BLOGS - ALL PRODUCT NEWS

	Abel Chemical to resume production at SM plant On 06 Apr 2020 at 06:00 IST Abel Chemical, is in plans to bring on-stream its styrene monomer (SM) plant in Jiangsu province.A Polymerupdate source in China informed that, the company is likely to resume operations at the plant by mid-April, 2020. The plant was shut for maintenance on........ Continue Reading...
	Propylene prices plunge in Asia On 04 Apr 2020 at 09:30 IST This week, propylene prices witnessed a steep drop in Asia. Price tumbled, as buying momentum was extremely sluggish, owing to lockdown in major Asian countries, owing to the widespread COVID-19 pandemic.Persistent lackluster downstream PP demand and pricing........ Continue Reading...
	Chang Chun lowers run rates at Changshu solvents plant On 04 Apr 2020 at 08:40 IST Chang Chun Petrochemicals, is presently operating its phenol-acetone plant at around 80% of production capacity levels.A Polymerupdate source in China informed that, the company has reduced run rates at the plant on April 1, 2020. The reason behind the........ Continue Reading...
	OUCC restarts Linyuan MEG unit On 03 Apr 2020 at 08:40 IST Oriental Union Chemical Corp (OUCC), has restarted its Monoethylene glycol (MEG) unit following a turnaround.A Polymerupdate source in Taiwan informed that, the company resumed operations at the unit on April 1, 2020. The unit was shut for maintenance in........ Continue Reading...
	Ethylene prices drift lower in Asia On 03 Apr 2020 at 08:30 IST On Thursday, Ethylene prices drifted lower lower in Asia. The sharp price fall was on the back of sluggish buying sentiments, coupled with continued bearish downstream PE demand and pricing trends.CFR North East Asia ethylene prices were assessed at the USD........ Continue Reading...
	Crude oil prices plunge on Wednesday On 02 Apr 2020 at 18:00 IST Let’s start with energy and feedstock news:Crude oil prices retreated on Wednesday, following a bigger-than-expected rise in the U.S. crude oil inventories. The broadening conflict within OPEC and its allies concerning an oversupply of crude oil, further........ Continue Reading...
	Propylene prices tumble in Asia on Wednesday On 02 Apr 2020 at 08:30 IST On Wednesday, propylene prices witnessed a sharp fall in Asia. Prices tumbled, mainly on account of continued bearish regional buying trends, coupled with weaker upstream crude and naphtha values.A plunge in downstream PP rates, further supported the price........ Continue Reading...
	Hangjin Technology shuts PO unit On 02 Apr 2020 at 08:20 IST Hangjin Technology Co, has undertaken an unplanned shutdown at its propylene oxide (PO) unit.A Polymerupdate source in China informed that, the company halted operations at the unit on April 1, 2020. The exact duration of the outage could not be........ Continue Reading...
	HDPE prices tumble in Asia. On 01 Apr 2020 at 17:15 IST Let’s start with energy and feedstock news:Crude futures displayed a mixed undertone on Tuesday. WTI futures rose, after China on Tuesday reported a strong manufacturing data. Brent crude prices inched lower, as the API on Tuesday reported a crude oil........ Continue Reading...
	Ningbo Zhenyang shuts MIBK plant On 01 Apr 2020 at 08:40 IST Ningbo Zhenyang, has taken off-stream its methyl isobutyl ketone (MIBK) plant.A polymerupdate source in China informed that, the company has recently halted operations at the plant owing to weak economic fundamentals. The exact duration of the shutdown could........ Continue Reading...
	Ethylene prices drop in Asia on Tuesday On 01 Apr 2020 at 08:30 IST Ethylene prices witnessed a drop in Asia, on Tuesday. The price fall was triggered by dampened demand trends in the region, coupled with bearish upstream crude and naphtha values. Persistent weaker downstream PE demand and pricing trends, further supported........ Continue Reading...
	Open spec naphtha prices drop in Asia. On 31 Mar 2020 at 18:00 IST Let's start with energy and feedstock news:Crude oil prices crashed on Monday to the lowest recorded levels in 18 years, as the COVID-19 pandemic continues to cripple the fuel and energy demand globally. Also, no signs of optimism from Saudi Arabia to step........ Continue Reading...
	GNFC undertakes unplanned shutdown at TDI plant On 31 Mar 2020 at 08:40 IST Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC), has shut its Toluene diisocyanate (TDI) units at Bharuch & Dahej.A Polymerupdate source in India informed that, the company has halted operations at the units last week owing to a nation-wide lockdown........ Continue Reading...
	Propylene prices drop in Asia on Monday On 31 Mar 2020 at 08:30 IST A steep fall in upstream crude and naphtha values, coupled with continued poor demand trends across the Asian regions, owing to the wide spreading Coronavirus, forced propylene sellers to reduce their prices lower. Weaker downstream PP demand and pricing........ Continue Reading...
	Crude oil prices slump last Friday. On 30 Mar 2020 at 17:30 IST Let's start with energy and feedstock news:Crude oil prices slumped last Friday, as the travel restrictions and lockdowns levied by the governments globally to contain spread of the COVID-19 snapped the crude oil demand, leaving the market with surplus amount........ Continue Reading...
	Benzene prices crash in Asia On 30 Mar 2020 at 08:30 IST Benzene prices in Asia collapsed, last week. The steep price fall was on the back of a plunge in upstream energy and downstream SM rates.Sluggish demand trends and weak global cues, further supported the price drop.FOB Korea benzene prices were assessed lower........ Continue Reading...
	Borouge completes turnaround at No. 1 cracker On 30 Mar 2020 at 08:20 IST Borouge, has brought on-stream its No. 1 cracker following a turnaround.A Polymerupdate source based in the Middle East informed that, the company resumed operations at its cracker in mid-March, 2020. The cracker remained under maintenance for around one........ Continue Reading...
	Ethylene and propylene prices drop on Thursday. On 27 Mar 2020 at 17:15 IST Let's start with energy and feedstock news:Crude oil prices declined sharply on Thursday after three consecutive sessions of a rise, on the back of dipping demand for crude oil owing to the restrictions on movement for masses globally to contain the spread of........ Continue Reading...
	GSFC undertakes unplanned shutdown at Melamine units On 27 Mar 2020 at 08:20 IST Gujarat State Fertilizer & Chemical (GSFC), has taken off-stream its melamine units owing to a forced lockdown pan India, by the Indian government.A domestic Polymerupdate source informed that, the company halted operations at the units on March 25, 2020. The........ Continue Reading...
	Propylene prices decline in Asia On 27 Mar 2020 at 08:00 IST On Thursday, sluggish buying sentiments and weaker downstream PP demand and pricing trends, pulled propylene prices lower in Asia.FOB Korea propylene prices were at the USD 670/mt levels, a day on day fall of USD 15/mt. CFR China propylene prices were at the........ Continue Reading...
	Crude oil prices rose on Wednesday. On 26 Mar 2020 at 17:00 IST Let's start with energy news:Crude oil prices rose on Wednesday, followed by an agreement between the White House and Senate leaders of both major political parties on approval of the USD 2 trillion Coronavirus aid package. Brent futures rose by 24 cents........ Continue Reading...
	Shandong Chambroad shuts No. 1 Propylene unit for maintenance On 26 Mar 2020 at 08:40 IST Shandong Chambroad Petrochemicals, has taken its No.1 propylene unit off-stream for a turnaround.A Polymerupdate source in China informed that, the company has started maintenance at the plant on March 25, 2020. The plant is likely to resume production on May........ Continue Reading...
	SM prices plunge in Asia On 26 Mar 2020 at 08:30 IST On Wednesday, Styrenemonomer (SM) prices drifted steeply lower in Asia. The price fall was attributed to bearish upstream energy and benzene values, coupled with sluggish regional buying senitments. FOB Korea SM prices were assessed down at the UDS 510/mt........ Continue Reading...
	PP prices drift lower in Asia. On 25 Mar 2020 at 18:00 IST Let's start with energy and feedstock news:Crude oil prices gained more than 2% on Tuesday, as the API on Tuesday reported a crude oil inventory draw. Also, hopes of the U.S. Federal Reserve to strengthen the crippling economy and optimism for the United........ Continue Reading...
	Unplanned outage reported at Methanol units of Xinneng Fenghuang On 25 Mar 2020 at 08:40 IST Xinneng Fenghuang (Tengzhou) Energy Company, has taken off-stream its all methanol units in Tengzhou, Shandong province.A Polymerupdate source in China informed that, the company has halted operations at the units on March 24, 2019 owing to technical issues......... Continue Reading...
	Ethylene prices drop in Asia on Tuesday On 25 Mar 2020 at 08:30 IST Ethylene prices witnessed a drop in Asia, on Tuesday. Prices fell, as demand trends continued to remain bearish coupled with weaker upstream crude and naphtha values. Weaker downstream PE demand and pricing trends, further supported the price drop.CFR North........ Continue Reading...
	Open spec Naphtha prices plunge in Asia on Monday. On 24 Mar 2020 at 17:15 IST Let's start with energy news:Crude oil prices rebounded marginally on Monday, on hopes for the United States to conclude a deal for the COVID-19 pandemic aid platform, that could possibly lend a hand to blur out the devastating economic impact of the viral........ Continue Reading...
	Bearish upstream crude rates push propylene prices sharply lower in Asia on Monday On 24 Mar 2020 at 09:30 IST Propylene prices in Asia tumbled on Monday. A steep fall in upstream crude and naphtha values, coupled with continued poor demand trend across the Asian regions, owing to the wide spreading Coronavirus, forced propylene sellers to reduce their prices lower......... Continue Reading...
	Sinopec Jingmen resumes production at PP unit On 24 Mar 2020 at 08:00 IST Xiang Lu Petrochemical, has restarted its polypropylene (PP) plant following a turnaround.A Polymerupdate source in China informed that, the company has resumed operations at the plant on March 19, 2020. The plant remained under maintenance for around 10........ Continue Reading...
	Crude oil prices plunge more than 10% on Friday On 23 Mar 2020 at 17:15 IST Let's start with energy and feedstock news:Crude oil prices plunged more than 10% on Friday, after the wide-spreading viral COVID-19 outbreak clouded the global demand for crude oil, following lockdowns and travel restrictions in various countries across the........ Continue Reading...