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Polymer News On Oct-1-2008Total Inaugurates Demonstration Unit Signaling a New Direction in Plastics ProductionOct 1, 2008At its petrochemicals complex in Feluy, Belgium, Total today inaugurated a demonstration plant intended to produce olefins and ... Plant Updates - 1st October 2008 (Part II)Oct 1, 2008... Plant Updates - 1st October 2008 (Part I)Oct 1, 2008... Distributor of an Indian resin producer comments on October 1st price reductionsOct 1, 2008While speaking with a distributor of an Indian resin producer a short while ago, a polymerupdate team member was told on condit... South Korean trader offers PC/ABS of second quality at USD 1680/mtOct 1, 2008A South Korean trader this afternoon said that he was in a position to offer near prime/ second grade PC/ ABS of a very good qu... Fluor~s Kuwait OL2K Petrochemicals Project Achieves Major Safety MilestoneOct 1, 2008Fluor Corporation announced that its Olefins II Kuwait (OL2K) petrochemicals project logged more than 35 million craft hours wi... Ticona - Engineering polymers production expected to begin in 2011 at Höchst Industrial ParkOct 1, 2008The cornerstone-laying ceremony in Höchst Industrial Park marked the official start of construction of Ticona’s new polymer wor... PP/PE producer in Thailand comments on current difficult market situationOct 1, 2008A short while ago, a polymerupdate team member spoke with an individual working for a resin producer in Thailand and asked him ... Braskem merges Ipiranga Petroquímica and Petroquímica PaulíniaOct 1, 2008Braskem, the leading company in the thermoplastic resins industry in Latin America and third-largest resin producer in the Amer... Lotte Daesan cuts operational rates at its SM plantOct 1, 2008An industry source based in South Korea informed a polymerupdate team member that Lotte Daesan, South Korea has cutdown operati... SM price slide prompts buyers of PS and ABS to push for rate reductionsOct 1, 2008Following the sharp fall of over USD 40/mt in SM prices on Tuesday and with rates pegged down at below the USD 1300/mt FOB Kore... Buying activity in benzene dull on account of holidays in China and SingaporeOct 1, 2008Benzene prices fell sharply in Asia on Tuesday. Prices were down as demand stalled in the region. A steep fall in previous day ... Kronos Worldwide, Inc. Announces a Price Increase for all Titanium Dioxide Products Sold in Latin AmericaOct 1, 2008... UOP Technology Selected By Abu Dhabi Oil Refining Company For Refinery Expansion In United Arab EmiratesOct 1, 2008UOP LLC, a Honeywell company, announced that the Abu Dhabi Oil Refining Company, also known as Takreer, has selected UOP to sup... BASF publishes offer to Ciba shareholdersOct 1, 2008Following examination by the Swiss Takeover Board, BASF today published the offer prospectus for the public takeover offer to t... Ethylene plant of Sanyo Petrochemicals running at reduced ratesOct 1, 2008An industry source based in Japan informed a polymerupdate team member a short while ago that an ethylene plant operated by San... Nippon Oil restarts butadiene plantOct 1, 2008An industry source based in Japan informed a polymerupdate team member a short while ago that butadiene plant operated by Nippo... CPC delays startup of naphtha crackerOct 1, 2008An industry source based in Taiwan informed a polymerupdate team member a short while ago that CPC Corporation, Taiwan has dela... Resumption of operations at naphtha unit likely to be delayed by FormosaOct 1, 2008An industry source based in Taiwan informed a polymerupdate team member that restart of operations are likely to be delayed at ... Crude oil prices rally on TuesdayOct 1, 2008Crude oil prices bounced back on Tuesday amidst hopes that a new bailout plan may be approved by the US Congress after the init... LME Plastics Prices - 30th September, 2008Oct 1, 2008... On spec benzene production achieved by PTTAROct 1, 2008A polymerupdate source in Thailand informed a team member this morning that PTT Aromatics and Refining (PTTAR)had achieved on s... Gazprom and Kogas sign Memorandum of UnderstandingOct 1, 2008Earlier this week, in the presence of Dmitry Medvedev, President of the Russian Federation and Lee Myung-bak, President of the ... PX prices dragged sharply lower in Asia. Isomer MX values also plunge.Oct 1, 2008Prices of paraxylene (PX) witnessed a sharp tumble on Tuesday in Asia. Prices fell over USD 45/mt to the USD 1060/mt FOB Korea ... Asian SM prices nosedive USD 40/mtOct 1, 2008Asian prices of SM nosedived on Tuesday. Prices witnessed a freefall on the back of Monday’s USD 10/barrel slump in crude rates... Ethylene to slide to below USD 1000/mt levelsOct 1, 2008Ethylene prices in Asia on Tuesday finished down from a day earlier. The fall was triggered by the sharp plunge in crude prices... Borealis demonstrating ground-breaking solutions for polyolefin-based automotive applications at IZB supplier showOct 1, 2008An award-winning, pioneering all-polypropylene (PP) rear-seat carrier will be one of several innovative applications that Borea... Investment of Rs 2.2 billion earmarked by Cosmo Films for expansionOct 1, 2008A domestic industry source informed a polymerupdate team member that Rs 2.2 billion is planned to be spent by Cosmo Films for c... Indian processor not happy with October price revisionsOct 1, 2008Following an announcement of a price reduction by Indian resin producers late evening on Tuesday, September 30th, a polymerupda... Production of ETFE resin to be increased by Daikin in the USOct 1, 2008An industry source based in Japan informed a polymerupdate team member that production of flourine resin at its unit in the Uni... INEOS NOVA to cut Polystyrene Production in Europe by 30%Oct 1, 2008INEOS NOVA announced on Tuesday, September 30th that it will cut its European Production by 30% in October in order to balance ... Delhi based trader expects open market prices of PP, PE and PVC to down adjust on WednesdayOct 1, 2008While in conversation with a polymerupdate team member last evening, a trader gave an overview on the current open market trend... Huntsman Obtains Temporary Restraining Order Against Credit Suisse and Deutsche Bank : Court Orders Banks to Not Impair or Terminate Merger Financing Prior to a Full HearingOct 1, 2008Huntsman Corporation on Tuesday sued affiliates of Credit Suisse and Deutsche Bank (the “Banks”), lenders who had signed an agr... Huntsman Wins Decisively in Delaware TrialOct 1, 2008Huntsman Corporation announced the decision of the Delaware Court of Chancery to enter judgment in favor of Huntsman Corporatio... Mumbai based trader elaborates on open market prices of PP,PE and PVCOct 1, 2008While in conversation with a polymerupdate team member last evening, a Mumbai based trader elaborated on prices and trends of P... Dow Europe GmbH Announces Price Increase for Synthetic RubberOct 1, 2008Effective October 1st, 2008, or as contract terms allow, Dow Europe GmbH will increase prices for all its Synthetic Rubber grad... USD 100 million to be invested by Imperial Oil for cutting on sulphur emissionsOct 1, 2008An industry source based in North America informed a polymerupdate team member last evening that USD 100 million will be invest... |