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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
China’s central bank; the People’s Bank of China (PBoC) has taken clear measures to curb aggressive lending. PBoC announced plans to raise its reserve requirement (a portion of deposit th...
Crude oil prices dipped below US$80/barrel on release of report by the Energy Information Administration that oil supply in USA grew by 3.7 mln barrels last week, well above the average f...
Iran’s 20-Year Outlook Plan envisions petrochemical output to reach 100 mln tons by 2015. In a bid to meet these targets, Iran plans construction of 46 new petrochemical complexes in next...
Ineos Phenol and Sinopec Yangzi Petrochemical are in the process of planning a JV to build and operate China’s largest phenol and acetone manufacturing site at the Nanjing Chemical Indust...
Compared to all previous versions in BASF’s high performance resin range, Ultrason KR 4113, a representative of the polyethersulfone product line (PESU), offers hitherto unique friction c...
According to market players in China, a couple of overseas producers have managed to conclude February deals for PP about US$100-150/ton higher from their January levels, as per Chemorbis...
A Middle Eastern producer announced a US$100-110/ton increase in January PE offers to Malaysia this week, vs their December offer levels, as per Chemorbis. This was in line with the marke...
Higher upstream costs and globally firm styrene markets have led to additional hikes in price of polystyrene (PS) over December levels, as per Chemorbis. December saw PS prices in Asia pe...
Indorama Ventures, the parent of Indorama Polymers, plans to raise US$347 mln in an initial public offering (IPO) on Thailand's stock exchange in the country's biggest IPO since 2006. The...
Saudi Arabia’s Nama Chemicals Co. has received a SR210 mln (US$56 mln) loan from the Saudi Industrial Development Fund to finance the expansion of its epoxy resins plant is for 8 years. ...
Low inventory levels amid soaring upstream costs have pushed up polyethylene offers by almost 10% in Europe. PE buyers in Europe are facing heavy pressure to pay higher prices in January ...
Domestic PP prices increased at the beginning of this week in Indonesia, with most sources attributing the rise in price to higher import offers, as per Chemorbis. Following the US$30/ton...
In Egypt, players reported that the overall LDPE and LLDPE c4 film availability in the local market has started to tighten leading to price increases as per Chemorbis. Locally held LLDPE ...
2010 has brought significant polymer price increases in SE Asia amid robust demand and outlook in China and strong upstream costs. Several buyers in the region were disappointed by the ri...
CRUDE OIL Crude oil ended the week of January 11, 2010 at US$81.9 on the Nymex , falling from a 15-month peak of US$83.9 during the week. Cru...
USA’s Gulf region, particularly the area surrounding Houston, is the core of USA’s petrochemical industry. A cold front that swept through this area on this week dropped Houston's tempera...
Venezuelan company Polimerica has awarded to French engineering company Technip, a reimbursable contract to perform the front end engineering design (FEED) for a 1.3 mln tpa ethylene plan...
Petrochina Jilin Petrochemical Company (Jilin) has awarded a contract to Lummus Technology for the license and process design of a grassroots ethylbenzene and styrene monomer (EB/SM) plan...
About 22 Asian crackers, with a combined capacity exceeding 13 mln tons are scheduled for routine maintenance shutdowns this year. Since a turnaround usually continues for 30-45 days, run...
India's February spot and term exports, as of this week, have exceeded 200,000 tons, including outstanding spot tenders from ONGC, Bharat Petroleum Corp and Reliance. Premiums are likely ...
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