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BLOGS - ALL PRODUCT NEWS

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........
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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........
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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........
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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........
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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........
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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........
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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........
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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........
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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........
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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........
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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........
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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........
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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........
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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........
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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........
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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........
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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........
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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........
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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.........
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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........
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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........
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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.........
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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........
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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........
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Benzene prices drift steeply lower in Asia

On 23 Mar 2020 at 09:30 IST

Benzene prices in Asia witnessed a steep fall, last week. Prices tumbled, as buying sentiments continued to remain sluggish across the Asian regions coupled with bearish upstream crude and downstream SM rates.Sluggish global cues, further supported the price........
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Sinopec Mitsui cuts run rates at BPA plant

On 23 Mar 2020 at 08:20 IST

Sinopec Mitsui Chemicals, is presently running its Bisphenol A (BPA) plant at curtailed capacity levels.A Polymerupdate source in China informed that, the company cut down run rates at its plant, to around 80-85% of production capacity levels on March 18,........
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SM prices collapse in Asia on Thursday

On 20 Mar 2020 at 09:30 IST

SM prices collapsed in Asia on Thursday. Prices plunged, as demand trends continued to remain sluggish across the Asian regions.The steep price fall was further supported by a tumble in upstream crude and benzene values.FOB Korea SM prices were assessed lower........
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Celanese completes maintenance at VAM unit

On 20 Mar 2020 at 08:20 IST

Celanese Corporation, has restarted its Vinyl acetate monomer (VAM) unit in Singapore.A Polymerupdate source in Singapore informed that, the company has resumed operations at the unit on March 16, 2020. The unit was shut since February 4, 2020 following a........
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SM prices collapse in Asia on Wednesday

On 19 Mar 2020 at 09:30 IST

SM prices collapsed in Asia, on Wednesday. Prices plunged, as demand trends continued to remain sluggish across the Asian regions. The steep price fall was further supported by a tumble in upstream crude and benzene values. FOB Korea SM prices were assessed........
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BP Zhuhai shuts No. 3 PTA plant for maintenance

On 19 Mar 2020 at 08:20 IST

BP Zhuhai, has taken off-stream its No. 3 purified terephthalic acid (PTA) plant for a maintenance turnaround.A Polymerupdate source in China informed that, the company halted operations at the plant on March 14, 2020. The plant is slated to remain off-line........
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