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BLOGS - ALL PRODUCT NEWS

SM prices quote higher in Asia on Monday

On 14 Jul 2020 at 08:30 IST

SM prices were assessed higher in Asia on Monday. The price rise was on the back of stronger upstream crude values last Friday and gains recorded benzene feedstock rates.FOB Korea SM prices were assessed higher at the USD 660/mt levels, a gain of USD 5/mt........
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Sinopec SABIC Tianjin resumes production at cracker

On 14 Jul 2020 at 08:20 IST

Sinopec SABIC Tianjin Petrochemical, has brought on-stream its naphtha cracker following a turnaround.A Polymerupdate source in China informed that, the company resumed operations at the cracker July 12, 2020. The cracker was shut for maintenance on May 9,........
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Crude oil prices climb higher last Friday

On 13 Jul 2020 at 17:23 IST

Let's start with energy and feedstock news:Crude oil prices climbed higher on Friday, as the International Energy Agency (IEA) raised its demand forecast for 2020. Also, the Baker Hughes' report of a fall in the number of oil and gas rigs, further supported........
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Butadiene prices march higher in Asia

On 13 Jul 2020 at 08:30 IST

Last week, high upstream costs and stronger buying sentiments in key markets like China, pushed butadiene prices higher in Asia.On Friday, FOB Korea prices of butadiene were also assessed at the USD 355/mt, a sharp week on week gain of USD 25/mt.CFR South........
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Dongguan Grand starts turnaround at PDH plant

On 13 Jul 2020 at 08:20 IST

Dongguan Grand Resource Science and Tech has shut its propane dehydrogenation (PDH) plant for maintenance.A Polymerupdate source in China informed that the company has started maintenance at the plant in early-July, 2020. The plant is expected to remain........
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PT Asahimas resumes production at No.2 VCM unit

On 11 Jul 2020 at 09:00 IST

PT Asahimas, has brought on-stream its No. 2 VCM unit following a turnaround.A Polymerupdate source in Indonesia informed that, the company resumed operations at the unit in July 9, 2020. The unit was shut for maintenance on May 19, 2020.Located at Cilegon in........
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Ethylene prices plunge in Asia

On 11 Jul 2020 at 08:30 IST

Ethylene prices witnessed a steep drop in Asia. The sharp price fall was attributed to a week on week drop in upstream crude values coupled with weaker regional demand trends.Reports of plentiful product availability in the region, further supported the price........
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Crude oil prices plunge on Thursday

On 10 Jul 2020 at 17:15 IST

Let's start with energy and feedstock news:Crude oil prices plunged on Thursday, on the back of rising US crude oil inventories and a surge in the number of pandemic cases globally, indicating the oil demand to remain weak in the near future. Also, the........
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Mitsubishi Chemical completes turnaround at Kashima cracker

On 10 Jul 2020 at 08:40 IST

Mitsubishi Chemical, has restarted its naphtha cracker following a planned outage. A Polymerupdate source in Japan informed that, the company resumed operations at the cracker on July 7, 2020. The cracker was shut for maintenance on May 9, 2020. Located at........
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Ethylene prices tumble in Asia on Thursday

On 10 Jul 2020 at 08:30 IST

Ethylene prices witnessed a steep drop in Asia on Thursday. The sharp price fall supported by bearish demand trends in key markets like China coupled with ample product availability.CFR North East Asia ethylene prices were assessed down at the USD 805/mt........
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Crude oil prices climb higher on Wednesday

On 09 Jul 2020 at 17:20 IST

Let's start with energy and feedstock news:Crude oil prices gained on Wednesday, on indications of recovery in gasoline consumption in the United States and a weekly fall in gasoline supplies as reported by the EIA on Wednesday. Brent futures gained by 21........
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Sinopec Shanghai resumes production at HDPE unit

On 09 Jul 2020 at 08:40 IST

Sinopec Shanghai Petrochemical, has restarted its high density polyethylene (HDPE) unit in Shanghai.A Polymerupdate source in China informed that, the company resumed operations at the unit on July 8, 2020. The unit was shut for brief maintenance on June 30,........
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Propylene prices climb in Asia on Wednesday

On 09 Jul 2020 at 08:30 IST

On Wednesday, propylene prices climbed higher in Asia. The price rise was supported by stronger demand trends in major markets like China coupled with limited product availability.FOB Korea propylene prices were up at the USD 770/mt levels, a rise of USD........
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HDPE, LDPE and LLDPE prices gain in Asia.

On 08 Jul 2020 at 16:10 IST

Let's start with energy news:Crude oil prices declined on Tuesday amid concerns of a spike in the number of new pandemic cases globally, specifically in the United States, which is most likely to hamper and stall the recovery in demand for fuel. Brent crude........
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Yanlian Petrochemical resumes production at No. 1 PP unit

On 08 Jul 2020 at 08:40 IST

Yanlian Petrochemical, has restarted its No. 1 Polypropylene (PP) unit following an unplanned outage. A Polymerupdate source in China informed that, the company resumed operations at the unit on July 2, 2020. The unit was shut on March 23, 2020 owing to........
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Ethylene prices drift lower in Asia on Tuesday

On 08 Jul 2020 at 08:30 IST

Despite stronger upstream naphtha values, Ethylene prices drifted lower in Asia on Tuesday. The price fall was supported by improved regional product availability. CFR South East Asia prices were down at the USD 775/mt levels, a sharp fall of USD 25/mt from........
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Open spec Naphtha prices march higher on Monday.

On 07 Jul 2020 at 16:35 IST

Let's start with energy news:Crude futures displayed a mixed undertone on Monday. Brent futures rose, on the back of limited supply from the oil producers and positive economic global data. WTI futures slipped, on concerns that a surge in the number of........
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Government appointed committee recommends moving of LG Polymers plant in Vizag

On 07 Jul 2020 at 11:05 IST

A Polymerupdate reporter this morning filed a story regarding a committee recommendation to move the LG Polymers plant in Vizag.The reporter in his story said, “ a committee appointed by the Indian government, was given the task to investigate the deadly gas........
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CPC Corp resumes production at No 4. cracker

On 07 Jul 2020 at 08:45 IST

CPC Corp, has brought on-stream its No 4 cracker following an unplanned shutdown.A Polymerupdate source in Taiwan informed that, the company resumed operations at the cracker on July 5, 2020. The cracker was shut on July 2, 2020 following a fire reported near........
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SM prices quote higher in Asia on Monday

On 07 Jul 2020 at 08:30 IST

SM prices were assessed higher in Asia on Monday. The price rise was on the back of stronger upstream energy and benzene values, coupled with a lift in regional demand trends.CFR China SM prices were assessed at the USD 690/mt levels, up USD 5/mt from last........
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Propylene prices march higher in Asia last week.

On 06 Jul 2020 at 16:35 IST

Let's start with energy and feedstock news:Crude oil prices slipped on Friday, following a surge in the number of positive pandemic cases globally, rekindling fears of weak crude oil demand. Brent futures declined by 34 settling at $42.80 per barrel, while........
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Orthoxylene (OX) prices decline in Asia

On 06 Jul 2020 at 08:30 IST

Last week, despite high feedstock isomer MX rates, OX prices declined in Asia. Reports of poor regional demand trends, forced OX sellers to reduce their prices lower across the Asian regions.FOB Korea prices of OX were assessed at the USD 515/mt levels, while........
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Pertamina reports unplanned outage at PP unit

On 06 Jul 2020 at 08:20 IST

Pertamina, has taken off-stream its Polypropylene (PP) unit for an unspecified reason.A Polymerupdate source in Indonesia informed that, the company has undertaken an unplanned shutdown at the unit on June 26, 2020. The unit is expected to remain shut for........
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CPC Corp's No 4. cracker likely to resume production

On 04 Jul 2020 at 08:40 IST

CPC Corp, is in plans to bring on-stream its No 4 cracker following an unplanned shutdown.A Polymerupdate source in Taiwan informed that, the company is likely to resume operations at the cracker early next week. The cracker was shut on July 2, 2020 following........
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SM prices bolster higher in Asia

On 04 Jul 2020 at 08:30 IST

This week, SM prices gained sharply in Asia. Prices firmed, on the back of a sharp week on week gain in upstream energy values, coupled with stronger regional demand trends. FOB Korea SM prices were up at the USD 660/mt levels, a spike of USD 35/mt from last........
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RIL's Jio Platforms attracts 12th big ticket investment in 11 weeks

On 03 Jul 2020 at 09:45 IST

A Polymerupdate editorial team member this morning filed a report regarding yet another big-ticket investment in Jio Platforms, the digital unit of Reliance Industries Ltd (RIL).The report stated that US semiconductor giant Intel Corp would invest Rs 1,894.5........
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Ningxia Baofeng Energy shuts MTO unit for maintenance

On 03 Jul 2020 at 08:40 IST

Ningxia Baofeng Energy, has taken off-stream its (methanol-to-olefins) MTO unit for a maintenance turnaround.A Polymerupdate source in China informed that, the company halted operations at the unit on July 1, 2020. The unit is likely to remain shut till........
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Propylene prices witness a rise in Asia

On 03 Jul 2020 at 08:30 IST

On Thursday, propylene prices climbed higher in Asia. The price rise was supported by stronger upstream crude and naphtha values, coupled with bullish regional demand trends.Reports of tight product avails in the region, further pushed prices higher in........
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Fujian Refining starts turnaround at No. 1 PP unit

On 02 Jul 2020 at 08:40 IST

Fujian Refining & Petrochemical (FREP), has undertaken a planned shutdown at its No. 1 Polypropylene (PP) unit.A Polymerupdate source in China informed that, the company has started maintenance at the unit on July 1, 2020. The unit is likely to remain........
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SM prices witness a rise in Asia on Wednesday

On 02 Jul 2020 at 08:30 IST

SM prices gained in Asia on Wednesday. The price rise was prompted by stronger upstream energy and benzene values.FOB Korea SM prices were assessed at the USD 650/mt levels, a day on day rise of USD 10/mt. CFR China SM prices were assessed at the USD 680/mt........
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