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On 25 Sep 2021 at 08:45
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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........
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On 24 Sep 2021 at 04:35
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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........
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On 24 Sep 2021 at 08:40
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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........
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On 24 Sep 2021 at 08:30
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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........
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On 23 Sep 2021 at 05:45
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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........
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On 23 Sep 2021 at 11:50
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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........
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On 23 Sep 2021 at 08:40
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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,........
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On 23 Sep 2021 at 08:30
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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........
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On 22 Sep 2021 at 04:10
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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........
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On 22 Sep 2021 at 02:35
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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)........
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On 22 Sep 2021 at 08:30
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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........
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On 21 Sep 2021 at 03:20
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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........
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On 21 Sep 2021 at 02:32
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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........
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On 21 Sep 2021 at 09:45
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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........
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On 21 Sep 2021 at 08:30
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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........
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On 20 Sep 2021 at 05:10
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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........
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On 20 Sep 2021 at 02:45
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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........
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On 20 Sep 2021 at 10:10
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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........
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On 20 Sep 2021 at 08:40
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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........
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On 20 Sep 2021 at 08:30
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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........
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On 17 Sep 2021 at 08:40
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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,........
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On 17 Sep 2021 at 08:30
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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........
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On 16 Sep 2021 at 06:27
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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........
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On 16 Sep 2021 at 08:40
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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........
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On 16 Sep 2021 at 08:30
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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........
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On 15 Sep 2021 at 05:35
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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........
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On 15 Sep 2021 at 05:05
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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........
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On 15 Sep 2021 at 08:40
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SP Chemicals, is likely to take off-stream its Styrene monomer (SM) plant in Jiangsu.A Polymerupdate source in China informed that, the company has planned to shut the plant for a maintenance turnaround on September 15, 2021. Further details on the duration........
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On 15 Sep 2021 at 08:30
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MEG prices marched higher in Asia on Tuesday. The sharp price rise was prompted by stronger upstream ethylene values and bullish buying sentiments in key markets like China.Reports of limited product availability further contributed to the price gain.CFR........
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On 14 Sep 2021 at 05:25
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After three months of continuous decline, India’s wholesale price index (WPI) inched higher in August due to a sharp increase in the prices of industrial commodities. Wholesale inflation during the month under consideration has been driven by an uptick in........
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