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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
In line with sluggish demand, Saudi Aramco has sold around 55,000 tons of June naphtha at about US$25/ton above Middle East quotes on a free-on-board (FOB) basis, down nearly 20-25% from ...
Fuwei Films (Holdings) Co., Ltd., a manufacturer and distributor of high-quality BOPET plastic films in China, announced that the anti-dumping duties imposed on the company's exported bia...
YNCC has bought a 25,000 ton naphtha cargo for H1-July at US$1.50-2/ton above Japan quotes on a cost-and-freight (C&F) basis, making this the lowest premium in South Korea in six months, ...
Signs of an economic slowdown in the US and China have pulled down oil prices further, plunging them to US$81.50 a barrel on the Nymex- the lowest price since October 7. Brent futures dro...
Global ethylene production capacity is set to surge from 144.9 mln mt in 2010 to 173.2 mln mt in 2016, as per Japan's Ministry of Economy, Trade and Industry, as reported in Platts. The ...
Similar to other major markets across the globe, a bearish trend continued to dominate the polymer markets in Turkey during May, as per ChemOrbis. Driven by the continuous losses in energ...
As per a report from the Department of Mineral Fuels, the amount of natural gas from fields located in the offshore Gulf of Thailand area would slowly decline over the next 12 to 18 month...
Four core companies of Formosa Plastics Group have reported losses in monthly revenue. Formosa Petrochemical Corp has reported the largest drop in monthly revenue among the Group’s four ...
Gulf petrochemical companies witnessed a 10% decline year-on-year (y-o-y) in their net profit in Q1-2012 mainly due to rising cost of sales, which, in turn, impacted the gross margins in ...
With the electric vehicle (EV) production set to grow at a CAGR of over 80% 2017, plastics used in these vehicles will also see a tremendous growth. The need to increase EV mile range, pa...
Naphtha prices in Asia fell to their lowest level in almost 20 months, as per Reuters, while margins hovered around a 7 month low amid deteriorating demand that weighed on sentiments. Ma...
ADNOC has sealed contracts for naphtha lifting for a 12-month period starting July, with most of its Asian buyers at record premiums of US$26-27.50/ton to its own price formula after bein...
The DGFT Public Notice No. 105 dated 27.3.2012 state that the time period for utilization of 4% CVD (SAD) against the credit note issued by Customs authorities has been extended upto 30.6...
Following delays in repair work, Japan's Showa Denko KK expects to restart its sole 695,000 tpa naphtha cracker on June 8, as per Reuters. The company shut all production at the cracker i...
Players in China report that import PP prices held largely steady over the past week as a few producers offering towards the low end of the range announced some price increases at the sta...
Mangalore Refineries and Petrochemicals Ltd is in consortium with Indian Oil are in active negotiations and are likely to bid for management control in the ailing Haldia Petrochemicals Lt...
Chevron Phillips Chemical Co (joint venture between Chevron Corp. and ConocoPhilips) signed a letter of intent to evaluate the feasibility of developing a petrochemical plant with Iraq, a...
India’s state-run Bharat Petroleum Corporation Limited (BPCL) has finalised a joint venture (JV) agreement with UK-based LP Chemicals for petrochemical business. BPCL is likely to hold 49...
Saudi International Petrochemical Company (Sipchem) affiliate, International Polymers Company (IPC), has signed a Shariah compliant SR1.4 bln (US$373 mln) loan deal with Saudi banks, Riya...
A large fraction of Asian naphtha demand is expected to be removed on a cracker outage and run cuts. As a result, naphtha prices in Asia lingered at its lowest in 1-1/2 years on Friday wh...
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