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Price trends of oil, polymer feedstock and commodity polymers in Asia for the week ended October 11, 2010-10-13

CRUDE OIL Crude oil prices ended the week of October 11, 2010 at US$82/barrel levels. Midweek, oil prices rose to near US$83 as investors ant...

14-Oct-10

Strike in France hampers NWE polyethylene deliveries

Majority of French refineries and two major oil ports have decided to carry on with a strike against government plans to overhaul pensions. These strikes have hampered the export of polye...

14-Oct-10

Materials for highly transparent two-component PU casting compounds for manufacture of LEDs developed

Raw materials for highly transparent two-component polyurethane casting compounds that can be used to manufacture lighting strips and other lighting elements with light-emitting diodes (L...

14-Oct-10

Polymeric foams in USA to grow from 5.6 bln lbs in 2010 to 8.6 bln lbs in 2015

The US market for polymeric foams will amount to an estimated 5.6 bln lbs in 2010, expected to increase to nearly 8.6 bln lbs in 2015, for a 5-year compound annual growth rate (CAGR) of 2...

14-Oct-10

Metal, glass replaced with plastics in automobile applications in South Africa

Metal and glass are being replaced with plastics that offer increased benefits in automobile applications in the South African market, as per a report by Frost & Sullivan. Plastics are li...

14-Oct-10

Bio-PET for automotive interiors

Toyota Motor Corporation (TMC) plans to make vehicle liner material and other interior surfaces from a new bio-PET-based “Ecological Plastic”. Bio-PET consists of 70% terephthalic acid an...

14-Oct-10

Brazil's PP, PE domestic offers hiked by Reals 200/mt in October

Braskem hiked October polyethylene and polypropylene offer for the Brazilian domestic market at an increase of by Reals 200/mt, over September, as per Platts. Resin demand in the Brazilia...

13-Oct-10

Economic recovery phase triggered polyolefin demand growth in H2-09

Polyolefin demand growth resumed during H2-2009 with the onset of the economic recovery phase. Emerging market economies and China, in particular, provided the main support for the renewe...

13-Oct-10

Crude oil falls for second day, hovers around US$82

Crude oil prices have fallen for the second consecutive day and is trading at levels around US$82. Oil prices have fallen for a second day in New York on speculation that US inventories i...

13-Oct-10

PP price hikes in China post-holidays

At the start of this week, Chinese players who have started to return to their desks are faced with price hikes on homo-PP prices, which caused the sentiment in other global PP markets in...

13-Oct-10

Jaihind Projects awarded contracts for mechanical and pipe work by Brahmaputra Gas Cracker and Polymer

Jaihind Projects has secured Rs 94.38 crore orders from Brahmaputra Gas Cracker and Polymer for mechanical and pipe works for a petrochemical complex in Assam. A Rs 56.10 crore order is...

12-Oct-10

Japanese ethylene production falls 12.1% in September 2010 vs September 2009

Japanese ethylene production has fallen by 12.1% to 557,100 tons in September 2010 vs 633,500 tons September 2009. This is partly due to the scheduled plant maintenance shutdown at a naph...

12-Oct-10

SABIC IP to add specialty PP compounding to its Bay St. Louis site

SABIC Innovative Plastics is to add state-of-the-art specialty polypropylene (PP) compounding to its Bay St. Louis, site in Q1-2011. The site will use its existing infrastructure and adop...

12-Oct-10

Ineos licences Innovene S process to Russia's Rosneft

INEOS Technologies has licensed its Innovene S process for the manufacture of high-density polyethelene (HDPE) and linear low-density polyethylene (LLDPE) to Rosneft's 345,000 tpa Angarsk...

12-Oct-10

High-performance PVDF films for photovoltaic front-sheet applications

A new line of high-performance PVDF (polyvinylidene fluoride) films specifically designed for photovoltaic front-sheet applications, is now commercially available. Rowlar™ has been develo...

12-Oct-10

Linde on verge of signing US$800 mln deal on Saudi acrylic-acid project

World number two maker of industrial gases-Linde AG, is on the verge of securing a US$800 mln contract to help build a acrylic-acid project in Jubail, as per Bloomberg. The plant is a US$...

12-Oct-10

More aggression by PTT to expand businesses in ASEAN countries

In a bid to capitalise on the single-market Asean Economic Community in 2015, Thailand’s PTT plans to move more aggressively in expanding its existing businesses in ASEAN countries. The A...

12-Oct-10

Innovative development can process extra-large polycarbonate film formats

Extra-large polycarbonate film formats can now also be produced by the high-pressure forming (HPF) process thanks to an innovative development from Bayer MaterialScience and Niebling-Juni...

12-Oct-10

PC/ASA resin blends for broad use in healthcare, consumer electronics, electrical applications

An expanded portfolio of Geloy* polycarbonate/acrylonitrile-styrene-acrylate (PC/ASA) resin blends that open new opportunities for key market sectors, has been introduced by SABIC IP. Or...

12-Oct-10

After rising to near US$83, marginal dip in oil prices as markets await OPEC meet

After rising to levels near US$83, oil prices have had a marginal dip as markets start focusing on this week’s OPEC meet in Vienna to discuss its latest output, production quotas and outp...

12-Oct-10