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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 a case of rare reverse arbitrage, higher priced Northwest European naphtha has attracted fresh US barrels, as the US shuns European imports despite the approaching summer driving seaso...
Taiwan’s CPC Corporation plans to invest NT$38.9 bln in building an RFCC (Residue Fluid Catalytic Cracking) unit with a capacity of 80,000 BPSD, along with related facilities. To be named...
Formosa Petrochemical Corp has bought 100,000 to 150,000 tons of open-spec naphtha for H1-May arrival at premiums of US$21-23/ton to Japan spot quotes on a cost-and-freight (C&F) basis. T...
China’s domestic PVC market has been mostly unresponsive to the steadily rising import prices since the beginning of 2012, causing the domestic market to trade at a discount when compared...
Spot polypropylene prices in Northwest Europe continued to hover at over nine-month highs this week despite the decline in demand, as per Platts. Buyers have adopted a wait and watch sta...
In 2012, Gazprom Neft plans to invest up to RUB3 bln (€70 mln) in developing its petrochemical business, in cooperation with Sibur, as per European Plastics News. The deal will allow Sibu...
Naphtha prices in Asia steadied on Wednesday, while cracks rebounded from a near two-week low to reach a two-session high on demand from Taiwan, as per Reuters. On Tuesday, naphtha crac...
China Petrochemical Corp.(Sinopec Group) plans to produce at least 2 billion cubic meters of shale gas annually by the end of 2015--around one-third of the country's targeted production o...
Intermestic Inc., a specialty retailer of eyewear and accessories, has chosen SABIC IP’s tough, lightweight Ultem* polyetherimide (PEI) resin for the frames of its new line of Zoff SMART...
TDI (Toluenediisocyanate) is mostly used to manufacture flexible polyurethane foams which are primarily used as cushioning material in furniture and transportation applications. It is mai...
Italy’s local PP market moved upwards for the third consecutive month in March, as per ChemOrbis. According to players’ reports, monthly increases of €80-140/ton have passed so far this m...
The global Plastic Film and Sheets market is forecast to reach 56.6 mln tons by 2017, mainly driven by burgeoning demand from end-use markets, competitive advantages over traditional pape...
A new amine-free antistat solution for BOPP (bi-axially oriented polypropylene) and PP (polypropylene) film delivers a unique combination that helps ensure safer chemistry for food packag...
Global MDI market was worth US$11.9 bln in 2011 and is expected to reach US$16 bln in 2016, growing at a CAGR of 6.1% from 2011 to 2016. Asia Pacific is expected to maintain its lead posi...
Asian polyethylene and polypropylene offers to Brazil are expected to increase at least US$30/mt this week, as per Platts. Some uptrend is expected in Asian price movements as prices in C...
Asian markets are seeing muted spot purchases as the Japanese market is closed for holiday and South Korean buyers are holding back on high offers. As a result, naphtha prices in Asia dip...
India’s largest state-owned oil explorer, Oil & Natural Gas Corp. (ONGC) offered a 35,000 tons naphtha cargo for loading 17-18 April, from Hazira port, as per Bloomberg. Last week, Indian...
The Saudi cabinet has vowed to "ensure adequate oil supply, stabilise oil market and bring down oil prices to reasonable levels to both producers, consumers, and the petroleum industry", ...
Sinopec (China Petrochemical Corp.) is to cut ethylene output this month and boost fuel production to meet rising demand in the planting season, as per Bloomberg. Five refining units, i...
A new 86,000 tpa of Polyethylene Terephthalate plant built by Indorama Group, the core investor in the Eleme Petrochemicals plant, is slated for inauguration in H2-2012. The plant is bein...
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