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Latest international plastic news, information and facts on plastics, polymer news, trends and developments in plastics industry. Subscribe to receive latest developments about plastic products, plastics trends, news & plastic information
Oil on the Nymex for February traded at US$99.5 a barrel, the strongest level since October 22. Oil prices in USA rose to a nine-week high on Thursday, after latest numbers revealed tha...
January PVC deals are settling with increases in China, as buyers in Southeast Asia show some resistance to producers’ hike targets, as per ChemOrbis. Producers report that they are still...
Venezuela and India have agreed to build a naphtha production unit in the South American OPEC nation in the latest sign of widening energy ties between the two countries, Venezuela's fore...
A Turkish petrochemicals group, Polisan Holding plans to restart the former PET polymer plant of Spanish group La Seda de Barcelona in Volos, Greece by the end of this year, as per Europe...
Benchmark oil for February delivery dipped to US$98.7 in electronic trading on the New York Mercantile Exchange. Signs of improvement in the US economy have mellowed down oil prices below...
In China, local PP prices retreated to early November levels, as an extended rising trend from late April to early December lost pace, as per ChemOrbis. Limited demand in the final month ...
Idemitsu Kosan has bought a total of 70,000 tons of naphtha from Mangalore Refinery Petrochemicals Ltd (MRPL) and Oil & Natural Gas Corp (ONGC) at steep premiums on persisting strong Asia...
Indorama Ventures Public Company Limited (IVL), the world's leading vertically integrated Polyester Value Chain producer, has successfully completed the refinancing of a US$640 million te...
The Board of Haldia Petrochemicals Ltd has decided to opt for rights issue to save the ailing petrochem unit, as per The Hindu. Around 52 crore shares will be issued at a discovered price...
China XD Plastics Company Limited, one of China's leading specialty chemical players engaged in the development, manufacture, and sale of polymer composites primarily for automotive appli...
With effect from January 1, 2014, the European Union will change the rules on its so-called General System of Preferences (GSP), which provides countries classed as developing with prefer...
About 1.7 mln tons of naphtha from Europe, the Mediterranean and the United States is due to arrive in Asia in January, as per economictimes.com. Despite these volumes, which are more tha...
Axiall has declared force majeure on vinyl chloride monomer (VCM) from its PHH Monomers VCM plant at its Lake Charles, Louisiana complex, as per a company letter quoted in Platts. The f...
Spot ethylene prices rose for a second consecutive week in Asia, pushed up by tight supply, as per ChemOrbis. Shipments from the Middle East are said to be limited and a number of planned...
Reliance Industries has sold 35,000 tons of naphtha for end-January loading from Sikka to oil major Shell, at a premium of about US$31/ton to Middle East quotes on a free-on-board (FOB) b...
US ethylene dichloride prices were assessed Thursday at US$325-335/mt FOB US Gulf, a spike of US$30/mt week on week, amid tight availability, strong demand from Asia and an increase in fe...
Formosa Chemicals & Fibre Corp plans to sell about 2% of its stake in Formosa Petrochemical- a maximum of 51.6 million shares of affiliate Formosa Petrochemical Corp by the end of Q2-2014...
Qatar Petroleum plans to raise 3.2 billion riyals (US$879 mln) in the initial public offering of a new petrochemicals subsidiary. QP expects to start selling a 26% stake in Mesaieed Petro...
Crude oil prices will fall next year as higher production and subdued demand growth offset tensions in the Middle East and North Africa, as per Reuters poll. The shale boom in the United ...
In a bid to widen energy ties, Venezuela and India have agreed to build a naphtha production unit in Venezuela, as per Reuters. No details have been revealed about the deal or the size of...
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