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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
The Ministry of Finance (Department of Revenue) Government of India vide its Notification No. 25/2013 -Customs dated 8th May 2013 had increased the Customs Duty on Plastic Polymers (excep...
Chevron Phillips Chemical has declared a force majeure for its polyethylene products, according to Platts. The company said in the letter that the move was caused by a "contingency event"...
PTT Global Chemical is keen to join with China's Sinochem to set up a petrochemical plant in that country, said Anon Sirisaengtaksin, chief executive officer of PTTGC, as per Nationmultim...
The sentiment shifted direction in China’s PP and PE markets in the second week of May after players resumed work at full following the long Labor Day holidays. Since then, import PP and ...
Jacobs Engineering Group Inc. (JEC) has renewed its frame agreement with Borealis for work at its facilities in Stenungsund, Sweden. Officials did not disclose the contract value, however...
Oil prices fell at the start of the week, as the dollar strengthened against the yen and other major currencies. Benchmark oil on the Nymex for June delivery dropped by over 80 cents to U...
South Korea imported natural gas liquids from Iran for the second straight month in April, customs data showed on Wednesday, though a source with direct knowledge of the matter said it wa...
Asian naphtha price slipped by a dollar to US$870/ton, while margins rose by 2.4% to US$99.60/ton, its highest in five weeks, supported by demand and refinery run cuts, as per Reuters. ...
Kingiseppsky, one of Russia's largest petrochemical producers, plans to invest up to €8 bln in building a large petrochemical facility close to the city of Kingisepp, in the St. Petersbur...
In Asia, spot monomer markets soared week over week mainly triggered by firmer crude oil prices since May started as per ChemOrbis. Although energy costs recorded some losses in the secon...
The Chatterjee Group (TCG), one of HPL's key promoters, has released an advertisement cautioning probable bidders for the government's stake. With this new development, the stake sale pro...
US ethylene margins climbed for the week as production issues over the weekend pushed spot markets higher Monday, as per Platts. Power outages were reported at Flint Hills Resources in Po...
Asian naphtha price and its margin each ended the week at a month's high of US$876.50/ton and US$97.33/ton, held up by demand and lower-than-expected western exports to Asia following Alg...
Yeochun Naphtha Cracking Center (YNCC) which had shut its No.1 aromatics plant for maintenance turnaround on April 29, 2013, has started the restarting process. According to a company o...
State-owned Bangladesh Petroleum Corporation (BPC) has floated a tender to sell 170,000 barrels of open-specification naphtha for lifting between May 27 and May 29, as per Reuters. The te...
Japan-based Keiyo Ethylene which had shut a naphtha cracker owing to mechanical issues, has restarted the cracker. As per fibre2fashion, the cracker which was shut on April 30 due to mech...
Petrochemical firms risk creating a glut of high-end products in Asia as they invest to move up a value chain, threatened at the bottom end by cheap U.S. ethylene, as per Reuters. Shale g...
Indian Oil Corp has announced a Rs 2000 per MT hike in the price of HDPE/LBM/LLDPE/PP with effect from May 11, 2013.
Leading plastics injection moulding machine manufacturer, Ferromatik Milacron India Pvt. Ltd., has dispatched its 7501st Injection Moulding Machine – Maxima Servo 1300 Ton on 10th May 201...
In Egypt, players in the PVC and PE markets report that the local producers are undergoing maintenance although they add that the market does not feel the full effects of these shutdowns,...
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