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

BLOGS - ALL PRODUCT NEWS

US plastics industry forecasts a turnaround in 2021 after a marginal decline in 2020

On 27 Sep 2021 at 05:05 IST

After a marginal decline in 2020, the plastics industry in the United States is forecast to see a turnaround with a 2 per cent growth in the calendar year 2021.According to the annual report titled ‘Size and Impact Report’ published by the Plastics Industry........
Continue Reading...

Qatar Vinyl to shut VCM plant for maintenance

On 27 Sep 2021 at 10:10 IST

Qatar Vinyl Company (QVC), is likely to take off-stream its Vinyl chloride monomer (VCM) plant.A Polymerupdate source in Qatar informed that, the company has planned to halt operations at the plant for maintenance by early-October, 2021. The plant is expected........
Continue Reading...

MEG prices climb in Asia

On 27 Sep 2021 at 08:30 IST

Last week, MEG prices witnessed a rise in Asia. Prices firmed, mainly on account of bullish ethylene feedstock rates and improved buying sentiments in the region.Reports of limited product avails and stronger MEG futures on the Dalian Commodity Exchange in........
Continue Reading...

Lotte Chemical starts turnaround at PET plant in Ulsan

On 25 Sep 2021 at 08:45 IST

Lotte Chemical, has taken off-stream its Polyethylene Terephthalate (PET) plant for maintenance.A Polymerupdate source in South Korea informed that, the company halted operations at the plant on September 24, 2021. Further details on duration of shutdown........
Continue Reading...

PVC pipes manufacturers up in arms with govt over mandatory ISI mark levy

On 24 Sep 2021 at 04:35 IST

Irked by the mandatory implementation of the ISI (the Indian Standard Institute) mark, which includes thousands of production units in unorganized sector, polyvinyl chloride (PVC) pipes manufacturers have decided to drag the government to court, challenging........
Continue Reading...

LG Chem eyes turnaround at Daesan cracker

On 24 Sep 2021 at 08:40 IST

LG Chem, is likely to undertake a planned shutdown at its cracker in Daesan.A Polymerupdate source in South Korea informed that the company has scheduled to start maintenance turnaround at the cracker by end-September, 2021. The cracker is slated to remain........
Continue Reading...

SM prices drift lower in Asia

On 24 Sep 2021 at 08:30 IST

On Thursday, SM prices slipped in Asia. The price fall was attributed to bearish regional buying sentiments and a drop in upstream benzene values.FOB Korea SM prices were assessed at the USD 1185-1190/mt levels, a day on day fall of USD (-25/mt). CFR China SM........
Continue Reading...

RIL inks pact with CSIR-NCL to make useful products from Covid-19 PPE waste

On 23 Sep 2021 at 05:45 IST

Reliance Industries (RIL), one of the largest private sector corporations in India, has joined hands with CSIR-National Chemical Laboratory (CSIR-NCL), a research, development and consulting organization, to manufacture useful moulded plastic components from........
Continue Reading...

BIS quality norms on raw materials to hit circular economy hard in India

On 23 Sep 2021 at 11:50 IST

The implementation of the Bureau of Indian Standard (BIS) norms on raw materials is likely to hit India’s recycling business and eventually destabilise efforts to shift from a linear to a circular economy. It may also force shut down more than 5000 processing........
Continue Reading...

North Huajin resumes PP production

On 23 Sep 2021 at 08:40 IST

North Huajin Chemical Industry, has brought on-stream its Polypropylene (PP) plant in Panjin.A Polymerupdate source in China informed that, the company resumed operations at the plant on September 22, 2021. The unit was shut for maintenance on September 11,........
Continue Reading...

SM prices rise in Asia

On 23 Sep 2021 at 08:30 IST

On Wednesday, SM prices climbed higher in Asia. The price gain was supported by firmer upstream crude values and gains recorded in benzene feedstock rates. FOB Korea SM prices were assessed at the USD 1210-1215/mt levels, a rise of USD (+10/mt) from Tuesday's........
Continue Reading...

Evergrande payment default to weaken polymer prices in short term

On 22 Sep 2021 at 04:10 IST

The ‘unavoidable’ Evergrande payment default is likely to pull down spot polymer prices in China and the South East Asian (SEA) region in the near to short term, due to a mounting fear of a decline in consumption of finished products and disturbances in their........
Continue Reading...

Haldia Petrochemicals plans $30-bn capex, to set up three petrochem complexes

On 22 Sep 2021 at 02:35 IST

Haldia Petrochemicals Ltd (HPL), one of India’s largest petrochemical companies with a total production capacity of 700,000 tonnes, plans to set up three petrochemical complexes each in Kakinada (Andhra Pradesh), Balasore (Odisha) and Cuddalore (Tamil Nadu)........
Continue Reading...

MEG prices edge higher in Asia on Tuesday

On 22 Sep 2021 at 08:30 IST

MEG prices climbed higher in Asia on Tuesday. The price rise was prompted by stronger upstream energy and ethylene values.Reports of limited product availability further contributed to the price gain.CFR China prices of MEG were assessed at the USD 720-725/mt........
Continue Reading...

Commerce ministry directs BIS to defer quality implementation on polyethylene, suggests wider industry consultation

On 21 Sep 2021 at 03:20 IST

The Commerce Ministry has directed the Bureau of Indian Standard (BIS) to defer mandatory implementation of the quality norms on polyethylene and convene wider industry consultations for fair government regulations to benefit both domestic players as well as........
Continue Reading...

BIS quality need for HDPE sugar bags to add to inflationary pressures

On 21 Sep 2021 at 02:32 IST

Inflation worry for consumers is likely to worsen in the coming months with the Bureau of Indian Standard (BIS) making quality norms for high density polyethylene (HDPE) bags mandatory for packaging sugar.The BIS in a recent notification added sugar bags in........
Continue Reading...

Shintech resumes production at PVC unit

On 21 Sep 2021 at 09:45 IST

Shintech, has brought on-stream its Polyvinyl chloride (PVC) unit at Louisiana.A Polymerupdate source in the U.S. informed that, the company recently resumed operations at the plant following an unplanned outage. The plant was shut in end-August, 2021 owing........
Continue Reading...

SM prices plunge in Asia

On 21 Sep 2021 at 08:30 IST

SM prices tumbled in Asia on Monday. The steep price fall was prompted by bearish upstream crude and benzene feedstock rates.Reports of weaker regional buying sentiments further supported the price drop. FOB Korea SM prices were assessed at the USD........
Continue Reading...

Evergrande bankruptcy fear casts a shadow on world olefins demand

On 20 Sep 2021 at 05:10 IST

Inflation worry for consumers is likely to worsen in the coming months with the Bureau of Indian Standard (BIS) making quality norms for high density polyethylene (HDPE) bags mandatory for packaging sugar.The BIS in a recent notification added sugar bags in........
Continue Reading...

Ethylene and Propylene prices climb in Asia last week

On 20 Sep 2021 at 02:45 IST

Energy and feedstock news:Crude oil prices dropped last Friday on reports of Russia's plans to boost their oil exports. Also, rising pandemic cases globally inciting fears of a slowdown in demand for oil and fuel and the strengthening of the US dollar further........
Continue Reading...

Panic grips plastic processors as BIS delays clarity over quality implementation norms

On 20 Sep 2021 at 10:10 IST

India’s plastics processors are gripped with panic due to uncertainties over the date in mandatory implementation of the BIS (Bureau of Indian Standard) quality norms. Many processors have stopped placing new orders for polymer imports amid fear of hurdles in........
Continue Reading...

INEOS Olefins plans turnaround at Norway cracker

On 20 Sep 2021 at 08:40 IST

INEOS Olefins and Polymers, is likely to take off-stream its cracker in Rafnes.A Polymerupdate source in Norway informed that, the company has planned to halt operations at the cracker for turnaround in the month of March - May 2022. The exact date and........
Continue Reading...

Ethylene prices gain in Asia

On 20 Sep 2021 at 08:30 IST

Last week, ethylene prices climbed higher in Asia. The price rise was on the back of a sharp week on week gain in upstream crude and naphtha values.Reports of continued tight product avails further contributed to the price rise.On Friday, CFR North East Asia........
Continue Reading...

Esenttia restarts PP plant

On 17 Sep 2021 at 08:40 IST

Esenttia, has brought on-stream its Polypropylene (PP) plant following a turnaround.A Polymerupdate source in Colombia informed that, the company resumed operations at the plant on September 16, 2021. The plant was shut for maintenance on August 29,........
Continue Reading...

Ethylene prices climb in parts of Asia

On 17 Sep 2021 at 08:30 IST

Ethylene prices gained in some parts of Asia on Thursday. CFR North East Asia ethylene prices were assessed at the USD 1110-1115/mt levels, a day on day increase of USD (+20/mt). The price rise was supported by continued tight product availability and........
Continue Reading...

A production-linked incentive scheme for polymer industry soon (REFILE)

On 16 Sep 2021 at 06:27 IST

Stepping ahead to make India ‘Aatmanirbhar’ (self-reliant) in polymer production, the government is considering introducing a Production-Linked Incentive scheme.Informed sourced said that detailed deliberations on PLI scheme for polymer industry took place........
Continue Reading...

CP Chem undertakes unplanned shutdown at Sweeny cracker

On 16 Sep 2021 at 08:40 IST

Chevron Phillips Chemical (CP Chem), has undertaken an emergency shutdown at its cracker owing to Hurricane Nicholas.A Polymerupdate source in the US, informed that, the company halted operations at the cracker on September 14, 2021. Further details on........
Continue Reading...

MEG prices edge higher in Asia

On 16 Sep 2021 at 08:30 IST

MEG prices inched higher in Asia on Wednesday. The price rise was triggered by stronger regional demand trends and higher ethylene feedstock values. Reports of limited product avails further supported the price gain.CFR China prices of MEG were assessed at........
Continue Reading...

CMA CGM and Hapag-Lloyd halt spot freight rates increase, may bring in respite by year-end

On 15 Sep 2021 at 05:35 IST

In a major indication for a softness in the burgeoning global freight rates, two of the world’s largest shipping companies – CMA CGM and Hapag-Lloyd – have announced freezing of spot freight rates on most routes. These shipping companies, however, will........
Continue Reading...

Rising natural gas consumption indicates a revival in post-Covid industrial activities

On 15 Sep 2021 at 05:05 IST

Indicating a revival in industrial activities, natural gas consumption in the Organisation for Economic Co-operation and Development (OECD) region jumped by 4 per cent in June 2021, showed a report published on Tuesday by the International Energy Agency........
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