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30.04.2010 / Price trends of oil, polymer feedstock and commodity polymers in Asia
CRUDE OIL
Oil prices have risen in the week of April 26, 2010. At the end of the week, June Brent crude stood at US$87.5 while US light, sweet crude settled at US$85.4. Prices gained on Friday after US new home sales were reported to have...
30.04.2010 / Will tight LDPE supplies continue to support sellers in Italy?
In Italy, price hikes of up to €50/ton have been achieved in LDPE sales throughout April despite the modest increase of the monthly ethylene contract. As for May, the cost side is not giving any impetus for higher prices since May ethylene...
30.04.2010 / Saudi Aramco and Korean Firms To Build New Plants
Saudi Aramco has entered into agreements totalling $2.8bn with South Korean Daelim Industrial, SK Engineering and Construction and Samsung Engineering to build part of a refinery and petrochemical plant in eastern Saudi Arabia.
A sulphur...
30.04.2010 / Celanese Plans Acetate Manufacturing Consolidation
Celanese Corporation said it is considering consolidating its global acetate manufacturing operations with a proposed closure of its acetate manufacturing facility in Derby, UK.
The US-based firm said the consolidation will strengthen its...
30.04.2010 / Plummeting ethylene spot prices in USA opening up arbitrage to Asia
Increasing supply in USA caused by cracker restarts as well as weak derivative polyethylene (PE) demand have tanked ethylene prices in the country. The recent plunge in US ethylene spot prices is opening up arbitrage opportunities from the...
23.04.2010 / Price trends of oil, polymer feedstock and commodity polymers in Asia
CRUDE OIL
The week of April 19, 2010 saw crude oil slightly down from 18 month high levels of US$87 a barrel all week. However, oil prices plunged by almost 3% on Friday on news that US securities regulators charged Goldman Sachs Group with...
23.04.2010 / Russian ethylene plant bounced in favour of rubber
Russian petrochemicals manufacturer Nizhnekamskneftekhim (NKNH) is to postpone its project to build a one million tpa ethylene production complex in favour of a synthetic rubber expansion plan.
Originally, the polyolefins producer aimed to...
23.04.2010 / Bullish trend persists in PP markets in Asia, Italy and Turkey
PP prices moved higher for another week in global markets including China, Southeast Asia, Turkey and Italy, while players in Egypt are currently awaiting new prices, which are expected to firm up for May, as per Chemorbis. Low supply levels,...
23.04.2010 / TPE North American resin pricing
Polyethylene (PE) spot trading was quiet at month-end before prices firmed $0.01/lb late in the week as April began and market participants saw yet another price increase on the horizon. Producers, pressured by rising monomer costs,...
22.04.2010 / The Future of the Global Refining Industry to 2015 - Benefiting From National Oil Companies' Growth
The global refining capacity is expected to grow from 4,513 MMTPA in 2009 to 5,395 MMTPA in 2015 at an AAGR of 2.98% as compared to 1.56% growth between 2000 and 2009.
With low petroleum product demand and declining falling refinery...
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