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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 may become dependent on petrochemicals import in the long run as it plans short term measures to curb over-capacity, as per Business Monitor International (BMI). In H1-09, ethylen...
A multi state effort to close a Midwest waterway prevent the invasive species Asian carp from reaching Lake Michigan, could hurt the US Economy, as per a business-lobby group. Michigan's ...
At an annual general body meeting, Gujarat State Federation of Cooperative Sugar Factories (GSCSF) has decided to use polypropylene bags for packing sugar. This decision was prompted by a...
African polymer producers are keen to return to early-2008 margin levels in 2010, and most are resolute that price rise is necessary to recoup losses. They continue to face several major ...
A trade agreement between Asia's third- and fourth-largest economies- India and South Korea will eliminate tariffs on 7,044 goods traded between the two countries with effect from Jan 1, ...
PTT Chemical PCL has delayed by two months, plans to shut for maintenance, its 461,000 tpa ethane cracker to February. Currently, the company is focused on trial runs at its new 1 mln tpa...
Crude oil for February delivery rose to US$79.85 a barrel on the Nymex. Rising for the seventh consecutive day, crude oil prices have increased to just below US$80/barrel, and seems set f...
Brazilian petrochemicals producer Braskem SA and Petroleo Brasileiro SA (Petrobas) could be close to the acquisition of Quattor Petroquimica SA. Braskem is likely to acquire 51% stake wit...
Asian polyvinyl chloride (PVC) prices are likely to remain firm at the start of next year due to high feedstock costs despite a seasonal lull in demand as per ICIS. Asian PVC prices have ...
Flexible packaging maker EMMBI Polyarns plans to raise Rs 45-crore through an initial share sale next month, the proceeds of which will be used to augment its production capacity. The com...
The US petrochemicals industry will emerge from recession leaner than before following a string of plant closures, but further closures may be in the offing as producers struggle with com...
Faced with a cash crunch, Kumho Asiana Group, one of the biggest conglomerates in South Korea, has decided to sell a controlling stake in its construction business to a state-owned bank f...
The year 2009 was an unexpectedly strong year for the chemical industry in Asia. A strong recovery in Chinese consumption resulted in record-high petrochemical and polymer imports coupled...
Oil prices have risen for the sixth consecutive day in Asia, rising past US$79 a barrel, but briefly traded lower after an American Petroleum Institute report of an increase in US invento...
Israel's largest oil refiner Oil Refineries Ltd. (ORL) has completed the acquisition of balance shares of Carmel Olefins. The companies have completed the transaction announced in October...
With effect from January 1, 2010, China and Southeast Asia will embark on a free trade agreement (FTA) that will rival the EU-North American FTA in terms of value and surpass those market...
In November, South Korea has posted a current-account surplus of US$4.3 bln for the tenth month, on increased exports of petrochemicals and semiconductors. The current account is the broa...
Naphtha prices in Asia have peaked to a four-week high as strong fundamentals continue to boost sentiments. Demand for polymers continues to be strong in China and has kept crackers in As...
Crude oil futures rose to US$78 per barrel on the Nymex on encouraging signs of an economic recovery, a cold wave and unrest in Russia and Iran. Climbing by over 75% this year so far, cru...
A firm start is expected for polyethylene in global markets amid persistently rising feedstock costs. Softer demand in Southeast Asia has been seen in the last few weeks of the year. This...
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