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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
Naphtha prices in Asia Asian plunged to 5 week lows and naphtha cracks have eased in anticipation of increased supplies. Over 200,000 tons of Western naphtha has been put on subjects for...
Population growth and increasing per capita consumption by a growing middle class in the emerging markets primarily drives fiber demand growth, as per CMAI. Among both natural and synthet...
A surprise move by Abu Dhabi National Oil Co (ADNOC) to reduce splitter naphtha export volumes for January-February lifting by around 10% has added to Asia’s supply woes. This reduction i...
Maoming Petrochemical Corp is expected to conclude a maintenance turnaround at its 640,000 tpa naphtha cracker by month end. The 1 mln tpa ethylene plant was shutdown for a period of 30 d...
South Korea will continue to rely on China’s consumption to enhance its petrochemical production, but the strong demand witnessed in 2009 may not be repeated this year, as per ICIS. Addit...
Thai based Indorama Ventures, a company focusing on polyester, will become the first company to go public in Thailand since April 2008 after pricing its initial public offering (IPO) at t...
Domestic PP and PE prices continue to gain ground this week in Indonesia due to extremely limited avails domestically amid higher feedstock prices. As per Chemorbis, domestic PP producers...
Offers for import PVC offers to Asia announced in mid-January were raised by US$70-90/ton vs January prices. Most producers have reported sales for the better part of their February alloc...
Months of speculation have come to an end in Brazil with the acquisition of Quattor by Braskem. In a move that will further expand and consolidate Brazil’s petrochemical industry to face ...
As raw material prices rise and the economy shows signs of improvement, Thailand’s largest industrial conglomerate - Siam Cement Group, expects its sales to grow by 10% in 2010. Prices ...
A Wall Street dropped for a third consecutive session, oil prices have fallen to US$74.5 on the Nymex, and to US$72.83 on the ICE Futures exchange in London. Oil prices are weakening amid...
Braskem SA, Odebrecht SA (Odebrecht Servicos e Participacoes SA), Petroleo Brasileiro SA (Petrobras) and Petrobras Quimica SA (Petroquisa) have inked an Investment Agreement to regulate t...
Demand for benzene from the Styrene Monomer (SM) sector (that consumes 50% of Asia’s benzene) has been robust in Asia, but is likely to fizzle out in February with slackening of demand as...
In China, acetylene based PVC sellers elected to cut their offers, pointing to the buyers’ stiff resistance and their wish to speed up their sales, since the beginning of this week, as pe...
Limited ethylene availability and strong PE demand in the H1-January in Asia, sparked off a rally that propelled spot ethylene prices by almost US$200/ton since the New Year holidays, as ...
Aromatics producers in Asia have reduced run rates due to a naphtha supply crunch that has driven up crack spreads to near 20-month-high levels, as per iCIS. Regional naphtha demand has b...
Prices of petrochemical products in Asia may start to feel some pressure as China has accelerated its credit tightening measures, as per ICIS. However, a price crash will be averted on es...
At a time of positive petrochemical margins, Kuwait Petroleum Corp (KPC) plans to shortly talks with Asian customers to renew contracts for full-range naphtha lifting during April 2010-Ma...
The Mexican government plans to dedicate 5 bln pesos (US$392 mln) for petrochemicals in 2010.The amount will be utilised to maintain and modernize the petrochemical plants of state-owned ...
ZRCC Lyondell Chemical Company will conduct trial test runs at its Propylene Oxide (PO) plant located in Ningbo in April 2010. Commercial production is expected to commence thereafter and...
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