Crude Oil

[INSIGHT] Cost Competitiveness of China’s Coal-Based Petrochemical Industry by Global Oil Price Ranges (국제유가 구간별 중국 석탄기반 원가경쟁력)

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The cost competitiveness of China’s coal-to-chemical industry—such as Coal-to-Liquids (CTL), Coal-to-Olefins (CTO), and Calcium Carbide PVC—depends heavily on global crude oil prices. Here is how the economics shift across three key price tiers: 1. Low Oil Prices (< $40–$50/bbl): The Oil Advantage 2. Mid-Range Oil Prices ($50–$60/bbl): The Battleground 3. High Oil Prices (> $70–$80/bbl): … Read more

Middle East conflict re-arising, But Limited Impact on Downstream expected (중동발 긴장 재악화 중이나 하류시장 가격 변동은 제한적 전망) – July 18, 2026

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International oil prices have climbed back above $80 due to renewed Middle East instability. With the Strait of Hormuz effectively blocked and military tensions rising, manufacturers are temporarily pausing sales to reassess pricing. Current market trends show a rebound in feedstock prices: However, a dramatic price surge is unlikely this time. Several factors will keep … Read more

INSIGHT: US-Iran Tensions Push Oil Prices Up, but Asian PVC Price Hikes Will Be Limited

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Recent moves by the US to block the Strait of Hormuz have pushed international oil prices up, with WTI crude reaching $79 a barrel. This rise is now starting to push up the prices of other related chemical products, like naphtha and ethylene. This week, ethylene prices in Northeast Asia rose by about $20, trading … Read more