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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
Japan's naphtha imports for the petrochemical sector rose 2.3% in December 2010 vs December 2009, as per government figures. This marks the third consecutive gain. Imports of naphtha for ...
A blast occurred at the No 2 Petroleum Plant of Fushun Petrochemical Co, a subsidiary of the State-owned PetroChina Co Ltd., when over 20 workers were on duty, as per ChinaDaily. As of 4 ...
India’s Union government is expected to give approval to the fifth Petroleum, Chemicals and Petrochemical Investment Region (PCPIR) in Cuddalore in Tamil Nadu in the next 2-3 months. “Thi...
Benzene-naphtha spread in Asia has peaked to a nine-month high on Thursday to US$265.75/mt, as prices for the aromatic surged to a 28 month high on Wednesday, Platts data showed. The spr...
Crude for March delivery inched up to US$89.8 on the Nymex after dipping by 2.4% on the previous day, on news of rise in US stockpiles. Crude inventories in USA increased 2.62 mln barrels...
Total US propane and propylene inventories fell 5.4 million barrels during the reporting week ended January 14, according to data released Wednesday by the US Energy Information Administr...
PVC prices in Southeast Asia are expected to move higher in February, with initial offers for both local and regional business having already been announced with increases when compared w...
Sales of conductive polymers to the electronics industry will reach US$1.3 bln by 2016 as polymer firms diversify away from low-performance materials and look for higher-margin opportunit...
Profits from making gasoline out of naphtha in Asia are rising at the fastest pace in a year as global supplies of naphtha as feedstock for plastics increase, as per Bloomberg. Gasoline’s...
In recent weeks, Polystyrene players in Italy have been reporting various import GPPS and HIPS offers from non-European supply sources, with import GPPS offers emerging €40-70/ton below t...
Hyperion Systems Engineering (Hyperion), the leading independent simulation solutions provider, will supply the Operator Training Simulator for an ethylene cracker and associated units, ...
China's Hanbang Petrochemical Company has achieved on-spec output at its new 600,000 tpa purified terephthalic acid plant that it is currently operating at 90% of capacity, as per Platts....
Light, sweet crude futures for delivery in February rose to US$91.91 on the Nymex. Amid higher regional equities and a weaker US dollar vs the euro, crude-oil futures were up as price vol...
The petrochemical industrial complex in Yeosu, South Korea has suffered a power outage this week. 20 of Yeosu Industrial Complex’s 268 companies were left without power for 20 minutes aft...
Global installed PVC capacity is currently 47.5 mln tpa, and is expected to grow to 59.1 mln tpa in 2020. Global PVC production has grown from 24.7 mln tons in 2000 to 32.3 mln tons in 20...
CRUDE OIL In the week of January 17, 2011, benchmark oil for February delivery settled at US$91.5 on the Nymex, rising after government repor...
Oman's Octal Petrochemicals sees 70% of the products from its 927,000 tpa capacity polyethylene terephthalate (PET) plant in Salalah heading to the US and Europe in 2012. The rest of the ...
During Q3 FY11, GAIL reported an operating profit of Rs 13.3 bln up 3.5% yoy, while OPM fell by 485 bps yoy to 15.9%. Lower profitability was on account of slump in EBIT margins for petro...
Ineos Nova has lost 500-1,000 tons of polystyrene production at its 190,000 tpa plant at Wingles, northern France, due to high water levels seen last week, as per Platts. The company ha...
After tracking a mainly stable trend over the last three months of 2010, Italy’s PVC market turned upwards in January, as per Chemorbis. Having met with noticeable hike requests of upto €...
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