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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
South Korea’s HC Petrochem is expected to complete the construction of a new 800,000 tonne/year paraxylene (PX) unit at Daesan in South Korea by the end of this year, as per ICIS. HC Petr...
U.S. private equity fund Warburg Pincus, a stakeholder of Titan Petrochemicals Group Ltd, has sued Titan and some of its executives in Hong Kong’s High Court for misrepresentation and bre...
European ethylene prices further extended their gains this week, finding support from Asian markets, a sharp rise in naphtha costs and generally strong demand, as per Platts. Ethylene s...
Japanese oil refiner Idemitsu Kosan Co has shut the 220,000 bpd No. 2 crude distillation unit (CDU) at Chiba refinery, on Thursday evening after a fire near the CDU's naphtha circulation ...
Brent North Sea oil for delivery in September spiked to US$107.4 while oil on the Nymex rose to US$91.8. Oil prices ended the previous week at seven-week high on concerns over the impact ...
Players in India, Italy and Egypt report seeing stronger PVC demand this week, which has led to firmer sentiment vis a vis August PVC pricing. Buyers are said to be looking to secure mat...
Williams announced today that it is exploring building a propane dehydrogenation (PDH) facility in Alberta, Canada. A new PDH facility, which would be the first in Canada, would allow Wil...
Petronas has signed a Heads of Agreement (HOA) with Italy-based Versalis SpA to jointly own, develop, construct and operate elastomer plants within PETRONAS’ proposed Refinery and Petroch...
Oil & Natural Gas Corp Ltd (ONGC) has sold 35,000 tons of naphtha for Aug. 5-6 loading from Hazira to Total at premium of about US$33/ton above Middle East quotes on a free-on-board (FOB)...
South Korea's spot demand for naphtha stayed strong, with Honam Petrochemical having bought 50,000 tons on Thursday, taking its total purchases of August cargoes through tenders to around...
Oil prices rose on Wednesday, hitting a seven-week peak as violence in Syria and tensions with Iran reinforced geopolitical fears and U.S. Federal Reserve Chairman Ben Bernanke downplayed...
Demand for polymer in India has grown rapidly over the past decade, outstripping growth in the country’s gross domestic product (GDP), As per a report by GlobalData. While GDP grew at a c...
Naphtha price in Asia rose to two-month high of US$884/ton on Thursday as the intermonth premium held firm at US$10/ton on brisk demand, as per Reuters. The intermonth premium is the diff...
A new product labeled FLEXICLAD ER has been launched by ENECON-provider of advanced polymer composites technology. It is a polymer composite meant for repairing rubber and flexible materi...
Solvay’s specialty polymers compounding plant located in Changshu, province of Jiangsu in China, has started to serve the local growing demand for specialty polymers compounds. The plant ...
South Korea's LG Chem has bought 50,000 tons of naphtha for H1-September arrival at Yeosu port at around US$7/ton above Japan quotes on a cost-and-freight (C&F) basis, tagged to a 45-day ...
Saudi Basic Industries Corp. (SABIC), posted a 35% decline in Q2 profit on lower product pricing and higher raw materials costs, with net income falling to 5.3 bln riyals (US$1.4 bln) fro...
Asian naphtha price stayed at a 1-1/2 month high of US$872/ton on Wednesday, while the intermonth premium was at a three-session high of US$10/ton amid strong demand combined with tighter...
Guangdong Zhenrong Energy Co., backed by a Chinese state-owned company, has offered HK$200 mln (US$25.8 mln) for a controlling stake in Titan Petrochemicals Group Ltd, as per Bloomberg. G...
Supreme Petrochem Ltd (SPL) a Styrenics major and the largest polystyrene producer in India has declared that its Q1-FY13 net profit was down at Rs 4.6 crore versus Rs 21 crore, and net s...
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