Negotiations on the July prices of European PP began in the current Monday. Many market participants have concluded that the majority of manufacturers have come at a more significant price decline in the current month than the reduction of the price of the monomer. The week of the transaction relative to the August supply of […]
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Year: 2016
Plant “Neftekhim” since the beginning of 2015 has made 12 thousand tons of granulated polypropylene
“With the launch of the plant granulation plant capacity has increased from 30 thousand to 80 thousand tons of polypropylene per year”, – said General Director of LLP “Company Neftekhim LTD” Yerlan KOSANOV, whose words are included in the message. According to the DBK, the construction of the granulation plant transformer substation was the second […]
PTT Global Chemical stopped petrochemical complex No. 2 due to technical problems
This complex was closed on 29 July of the current year along with the installation of the reforming process and installation for the fractionation of condensate. It is expected that the repair work on this petrochemical site with a capacity of 655 thousand tons of paraxylene and 355 thousand tons of benzene per year will […]
Pipe HDPE fell for Ukrainian consumers
On the background of a significant fall in prices of oil suppliers in the middle East polyethylene (PE) announced a significant price reduction for August shipments to the markets of CIS countries. The talks began this week, and many market participants reported that the prices were lowered by an average of USD100 per tonne compared […]
Rates to points in South-East Asia continue to fall
Since the middle of may, when prices reached its upper limit, the value of the Homo-polymer PP in the region of South-East Asia fell to $214/ton. A trader based in Vietnam, said they do not plan to make new purchases, despite receiving lower sentences in Indian and middle Eastern PP: “We think that prices will […]
Raw materials for the production of packages rose in Russia by 40% and became a deficit
Amid currency fluctuations to the raw material suppliers more profitable to export their products, and manufacturers of plastic products are forced to stop production. The last six months of HDPE in granules, which produces packaging, garbage bags and shopping bags-t-shirts, cost about 89-95 rubles per kg, but in July the price had jumped to 130 […]
World plastics Council will meet in China
The meeting will take place on 20 October in Yuyao, China, with the participation of heads of the leading producers of raw materials, said the representative of the American chemical Council Allison Wilson. At the same time will be held the 26th annual world conference on plastics and sustainable development, an annual meeting of heads […]
“Gazprom Neftekhim Salavat” has resumed the production of LDPE
GNS Tuesday 28th July resumed production of high-pressure polyethylene after the scheduled stop for maintenance work. According to the company’s clients, capacity LDPE prevention were stopped on the 24th of June. They also added that the 24th July were stopped for a month for preventive maintenance of production capacity of high-density polyethylene (HDPE). As noted […]
In January – may 2015 the imports of polyethylene in Belarus grew by 2.5%
According to the National Bureau of statistics of the Republic of Belarus, in may exports of polyethylene in the Republic of Belarus has been reduced to 8.5 thousand tons compared to 8.9 thousand tons a month earlier due to the reduction in the supply of high-density polyethylene (HDPE). Overall, in January – may this year, […]
Bearish PP outlook persists for August in China
Source: ChemO rbis Price IndexChina is foreseen to become self-sufficient by the year 2017 thanks to recently added coal-based PP capacities. Since last year, the country saw approximately 4 million tons/year capacity while nearly another 3 million tons/year is on its way. A trader said that they are seeking to export some coal based PP to […]