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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 upward trend that had been in place in China’s PP and PE markets since mid December gained speed following the end of the Chinese New Year holiday at the beginning of February, as per...
CJSC SIBUR Holding and OJSC Gazprom have signed a long-term contract to supply natural gas liquids (NGL) from the Surgut Condensate Stabilisation Plant to the Tobolsk-Neftekhim facility u...
Cold weather over the past few weeks has affected Europe’s plastics sector severely, as per ChemOrbis. Tough weather conditions, which worsened during the weekend, caused many upstream an...
Honeywell has inaugurated a new technology center in India, further expanding its technology development capabilities in key areas including refining, petrochemical, low-global-warming an...
Amid falling crude oil prices, benzene in Asia slipped by a dollar to US$1187/mt FOB Korea. In the US, benzene was assessed at US$1246/mt FOB USG on February 13, while European benzene wa...
Reliance Industries Ltd. will expand petrochemicals production including ethylene, polypropylene and propylene at its Jamnagar refinery to profit from selling products used in consumer go...
Naphtha cracks in Asia rose for the fourth time to peak to a 13 month high, while naphtha price was at 9 month on firm demand and limited cargoes, as per Reuters. South Korea's LG Chem b...
Two more cargoes of 12,500 tons of naphtha have been purchased by trading company Vitol, taking its total February purchases to 150,000 tons, the largest monthly volume bought by an indiv...
Crude oil prices crossed the US$100 threshold as tensions about Iran’s oil supplies rekindled after some shipping companies mulled to stop loading Iranian crude onto tankers amid pending ...
After rebounding at the end of 2011, Turkey’s import PET market rose steadily, driven by surging upstream costs since January. Sellers report seeing relatively improved buying interest in...
DuPont Packaging & Industrial Polymers is announcing a price increase of Euro 0.15/kg on all grades of DuPont™ Elvax® EVA copolymers in the region Europe, Middle East and Africa. This inc...
Foster Wheeler has announced that subsidiaries of its Global Engineering and Construction Group have been awarded an engineering, procurement and construction management contract by Aramc...
Saudi Basic Industries Corp (SABIC) and China Petroleum & Chemical Corp (Sinopec) have commenced negotiations with Trinidad and Tobago to build a US$5.3 bln methanol complex, as per Reute...
Naphtha crack spread extended losses in Asia, signaling reduced profit for refiners, as per Bloomberg. Japan naphtha’s premium to London-traded Brent crude futures fell to US$122.73/ton a...
Spot ethylene prices posted another week of solid increases across the globe last week, as per Chemorbis. Rising naphtha costs and the resultant loss in margins were cited as the main fac...
Following two decades of expansion driven by an abundance of natural gas at advantaged prices, GCC petrochemical companies established a leading position in their industry. However, recen...
Qatar Petroleum and Qapco have signed a heads of agreement (HoA) for a 80:20 joint venture, which will produce 1.4 mln tpa of ethylene, 850,000 tpa of high-density polyethylene (HDPE), 76...
China has surpassed North America and Europe as the largest consumer of petrochemicals in the world, creating opportunities for joint ventures with US and European companies, a report by ...
The Kuwait Styrene Company (TKSC) has announced a net profit of US$99 million for the fiscal year ending December 31, 2011, as per KUNA. Profits have been attributed to several elements, ...
Abu Dhabi National Oil Co. (ADNOC) offered to term naphtha for April to March 2013 to Asian buyers at premiums of US$25-27/ton above Middle East prices, as per sources in Bloomberg. Abu D...
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