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Polymer News On Jan-2-2008Delhi trader comments on prices of PP, PE and PVC in the open marketsJan 2, 2008While conversing with a polymerupdate team member today afternoon, a local trader in Delhi commented on the current offer price... Local trader gives an update on open market prices of PP, PE and PVC in MumbaiJan 2, 2008While conversing with a polymerupdate team member today afternoon, a local trader provided a brief insight on the current price... Naphtha cracker shut by Idemitsu Kosan for one weekJan 2, 2008While in conversation with an industry source based in Far East Asia, a polymerupdate team member was informed that one of the ... Prompt January naphtha cargo sold by Essar at discount to GlencoreJan 2, 2008A domestic industry source informed a polymerupdate team member that a prompt cargo of 20,000 to 22,000 mt open spec naphtha ha... PTA plant to be closed for maintenance by Xianglu of ChinaJan 2, 2008While in conversation with an industry source based in China, a polymerupdate team member was informed that a 1.5 mmta PTA plan... Tashe ABS plant to be idled by GPPC of Taiwan for one week in May or JuneJan 2, 2008While in conversation with an industry source based in Taiwan, a polymerupdate team member was informed that plans are in progr... High naphtha costs prompt Chandra Asri to cut cracker ratesJan 2, 2008While in conversation with an industry source based in South East Asia, a polymerupdate team member was informed that high naph... LUKOIL and GAZPROM NEFT establish a joint ventureJan 2, 2008... SABIC board recommends increase in capital to SAR 30 billion and distribution of dividends at SAR 2 per share for the 2nd half of 2007Jan 2, 2008The Saudi Basic Industries Corporation (SABIC) Board of Directors, at its meeting on December 30th, decided to recommend to the... China~s Zhejiang Hualin Sunshine restarts No. 3 PTA unitJan 2, 2008According to a polymerupdate source in China, Zhejiang Hualin Sunshine Petrochemical, restarted its No. 3 PTA unit located in S... GAIL, RCF sign MOU for Coal Gasification projectJan 2, 2008GAIL (India) Limited and Rashtriya Chemicals and Fertilizers Limited (RCF) have entered into an MOU for setting up of a coal ga... Nymex crude edges above USD 96/barrelJan 2, 2008Nymex crude prices rose above USD 96/barrel on expectations of a fall in the US crude stocks as well as supply concerns arising... Shell joins China coalbed methane projectJan 2, 2008Shell China Exploration and Production Company Limited has acquired a 55% equity interest in a coalbed methane venture in Shanx... Bayer MaterialScience sells part of its unsaturated polyester resins business to VenezianiJan 2, 2008Bayer MaterialScience has sold a part of its unsaturated polyester resins business to the Italian company Veneziani S.p.A.. The... OVL tenders to sell SOKOL Crude Oil on CFR basisJan 2, 2008A local market source informed a polymerupdate team member that ONGC Videsh Limited had last week issued a sell tender for SOKO... Idemitsu announces revisions in acrylic pricesJan 2, 2008A polymerupdate source in Japan this morning informed a team member that Idemitsu Kosan had responded to recent gains in prices... HD seller prepares clients for a USD 20/mt to USD 30/mt hikeJan 2, 2008HD film prices raced higher in Asia last week while yarn and injection grades quoted steady to firm in the region. At the start... SM prices bolster higher in AsiaJan 2, 2008Gains in upstream prices of energy, firmer rates of naphtha and strong prices of benzene feedstock together helped boost Asian ... A steep rise recorded in Asian benzene ratesJan 2, 2008Benzene rates rallied late last week in Asia, rising on the back of bullish values in the U.S. markets coupled with a spurt in ... Butadiene rates race higher in AsiaJan 2, 2008Butadiene prices maintained their upward march through last week, firming a whopping USD 50/mt in some parts of the region, whi... Singapore and India Sign Protocol to Revise CECA Tariff ConcessionsJan 2, 2008Singapore and India last month signed the Protocol to amend the Comprehensive Economic Cooperation Agreement (CECA) to further ... Propylene prices end higher in some parts of AsiaJan 2, 2008Propylene rates on an FOB Korea basis ended higher in Asia last week as trader demand in the region was seen robust. Despite th... MEG rates tumble in AsiaJan 2, 2008MEG rates fell sharply in Asia last week, down as players anticipated a drop in demand in the region’s key market of China in t... Asian ethylene prices journey northJan 2, 2008An outage last month at Mitsubishi Chemical’s No. 2 cracker at Kashima helped drive spot prices of ethylene in Asia higher. Eve... PTA seller confidence in Asia revives as prices edge upJan 2, 2008PTA rates ended up in Asia last week. Gains came despite the absence of many key players who were away celebrating their New Ye... EDC prices move higher in Asia. Outlook for VCM also turns bullish.Jan 2, 2008VCM prices were assessed unchanged in Asia last week at the USD 745/mt CFR levels in the Far East and USD 795/mt CFR levels in ... ACN prices may have bottomed out in AsiaJan 2, 2008In Asia last week, prices of ACN ended flat, unchanged from the week before. Buying interest across most parts were quiet on ac... Methanex posts regional contract methanol price for AsiaJan 2, 2008... LDPE offers to Pakistan hikedJan 2, 2008A local polymerupdate source in Pakistan informed the team on Tuesday that Malaysia~s Petlin had announced an upward revsion in... Eastman Increases Ketones Prices on January 1stJan 2, 2008Eastman Chemical Company has increased prices on the following products effective January 1st, or as contracts allow. These inc... LyondellBasell Industries increases PE and PP prices in Europe on January 1st, 2008Jan 2, 2008Effective January 1st, LyondellBasell Industries will increase prices in Europe by €75 per tonne on all polypropylene grades an... PA rates assessed lower across Asian marketsJan 2, 2008Asian prices of phthalic anhydride (PA) finished last week down as compared to assessed levels of a week earlier. Inactivity in... Asian prices of DOP climbJan 2, 2008DOP prices in Asia ended last week firm. Gains came in light of higher upstream 2EH values in the region coupled with strong bu... 2EH prices in Asia edge higherJan 2, 2008Asian prices of 2EH firmed last week, rising despite subdued activity in the region on account of the Christmas and New Year ho... NBA prices quote stable in AsiaJan 2, 2008Prices of NBA in Asia last week ended stable. With many participants away on holiday, trading activity in the region remained t... Indian prices of PP, PE and PVC revised with effect from January 1stJan 2, 2008On Monday this week a local industry source informed a polymerupdate team member that Indian petrochemical major Reliance Indus... |