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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
With effect from 11 January 2010, the nitriles division of Ineos has declared force majeure for acrylonitrile from Cologne for an undisclosed period, as per PIE. A shortage of feedstock p...
PetroRabigh is planning to offer a nearly full monthly allocation of PP and PE in February as reported by a trader in Southeast Asia in Chemorbis. The Saudi petrochem maker has been able ...
Crude oil prices peaked to 15 month highs at levels of US$84 per barrel on the Nymex during intra day trade of January 11, welcoming 2010 on a strong note. As per Chemorbis, daily settlem...
New York's main contract, light sweet crude for March delivery, dipped marginally, to US$77.6, while London's Brent North Sea crude for delivery in March fell to US$76.1 a barrel. This di...
Celanese EVA Performance Polymers Inc. plans to increase price of all grades of Ateva® EVA by US$0.07/lb and all grades of LDPE by US$0.05/lb with effect from February 15, 2010, or as con...
Eastman Chemical Company has acquired a Chinese cellulose based specialty maker- Tongxiang Xinglong Fine Chemical Co., Ltd., with manufacturing facility located near Shanghai, China. The...
DINA-Petrokemija has started its polyethylene plant after expansion in Omisalj on northern Krk Island, Croatia at a cost of €18 mln. Capacity has been augmented from 70,000 tpa to 90,000 ...
The recent price hikes seen in polyethylenes and polypropylene in South Asia and the Middle East triggered by rising feedstock prices and robust demand are anticipated to fizzle out on bu...
South Korea has embarked upon a formal antidumping investigation into two Japanese makers of propylene oxide in response to complaints filed by SKC Ltd., the country’s sole manufacturer o...
Following Ineos Nova and BASF, Borealis has announced plans to increase all polyethylene and polypropylene prices by €100/ton with effect from 25 January. With this price hike decision, t...
In China, PP sellers complain about the sluggish market sentiment as buyers are hesitant to make purchases amidst bearish crude oil prices and the price cuts from the domestic producers a...
In Indonesia, persistent supply tightness in the country’s local PP and PE markets has pushed converters in the local market to increase pace of their purchases out of fears that tighteni...
In Europe, the propylene market remains on a bullish note, in accordance with delivery disruptions from harsh weather conditions in the region, the ongoing tightness, good demand and sque...
Demand for extruded plastics in the US is projected to grow 2.6% pa to 34 bln lbs in 2013, valued at US$23 bln (resin content only) as per Freedonia. Resins will account for 40% of the US...
Japan's Mitsui Chemicals’ 455000 tpa naphtha cracker at Osaka has sprung an oil leak that has not had any major impact on the cracker's operations. Two workers suffered minor burns in the...
Kuwait's state-run Petrochemical Industries CoPetrochemical Industries Co. has declared force majeure to customers of its aromatics plant. This decision has been triggered after last week...
Continuing its recent downtrend, oil prices have dipped below the US$78 mark on OPEC confirmation of ample supply to meet winter demand and trimmed oil demand estimates to an average 28.5...
SABIC has recorded an upsurge in Q4-09 net profit of SR 4.58 bln (US$1.22 bln) on recovering demand and prices for its key products. The Saudi major had posted just SR 311 mln (US$82.9 ml...
State refiner Oil and Natural Gas Corporation (ONGC) will lend Rs.5000 crore to its subsidiary Mangalore Refinery and Petrochemicals (MRPL) for it's expansion projects. MRPL plans to expa...
An innovative plastic breakable ampoule technology that will replace conventional glass-based ampoules that are opened by snapping away the neck has been designed and patented by French p...
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