HDPE

Mar 10th, 2010

Recycling of non-bottle rigid plastics in USA

The American Chemistry Council recently released the 2008 report on the collection and recycling of post-consumer non-bottle rigid plastics across the United States. The report, found that in 2008, over 361 million lbs of post-consumer rigid plastics were collected for recycling nationwide, an increase of nearly 11% from 2007. Also, in North American markets, much...

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...

Jul 1st, 2009

Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia

CRUDE OIL For the second consecutive week, crude oil prices have finished in the red, settling below US$70 in the week of June 29, 2009. Light sweet crude oil for August delivery settled at US$69.1, down by over one dollar for the week amid rough trading. The Energy Information Administration data indicated a 3.8 mln barrel...

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 19th, 2009

India Petrochemical Industry to Fare Better than Competitors

The Indian polyolefins market is expected to slow in Q2 ‘09 and Q3 ‘09 due to a decline in demand from industrial consumers, while some proposed projects have been thrown into doubt as financing difficulties and a deteriorating market environment have hit the petrochemicals industry, according to BMI’s latest India Petrochemicals Report. The completion of Reliance...

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 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...

Apr 21st, 2009

Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia

NAPHTHA As crude oil prices dip below the US$50 mark, and downstream markets soften, naphtha prices in Asia have dipped to US$450/MT in the week of April 20, 2009. Dipping by over ten dollars, open-spec naphtha ended the week at US$450/MT CNF Japan for H2 May delivery. ETHYLENE Ethylene prices dropped to US$690/MT in Asia in the...

Apr 14th, 2009

Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia

CRUDE OIL Crude oil prices witnessed a very marginal dip of 20-30 cents a barrel in the week of April 13, 2009. Benchmark crude for May delivery that dropped at the beginning of the week, spiked by almost 2 dollars to US$51.4 on the Nymex, while Brent prices spiked to US$53 on the ICE Futures exchange....

Apr 9th, 2009

Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia

CRUDE OIL May delivery crude oil prices ended the week of April 6, 2009 at US$52.6 on the Nymex. Brent crude also ended at similar levels, rising as world leaders announced measures to fight the global recession at the G20 meet in London. The leaders at G20 pledged over US$1 trillion in emergency aid mitigate the...

Apr 1st, 2009

Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia

CRUDE OIL At the end of the week of March 30, 2009, New York’s main futures contract, light sweet crude for delivery in May dipped by over a dollar to US$51.25 a barrel, while Brent North Sea crude fell to US$51. Oil futures have dipped on concerns of short-term performance of the equity markets, as US...

Mar 31st, 2009

Dow Raises PE Resin Prices for Europe and Middle East

Dow Europe has announced a price increase across the European, Middle Eastern, African and Indian regions for PE resins, based on the accumulated costs for raw materials that the company is experiencing and the need to restore its margins. Effective 1 April, or as contract terms allow, Dow Europe will increase prices by €80 per tonne...

Mar 30th, 2009

Ineos Licenses Polyethylene Process in India

Ineos Technologies has reached agreement with Brahmaputra Cracker and Polymer Limited (BCPL) to license the Innovene G process for the manufacture of polyethylene in a plant to be built at Lepetkata, Assam, in north east India. The plant will have a production capacity of 220,000 tpa in a single gas phase reactor. It will be capable...

Mar 27th, 2009

INEOS Wins LL/HDPE Technology Licence Contract in India

INEOS Technologies has reached agreement with Brahmaputra Cracker and Polymer Limited (BCPL) to license the InnoveneTM G process for the manufacture of polyethylene in a plant to be built at Lepetkata, District Dibrugarh, Assam in north east India. The plant will have a production capacity of 220,000 tpa in a single gas phase reactor. It...

Mar 25th, 2009

Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia

CRUDE OIL US light, sweet crude prices that surged by 7% on Thursday, saw a marginal dip to end the week of March 23, 2009 at US$51. The dip was triggered by yo-yoing stock markets and expiry of April contract. Oil prices that rose on Thursday after the Fed announced its plan to buy long-term government...

Mar 19th, 2009

New HDPE and MDPE Plant Licenses INEOS Technology

INEOS Technologies has licensed its ‘Innovene S Process’ for the manufacture of HDPE and MDPE to China Petrochemical International Company Limited for use at Sinopec Wuhan Company in Wuhan, China. The 300-ktpa plant will produce a full range of Ziegler-Natta and Chrome monomodal and bi-modal products. It is part of a major petrochemical expansion of Sinopec’s...

Mar 17th, 2009

Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia for t…

NAPHTHA As crude oil prices lingered in the high 40’s, naphtha prices in Asia also continue on their uptrend in the week of March 16, 2009. Open-spec naphtha for H2-April delivery closed at US$410/MT CNF Japan. ETHYLENE In the week of March 16, 2009, Taiwan’s Formosa Petrochemical Corp will resume operation of its No.1 naphtha unit after...

Mar 11th, 2009

Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia for t…

CRUDE OIL Benchmark crude for April delivery ended the week of March 9, 2009 at US$43.74 a barrel by midday in Singapore on the Nymex, despite news of bleak corporate performance. The rise can be attributed mainly to investor optimism that falling US gasoline could result in an increase in demand for crude oil. Currently,...

Mar 4th, 2009

Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia for t…

CRUDE OIL Oil prices ended the week on a lower note in Asia, after rallying by almost 30% in the week of March 2, 2009, on signs of improving US crude demand. Crude for April dipped to settle at US$44.6 a barrel in Singapore on the Nymex. Market indicators imply that a drop in US...

Feb 26th, 2009

Price trends of oil, polymer feedstock and commodity polymers in Asia for t…

CRUDE OIL Crude oil prices have risen by over a dollar to end the week of February 23, 2009 at US$39 a barrel. Earlier in the week, prices moved up marginally on release of data in a weekly report indicating an unexpected decrease in inventory levels in USA. Crude prices ended the week on news...