China’s polyethylene (PE) market is being weighed down by availability of competitively priced cargoes from Iran amid tightened scrutiny of all transactions with the Middle Eastern country. SEE MORE Asia’s spot butadiene (BD) price gains appear to be losing momentum as buyers have retreated to the sidelines amid extreme volatility in the key Chinese market. SEE MORE US July butadiene (BD) contracts settled on Thursday at a fourth consecutive month of hefty decreases, leaving market participants wondering if a bottom is near. SEE MORE China’s polypropylene (PP) domestic prices are likely to be stable or fluctuate in a narrow range in July as demand remains weak but supply becomes less due to turnarounds and inventories of major producers come down. SEE MORE Brent crude oil remained below $50 per barrel on Wednesday, weighed down by another rise in OPEC supplies despite a pledge to cut production, but geopolitical tensions in the Korean peninsula and the Middle East put a floor under prices. SEE MORE