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On 25 Jan 2022 at 02:53
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In a major relief for the thousands of domestic downstream industry players, the government has revoked six-year-old anti-dumping duty (ADD) on ‘PVC (polyvinyl chloride) flex films’ originating from China. A notification issued by the Ministry of Finance on........
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On 25 Jan 2022 at 12:03
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With around 3.5 million metric tonnes per annum (MMTPA) of new capacity scheduled to come on stream in the next three-five years, any reduction in import duty on polyvinyl chloride (PVC) is likely to become counter-productive and discourage domestic investors........
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On 25 Jan 2022 at 08:40
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CPC Corp, has brought on-stream its No. 4 cracker following a turnaround and extended unplanned shutdown.A Polymerupdate source in Taiwan informed that the company has recently resumed operations at the cracker. Earlier, the cracker failed to restart on........
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On 25 Jan 2022 at 08:30
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On Monday, stronger upstream naphtha values pushed propylene prices higher in Asia. The price rise was further supported by continued tight product availability in the region..FOB Korea propylene prices were assessed at the USD 1035-1045/mt levels, a rise of........
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On 24 Jan 2022 at 04:05
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Energy and feedstock news:Crude oil prices edged lower last Friday as the American Petroleum Institute (API) and the Energy Information Administration (EIA) reported a crude oil inventory build. Brent futures edged lower by 49 cents settling at $87.89 per........
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On 24 Jan 2022 at 08:40
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China Resources Chemical Innovative Materials Holdings (CRC), is likely to bring on-stream two of its polyethylene terephthalate (PET) units in Changzhou.A Polymerupdate source in China informed that, the company has planned to restart the units by........
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On 24 Jan 2022 at 08:30
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Last week, SM prices fall sharply in Asia. Reports of bearish regional demand trends and weaker benzene values, pulled SM price lower across the Asian region.On Friday, FOB Korea SM prices were assessed at the USD 1120-1130/mt levels, while CFR South East........
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On 22 Jan 2022 at 01:36
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Faced with a lack of incentives hindering growth and therefore India’s competitiveness in the world market, experts have urged the government to incentivize foreign direct investment (FDI) in the Indian petrochemical sector, to help the industry achieve........
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On 22 Jan 2022 at 08:40
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NATPET, has taken off-stream its Polypropylene (PP) unit in Yanbu.A Polymerupdate source in Saudi Arabia informed that, the company halted operations at the unit on January 14, 2022 for maintenance. The unit is likely to remain off-line for about three........
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On 21 Jan 2022 at 05:20
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Moving in line with a targeted goal to achieve a net-zero emission by 2050, Texas-headquartered multinational oil and gas corporation ExxonMobil is planning to invest more than $15-billion over the next six years on initiatives to lower greenhouse gas........
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On 21 Jan 2022 at 05:05
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Energy and Feedstock news:Crude oil prices slipped on Thursday on the back of rising pandemic cases globally inciting fears of a slowdown in demand for oil and fuel. Also, the American Petroleum Institute's (API) and the Energy Information Administration's........
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On 21 Jan 2022 at 04:35
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The Union Ministry of Environment, Forest, and Climate Change (MoEF&CC) is planning to issue a notification on implementation of regulations with regards to Extended Producer Responsibility (EPR) in two months. On January 18, 2022, the MoEF&CC issued a draft........
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On 21 Jan 2022 at 01:15
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It is with immense regret and deep sadness in our hearts that we inform you of the sudden passing of Mr. Jwalant Oza, Director (Editorial) at Polymerupdate. Ever since Polymerupdate was founded in 1999, Jwalant, as one of it's first employees, was an integral........
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On 21 Jan 2022 at 08:40
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Sinopec Shanghai, has brought on-stream its No. 2 Low-density polyethylene (LDPE) unit.A Polymerupdate source in China informed that, the company has recently resumed operations at the unit following a turnaround. The unit was shut for maintenance on January........
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On 21 Jan 2022 at 08:30
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On Thursday, stronger upstream crude and naphtha values pushed propylene prices higher in Asia. The price rise was further supported by continued tight product availability in the region.FOB Korea propylene prices were at the USD 1030-1035/mt levels, a gain........
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On 20 Jan 2022 at 05:53
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The public sector oil major Indian Oil Corporation (IOC) has acquired a 4.93 percent stake in Indian Gas Exchange (IGX) from Indian Energy Exchange (IEX) at an undisclosed sum. IGX, India’s only gas trading exchange, is promoted jointly by IEX and National........
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On 20 Jan 2022 at 05:10
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Energy news:Crude oil prices bolstered higher on Wednesday after a fire was reported on a pipeline running from Iraq to the world markets, raising concerns about an already tightened global supply outlook. Brent futures gained by 0.93 cents settling at $88.44........
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On 20 Jan 2022 at 03:13
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Polyvinyl chloride (PVC) pipes and fittings manufacturers are likely to post around a 30 percent surge in their revenues for the financial year 2021-22 on higher realizations and modest volume growth. A study conducted by rating agency Crisil estimates the........
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On 20 Jan 2022 at 01:50
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Stepping up monetary easing efforts, China’s central bank cut its benchmark lending rates on Thursday, for the first time in nearly two years, to prop up a slowdown in the world’s second-largest economy. The People’s Bank of China (PBOC) announced on........
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On 20 Jan 2022 at 08:40
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Heilongjiang Haiguo Longyou PC, has brought on-stream its Polypropylene (PP) unit in Daqing.A Polymerupdate source in China that, the company has recently resumed operations at the unit following a turnaround. The unit was shut for maintenance on September........
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On 20 Jan 2022 at 08:30
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On Wednesday, despite stronger upstream energy and benzene rates, SM prices declined in Asia. Reports of bearish regional demand trends pressured prices lower in Asia.FOB Korea SM prices were assessed at the USD 1150-1160/mt levels, a drop of USD (-30/mt)........
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On 19 Jan 2022 at 05:42
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Indian billionaire Anil Agarwal said in an interview this week that his company Vedanta Resources is willing to spend $11-12 billion to acquire public sector oil refiner Bharat Petroleum Corporation Ltd (BPCL). The divestment of BPCL, one of India’s largest........
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On 19 Jan 2022 at 04:13
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Supply tightness and escalating geo-political tensions in the Middle East and Russia have sent global crude prices soaring in the last three weeks, with benchmark Nymex crude and Western Texas Intermediate (WTI) rates hitting the highest in seven years on........
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On 19 Jan 2022 at 02:30
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This week, PVC prices continued to drift lower across the Asian region. Prices tumbled, mainly on account of persistent bearish regional demand trends and a sharp drop in import offers from overseas producers. Deals sealed at lower price levels in the region........
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On 19 Jan 2022 at 01:05
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The business dynamics of polyvinyl chloride (PVC) resin and its derivatives have changed dramatically in India in the past three months, as consumers and stockists have abstained from fresh bookings amid expectations of price declines on account of a possible........
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On 19 Jan 2022 at 08:40
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CPC Corp, has failed to restart its No. 4 cracker for second time since January 6, 2022.A Polymerupdate source in Taiwan informed that the company was supposed to resume operations at the cracker on January 17, 2022. The cracker continued to remain shut owing........
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On 19 Jan 2022 at 08:30
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Despite weaker upstream energy values, propylene prices climbed higher in Asia on Tuesday. The price rise was attributed to firmer upstream crude and naphtha rates coupled with improved regional buying sentiments.Reports of constrained product availability........
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On 18 Jan 2022 at 05:05
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Energy news:Brent crude oil prices rose on Monday on the back of geopolitical jitters as Yemen's Houthi fighters were reported to have launched drone strikes on the United Arab Emirates causing an explosion and fire on the outskirts of the capital Abu Dhabi.........
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On 18 Jan 2022 at 12:46
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With the presentation of the Union Budget for the financial year 2022-23 less than two-weeks away (scheduled for February 1, 2022), economists have started analyzing the impact of the coronavirus (Covid) pandemic that jolted the global financial system, with........
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On 18 Jan 2022 at 08:40
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KEM ONE, has taken off-stream its Paste Polyvinyl chloride (PVC) plant owing to technical issues.A Polymerupdate source in Spain informed that, the company halted operations at the plant in early-January, 2022. Further details on the duration of shutdown........
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