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Polymer News On Dec-19-2005IOC may team up with China~s Sinopec for a refinery and petrochemical plant in ShanghaiDec 19, 2005According to a local source Indian Oil Corp (IOC) is rumoured to be planning a joint venture with China’s state-owned China Pet... Qatofin announces USD 1.2 billion projectDec 19, 2005On Sunday, Qatofin, the joint venture between Qapco with 63 per cent stake, the French Total Petrochemicals with 36 per cent an... PP buyers in Europe looking for sharp cuts in December contract pricesDec 19, 2005Contract prices in Europe’s PP markets ended last week in the red, dropping between Euro 30/mt to Euro 50/mt on the back of slu... Ethylene prices in Asia end last week firmly in the greenDec 19, 2005Ethylene prices last week ended firmer, rising on account of tight regional availability triggered by a series of outages in t... Propylene quotes firm however buyer seller mismatch regarding ideal price surfaces this morningDec 19, 2005The outage at Taiwanese firm CPC’s No 5 cracker located in Kaohsiung resulted in a great deal of speculation last week promptin... MEG last week finishes up however bids this morning seen falteringDec 19, 2005With inquiries from China seen lifting last week and given the unexpected surge in prices of ethylene feedstock, sellers of MEG... PET prices in Europe slide Euro 100/mtDec 19, 2005... Hong Kong based trader confirms a shift in purchase sentiments - buyer seller confrontation seen building regarding pricing directionDec 19, 2005A short while ago a polymerupdate team member spoke with a trader in Hong Kong and asked him how the market mood was shaping up... Weak buying interest drags spot prices of butadiene in Asia lowerDec 19, 2005Butadiene prices in Asia last week were pulled down, dragged further lower from ruling prices seen quoting in the region a week... ABS sellers struggle to achieve price targetsDec 19, 2005Sellers of ABS last week in Asia pursued price hikes in the early part of the week and succeeded in achieving sales at levels a... PP prices in China edge down - buyer activity slowsDec 19, 2005A polymerupdate source in China this morning reported that the market dealing prices for PP slipped by between RMB 150-200/mt i... Naphtha prices in Asia tumble - bids on Monday morning at below USD 500/mt CNF JapanDec 19, 2005Tracking the sharp slide in upstream crude prices on Friday, Asian open spec naphtha prices ended last week down. Bid prices fo... Bearish pressure builds on Europe~s HDPE prices - offers last week seen dragged lowerDec 19, 2005Demand for HDPE in Europe slowed down considerably last week with contract buyers in particular seen withdrawn from purchases w... Indonesia~s PT Peni up for sale - PE unit shutdown due to non availability of ethyleneDec 19, 2005A short while ago a polymerupdate source in Indonesia informed the team that offer prices of PE in South East Asia were on the ... Benzene prices slip in Asia on MondayDec 19, 2005Ample avails of benzene pushed spot prices in Asia lower with bids seen sharply down adjusted on the back of weaker crude and f... MCX Plastics Commentary December 19th, 2005Dec 19, 2005... OX prices gain although future outlook remains uncertainDec 19, 2005Prices of orthoxylene (OX) in Asia last week ended firmer, rising on the back of an anticipated lift in demand from downstream ... Arrival of PA cargoes at Chinese ports prompt sellers to attempt quick liquidationDec 19, 2005A local source in China this morning reported that with PA imported cargoes arriving at various ports in the country, trader ef... |