polypropylene
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 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...
Feb 19th, 2010
US Demand for Independently Compounded Resins to Grow 2.9% pa in 2013
US demand for independently compounded resins is forecast to grow 2.9% pa to 7.6 billion lbs in 2013 as per Reportlinker. Total value, including additives, fillers and other production costs, will reach US$14.6 bln. Further thermoplastic inroads at the expense of metal, wood and glass will necessitate higher performance characteristics and a more competitive cost...
Feb 16th, 2010
Styrene-Butadiene Rubber (SBR): 2010 World Market Outlook and Forecast Been Recently Released by MarketPublishers.com
LONDON – The worldwide growth levels of Styrene-Butadiene Rubber (SBR) are pegged at 2-3%/y. By 2015, SBR consumption is anticipated to reach around 5.8 M tones.
China is expected to drive much of SBR demand and will be the fastest-growing market during the forecast period. Currently, China is adding new Styrene-Butadiene Rubber production facilities in order...
Feb 5th, 2010
Polycarbonate 2010 World Market Outlook And Forecast Recently Added by MarketPublishers.com
LONDON - Global annual polycarbonate demand growth is forecast to slow to around 5% between 2009-2015, from historical growth rates of around 7-8%. Key optical data storage application will continue falling as it’s superseded by other data storage options, losing its leading position to the electronics/electrical sector.
Sharp growth in demand from Blu-ray players...
Dec 30th, 2009
Firm Start for Global Polyolefin Prices in 2010 with Bullish Feedstock Costs
A firm start is expected 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 on polymers. However,...
Jul 22nd, 2009
Saudi Petrochemical Companies are to Oppose the Anti-dumping Duties (ADD) that China Will Impose on Saudi Methanol Imports.
China may recommend imposing ADD on companies accused of dumping methanol onto the Chinese market. Some media sources have claimed that the dumping margins will range between 30% to 60% depending on the origin of the product.
Saudi Basic industries Corporation (SABIC) said that it is cooperating with the Saudi commerce ministry to solve the issue...
Jul 16th, 2009
Asia phenol/acetone makers mull output cut on margin squeeze
Asian phenol and acetone makers are keen on cutting production next month as recent spikes in costs of feedstock benzene and propylene have been eroding their margins, industry sources said on Thursday.
Operating rates at the plants would likely average 70-80% in August from near full capacity currently, the producers said.
Final decisions on production cutbacks would...
Jul 14th, 2009
Polypropylene Industry to 2015
The Asia Pacific region has more than ten million tons of planned capacity additions accounting for more than 50% of the global planned capacity additions until 2015, as per Global Markets Direct. The demand growth in rapidly developing economies of China and India are the reasons for the rapid capacity build up in the region....
Jul 9th, 2009
NatureWorks Doubles Ingeo Bioplastics Production Capacity; Considers New Plant in Asia
NatureWorks LLC, manufacturer of Ingeo™ PLA biopolymers from plants, have successfully installed and commissioned additional equipment allowing the facility to increase production from 70 metric tons to 140 metric tons (~ 300 million pounds) at its Blair, Nebraska, Ingeo manufacturing site. In late 2008, the plant inaugurated a new manufacturing supply process that further lowered...
Jul 9th, 2009
Indian Plastics Processing Industry Appeals Against ‘Unjust’ ADD Recommended on PP Imports
Indian plastics processing industry represented by several trade associations and bodies associated with plastics industry recently appealed to the Hon. Prime Minister, Dr. Manmohan Singh and Hon. Finance Minister, Shri. Pranab Mukherjee, not to implement the recently recommended anti-dumping duty on polypropylene (PP) imported from Saudi Arabia, Singapore and Oman into India. In a recently...
Jul 9th, 2009
Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia
CRUDE OIL
Bleak unemployment figures from USA and Europe have sunk oil prices to US$66/barrel. Weak jobs figures suggest tepid consumption that will dampen crude demand. A Labor Department report indicated 467,000 jobs were lost in June - a larger than expected drop that has pushed up unemployment rate to 9.5% at 26 year highs. Unemployment...
Jul 8th, 2009
Asian Propylene Rangebound Although Oil Prices Continue to Fall
Asia’s propylene FOB Korea price benchmark held steady for a third day at $982.50/mt Wednesday even as crude oil prices continued to fall for a fifth consecutive day.
The most competitive propylene offer was $1,000/mt FOB Korea for a 1,500 mt cargo to be loaded in August. Buying interest was at $970/mt FOB Korea
The protracted downturn...
Jul 8th, 2009
Saudi Cautions India of Possible Action Against Increased Tariffs on PP Exports
Saudi Arabia has warned India of possible action against India for levying upto 50% customs tariffs on its polypropylene exports. The resultant action could be similar to what the Kingdom plans against China after it introduced tariffs on Saudi Arabia’s petrochemical exports with the aim of protecting its own products.
Saudi Arabia has also urged the...
Jul 8th, 2009
Machino Polymers to Expand its Сapacity in India by 10,000 tpa
Machino Polymers plans to expand its Polypropylene compounding facility by 10,000 tpa from the current 40,000 tons with the setting up of two new units at Chennai and Pune. Machino expects to get its plant in Chennai operational by December 2009, while the Pune unit would be ready by Q2-10. The company is investing over...
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 22nd, 2009
China to Continue as Attractive Market for Polypropylene
Over the past decade, China has emerged as the principal manufacturing and export location for low value plastic products in the world due to low manufacturing costs and significant government support as per Global Markets Direct. Rapid increase in downstream processing capacity additions, primarily geared towards export markets, will be the main driver of polypropylene...
Jun 22nd, 2009
India Slaps Anti-dump Tax on Polypropylene Sales
India’s commerce ministry are to initiate anti-dumping taxes on polypropylene imports from Saudi Arabia, Oman and Singapore, claiming that they are selling the product at prices lower than production costs in the sub-continent.
Indian Reliance Industries and Haldia Petrochemicals filed an application before the Indian commerce and industry ministry for initiation of anti-dumping duty in February....