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 […]
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Author: Анастасия
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 […]
Nine productions of heavy polymers will be introduced in Russia until 2030
“We expect that by 2030 will be introduced nine more facilities for the production of heavy polymers. This will allow to create about 7 million jobs. The total investment will amount to more than 2.2 trillion rubles. This will allow to increase production of heavy polymers and overcome them import dependence,” said the Minister. According […]
Styrene prices shift direction amidst bearish expectations in Europe
Spot prices for styrene climbed by around $30/ton on an FOB NWE basis at the end of last week. Higher spot levels were attributed to better demand from the downstream PS and ABS markets rather than an upward movement in energy costs which registered some decreases over the past couple of days. In addition, spot […]
Denka will stop the styrene plant in Japan for prevention
It is planned that preventive measures at this facility with a capacity of 270 thousand tons of styrene per year will begin in the first quarter of 2016. Currently the timing of maintenance is not yet specified. In December 2014, DuPont, the American chemical giant, has sold its division of Neoprene (polychloroprene), a Japanese company, […]