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BLOGS - ALL PRODUCT NEWS

Solvent MX prices gain 5-10$ in Asia

On 29 Jun 2020 at 08:30 IST

Last week, Solvent MX prices gained in Asia. The price rise was attributed to a lift in buying interests coupled with tight product avails in the region.High upstream costs, further supported the price rise.FOB Korea prices were assessed at the USD 400/mt........
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FPCC plans turnaround at Mailiao's No.3 cracker

On 29 Jun 2020 at 08:20 IST

Formosa Petrochemical Corporation (FPCC), is likely to undertake a planned shutdown at its No.3 cracker in Mailiao.A Polymerupdate source in Taiwan informed that, the company has scheduled to shut the cracker for maintenance in mid-August, 2020. The cracker........
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Formosa Plastics to shut PVC plant for maintenance

On 27 Jun 2020 at 09:00 IST

Formosa Plastics corporation (FPC) is in plans to undertake a planned shutdown at its Ethylene dichloride (EDC) unit in Mailiao.A Polymerupdate source in Taiwan informed that the company is likely to start maintenance at the plant in mid-August, 2020. The........
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Ethylene prices gain in Asia

On 27 Jun 2020 at 08:30 IST

This week, Ethylene prices gained in Asia. The price rise was supported by higher upstream energy rates, coupled with a lift in buying inquiries in the region. Stronger downstream PE pricing trends, further supported the price gain. CFR South East Asia prices........
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Open spec naphtha prices plunge in Asia on Thursday

On 26 Jun 2020 at 14:20 IST

Let's start with energy news:Crude oil prices gained on Thursday, after Russia a leading oil supplier and OPEC's member was reported to have slashed down its flagship crude Urals exports to the lowest in 10 years. Also, a bordering improvement in the U.S.........
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Source comments on Zhong Tian He Chuang's LDPE units

On 26 Jun 2020 at 09:00 IST

Zhong Tian He Chuang, a joint venture of Sinopec and China Coal Energy Group, has undertaken a planned shutdown at its No. 1 and No. 2 low density polyethylene (LDPE) unit. A Polymerupdate source in China informed that, the company started maintenance at the........
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SM prices down adjust in Asia on Thursday

On 26 Jun 2020 at 08:30 IST

SM prices slipped in Asia, on Thursday. The price fall was supported by bearish upstream energy and benzene values.FOB Korea SM prices were assessed at the USD 625/mt levels, while CFR China SM prices were assessed at the USD 665/mt levels, both down USD........
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Crude oil prices plunge over 5% on Wednesday

On 25 Jun 2020 at 17:25 IST

Let's start with energy news:Crude oil prices plunged over 5% on Wednesday following the Energy Information Administration's report of a rise in the US crude oil inventories. The slump in oil prices was further backed by fears for a second wave of the........
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Shaoxing Sanyuan to resume production at No. 2 PP unit

On 25 Jun 2020 at 08:40 IST

Shaoxing Sanyuan Petrochemical, is in plans brought on-stream its No. 2 Polypropylene (PP) unit following an unplanned maintenance.A Polymerupdate source in China informed that, the company is likely to resume operations at the unit on June 25, 2020. The unit........
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SM prices edge higher in Asia on Wednesday

On 25 Jun 2020 at 08:30 IST

SM prices were assessed higher in Asia on Wednesday. The price rise was mainly on account of stronger upstream crude and benzene values, coupled with persistent strong regional demand trends.FOB Korea SM prices were assessed at the USD 640/mt levels, while........
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PP and PE prices march higher in Asia.

On 24 Jun 2020 at 16:50 IST

Let's start with energy news:Crude oil prices declined on Tuesday, following the American Petroleum Institute's (API) report indicating a rise in the crude oil inventory. Brent crude slipped by 45 cents or 1.04 percent settling at $42.63 per barrel, while WTI........
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Buying momentum bullish in Turkey's PP and PE markets

On 24 Jun 2020 at 15:15 IST

An editorial team member from Polymerupdate’s office in Turkey today informed the team that buying trends in the country’s PP markets remained strong, particularly in grades like PP film and PP raffia. She reported, “ PP offers to Turkey from International........
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Kaofu Chemical resume PS production

On 24 Jun 2020 at 08:40 IST

Kaofu Chemical, has broug on-stream its polystyrene (PS) plant following a turnaround.A Polymerupdate source in the Taiwan informed that, the company resumed operations at the plant on June 19, 2020. The plant was shut for maintenance on May 28, 2020.Located........
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Toluene prices inch lower in Asia

On 24 Jun 2020 at 08:30 IST

Despite higher upstream crude and gasoline values, Toluene prices edged lower in Asia on Tuesday. Prices slipped, mainly on account of softer regional buying sentiments. FOB Korea toluene prices were assessed down at the USD 430/mt levels, a day on day fall........
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Crude oil prices gain on Monday

On 23 Jun 2020 at 16:35 IST

Let's start with energy news:Crude oil prices climbed higher on Monday, on indications of improving demand in consumption of fuel as various countries globally have begun easing the lockdown in a phased manner. Brent futures gained by 89 cents settling at........
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SM prices edge lower in Asia on Monday

On 23 Jun 2020 at 08:30 IST

SM prices were assessed lower in Asia on Monday. The price fall was on the back of weaker upstream benzene values. FOB Korea SM prices were assessed at the USD 635/mt levels, while CFR China SM prices were assessed at the USD 675/mt levels, both down USD 5/mt........
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Petronas restarts No. 2 Methanol unit

On 23 Jun 2020 at 08:20 IST

Petronas Chemical Group (PCG), is in plans to bring on-stream its No. 2 Methanol unit following a turnaround.A Polymerupdate source in Malaysia informed that, the company is likely to resume operations at the unit on June 22, 2020. The unit was shut for........
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Open spec Naphtha prices spike last Friday in Asia

On 22 Jun 2020 at 17:15 IST

Let's start with energy and feedstock news:Crude oil prices rose last Friday, after the OPEC and its allies assured their commitment to slash down the production cuts. Also, the Baker Hughes' report of a fall in the number of oil and gas rigs, further........
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Shaanxi Yanchang Coal Yulin's PE units shuts for maintenance

On 22 Jun 2020 at 08:40 IST

Shaanxi Yanchang Coal Yulin Energy and Chemical, Ltd has taken off-stream its high density polyethylene (HDPE) and linear low density polyethylene (LLDPE) units for a turnaround.A Polymerupdate source in China informed that the company has halted operations........
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Solvent MX prices march higher in Asia

On 22 Jun 2020 at 08:30 IST

Last week, Solvent MX prices marched higher in Asia. Prices firmed as product avails continued to remain tight in the region, coupled with bullish regional demand trends. Stronger upstream energy and Isomer MX values, further supported the price rise.On........
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Shaanxi Yanchang shuts NBA plant for unplanned maintenance

On 20 Jun 2020 at 08:40 IST

Shaanxi Yanchang Petroleum, has taken off-stream at its N-butanol (NBA) plant in Yulin.A Polymerupdate source in China informed that, the company halted operations at the plant on June 10, 2020. Further details on duration of the unplanned outage could not be........
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SM prices march higher in Asia

On 20 Jun 2020 at 08:30 IST

This week, SM prices climbed higher in Asia. The price rise was supported by stronger upstream energy values and stronger regional buying sentiments.Bullish downstream PS pricing trends, further supported the price gain.FOB Korea SM prices were at the USD........
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PetroChina Daqing resumes LLDPE production

On 19 Jun 2020 at 08:40 IST

Daqing Petrochemical, has brought on-stream its No. 3 linear low density polyethylene (LLDPE) unit.A Polymerupdate source in China informed that, the company resumed operations at the unit on June 18, 2020. The unit was shut for unplanned maintenance on June........
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Ethylene prices climb in Asia on Thursday

On 19 Jun 2020 at 08:30 IST

Ethylene prices gained in Asia on Thursday. The price rise was prompted by continued tight regional product availability, coupled with higher upstream naphtha values. The price gain was further supported by stronger downstream PE demand and pricing........
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Saudi Arabia’s PIF is 11th investor in RIL's Jio Platforms

On 18 Jun 2020 at 18:10 IST

A Polymerupdate editorial team member reported that Jio Platforms saw yet another investment with Saudi Arabia’s PIF, one of the world’s largest sovereign wealth funds, committing a sum of Rs 11,367 crore for 2.32 percent. For Jio Platforms, this was a........
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Crude oil prices slip on Wednesday

On 18 Jun 2020 at 17:40 IST

Let's start with energy and feedstock news:Crude oil prices declined on Wednesday, following the Energy Information Administration's report of a rise in the US crude oil inventories. The slump in oil prices was further backed by fears for a second wave of the........
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Buying slows across India's polymer market

On 18 Jun 2020 at 10:45 IST

While speaking with domestic industry sources this morning, a Polymerupdate editorial team member learnt that buying trends across the Indian sub-continent had slowed this week. A processor said, “our factories are not operating at full capacities yet. This........
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Jilin Petrochemical halts production at No. 3 MMA unit

On 18 Jun 2020 at 08:40 IST

Jilin Petrochemical, has taken off-stream its No. 3 Methyl methacrylate (MMA) unit for a turnaround.A Polymerupdate source in China informed that, the company started maintenance at the unit on June 15, 2020. The unit is expected to remain off-line for about........
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Propylene prices march higher in Asia on Wednesday

On 18 Jun 2020 at 08:30 IST

On Wednesday, propylene prices firmed in Asia. The price rise was supported by bullish upstream crude and naphtha values, coupled with stronger demand trends in key markets like China.FOB Korea propylene prices were up at the USD 740/mt levels, a gain of USD........
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PP prices climb higher in Asia.

On 17 Jun 2020 at 17:25 IST

Let's start with energy news:Crude oil prices spiked on Tuesday, after the International Energy Agency (IEA) in its monthly report forecasted a record rise in crude oil demand and its by-products for 2021. Also, optimisms over additional supply cuts from the........
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