polyethylene
Jul 2nd, 2010
Modern Polypropylene Packages Have High Technical Characteristics and Maximal Convenience in Use
With the global economy starting to recover in the second half of 2009, the polypropylene (PP) usage level will reach 2007 usage levels sometime in 2010. Global polypropylene usage growth will average 3.7% per year for the next five years.
Polypropylene industry is witnessing emergence of new PP companies, and the change of roles on the...
Mar 31st, 2010
BPI is Ranked as Europe’s Largest Polyethylene Film Extruder Producer
Leading industry consultants, AMI, has just published the eighth edition of its report on the Corporate performance and ownership among polyethylene film extruders in Europe. In the last edition, after 15 years at the top, British Polythene Industries, was pushed into second place in volume terms by the German group, RKW. For 2009 however, AMI...
Mar 19th, 2010
Another force majeure tightens PP prices in Europe
Technical issues have pushed INEOS to declare force majeure from its Grangemouth PP plant in the UK on 16 March. This has compounded an existing tight supply caused by shortage of propylene at LyondellBasell’s Carrington, UK, that prompted a force majeure on PP supply earlier in the week, as per ICIS. In addition to this,...
Feb 26th, 2010
Dow Europe Announces Price Increase for All Grades of Polyethylene
With effect from March 1, 2010, Dow Europe GmbH is announcing a price increase for polyethylene (PE) resins across the European, Middle Eastern, African and Indian regions, in an effort to recover its margins. Effective March 1, 2010, or as contract terms allow, Dow will increase prices for all grades of its low density polyethylene...
Feb 17th, 2010
Polypropylene Prices Rise in Europe this Month, but Buying Remains Limited
Polypropylene (PP) prices in Europe have increased this month, but buying has been limited to essential purchases, as there are still widespread expectations of a price drop in 2010, as per ICIS. Buyers are very cautious and buying on a hand-to-mouth basis. PP prices had risen by a minimum of US$116/ton at most accounts in...
Jan 11th, 2010
Evonik Increases Price for VESTOWAX
Evonik Industries’ Coatings & Additives Business Unit announces a price increase for all Fischer-Tropsch and polyethylene waxes marketed under the trade name of VESTOWAX® in Europe and the Middle East. The price rise will take effect from February 1, 2010 and will be between 6 and 8%, depending on the VESTOWAX® grade. This increase does...
Dec 29th, 2009
Polyethylene Prices to Have Firm Start in 2010 With Bullish Feedstock Costs
Majority of market players anticipate a firm start 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 is because of the impending implementation on January 1, of the ASEAN-6 free trade agreement, which will largely eliminate duties/tariffs...
Jul 13th, 2009
Polyethylene (LDPE, HDPE, LLDPE) - The European Polyethylene Market: Summer Trends 2009
The European polyethylene (LDPE, HDPE, LLDPE) market in summer 2009 was characterized by price rises (by an average of 10% or by €100/tonne), tight supply paralleled by fairly large exports, reduced operating rates coupled by a number plant operational failures (primarily, at Polimeri Europa’s PE facilities in Gela and Priolo, Italy).
Low density polyethylene price...
Jun 24th, 2009
Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia
CRUDE OIL
Crude oil prices dipped by over a dollar to US$71 per barrel in the week of June 22, 2009. Weak fuel demand despite data indicating a recovery in the global economy has kept crude oil pegged at US$71 per barrel. This marks a stop to four consecutive weeks of oil price hike. The weakening...
Jun 22nd, 2009
China Will Be the Principal Driver of Polyethylene Demand Till 2020
The Chinese polyethylene market size was US$$13,865 million in 2008 and is forecast to grow by more than 8%, accounting for nearly 17% of the global polyethylene demand in 2020 as per Global Markets Direct. China has emerged as the principal manufacturing and export location for low value plastic products in the world due to...
Jun 17th, 2009
Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia
CRUDE OIL
In the week of June 15, 2009, crude oil prices have risen to new highs for the year to US$72.5, as compared to levels below US$35 in March. Interestingly, though oil prices have been rising for a month now, many analysts believe that the current oil valuation is not based on economic reality, but...
Jun 12th, 2009
Petrochemical Firms Hiking Prices
Petrochemical companies are raising product prices in the face of rising crude oil prices, at a time when automakers and other users are struggling with falling demand amid a recession, industry officials said Thursday.
Companies affiliated with Mitsui Chemicals Inc and Mitsubishi Chemical Corp will raise prices of polyethylene and polypropylene by more than 20 yen...
Jun 10th, 2009
Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia
CRUDE OIL
At the end of the week of June 8, 2009, crude futures have retreated to US$68, after surging past US$70 midweek- to 6 month highs after release of a report indicating better-than-expected improvement in US jobs scenario. The latest employment report is an indication of the improving health of the US economy. The loss...
May 27th, 2009
Rise in China’s Polyolefins Imports May Not be Due to Stimulus
The rise in Chinese demand for imported polyolefins in the first half of the year may be primarily due to a temporary shift away from material produced by the country’s domestic plastics recycling industry, rather than the new subsidies and stimulus package implemented by the government in a bid to boost the economy, a source...
May 25th, 2009
Borouge’s to Strategically Invest in China and the Middle East; Expects High…
In spite of the current global downturn, Borouge — a joint venture between the Abu Dhabi National Oil Company (ADNOC) and Borealis — is continuing with its major investment plans in China, and elsewhere in the Middle East and Asia. Borouge is currently tripling its polyolefins manufacturing capacity to 2 mln tpa by 2010 under...
May 21st, 2009
Leading Plastics Solutions Provider Plans Major Expansion into China
Borouge, a leading provider of innovative, value creating plastics solutions, is gearing up its operations to support its customers all over China with major investments here and in Singapore and the Middle East. Borouge is a joint venture between the Abu Dhabi National Oil Company (ADNOC) and Borealis, a leading provider of chemical and innovative...
May 20th, 2009
Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia
CRUDE OIL
Crude oil settled at US$59 at the end of the week of May 18, 2009, as Nigerian militants threatened to block waterways used for energy exports and an explosion and fire affected production at Sunoco Inc. refinery. Mid week, prices dipped as the US Labor Department reported that new jobless claims rose to a...
May 19th, 2009
JAPAN’S SEKISUI PLASTICS POSTPONES AUTO PLASTIC EXPANSION PLANS
JSekisui Plastics Co. (TSE:4228) is shelving plans for about a year to increase production of a plastic used in the floors and bumpers of automobiles due to production cuts by automakers.
The midsize chemical firm had intended to boost production capacity for a special material that it makes by blending polyethylene and polystyrene.
Its Shiga plant...
May 4th, 2009
ExxonMobil Shuts Singapore Chemical Plant Units for Turnaround
ExxonMobil has shut several petrochemical units at its Singapore Chemical Plant on Sunday for scheduled maintenance, the company said.
The turnaround is expected to last about eight weeks, the company said in a statement, but did not specify which units of the SCP were shut.
The SCP is integrated with the US company’s 605,000 b/d refinery at...