+(91-22) 61772000 (25 Lines)
   |   GST ID : 27AAECS6989F1ZS
   |   CIN : U72200MH2000PTC125470

BLOGS - ALL PRODUCT NEWS

A complete elimination of single use plastics from 2022

On 30 Nov 2021 at 01:50 IST

After phasing out super thin single use plastics from October 1, the government is now working on strategies to eliminate ‘one-time use plastics’ entirely from the system. While replying to a question in the Lok Sabha, Ashwini Kumar Choubey, the Union........
Continue Reading...

Sinopec Guangzhou resumes production at No. 2 PP plant

On 30 Nov 2021 at 08:40 IST

Sinopec Guangzhou Petrochemical, has brought on-stream its No. 2 Polypropylene (PP) plant in Guangdong.A Polymerupdate source in China that, the company has recently restarted the plant following an unplanned outage. The plant was shut on November 20, 2021........
Continue Reading...

SM prices slip 15$ in Asia

On 30 Nov 2021 at 08:30 IST

SM prices dropped in Asia on Monday. The price fall was on the back of a sharp drop in upstream benzene rates. Reports of weaker regional buying sentiments further supported the price fall.FOB Korea SM prices were assessed at the USD 1010-1015/mt levels, a........
Continue Reading...

Global freight rates move up as Omicron Covid mutant poses risk to future traffic movement

On 29 Nov 2021 at 03:45 IST

After falling to their lowest in six months, the benchmark Baltic Dry Index which measures movement of the global dry bulk commodities and also freight rates, bounced back with a gain of over 16 per cent in less than 10 days amid fresh restrictions being........
Continue Reading...

QAPCO resumes production at LDPE unit

On 29 Nov 2021 at 08:40 IST

Qatar Petrochemical Co (QAPCO), has brought on-stream its Low-density polyethylene (LDPE) unit in Mesaieed Industrial City.A Polymerupdate source in Qatar informed that, the company resumed operations at the unit last week following a turnaround. The unit was........
Continue Reading...

Propylene prices slip 5-20$ in Asia

On 29 Nov 2021 at 08:30 IST

Last week, propylene prices declined in Asia. The price fall was a result of a steep drop in upstream crude and naphtha values. Reports of lacklustre buying sentiments and weaker downstream PP demand and pricing trends further pressured prices lower across........
Continue Reading...

Shaoxing Sanyuan to start maintenance at No. 2 PP unit

On 27 Nov 2021 at 08:40 IST

Shaoxing Sanyuan Petrochemical, is likely to take off-stream its No. 2 Polypropylene (PP) unit in Zhejiang. A Polymerupdate source in China informed that, the company is likely to halt operations at the unit........
Continue Reading...

Open spec naphtha prices drop in Asia on Thursday

On 26 Nov 2021 at 04:35 IST

Energy and feedstock news:Brent crude oil prices edged lower on Thursday as market participants await a response from the major oil producers to the U.S.-led oil release from their strategic petroleum reserves. Also, the Energy Information Administration's........
Continue Reading...

India’s polymer demand may rise 12.3 per cent this year on post Covid economic recovery

On 26 Nov 2021 at 03:55 IST

After almost two years of weaknesses, India’s polymer demand is likely to bounce back with a robust growth in the current financial year 2021-22 due to a sharp recovery in economic activity on account of a sustained fall in new coronavirus (Covid) cases in........
Continue Reading...

Shandong Yuhuang’s No. 2 SM plant shuts for maintenance

On 26 Nov 2021 at 08:40 IST

Shandong Yuhuang Chemical, has taken off-stream its No. 2 Styrene monomer (SM) plant.A Polymerupdate source in China informed that, the company halted operations at the plant on November 21, 2021 for maintenance. Further details on the duration of the........
Continue Reading...

SM prices slip in Asia

On 26 Nov 2021 at 08:30 IST

On Thursday, weaker upstream energy values and softer regional buying sentiments pulled SM prices lower in Asia. FOB Korea SM prices were assessed at the USD 1105-1110/mt levels, a drop of USD (-10/mt) from Wednesday’s assessed levels. CFR China SM prices........
Continue Reading...

Uzbekistan’s $2.5bn methanol-to-olefin gas-chemical complex to commence production in 2023

On 25 Nov 2021 at 02:55 IST

In order to provide the domestic industry with olefinic hydrocarbons, the government of Uzbekistan is setting up a methanol-to-olefin (MTO) based gas-chemical complex at an investment of $2.5 billion. The commercial production on this complex is likely to........
Continue Reading...

Reliance Industries to focus on gas-based olefins production

On 25 Nov 2021 at 12:05 IST

Advancing toward a net-zero carbon discharge, India’s largest private sector company, Reliance Industries Ltd, has announced its decision to implement a scheme of arrangement to transfer its gasification undertaking into a separate wholly-owned subsidiary........
Continue Reading...

Shanghai SECCO resumes production at SM plant

On 25 Nov 2021 at 08:40 IST

Shanghai SECCO, has restarted its Styrene monomer (SM) plant.A Polymerupdate source in China informed that, the company has recently resumed operations at the plant following a turnaround. The plant was shut for maintenance on November 19, 2021.Located at........
Continue Reading...

Ethylene prices quote lower in Asia

On 25 Nov 2021 at 08:30 IST

Despite stronger upstream crude and naphtha rates, Ethylene prices were assessed lower in Asia on Wednesday. The price fall was attributed to dull buying trends in the region and weaker downstream PE demand trends.CFR North East Asia ethylene prices were........
Continue Reading...

High cost of land and capital dissuades investments in the Indian petrochemicals sector

On 24 Nov 2021 at 05:20 IST

The Indian economy may have recovered from a coronavirus (Covid) pandemic drawdown or even started journeying on a better than pre-Covid performance, but impediments like exorbitant land prices, high electricity rates, unaffordable cost of finance and lofty........
Continue Reading...

Sinopec Guangzhou halts production at No. 2 PP unit

On 24 Nov 2021 at 08:40 IST

Sinopec Guangzhou Petrochemical, has undertaken an unplanned shutdown at its No. 2 Polypropylene (PP) unit.A Polymerupdate source in China informed that, the company halted operations at the unit on November 20, 2021 owing to power disruption. Further details........
Continue Reading...

MEG prices gain in Asia on Tuesday

On 24 Nov 2021 at 08:30 IST

MEG prices climbed higher in Asia on Tuesday. The price rise was prompted by improved regional buying sentiments and limited product availability. Stronger MEG futures on the Dalian Commodity Exchange in China further supported the price gain.CFR China prices........
Continue Reading...

US and allies to release 100-125 million barrels of crude to cool prices

On 23 Nov 2021 at 06:05 IST

After the Organisation of the Petroleum Export Countries (OPEC) plus countries turned down United States President Joe Biden’s recent request to increase crude oil supply in a bid to cool prices, the US and its partner countries have decided to release........
Continue Reading...

Consolidation looms in PVC pipes sector as SMEs feel the pinch of high input cost, quality norms

On 23 Nov 2021 at 03:35 IST

With the input cost inflation threatening the survival of thousands of unorganized sector players, India’s polyvinyl chloride (PVC) pipes sector is on the brink of consolidation. The government’s mandatory BIS (Bureau of Indian Standard) quality norms have........
Continue Reading...

Alternative fuels to evaporate India’s petrol demand by a third and diesel by 3 per cent by 2030: Crisil

On 23 Nov 2021 at 12:05 IST

India’s potential petrol demand is likely to decline by a third and diesel by 3 per cent by the end of 2030 due to increasing use of alternative green fuels including ethanol, electricity and compressed natural gas (CNG), finds a study from the rating agency........
Continue Reading...

Hebei Haiwei' PDH plant shuts for maintenance

On 23 Nov 2021 at 09:00 IST

Hebei Haiwei Group, has taken off-stream its propane dehydrogenation (PDH) plant. A Polymerupdate source in China informed that the company halted operations at the plant on November 21, 2021 for maintenance. The plant is slated to remain under maintenance........
Continue Reading...

SM prices slip 10$ in Asia

On 23 Nov 2021 at 08:30 IST

SM prices dropped in Asia on Monday. The price fall was on the back of weaker upstream crude and benzene rates.Reports of bearish regional buying sentiments further supported the price drop.FOB Korea SM prices were assessed at the USD 1115-1120/mt levels, a........
Continue Reading...

Reliance Industries launches premium fabric made of ocean-bound used PET bottles

On 22 Nov 2021 at 03:50 IST

Spearheading the adoption of circular economy concepts, Reliance Industries Ltd (RIL), India’s largest private sector company, has announced the launch of a high quality premium fabrics - R|Elan™ GreenGold Ecocean extracted from recycled polyethylene........
Continue Reading...

Reliance Industries to re-evaluate O2C stake sale to Saudi Aramco

On 22 Nov 2021 at 12:15 IST

India’s largest private sector company Reliance Industries Ltd (RIL) has announced withdrawal, of a proposal the company had put forth before the National Company Law Tribunal (NCLT), for spinning off its oil-to-chemical (O2C) segment from its mainstream oil........
Continue Reading...

SMI restarts Merak's SM unit

On 22 Nov 2021 at 08:40 IST

Styrindo Monomer Indonesia (SMI), has restarted its Styrene monomer (SM) unit.A Polymerupdate source in Indonesia informed that, the company has completed a maintenance turnaround operations at the unit last week. The unit for shut in mid-September,........
Continue Reading...

Propylene prices drift lower in Asia

On 22 Nov 2021 at 08:30 IST

Last week, propylene prices drifted lower in Asia. The price fall was attributed to sluggish demand trends in key markets like China. Weaker downstream PP demand and pricing trends further supported the price drop.On Friday, CFR China propylene prices were........
Continue Reading...

INEOS Nitriles resumes ACN production

On 20 Nov 2021 at 08:40 IST

INEOS Nitriles, has brought on-stream its Acrylonitrile (ACN) unit in Lima, Ohio.A Polymerupdate source in the US informed that, the company resumed operations at the unit in mid-November, 2021 following turnaround. The unit was shut for maintenance in........
Continue Reading...

Dow Chemical Company to reduce carbon footprint by 30 per cent by 2030

On 19 Nov 2021 at 01:50 IST

Stepping toward a goal of net-zero discharge, Michigan headquartered Dow Chemical Company (DCC) is working on a strategy to reduce carbon emission by 30 per cent from its base in 2005 by the end of 2030. To achieve this goal, the American multinational........
Continue Reading...

Ningbo Huatai resumes production at cracker

On 19 Nov 2021 at 08:40 IST

Ningbo Huatai Wealthy, has brought on-stream its cracker following an unplanned outage.A Polymerupdate source in China informed that, the company has recently resumed operations at the cracker. The cracker remained off-line for about 8-10 days.Located in........
Continue Reading...

Global News gives you an exhaustive picture of the breaking news related to global petrochemical and plastics industry to support your decision making process. The global news helps you unearth what's moving the market today so you can make timely decisions.

Global News provides coverage of the crude oil, naphtha and its downstream sectors polymers and with breaking news, polymer product news, plant updates and market commentary.

associate categories

Search here

Products