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On 29 Jun 2022 at 05:34
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Driven by a phenomenal boost in exports, Vietnam’s economy grew by 7.72 percent in April-June 2022 quarter which records the sharpest quarterly growth in 12 years. The South-East Asian country’s gross domestic product (GDP) growth in the second quarter of the........
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On 29 Jun 2022 at 02:40
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The refining margins of India’s largest private sector oil refiner Reliance Industries Ltd (RIL) are likely to jump by 2.6-fold in the current financial year due to a sharp increase in the import of discounted crude oil from the sanction-hit Russia. In its........
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On 29 Jun 2022 at 08:30
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On Tuesday, SM prices witnessed gains in Asia.An industry source in Asia on condition of anonymity informed a Polymerupdate team member, “Bullish market conditions pushed SM prices higher across Asia.”On Tuesday, FOB Korea SM prices were assessed at the USD........
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On 28 Jun 2022 at 06:11
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For effective implementation of the ban on single-use plastic from July 1, 2022, the government of India is planning to set up national and state-level control rooms for checking illegal dealing in the banned plastic products. Also, the government has sought........
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On 28 Jun 2022 at 04:03
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Most polymers prices might have reported a steep decline in the last four months, but a further sharp slide at least in the near future is unlikely due to expectations of a resurgence in pent-up demand from China, post opening up of the country’s economy from........
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On 28 Jun 2022 at 08:40
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PetroChina Jilin Petrochemical has restarted its linear low density polyethylene (LLDPE) unit.A Polymerupdate source in China informed a team member, “The unit was recently brought onstream. The unit was shut for maintenance on June 9, 2022.”Located at Jilin........
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On 28 Jun 2022 at 08:30
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On Monday, SM prices marched higher in Asia.An industry source in Asia informed a Polymerupdate team member, “Prices gained on the back of bullish upstream crude and naphtha values.”On Monday, FOB Korea SM prices were assessed at the USD 1355-1365/mt levels,........
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On 27 Jun 2022 at 05:25
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Government-owned explorer and producer of natural gas GAIL (India) Ltd has chalked out Rs 30,000 crore capital expenditure (capex) for the development of pipelines, petrochemicals, city gas distribution (CGD), operational capex, and also entry into the........
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On 27 Jun 2022 at 01:05
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Global investors have flocked together to pump in a fresh US$2,400 billion in the energy sector value chain in the calendar year 2022, a rise of 8 percent from the previous year’s US$ 2,220 billion, data compiled by the global energy monitoring body the........
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On 27 Jun 2022 at 08:40
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Lotte Chemical has brought onstream its cracker in Yeosu.A Polymerupdate source in South Korea informed a team member, “Operations at the cracker were recently restarted following a turnaround. The cracker was shut for maintenance on May 9, 2022.”Located at........
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On 27 Jun 2022 at 08:30
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Last week, propylene prices declined across the Asian region. An industry source in Asia on condition of anonymity informed a Polymerupdate team member, “The price fall was on the back of ample product availability and sluggish regional buying sentiments.”........
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On 25 Jun 2022 at 08:40
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CNOOC and Shell Petrochemicals (CSPC) has brought onstream its No. 1 Polypropylene (PP) unit in Guangdong.A Polymerupdate source in China informed a team member, “The company has recently resumed operations at the unit. The unit was shut for maintenance on........
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On 24 Jun 2022 at 05:40
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The implementation of the ban on single-use plastic (SUP) items from July 1 is likely to pull down India’s fossil fuel-based polymer demand as processors have started shifting to biodegradable or compostable alternatives by upgrading plants and machinery. The........
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On 24 Jun 2022 at 12:35
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Ludwigshafen (Germany)-headquartered multinational chemical company BASF SE has agreed to provide green hydrogen purification technologies - Puristar RO-20 and Sorbead Adsorption Technology – to British multinational oil and gas company Shell Plc. BASF, a........
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On 24 Jun 2022 at 08:40
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Mitsubishi Chemical is likely to bring onstream its olefins conversion unit (OCU) unit in Kashima.A Polymerupdate source in Japan informed a team member, “The unit is expected to be restarted by the company by end July, 2022. It was shut for maintenance in........
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On 24 Jun 2022 at 08:30
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Ethylene prices quoted lower in Asia, on Thursday.An industry source in Asia on condition of anonymity informed a Polymerupdate team member, “The price fall has been attributed to weaker crude values and sluggish market trends in the Asian region.”On........
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On 23 Jun 2022 at 01:40
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Stepping ahead with effective implementation of the ban on single-use plastic (SUP) items, the government of India has started tightening loopholes gradually. With its implementation date drawing closer, concerned authorities and ministries have started........
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On 23 Jun 2022 at 08:40
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Haiwei Group has restarted its propane dehydrogenation (PDH) plant.A Polymerupdate source in China informed a team member, “The company recently resumed operations at the plant. The plant was shut for maintenance on June 19, 2022.”Located at Hebei in China,........
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On 23 Jun 2022 at 08:30
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On Wednesday, propylene prices were assessed lower in Asia.An industry source in Asia on condition of anonymity informed a Polymerupdate team member, “Weaker crude and naphtha values pushed prices down in the Asian region.”On Wednesday, FOB Korea propylene........
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On 22 Jun 2022 at 06:02
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In a bid to ensure a complete supply disruption of raw materials to the manufacturers of the banned single-use plastic (SUP) products, India's the Central Pollution Control Board (CPCB) under the Ministry of Environment, Forest and Climate Change (MoEF&CC),........
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On 22 Jun 2022 at 05:17
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Energy news:Crude oil prices gained on Tuesday on expectations that global energy markets are likely to face volatility for a fairly longer timeframe. The rise in prices was also driven by a fall in the value of the US dollar. Brent crude prices rose by 52........
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On 22 Jun 2022 at 03:25
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Revolutionizing the flexible packaging film industry further, Texas (United States)-headquartered Exxon Mobil Corporation (ExxonMobil) has introduced metallocene linear low-density polyethylene (mLLDPE) high-performance flexible films for packaging,........
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On 22 Jun 2022 at 10:12
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In a major shift in strategy, polyvinyl chloride (PVC) pipes and fittings manufacturers in India have halted inventory building of both raw materials and finished products amid expectations of a further fall in PVC prices and a slowdown in demand from the........
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On 22 Jun 2022 at 08:40
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Sinopec Shanghai Petrochemical has shut its fluid catalytic cracker (FCC) unit.A Polymerupdate source in China informed a team member, “The unit was taken offstream on June 18, 2022. Further details on the duration of the shutdown could not be........
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On 22 Jun 2022 at 08:30
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On Tuesday, stronger crude values pushed ethylene prices higher in North East Asia.An industry source in Asia while requesting to remain unidentified informed a Polymerupdate team member, “Soft buying trends were reported in parts of Asia.”On Tuesday, CFR........
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On 21 Jun 2022 at 05:17
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Energy news:Brent crude oil prices gained on Monday on the back of a fall in the value of the US dollar. Brent crude prices rose by USD 1.01 settling at $114.13 per barrel.- On Monday, open spec naphtha prices declined sharply by USD 28/mt at USD 811/MT CFR........
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On 21 Jun 2022 at 01:26
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Diversifying towards the production of environment-friendly polymers, Leverkusen (Germany)-headquartered Covestro AG has signed a tripartite cooperation agreement with South Korean petrochemical major SK Geo Centric and Finland-based engineering service........
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On 21 Jun 2022 at 08:40
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ExxonMobil has restarted its No. 1 cracker in Singapore.A Polymerupdate source in Singapore informed a team member, “Operations at the plant restarted resumed recently. The cracker has been under a shutdown since April 26, 2022 due to weak margins.”Located at........
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On 21 Jun 2022 at 08:30
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On Monday, SM prices dropped in Asia.An industry source in Asia informed a Polymerupdate team member, “Prices fell on the back of weaker upstream crude and naphtha values.”On Monday, FOB Korea SM prices were assessed at the USD 1400-1410/mt levels, a drop of........
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On 20 Jun 2022 at 05:17
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Energy news:Crude oil prices fell steeply on Friday on concerns that global demand for energy could decline with the world heading for a likely economic downturn in the wake of rate hikes by central banks the world over. The fall in prices was also prompted........
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