http://www.plastemart.com/plastic-news.asp Daily news on polymer and oil prices, business, exhibition, trade fairs, plant shutdowns, mergers and acquisition, capacity expansion and product launches from the plastics industry in India and the world en-us Thu, 2 Feb 2012 11:34:30 GMThttp://www.plastemart.com/images/homepage/logo.rss.gif http://www.plastemart.com/plastic-news.asp 8831Visit plastemart.com A wide range of polyolefins and engineering thermoplastics developed specifically for the global healthcare industry by Saudi Basic Industries Corporation (SABIC) will be at Pharmapack Europe. The company plans to reinforce its position as a "one-sto...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21402&news=New-resins-to-reinforce-strong-portfolio-of-thermoplastics-for-healthcare Tue, 31 Jan 2012 10:13:43 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21402&news=New-resins-to-reinforce-strong-portfolio-of-thermoplastics-for-healthcare Iran will soon inaugurate two important petrochemical units at the Shazand oil refinery, located in central Markazi province, which will pave the way for boosting gasoline production capacity at the refinery by 8.2 million liters per day, an official...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21401&news=Iran-to-inaugurate-two-important-petrochemical-units-at-the-Shazand-oil-refinery Tue, 31 Jan 2012 10:12:59 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21401&news=Iran-to-inaugurate-two-important-petrochemical-units-at-the-Shazand-oil-refinery A ban on the import of Iranian petrochemical goods is due to go into effect on 1 May 2012. As per Plasteurope, what this means is that from that point onwards, European companies will no longer be allowed to import petrochemical products nor invest ...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21400&news=EU-petrochemical-embargo-to-take-effect-in-May Tue, 31 Jan 2012 10:12:41 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21400&news=EU-petrochemical-embargo-to-take-effect-in-May Qatar has earmarked US$25 bln to support the expansion and development of its domestic petrochemical industry over the next decade. As per Mohammed Al-Sada, Qatari Energy Minister, the expansion is estimated to increase the country's petrochemical pr...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21399&news=Qatar-to-spend-US25-bln-to-support-petrochemical-production-expansion Tue, 31 Jan 2012 10:12:09 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21399&news=Qatar-to-spend-US25-bln-to-support-petrochemical-production-expansion Naphtha prices in Asia hovered at a six-month high at the start of the week, while cracks remained near a nine-month high for the third consecutive session, supported by tight supplies, as per Reuters. Few traders were willing to pay premiums above U...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21398&news=Naphtha-cracks-in-Asia-hover-around-9-month-highs Tue, 31 Jan 2012 10:11:48 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21398&news=Naphtha-cracks-in-Asia-hover-around-9-month-highs Egypt celebrated its first anniversary of the Revolution on January 25th, as per ChemOrbis. Prior to that date players had been nervous about potential problems arising from the celebrations and polymer demand was affected while players waited and wa...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21397&news=Egypts-local-PP-PE-markets-stand-firm Tue, 31 Jan 2012 10:11:22 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21397&news=Egypts-local-PP-PE-markets-stand-firm Thailand?s Indorama Ventures has signed a deal with Indo Rama Synthetics to set up a new petrochemical plant in India. The project, announced during the visit to India of Thai Prime Minister Yingluck Shinawatra, will manufacture Purified Terephthalic...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21396&news=Indorama-Ventures-inks-deal-with-Indo-Rama-Synthetics-to-set-up-PTA-PET-PSF-plant-in-India Mon, 30 Jan 2012 11:06:50 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21396&news=Indorama-Ventures-inks-deal-with-Indo-Rama-Synthetics-to-set-up-PTA-PET-PSF-plant-in-India Albemarle has completed the expansion of its Process Development Center (PDC) in Baton Rouge, Louisiana by installing a new production train for finished polyolefin catalysts and a number of supporting auxiliaries, as per PBR Staff Writer. This expan...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21395&news=Albemarle-installs-new-production-train-for-finished-polyolefin-catalysts Mon, 30 Jan 2012 11:06:29 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21395&news=Albemarle-installs-new-production-train-for-finished-polyolefin-catalysts Total is consolidating its positions in petrochemicals in Asia with a new expansion and upgrading project for the Daesan complex in South Korea, which the Group owns with Samsung as part of the Samsung Total Petrochemicals 50:50 joint venture. AT an ...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21394&news=Samsung-Total-plans-major-expansion-and-upgrade-in-Daesan Mon, 30 Jan 2012 11:06:14 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21394&news=Samsung-Total-plans-major-expansion-and-upgrade-in-Daesan Honam Petrochemical Corporation is adding a new 300,000 tpa polypropylene (PP) line at Yeosu, as per Fibre2fashion News Desk. With this, Korean PP capacity of Honam, which had merged with Titan in 2010, will touch 1.2 mln tpa. Honam operates PP pla...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21393&news=Honam-to-add-new-300000-tpa-PP-line-at-Yeosu Mon, 30 Jan 2012 11:05:32 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21393&news=Honam-to-add-new-300000-tpa-PP-line-at-Yeosu Israel has signed a deal with American chemistry giant Dow Chemical to begin using its innovative Bromine-based flame retardant polymer, which is used in foam insulation applications that are needed for thermal insulation in construction, as per ynet...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21392&news=DOW-inks-deal-with-Israel-Chemicals-for-brominebased-FR-for-thermal-construction-insulation-application Mon, 30 Jan 2012 11:04:49 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21392&news=DOW-inks-deal-with-Israel-Chemicals-for-brominebased-FR-for-thermal-construction-insulation-application Indonesia?s PT Chandra Asri Petrochemical has signed an ethylene sales deal with its subsidiary, PT Styrindo Mono Indonesia, for a period of one year, effective from Jan.1 to Dec. 31, 2012, as per the Jakarta Post. Styrindo uses ethylene to produce s...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21391&news=Chandra-Asri-inks-ethylene-sales-deal-with-subsidiary-PT-Styrindo-Mono-Indonesia Mon, 30 Jan 2012 11:04:28 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21391&news=Chandra-Asri-inks-ethylene-sales-deal-with-subsidiary-PT-Styrindo-Mono-Indonesia The polyethylene linear low density (LLDPE) demand on the global market is moving steadily forward - its growth is driven largely by the developing LLDPE industries in the countries of Asia-Pacific and Eastern Europe, as per Merchant Research & Consu...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21390&news=Global-LLDPE-demand-is-moving-steadily-forward Mon, 30 Jan 2012 11:03:38 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21390&news=Global-LLDPE-demand-is-moving-steadily-forward Japan's Tosoh Corp, an integrated chemical producer is to continue to run its 527,000 tpa naphtha cracker at reduced run rates of 90% due to slow ethylene demand, as per Reuters. Run rates were lowered in October-December after operating at near full...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21389&news=Japan-Tosoh-to-continue-operating-sole-527000-tpa-naphtha-cracker-at-reduced-rate Fri, 27 Jan 2012 12:02:02 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21389&news=Japan-Tosoh-to-continue-operating-sole-527000-tpa-naphtha-cracker-at-reduced-rate Hostalen ACP process technology license to Shaanxi Yanchang Petroleum Yanan Energy and Chemical Co., Ltd. Start-up for this new HDPE plant in the Chinese Shannxi province is scheduled for 2014. "This is the largest capacity Hostalen ACP multi-modal...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21388&news=LyondellBasell-grants-largest-capacity-Hostalen-ACP-Process-License-for-new-HDPE-plant-in-China Fri, 27 Jan 2012 12:01:44 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21388&news=LyondellBasell-grants-largest-capacity-Hostalen-ACP-Process-License-for-new-HDPE-plant-in-China The Asian Development Bank (ADB) has approved a loan and political risk guarantee totaling up to $400 million to help build the largest-ever petrochemical plant in Uzbekistan. The Surgil Natural Gas Chemicals Project will produce gas for commercial...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21387&news=Asian-Development-Bank-approves-loan-and-political-risk-guarantee-of-US400-mln-for-Uzbekistans-largestever-petrochemical-plant Fri, 27 Jan 2012 12:01:21 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21387&news=Asian-Development-Bank-approves-loan-and-political-risk-guarantee-of-US400-mln-for-Uzbekistans-largestever-petrochemical-plant Asia's naphtha price and intermonth spreads were at their highest in about two weeks on Thursday, as per Reuters. Cracks rose to an 8-1/2 month high as tighter supplies in Europe were expected to impact the East, which is structurally short of the li...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21386&news=Naphtha-cracks-in-Asia-at-highest-in-812-months Fri, 27 Jan 2012 12:01:03 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21386&news=Naphtha-cracks-in-Asia-at-highest-in-812-months Abemarle Corporation has successfully completed the latest expansion of its Process Development Center (PDC) in Baton Rouge, Louisiana by installing a new production train for finished polyolefin catalysts and a number of supporting auxiliaries. "Thi...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21385&news=Albemarle-installs-new-production-train-for-finished-polyolefin-catalysts-and-supporting-auxiliaries Fri, 27 Jan 2012 12:00:33 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21385&news=Albemarle-installs-new-production-train-for-finished-polyolefin-catalysts-and-supporting-auxiliaries South Korea's petrochemical makers plan to invest Won 7.5 trillion (US$6.7 bln) in 2012 on upgrade and expansion of production facilities, up 2.7% from estimated investments of Won 7.3 trillion last year, the Korea Petrochemical Industry Association ...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21384&news=Petrochem-makers-in-South-Korea-to-invest-US67-bln-in-2012-on-facility-upgrades Fri, 27 Jan 2012 12:00:15 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21384&news=Petrochem-makers-in-South-Korea-to-invest-US67-bln-in-2012-on-facility-upgrades The increasing importance of plastics in the area of agriculture and horticulture has been highlighted in a new in-depth report on the Agricultural films market in Europe by Applied Market Information Ltd. (AMI. This first of its kind report details ...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21383&news=High-Performance-drives-growth-for-agricultural-films Fri, 27 Jan 2012 11:59:57 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21383&news=High-Performance-drives-growth-for-agricultural-films In line with the global upturn, import cargoes have been offered to India with increases, as per ChemOrbis. Nevertheless, there was not much interest for these offers up until a short while ago due to weak demand, sufficient local stocks and weak lo...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21382&news=Import-offers-may-regain-interest-in-India Fri, 27 Jan 2012 11:59:34 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21382&news=Import-offers-may-regain-interest-in-India Houston Ship Channel pilots have suspended boarding of both inbound and outbound vessels due to poor visibility caused by fog, as per Platts. Not many inbound and outbound vessels have so far been affected by the suspension. Houston ship pilots help ...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21381&news=Poor-visibility-caused-by-fog-compels-Houston-Ship-Channel-pilots-to-suspend-vessel-traffic Wed, 25 Jan 2012 12:29:53 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21381&news=Poor-visibility-caused-by-fog-compels-Houston-Ship-Channel-pilots-to-suspend-vessel-traffic Brent March crude rose to US$ 110.5, while March crude rose to US$99.3. A decision by the European Union to ban imports of Iranian crude from July and a fresh threat by Iran to close the Strait of Hormuz shipping channel has pushed up oil prices amid...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21380&news=Tensions-mount-as-EU-agrees-to-ban-crude-imports-from-Iran-oil-prices-rise Wed, 25 Jan 2012 12:24:34 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21380&news=Tensions-mount-as-EU-agrees-to-ban-crude-imports-from-Iran-oil-prices-rise Penford Corporation, a company with significant business and expertise in specialty starches and sustainable bio-products and Novomer Inc., a new materials company pioneering a family of high-performance plastics and polymers using renewable feedstoc...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21379&news=Penford-and-Novomer-to-partner-to-drive-development-and-commercialization-of-innovative-sustainable-packaging-materials Wed, 25 Jan 2012 12:24:13 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21379&news=Penford-and-Novomer-to-partner-to-drive-development-and-commercialization-of-innovative-sustainable-packaging-materials Leading polystyrene producer Supreme Petrochem (SPL) has reported a net loss of Rs 7.25 crore for the quarter ended December 31 amid higher cost of inputs and lower demand for end products. A profit of Rs 15.85 crore was reported by SPL in the same ...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21378&news=Supreme-Petrochem-reports-net-loss-of-Rs-725-crore-for-quarter-ended-December-31 Wed, 25 Jan 2012 12:23:47 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21378&news=Supreme-Petrochem-reports-net-loss-of-Rs-725-crore-for-quarter-ended-December-31 Monomer prices in global markets have been strong since the beginning of this year and continue to provide support for rising polymer markets, as per ChemOrbis. Among these monomers, spot propylene prices recorded noticeable increases in major market...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21377&news=Propylene-costs-maintain-upward-rally-on-global-scale Wed, 25 Jan 2012 12:23:28 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21377&news=Propylene-costs-maintain-upward-rally-on-global-scale LyondellBasell's Wesseling site Germany has been hit by an explosion over the weekend, as per Platts. The blast occurred on Saturday morning at the polyethylene plants. The cause of the blast is now the subject of an investigation by the company and ...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21376&news=Explosion-at-LyondellBasells-Wesseling-site Tue, 24 Jan 2012 13:30:16 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21376&news=Explosion-at-LyondellBasells-Wesseling-site The global demand for thermoplastics is expected to grow by around 100,000 tons by 2015, driven by the developing economies. Polyethylene comprises 35% of this market and polypropylene is 24%, according to leading market consultant Noru Tsalic of App...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21375&news=Update-on-global-polyolefins-scenario Tue, 24 Jan 2012 13:29:44 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21375&news=Update-on-global-polyolefins-scenario GAIL (India) Ltd. beat analysts' expectations with a 13% rise in quarterly net profit, as an increase in output of petrochemicals and cooking gas offset higher subsidy payout and flat natural gas transmission volume. Net profit at India's state-run p...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21374&news=Q3-net-profit-rises-13-on-higher-petrochemical-cooking-gas-output Tue, 24 Jan 2012 12:09:00 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21374&news=Q3-net-profit-rises-13-on-higher-petrochemical-cooking-gas-output European Union prepares to enforce an embargo on Iran's oil exports as the West ramps up pressure over Iran's suspected nuclear drive. EU plans to strengthen existing sanctions by ban of imports of Iranian crude as well as targeting finance, petroche...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21373&news=EU-mulls-embargo-on-Irans-oil-exports-as-the-West-ramps-up-pressure-over-Irans-suspected-nuclear-drive Tue, 24 Jan 2012 12:08:42 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21373&news=EU-mulls-embargo-on-Irans-oil-exports-as-the-West-ramps-up-pressure-over-Irans-suspected-nuclear-drive Keyuan Petrochemicals Inc. has announced that one of its production lines for Styrene-Butadiene-Styrene (SBS) has commenced commercial production after successful trial production and testing in Q4-2011. The Company began construction of its new 70,0...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21372&news=Update-on-Keyuan-Petrochemicals-Incs-first-SBS-line Tue, 24 Jan 2012 12:08:19 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21372&news=Update-on-Keyuan-Petrochemicals-Incs-first-SBS-line As part of a drive to optimize its functional polyolefin range, Arkema announces that it is to discontinue its Evatane? 33-15 (High Content Ethylene - Vinyl Acetate Copolymers) and Lotryl? 14MG02 (Ethylene ? Acrylate Copolymers) grades. This withd...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21371&news=Arkema-restructures-its-Functional-Polyolefin-range Mon, 23 Jan 2012 11:26:29 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21371&news=Arkema-restructures-its-Functional-Polyolefin-range Domestic production of ethylene, a key material for various petrochemical products, in 2011 fell 4.7% from the previous year to 6.69 mln tons, falling below the 6.88 mln tons marked in 2008 when the so-called Lehman Shock affected production. The dro...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21370&news=Ethylene-output-falls-by-47-in-2011-a-larger-fall-than-seen-in-2008 Mon, 23 Jan 2012 11:26:05 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21370&news=Ethylene-output-falls-by-47-in-2011-a-larger-fall-than-seen-in-2008 Petrochemical infrastructure development is driven by growth in newly industrialised nations turning to the production of polymer products, and those which have a high demand for fertilisers and fuel additives, as per a report by Visiongain. The appl...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21369&news=US641-bln-to-be-spent-globally-on-petrochemical-infrastructure-in-2012 Mon, 23 Jan 2012 11:25:46 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21369&news=US641-bln-to-be-spent-globally-on-petrochemical-infrastructure-in-2012 As olefin prices rebound, cracker run rates in Europe have gradually improved in January, but are still at a reduced level of around 80%, as per Platts. In January, ethylene contract prices rose Eur 40/mt to Eur 1120/mt FD NWE from December, while pr...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21368&news=Cracker-run-rates-in-Europe-slowly-improve-as-olefins-rebound Mon, 23 Jan 2012 11:25:23 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21368&news=Cracker-run-rates-in-Europe-slowly-improve-as-olefins-rebound Taiwan's CPC Corp has restarted its 380,000 tpa No. 4 naphtha cracker this week following a routine maintenance, but operational rates will be kept low, as per Reuters. The unit was shut in December for maintenance and restarted on Thursday but runs ...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21367&news=Taiwans-CPC-Corp-restarts-380000-tpa-No-4-naphtha-cracker Mon, 23 Jan 2012 11:25:00 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21367&news=Taiwans-CPC-Corp-restarts-380000-tpa-No-4-naphtha-cracker Naphtha prices in Europe rose in the window after recent loading disruptions in the Mediterranean caused by bad weather during the past month, after a weak end of the year; as well as Asian demand lent support, although petchem users in Europe contin...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21366&news=Naphtha-prices-rise-in-Europe-after-recent-loading-disruptions-in-the-Mediterranean Mon, 23 Jan 2012 11:24:37 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21366&news=Naphtha-prices-rise-in-Europe-after-recent-loading-disruptions-in-the-Mediterranean The polymer industry in India is expected to see steady growth in the future, as Netscribes (India) Pvt. Ltd. Per capita consumption of polymers is still low compared to developed nations which brings with it a latent opportunity for the sector to gr...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21365&news=The-polymer-industry-in-India-is-expected-to-see-steady-growth Mon, 23 Jan 2012 11:24:17 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21365&news=The-polymer-industry-in-India-is-expected-to-see-steady-growth Selas Fluid, a wholly owned subsidiary of The Linde Group?s Engineering Division, has been awarded a contract by BASF FINA Petrochemicals LP for a cracking furnace with flexibility for ethane, naphtha and LPG feedstock. The furnace will be installed ...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21364&news=Selas-Fluid-awarded-contract-by-BASF-FINA-for-a-cracking-furnace-with-flexibility-for-ethane-naphtha-and-LPG-feedstock Fri, 20 Jan 2012 14:53:38 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21364&news=Selas-Fluid-awarded-contract-by-BASF-FINA-for-a-cracking-furnace-with-flexibility-for-ethane-naphtha-and-LPG-feedstock China Petrochemical Corporation (Sinopec Group) and Saudi Aramco have signed a joint venture agreement related to the ongoing development of Yanbu Aramco Sinopec Refining Company (YASREF) Limited, formerly the Red Sea Refining Company. The agreement ...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21363&news=Sinopec-and-Saudi-Aramco-ink-JV-for-ongoing-development-of-YASREF-Ltd Fri, 20 Jan 2012 14:53:10 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21363&news=Sinopec-and-Saudi-Aramco-ink-JV-for-ongoing-development-of-YASREF-Ltd Brent North Sea crude for March delivery has inched up to US$ 111.25, rising in Asia on news that the International Monetary Fund is increasing its firepower to aid in crisis intervention. The IMF plans to raise US$500 bln more to increase its abilit...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21362&news=Oil-prices-rise-in-Asia Fri, 20 Jan 2012 14:52:02 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21362&news=Oil-prices-rise-in-Asia Taiwan's Formosa Petrochemical has bought around 75,000 tons of naphtha for February to March arrival, bringing its total purchases since mid-December to over 350,000 tons, as per Reuters. Premium of US$1/ton to Japan quotes on a cost-and-freight (C&...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21361&news=Formosa-buys-around-75000-tons-of-naphtha-for-February-to-March Fri, 20 Jan 2012 14:49:38 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21361&news=Formosa-buys-around-75000-tons-of-naphtha-for-February-to-March Higher feedstock cost and increased demand continue to buoy polypropylene prices in Northwest Europe this week, with rises in contract prices exceeding the January feedstock propylene pass-through of plus Eur 20/mt (US$26/mt), as per Platts. Gross co...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21360&news=Increased-feedstock-rising-demand-continue-to-buoy-PP-prices-in-Northwest-Europe Fri, 20 Jan 2012 14:33:01 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21360&news=Increased-feedstock-rising-demand-continue-to-buoy-PP-prices-in-Northwest-Europe Chinese players report that they are holding generally bullish expectations about the post-holiday period as spot monomer prices have moved higher over the course of the month while energy prices have held firm, as per ChemOrbis. On the other hand, p...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21359&news=Chinas-polymer-markets-enter-the-holidays-on-a-firm-note Fri, 20 Jan 2012 14:32:33 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21359&news=Chinas-polymer-markets-enter-the-holidays-on-a-firm-note Keyuan Petrochemicals, Inc., an independent manufacturer and supplier of various petrochemical products in China, has signed a cooperation agreement with Fangchenggang City to build a new production facility in Guangxi Province. The Company expects t...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21358&news=Keyuan-Petrochemicals-signs-investment-agreement-with-local-government-in-Guangxi Fri, 20 Jan 2012 11:52:43 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21358&news=Keyuan-Petrochemicals-signs-investment-agreement-with-local-government-in-Guangxi Premium unleaded gasoline and naphtha prices rose in northwest Europe on Wednesday on signs of the market tightening after news that Hovensa will close its 350,000 bpd refinery in the U.S. Virgin Islands by mid-February, as per Reuters. The market fo...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21357&news=Naphtha-prices-in-Europe-rise-on-a-tighter-market Fri, 20 Jan 2012 11:52:16 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21357&news=Naphtha-prices-in-Europe-rise-on-a-tighter-market In 2011, the Egyptian people took to the streets in order to bring democratic change to the country by unseating the president Hosni Mubarek, who ruled the country for nearly 30 years, as per ChemOrbis. The violent protests against the government las...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21356&news=Revolution-celebrations-cloud-polymer-demand-in-Egypt Thu, 19 Jan 2012 13:36:42 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21356&news=Revolution-celebrations-cloud-polymer-demand-in-Egypt IRPC Pcl (IRPC) is reported to have sold a cargo of heavy naphtha at a premium of US$55-60/ton over benchmark Japan prices, as per Bloomberg. The shipment, which was sold earlier this week, contains about 30,000 tons for loading from Rayong, Thailand...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21355&news=Thai-IRPC-sells-heavy-naphtha-at-a-premium Thu, 19 Jan 2012 13:35:45 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21355&news=Thai-IRPC-sells-heavy-naphtha-at-a-premium Naphtha prices in Asia rose to a 3 session high on Wednesday with cracks reaching a 5 session high on demand from Taiwan followed by demand from South Korea, as per Reuters. Formosa, Honam and YNCC were heard to be seeking volumes. Buyers in South Ko...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21354&news=Naphtha-cracks-firm-up-in-Asia-on-demand-from-South-Korea-and-Taiwan-Iran-concerns Thu, 19 Jan 2012 13:35:30 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21354&news=Naphtha-cracks-firm-up-in-Asia-on-demand-from-South-Korea-and-Taiwan-Iran-concerns Indonesia?s first ever Butadiene plant was inaugurated in Cilegon, Banten, as per The Jakarta Post. ?The plant?s production capacity is 100,000 tons a year,? the ministry?s press release stated as quoted bykompas.com. The plant is part of publicly li...... http://www.plastemart.com/plastic-facts-information.asp?news_id=21353&news=Indonesias-first-Butadiene-plant-inaugurated Thu, 19 Jan 2012 13:34:22 GMT http://www.plastemart.com/plastic-facts-information.asp?news_id=21353&news=Indonesias-first-Butadiene-plant-inaugurated