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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
Europe’s sovereign debt problems have pulled down the euro to a four-year low at 1.2144 vs the US dollar as analysts are concerned over a sustained fall in the coming months given the eco...
Oil prices have ended the previous week at levels near US$70 per barrel in Asia. Growing concerns that the financial crisis in Europe could weaken global economic recovery and demand for ...
The crude distillation unit at LyondellBasell’s refinery in Houston caught on fire. Firefighters subdued the fire within an hour and no injuries were reported from the incident, although ...
Oil has plunged over $15/barrel since start of the month. Naptha prices have also lost over $76/ton during this period. However as per Chem Orbis spot propylene has lost only $35/ton in A...
ORLANDO, FL, U.S.A., May 16, 2010—Following longstanding practice, ANTEC® 2010 marks the beginning of one-year terms for new officers of the Society of Plastics Engineers (SPE), it was an...
CRUDE OIL Oil prices have ended the week of May 17, 2010 at levels near US$70 per barrel in Asia. Growing concerns that the financial cris...
Polystyrene prices are showing a downward trend in Asia on the back of reduced demand from China and fall in oil prices. As per ChemOrbis, Asian GPPS and HIPS prices recorded $10-30/ton d...
At US$69.82, oil prices have dipped below US$70 - their lowest in over three months as concerns mount about Europe's debts, the weakening euro vs the US dollar and growing US oil inventor...
Saudi Arabia-based Al-Waha Petrochemical Co’s 450,000 tpa polypropylene (PP) unit was taken offline this week owing to a technical issue at the Al Jubail site, as per ICIS. The facility h...
Nigerian National Petroleum Corporation (NNPC) and China’s State Construction Engineering Corporation (CSCEC) have signed a US$23 billion agreement for the construction of three refinerie...
Despite announcement of a US$1 trillion (Dh3.67tn) aid package to contain a sovereign debt crisis, the euro is at its lowest level since September 2008. The crisis in Europe is leading to...
Almost 20% of European polyolefin demand currently satisfied by domestic suppliers will shift to the Middle East by 2015 as per ICIS. By 2015, the global industry will have an over-capaci...
Crude oil prices plunged to three month lows on the Nymex, settling at US$71.6. US crude has fallen 18% since peaking to a 19 month high of US$87.1 on May 3, amid a notable weakening of ...
After a strong start to the year, Saudi petrochemicals companies led to a decline in Saudi Arabia’s Tadawul All Share Index. The heavyweight petrochemicals Tadawul All Share Petro Index h...
The price uptrend in the US$2.8 trillion global petrochemicals business continued into early April establishing fresh six-month highs, before giving way to an overall price decline for th...
In Europe, May styrene contract fell by €5/ton (US$6/ton) to €1145/ton (US$1443/ton) amid lower spot styrene prices, which lost US$50/ton since the beginning of May falling to US$1355/ton...
Polystyrene offers in Asia have receded in line with falling crude oil and styrene amid lackluster demand from China. As per Chemorbis, crude oil prices lost ground by over eleven dollars...
After finding two wells that contained levels of a carcinogenic pollutant above the legal limit, the Environmental Protection Administration (EPA) has upheld fines of NT$38-150 mln. EPA ...
Indorama Ventures, the world's second largest PET producer, saw a 20% growth in net profits this year following its acquisitions in Europe. The company is keen to acquire more polyester p...
A ban on manufacturing, importing, exporting and selling "baby bottles made of BPA-based products" has been approved in France by a majority of deputies this week. The government bill nam...
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