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Asian propylene prices slip further by weak demand

Unenthusiastic buying due to sufficient inventories with the buyers and subdued downstream demand has plunged propylene prices in Asia by about fifty dollars to US$1600/MT FOB levels. Des...

31-Jul-08

PVC imports fall by 19% in H1-08 in China, expected to fall further

China imported approx 425,000 tons of Polyvinyl chloride (PVC) in the first six months of 2008, representing a 19% drop in PVC imports for the corresponding period last year. China's tota...

31-Jul-08

Has Styrene Monomer market hit rock bottom in Asia?

Buyers' interest has not been evoked and no enquiries heard even as sellers offered Styrene Monomer for second half August delivery in the spot market at US$1600/MT FOB Korea levels. Abse...

31-Jul-08

Oil prices slacken marginally as the market awaits US inventory report

Oil prices have slackened in Asian trading as global markets await the weekly US inventory report expected to continue to show a demand slowdown in the US and augmenting concerns of slack...

30-Jul-08

Higher petrochem margins and increased value of traded gas help GAIL attain 31% rise in net profits

Owing to increased margins in the petrochemicals and increase in volumes of gas transported, Gas Authority of India (GAIL) reported an unexpected 31% rise to reach Rs. 897 crore in Q1 of ...

30-Jul-08

Altamira in Mexico to house new LyondellBasell's PP compounding plant

LyondellBasell Industries, one of the world's largest polymers, petrochemicals, fuel companies and global leader in polyolefins have announced the establishment of a 30,000 tpa year compo...

30-Jul-08

Rising input costs and recession in the economy to dent US packaging industry

The US packaging industry is likely to face a rough road ahead towards the end of 2008. The major factors leading to this situation are the record hgh raw material costs, recession in the...

30-Jul-08

Low-Chlorine content Fortron® PPS for electrical and electronic applications

Ticona Engineering Polymers, the world's largest supplier of linear polyphenylene sulfide (PPS), has announced a new grade of Fortron® PPS that reduces the amount of chlorine contained in...

30-Jul-08

SABIC IP announces FM on ABS in North America, Taiwan's FCFC running at 50%

Under pressures of feedstock shortage, SABIC Innovative Plastics has declared force majeure (FM) on ABS and SBR products in North America. Compelled by prolonged tight supply from butadie...

30-Jul-08

Lotte Daesan 300,000 tpa polypropylene plant comes onstream at Daesan

Production of on-spec polypropylene has commenced at Lotte Daesan's new plant, that was supplied with propylene for the first time on July 15. Commercial operations at the new 300,000 tpa...

30-Jul-08

As naphtha prices plunge Asian ethylene makers mull output increase

Naphtha prices have plunged by over hundred dollars in a couple of weeks. From record highs of US$$1245/ton on July 4, naphtha is now trading below US$1100/ton CFR Japan. With this fall i...

30-Jul-08

PetroChina Sichuan Selects Dow and Aker Solutions for PP Project in China

PetroChina Sichuan Petrochemical Co., Ltd. (PetroChina Sichuan) has selected UNIPOL™ Polypropylene Process Technology from Dow Technology Licensing for its new 450,000 tpa polypropylene f...

30-Jul-08

ACN plants across the globe cut production rates

Propylene price hike has claimed another victim- Cytec Industries has slashed production rates by 25% at its 227,250 tpa Fortier plant in Louisiana. Cytec has exited out of the spot marke...

30-Jul-08

Sinopec's 8 mln tpa petrochemical project at Hainan comes onstream

China Petroleum & Chemical Corporation (Sinopec) has commenced commercial operation of the 8 mln tpa Hainan Petrochemical refining project. The plant is expected to produce 5 million tons...

30-Jul-08

Dollar gains as oil prices head south, on positive economic news

Oil prices, which hit record highs above US$147 dollars a barrel earlier this month, tumbled several dollars to US$122. As oil prices continue to decline and economic news coming in is be...

30-Jul-08

Linhuan Coking Co selects LyondellBasell aromatics extraction license

Linhuan Coking Company has selected LyondellBasell's Aromatics Extraction process for a new 80,000 tpa plant to be built at Huaibei, Anhui Province, China. Start up is scheduled for 2009....

30-Jul-08

Foster Wheeler awarded contract for Grassroots Refinery and Petrochemicals Complex in Vietnam

Foster Wheeler Ltd. announced on July 28 that its UK-headquartered subsidiary Foster Wheeler Energy Limited, part of its Global Engineering and Construction Group, has been awarded a cont...

30-Jul-08

New Laboratory helps recyclers cope with pressure to identify polymer types and understand additive content

Manchester-based recycler Axion has set up a laboratory in response to the Waste Framework Directive and REACH (Registration, Evaluation, Authorisation and Restriction of Chemical substan...

30-Jul-08

2 naphtha cargoes traded by BPCL at a high premium despite feeble market sentiment

Out of the four naphtha cargoes (108,000 tons), Bharat Petroleum Corp Ltd (BPCL) has traded two of them totaling to 54,000 metric tons at a relatively high premium despite feeble market s...

30-Jul-08

Plastics Valley to be developed in Saudi Arabia

With an aim to position KAEC Plastics Valley as a global center of excellence in the plastics sector, Emaar, The Economic City (Emaar.E.C) developing King Abdullah Economic City (KAEC) ha...

30-Jul-08