polyolefin
Mar 12th, 2010
Russia’s planned large-scale petrochemical to target the Chinese market
Based on Russia’s plentiful feedstock resources, petrochemical major Sibur is studying the construction of large-scale petrochemical and polymer production as per ICIS. Since domestic demand is limited, the projects would be export-oriented, targeting China primarily. But building the necessary pipelines to transport the feedstock across huge distances to the cracker locations will be a mammoth...
Mar 3rd, 2010
Japan’s ethylene industry reconfigures
Just as Europe and North America have been forced to grapple with the new supply realities of the Middle East and China’s rapid polyolefin supply buildout, Japan’s petrochemical industry is also coping with wholly new trade dynamics. Tetsu Wakabayashi, president of Sumitomo Chemical America, told attendees of the Society of Plastics Engineers (SPE) International Polyolefins...
Jan 5th, 2010
India’s Petrochemical Sector Set for Higher Growth
India is all set to become a major consumer and producer of plastics products as output is set to accelerate in the coming years with capacity expansion and rise in percapita consumption, according to Business Monitor International.
In its latest India Petrochemicals Report, however pointed out that an expected slowdown in foreign investment inflows could cause...
Dec 22nd, 2009
Limited Options for Petrochem Makers in SE Asia to Defer or Block the Implementation of Zero-tariff
Petrochemical producers in Southeast Asia have limited legal options to defer or block the implementation of a zero-tariff regime that will take effect next year, as per ICIS.
It was earlier reported that Singapore, Indonesia, Malaysia, the Philippines, Thailand and Brunei are the six members of the Association of South East Nations (ASEAN) that agreed, under...
Dec 17th, 2009
Polyethylenes Weaken in Asia
Price of all polyethylenes has softened in Asia this week on lackluster trading. Market movement has been slow on preparation of accounts during end of year; and on hand-to-mouth buying in many countries. Singapore, Indonesia, Malaysia, the Philippines, Thailand and Brunei, under a free trade pact, get ready to remove import duty for a range...
Dec 16th, 2009
Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia
CRUDE OIL
Crude oil prices fell below the US$70/barrel mark in the week of December 14, 2009 as the American dollar continued to strengthen and on concerns over high inventory levels and lacklustre demand. Monday morning saw crude oil futures dipped by over a dollar in Asia on fresh concerns of weak supply-demand fundamentals that are...
Dec 15th, 2009
As They Prepare for Zero Tariff Within the Region, SE Asia’s Resins Makers Hope for a Deferral
Singapore, Indonesia, Malaysia, the Philippines, Thailand and Brunei are the six members of the Association of South East Nations (ASEAN) that agreed, under a free trade pact to remove import duty for a range of products, including polyolefins, starting 2010. South East Asia’s plastic resins makers are readying for the enforcement of a zero tariff...
Dec 8th, 2009
The Middle East to Become a Leader in Polyolefins Market According to the Latest Research by Merchant Research & Consulting, Ltd
LONDON-Global polyolefins market did not manage to avoid the influence of the crisis, broken down in the second half of 2008. The polyolefins markets (low density polyethylene (LDPE), linear low density polyethylene (LLDPE), high density polyethylene (HDPE), polypropylene (PP)) that demonstrated impressive growth in previous years showed signs of decline in the second half of...
Dec 3rd, 2009
Global Demand for Thermoplastic Elastomers to Rise by 6% pa Through 2013
Global TPE demand will rise by 6% pa through 2013 reaching 4.2 mln tons as per a report by Freedonia. China will make up 42% of new demand. Excluding China, TPE sales will remain concentrated in the developed markets of the US, Western Europe and Japan, especially for higher performance materials such as TPVs and...
Oct 14th, 2009
Weak demand, new capacity to push Asian polyolefins under $1000/tonne by year end
Some players in the Asian polyolefin market are holding out hope that much of the stagnation in activity and decline in prices will subside once China’s week-long National Day holidays cease. Global resin and petrochemical pricing consultant, Polymerupdate, in conversation with Asia-based petrochemical analysts, found that while many think buying momentum in the region will...
Dec 1st, 2008
Russian PE exports hit record level in October
Polyethylene imports in Russia scaled new heights in the month of October, despite the estimated decline in domestic demand. PE imports in October increased by about 50% as compared to figures of September. Also, imports decreased 10% compared to the same month last year. As per unipack.ru quoting Market Report Company, PE imports moved at...
Nov 28th, 2008
Chevron Phillips Chemical Debuts New Low-Chlorine PPS
In anticipation of low halogen content standards for the electronics industry, Chevron Phillips Chemical Company LP’s (Chevron Phillips Chemical) Engineering Polymers group has introduced two new Ryton® polyphenylene sulfide (PPS) resin grades with chlorine content of less than 900 parts per million.
Ryton® R-4-280 is a 40 percent glass-filled PPS, offering electronics and electrical component...
Nov 28th, 2008
Japanese chemicals and petrochemicals industry currently in a restructuring phase
The Japanese chemicals and petrochemicals industry is currently in a restructuring phase as per a report by companiesandmarkets.com. Japanese companies benefit from the proximity of a large market in China. Major chemical companies are now stepping up efforts to reduce their reliance on naphtha as higher crude oil prices have increased the price of this...
Nov 26th, 2008
Japanese chemicals and petrochemicals industry currently in a restructuring…
The Japanese chemicals and petrochemicals industry is currently in a restructuring phase as per a report by companiesandmarkets.com. Japanese companies benefit from the proximity of a large market in China. Major chemical companies are now stepping up efforts to reduce their reliance on naphtha as higher crude oil prices have increased the price of this...
Nov 26th, 2008
Malaysian petrochemicals sector has been growing at an impressive pace
The Malaysian petrochemicals sector has been growing at an impressive pace as per a report by companiesandmarkets.com. The government’s investor-friendly policies and easy availability of feedstock have been chiefly responsible for this growth.
The country is also strategically located and boasts strong physical infrastructure. About 39 companies are in operation in the nation’s petrochemicals industry. Major...
Oct 22nd, 2008
Successful Energy Management Through Customised Solutions
MUNICH — As energy costs rise inexorably, they are increasingly becoming an important economic factor for the plastics processing industry. Long-term competitiveness can only be secured by rendering production more energy efficient. The goal must therefore be to maximise productivity while minimising power consumption. For this reason, KraussMaffei has now initiated a company-wide energy-efficency drive...
Oct 22nd, 2008
China rebate hikes fail to lift petchem blues
China’s recent export tax rebate hikes covering a variety of goods have generally failed to lift the mood of the petrochemicals market, said traders, producers and end-users on Wednesday.
“Impact? What impact?” a Shanghai-based trader said in Mandarin.
“If the export markets are in good health like they were in the past, the increase in export...
Oct 21st, 2008
Piber Produces Stronger Packaging Containers Faster with Bormod™ from Borealis
Italian food packaging specialist Piber Group is using Bormod™ BJ368MO from Borealis, a leading provider of innovative, value creating plastics solutions, for the production of a range of injection moulded tubs for yellow fats and margarines. The company uses the same material for ice-cream tubs and lids. Bormod BJ368MO was selected by Piber Group for...
Oct 9th, 2008
LyondellBasell Launches New-Generation PE Adhesive Resin used in Steel Pipe External Coatings
ROTTERDAM, Netherlands — LyondellBasell Industries has launched a new polyethylene adhesive resin that addresses customer needs in the rapidly-expanding pipe coatings industry. The new resin, Lucalen G3710E, is used as an adhesive layer in three-layer coating applications between fusion bonded epoxy resins and an HDPE top coat material.
The new adhesive resin features improved coating properties...
Oct 3rd, 2008
ExxonMobil Chemical’s Exxtral Performance Polyolefins Specified for Interiors of New Citroen Berlingo and Peugeot Partner
HOUSTON — ExxonMobil Chemical’s Exxtral™ performance polyolefins have been specified for four interior components of the new Citroen Berlingo and Peugeot Partner manufactured by PSA Peugeot Citroen Group. The components include the instrument panel, door panel, and upper and lower trim.
PSA Peugeot Citroen Group is the first automotive original equipment manufacturer (OEM) to specify ExxonMobil...