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PLASTICS

Prompt export demand pushes styrene prices up in Europe

12:01 PM MST | January 23, 2015 | Victoria Dimmock

Europe's styrene market has made steady gains through this week on the back of renewed buying interest for prompt material as traders moved to put together cargoes for export. Trading interest in Europe has been matched by a similar desire in the US market to...


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MORE PLASTICS

UK plastics industry warns that biodegradable carrier bag levy exemption will hurt recycling, jobs

Several sectors of the UK plastics industry today expressed their disappointment that the government is considering to press ahead with plans to potentially exempt biodegradable plastic bags from the single-use carrier bag levy. Such mixed messages implying...

Kumho Petrochemical plans to shut rubber units in October for maintenance

Kumho Petrochemical (Seoul) plans to shut its synthetic rubber plants at Yeosu and Ulsan, South Korea in October for annual maintenance, a source close to the company said today. The maintenance program is expected to take about two weeks to complete...

Al Waha signs big loan agreement

Sahara Petrochemical Co. said today that its polypropylene production affiliate Al Waha Petrochemical Co. has signed an Islamic facility agreement with Saudi British Bank and Banque Saudi Fransi to refinance existing loans, which were initially funded by...

Braskem completes metallocene LLDPE expansion in Brazil

Braskem has completed investing about 50.0 million reais ($18.9 million) at the Camaçari petrochemical cluster in Bahia, Brazil, to expand production capacity for linear low-density polyethylene (LLDPE) by 120,000 m.t./year. Overall LLDPE capacity at...

PP production issues expected to challenge US market in February

Market sources are expecting February orders for polypropylene (PP) in the US market to be made more difficult to fulfil by recent production issues and planned turnarounds that are set to begin in late February.   Ineos declared force majeure on PP...

Chinese firm start up PE plant

Pucheng Clean Energy Chemical (PCEC) has started up a polyethylene (PE) plant in Shaanxi Province, China, says the plant's contractor, Wison Engineering (Shanghai). The 300,000-m.t./year plant forms part of PCEC's 700,000-m.t./year coal-to-olefins complex...

Sabic Europe encounters 'system issues' at Europe production sites

Sabic's European regional subsidiary is encountering "system issues," and the company does not yet know when these issues will be fully resolved and when business will be back to normal, the company told CW today. "Sabic is doing its utmost to...

Japan imports less natural rubber in November, synthetic rubber imports mostly up

Japan imported 55,827 m.t. of natural rubber in November, 12.9% lower versus 64,075 m.t. in October, The Rubber Trade Association of Japan (RTAJ) says. Oversupply concerns continued to weigh on prices and falling energy prices influenced the Asia rubber...

Equate completes turnaround and first phase of polyethylene expansion project

Equate Petrochemical, a joint venture among Petrochemical Industries Co. (Kuwait City), Dow Chemical, Boubyan Petrochemical Co., and Qurain Petrochemical Industries, today announced the completion of both the first phase of its previously announced...

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