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BLOGS - ALL PRODUCT NEWS

Ethylene and propylene prices fell sharply in Asia last week

On 23 May 2022 at 05:17 IST

Energy news:Crude oil prices gained on Friday with the US dollar pressured lower by a fall back in US Treasury yields. Brent crude prices rose by 51 cents settling at $112.55 per barrel while WTI futures increased by USD 1.02 settling at $113.23 per barrel.-........
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India sets up a 7-member task force to recommend ways to cut the import of chemicals and petrochemicals

On 23 May 2022 at 04:17 IST

In a bid to reduce India’s reliance on imported chemicals and petrochemicals and make the country ‘atmanirbhar’ in this segment, the Central government has set up a seven-member joint task group under the chairmanship of Srivari Chandrashekhar, Secretary,........
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Chemplast Sanmar to commence commercial production at paste PVC plant next year

On 23 May 2022 at 10:12 IST

India’s leading manufacturer of polyvinyl chloride (PVC) resins, fluorochemicals, and piping systems, Chemplast Sanmar Ltd (CSL), is planning to commence commercial production at its paste PVC manufacturing facility in Cuddalore, Tamil Nadu, the next........
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Lotte Chemical likely to resume operations at PP unit

On 23 May 2022 at 08:40 IST

Lotte Chemical is in plans to bring onstream its Polypropylene (PP) unit in Yeosu.A Polymerupdate source in South Korea informed a team member, “Operations at the plant are expected to restart on June 6, 2022. The unit was shut for a maintenance turnaround on........
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Ethylene prices slip in Asia

On 23 May 2022 at 08:30 IST

Last week, ethylene prices plunged in Asia.An industry source in Asia requesting to remain unidentified informed a Polymerupdate team member, “Ethylene prices dropped sharply in Asia. The price fall was prompted by persistent weaker regional buying sentiments........
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S-Oil Corp undertakes unplanned shutdown at PP unit

On 21 May 2022 at 08:40 IST

S-Oil Corp has shut its Polypropylene (PP) unit owing to blast.A Polymerupdate source in South Korea informed a team member, “ that the company halted operations at the unit on May 19, 2022. Further details on the duration of the shutdown could not be........
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Demand for circular polymers surges on effective government regulations, large corporate pledges

On 20 May 2022 at 02:48 IST

With most global fast-moving consumer goods (FMCG) companies committing to meet up to 50 percent of their packaging material needs through recycled materials by 2025, the demand for circular polymers increased significantly in the last few years and gained........
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FREP halts production at No.1 LLDPE unit

On 20 May 2022 at 08:40 IST

Fujian Refining & Petrochemical (FREP) has taken offstream its No. 1 Linear low density polyethylene (LLDPE) unit in Quanzhou.A Polymerupdate source in China informed a team member, “the unit was shut recently for a maintenance turnaround. Further details on........
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Ethylene prices drop sharply in Asia

On 20 May 2022 at 08:30 IST

Weaker upstream crude and naphtha values pushed ethylene prices sharply down in Asia, on Thursday.An industry source in Asia informed a Polymerupdate team member, “Demand trends continued to remain bearish in the region.”CFR North East Asia ethylene prices........
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Energy scarce Europe faces polymer supply hurdle, uncertainty looms on regional geopolitical tensions, and China’s exports headwinds

On 19 May 2022 at 03:32 IST

Triggered by a sharp disruption in energy supply from Russia, polymer availability in Europe has declined severely in the last six weeks due to lower domestic output and reduced exports from China. Since Russia began the military offensive on Ukraine on........
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Ningbo Kingfa resumes production at PDH plant

On 19 May 2022 at 08:40 IST

Ningbo Kingfa Advanced Materials has restarted its propane dehydrogenation (PDH) plant in Zhejiang.A Polymerupdate source in China informed that, the company recently resumed operations at the plant following a turnaround. The plant was shut for maintenance........
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Propylene prices decline in Asia

On 19 May 2022 at 08:30 IST

On Wednesday, despite firmer upstream crude values, propylene prices were assessed lower in Asia.An industry source in Asia while requesting to remain unidentified informed a Polymerupdate team member, “Buying sentiments were reported to be dull in the Asian........
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Malaysia’s Petronas Chemicals to acquire Perstorp Holding of Sweden at a consideration of US$2.4-bn

On 18 May 2022 at 06:05 IST

Malaysia’s Petronas Chemicals Group, a subsidiary of the government-owned oil and gas firm Petroliam Nasional Berhad (Petronas) has signed a Securities Purchase Agreement to acquire Swedish Specialty chemicals company Perstorp Holding in a deal value of euro........
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Japan’s DIC Corporation sets up a Greenfield coating resins manufacturing facility in India

On 18 May 2022 at 01:51 IST

Tokyo-headquartered Japanese chemical company DIC Corporation is planning to set up a Greenfield coating resins production facility in the Ahmednagar district of Maharashtra, India. Under the banner of its existing wholly-owned subsidiary Ideal Chemi Plast........
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SM prices edge higher in Asia

On 18 May 2022 at 08:30 IST

On Tuesday, SM prices witnessed gains in Asia.An industry source in Asia on condition of anonymity informed a Polymerupdate team member, “Firmer upstream crude and benzene values helped SM sellers raise their prices higher across Asia.”FOB Korea SM prices........
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India’s WPI accelerates to hit the highest ever in April

On 17 May 2022 at 04:53 IST

India’s inflation based on the Wholesale Price Index (WPI) jumped to hit the highest ever at 15.08 percent in April 2022 due to a sharp acceleration in the prices of all products, with fuel and power witnessing the sharpest increase. According to data........
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India to create 10MnT petrochemical production capacity with Rs 100,213-cr Capex in four-five years

On 17 May 2022 at 02:55 IST

In a bid to increase the domestic supply of polymers, Indian corporates have lined up a Rs 100,213 crore investment to create 10 million tonnes of additional petrochemical production capacity in the next four-five years. While HPCL-Mittal Energy Ltd (HMEL)........
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Sinopec-SK resumes production at No. 4 PP plant

On 17 May 2022 at 08:40 IST

Sinopec-SK Wuhan Petrochemical has brought onstream its No. 4 Polypropylene (PP) plant in Hubei.A Polymerupdate source in China informed that the company has recently resumed operations at the plant following a brief turnaround. The plant was shut on May 6,........
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SM prices quote stable in Asia

On 17 May 2022 at 08:30 IST

On Monday, SM prices were assessed steady in Asia. An industry source in Asia informed a Polymerupdate team member, “Buying sentiments were reported to be quiet in the Asian market on account of public holidays.”FOB Korea SM prices were assessed at the USD........
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Ethylene and propylene prices drop in Asia last week

On 16 May 2022 at 05:17 IST

Energy news:Crude oil prices surged last Friday on assurances by government officials that lockdown restrictions would be gradually eased in Shanghai which has been under a 7-week lockdown. Prices were also pushed higher owing to a fall in the value of the US........
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Masdar inks pact with NPCC for renewable energy opportunities in the UAE

On 16 May 2022 at 05:06 IST

Masdar, an Abu Dhabi-based renewable energy company, signed a preliminary agreement with the National Petroleum Construction Company (NPCC), a subsidiary of the National Marine Dredging Company, to collaborate on offshore green hydrogen, wind, and other........
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Zhong Tian resumes production at No. 2 LDPE plant

On 16 May 2022 at 08:40 IST

Zhong Tian He Chuang Energy Company has brought onstream its No.2 Low-density polyethylene (LDPE) plant in Ordos City.A Polymerupdate source in China informed that the company has recently resumed operations at the unit. The unit was shut for maintenance on........
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Ethylene prices decline in Asia

On 16 May 2022 at 08:30 IST

Last week, ethylene prices dropped in Asia.An industry source in Asia requesting to remain unidentified informed a Polymerupdate team member, “The price fall was in line with poor demand trends coupled with sufficient product availability.” On Friday, CFR........
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Crude oil prices end mixed on Thursday

On 13 May 2022 at 05:17 IST

Energy and Feedstock news:Crude oil prices ended mixed on Thursday with the Organization of Petroleum Exporting Countries (OPEC) lowering its forecast for global oil demand and economic growth and Russia imposing sanctions on energy firms. Brent crude prices........
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India’s PVC resin industry faces inter-market shift challenge

On 13 May 2022 at 03:23 IST

When the going gets tough, the tough get going. This famous American proverb written decades ago fits accurately with the polyvinyl chloride (PVC) resin sector in India today. A recent report by the Chemicals and Petrochemicals Manufacturers’ Association........
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PTTGC's No. 2 LLDPE unit shuts for maintenance

On 13 May 2022 at 08:35 IST

PTT Global Chemical (PTTGC) has taken off-stream its No.2 linear low density polyethylene (LLDPE) unit at Map Ta Phut.A Polymerupdate source in Thailand informed that the company has recently halted operations at the unit for maintenance. Further details on........
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Propylene prices decline in Asia

On 13 May 2022 at 08:30 IST

On Thursday, despite firmer upstream energy values, propylene prices were assessed lower in Asia. An industry source in Asia while requesting to remain unidentified informed a Polymerupdate team member, “Buying sentiments were reported to be quiet in key........
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Crude oil prices rise in Asia on Wednesday

On 12 May 2022 at 05:05 IST

Energy news:Crude oil prices rose on Wednesday as data released by the Energy Information Administration signalled a decline in US gasoline and distillate inventories and a fall in the value of the US dollar. Brent crude prices rose by USD 5.05 settling at........
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US inflation eases in April but continues to pose an escalation threat amid supply concerns

On 12 May 2022 at 01:47 IST

The retail inflation measured by the Consumer Price Index (CPI) in the United States posted a marginal decline in April after a sustained rise for several months. It had hit a 40-year high in March, indicating that prices of consumer goods may have........
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Lihe New Material resumes production at PP unit

On 12 May 2022 at 08:40 IST

Lihe New Material and Technology has brought onstream its Polypropylene (PP) unit in Cangzhou.A Polymerupdate source in China informed a team member, “The company has recently resumed operations at the unit. The unit was shut on April 4, 2022 owing to........
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