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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
Taiwan's Formosa plans to reduce operating rates at three of its naphtha crackers, through maintenance shutdowns, as the global economic slowdown pulls down demand and takes its toll on p...
Leading global producer of PET containers, Constar International Inc. announced that it has inked a four year PET packaging supply agreement with Pepsi. The agreement covers supply of bot...
Technip has been awarded a €45 mln contract by Sibur Neftehim (a subsidiary of Sibur Moscow Holding) for engineering and procurement to expand an ethylene plant in Kstovo, Russia. The pla...
Leading provider of flexible packaging solutions, Amcor Flexibles recently announced that it has entered into an agreement to sell its specialist plant AF Camvac in Thetford, United Kingd...
Swiss headquartered GF Piping Systems will make an investment of CHF (Swiss francs) 21 mln (EUR 13 mln) at its Schaffhausen, Switzerland location in order to expand distribution and produ...
As oil exploration reaches new water depths and extremes of temperature, there is a need to validate high performance materials for key functions. The recent MERL Oilfield Engineering wi...
Asian polypropylene demand that had come to a standstill before the week long Chinese national holidays, has failed to take off. PP market outlook continues to be pessimistic due to listl...
Crude oil for November delivery fell by 10% to US$77.70 a barrel on the New York Mercantile Exchange, the lowest settlement since Sept. 10, 2007. Brent crude oil for November settlement a...
As feedstock SM, ACN, butadiene prices continue to fall, they have brought down downstream ABS prices. CFR China ABS prices have dipped to US$1900 even as most sellers have quoted offers ...
BASF is adding a low molecular weight modified polymer to its range of active ingredients for liquid detergents. The new additive Luvipur® 10 enhances the detergent power of liquid deterg...
Unenthusiastic buying and lack of deal conclusion has kept outlook for PVC pessimistic in Asia in the week of October 13, 2008. Sellers, who have reduced CFR China offers for October ship...
A persistent fall has been witnessed in VCM prices to US$700/MT in Asia in the week of October 13, 2008, in line with falling input values, restrained demand from China and declining down...
A material belonging to the styrene plastic product line that has the property to kill microbes has been launched by BASF. Named Luran® S BX 13042, it is currently the only ASA (acrylonit...
MEG offers are being heard at US$740/MT in Asia this week, while buyers continue to scout for offers that lower by about 15 dollars. Prices being negotiated for spot MEG cargoes continue ...
Ethylene prices in Asia have sunk by almost US$190/MT in the week. Several factors are responsible for this collapse: Naphtha prices nose dived by about 30 dollars, as crude dipped by abo...
Deficient downstream demand in Asia coupled with mounting inventories have been responsible for pulling down propylene prices by over US$150/MT to US$900/MT FOB Korea. Buying interest con...
PetroChina has deferred start-up of its new 100,000 bpd crude distillation unit (CDU) and 1 mln tpa ethylene project at Dushanzi refinery situated in Xinjiang province to 2009. Both the p...
South Korea's largest ethylene maker, Yeochun Naphtha Cracking Centre (YNCC) has planned to curtail production rate by about 5-20% at its three naphtha crackers processing 1.8 mln tpa. An...
Saudi International Petrochemicals Company (Sipchem) Q3 profit increased 57% to SR137 million (US$36.5 mln) owing higher volume of sales and prices. The net income in the nine months to S...
Amidst the slump in Asian naphtha demand, 35,000 tons of India's naphtha will reportedly be delivered to the US. The naphtha which is set to load the West coast of India on Oct 18 is been...
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