recycling volumes for different types of plastics have diverged. This reflects the survi

On July 22, South Korea’s Ministry of Trade, Industry and Energy officially approved the “Yeosu No. 1 Business Restructuring Plan” for the Yeosu Industrial Complex. The plan was jointly submitted by four companies: Yeochun NCC (YNCC), Lotte Chemical,

In many resin markets, buyers hold the strongest bargaining power seen in years. However, sharp price increases in crude oil and benzene, driven by geopolitical conflicts, have directly reversed price expectations for the five major resin categories.

According to BASF's statement on July 15, benefiting from better-than-expected operating performance in the first half of the year, BASF SE has raised its outlook for EBITDA (earnings before interest, taxes, depreciation, and amortization) for non

Core points BASF has newly launched three biomass balance additive products—Dispex® AA 4145 MB, Rheovis® PU 1333 MB, and Rheovis® HS 1169 MB—specifically for the architectural coatings sector.All three additives have passed REDcert² biomass sustainab

On July 12, international oil prices rose sharply in off-hours trading; as of 10:30 Beijing time, both WTI and Brent crude were up more than 3% in off-hours trading. According to CCTV News, Iran said on the 12th that it had launched a series of