Posts Tagged ‘chinese’

Initial July PE prices announced lower to China, SE Asia

Players in China and Southeast Asian report that import PE prices for July are being announced with decreases, as per ChemOrbis. Sufficient stock levels, softer upstream costs and disappointing demand were cited among the main reasons for the decline in PE prices. A Thai producer announced their July prices to the Chinese market with decreases of US$130/ton for LDPE film, US$30-40/ton for LLDPE film and US$20/ton for HDPE film.

Read the rest of this entry »

Anti-dumping duties on China?s BOPET films to South Korea extended for 3 more years

Fuwei Films (Holdings) Co., Ltd., a manufacturer and distributor of high-quality BOPET plastic films in China, announced that the anti-dumping duties imposed on the company’s exported biaxially oriented polyethylene-terephthalate (BOPET) films to South Korea will be extended for three more years beginning on May 25, 2012. According to the Ministry of Strategy and Finance, the rate for Fuwei Films Shandong Co., Ltd (”Shandong Fuwei”), the subsidiary of Fuwei Films was set at 11.72%, higher than one of its counterparts at 5.87%. Punitive duties of 25.32% will be imposed on the PET films manufactured by six Chinese firms.

Read the rest of this entry »

Rise in China’s plastics consumption in 2012 insufficient to melt regional supply glut

China’s consumption of plastic could grow by up to 7% in 2012 after stalling in 2011, but the rebound will not be enough to melt a regional supply glut that will curb the output of plastic manufacturers and pressure the petrochemical market, as per Reuters. Weak traditional export markets and Bejing’s steps to cool economic growth are still hitting sales. As a result, Asian plastic exporters face possibility of scaling back production further this year, in turn cutting demand for naphtha.

Read the rest of this entry »

Polymer demand in China, Vietnam hit by slower economic growth

Players in both China and Vietnam report that polymer demand in their respective countries has been slowed by weakness in the construction sector and slower than expected economic growth rates, as per Chemorbis. Both traders and converters complained that their sales have dropped significantly when compared with the same period in the past year as a result of the disappointingly sluggish economic environment. According to local media reports, investment in ChinaÂ’s property market is slowing down while sales of new houses are declining as reduced economic growth and government efforts to constrain inflation in the countryÂ’s property sector have reined in construction activity

Read the rest of this entry »

Players? in SE Asia?s local PE market hold divergent expectations

The past week saw local PE prices stable to firmer in Southeast Asia, amid firm ethylene costs and limited availability, as per ChemOrbis. Expectations are divided as to the outlook for May, as some players predict additional price increases driven by supply concerns while others are skeptical of the feasibility of any further price hikes, as spot naphtha prices continue to dip, while demand in the nearby Chinese market remains disappointing

Read the rest of this entry »

Pallmann Group sets up in China to support China?s new policy for renewable resources and recycling technologies

Early in February, the China Ministry of Industry and Information Technology released a new industrial directory for renewable recycling resources and technology, aimed to push the comprehensive utilization technology of renewable resources and recycling industry development in order to meet the twelve-five-year planÂ’s goal of sustainable growth. Sharing the same insights of sustainability, Pallmann group, the world-leading German company in size reduction technology, captured the great opportunity and completed its official establishment of China regional headquarters in Beijing. As a global leader in recycling technologies, Pallmann China has lots to offer and the China expert team is ready to support local customers and partners with the most cutting-edge recycling technologies and quality solutions whether in wood, paper, plastic, rubber and tire, metal, fabric etc.

Read the rest of this entry »

Uhde Inventa-Fischer commissions polyamide 6.6 plant for Huafon Group

Uhde Inventa-Fischer has successfully commissioned a plant for the production of polyamide 6.6 for its Chinese customer Huafon Group. The production plant has an annual capacity of 40,000 tons and is located at Huafon`s company headquarters in the city of Ruian in Zhejiang Province, PR China. Uhde Inventa-Fischer`s energy-efficient, resource-saving and cost-reducing PA 6.6 technology enables Huafon to produce high-quality granulate, which can be used for all applications, such as textiles, tyre cord, engineering plastics and also co-polymers.

Read the rest of this entry »

Chinese players share their outlook on the year ahead

Players in ChinaÂ’s polymer markets are expressing mixed forecasts for 2012. While there is general agreement that upstream costs will continue to support polymer prices, players hold divergent opinions about the macroeconomic outlook, as per ChemOrbis

Read the rest of this entry »

Two dollar spike in crude prices pulls down naphtha margins in Asia

Naphtha margins in Asia have taken a hit as crude prices jumped by over two dollars a barrel on Wednesday. Cracks for the H1-February fell by over 8 dollars to US $110.48/ton, as per Reuters. The dip is in line with a drastic fall in European naphtha cracks on Tuesday

Read the rest of this entry »

Chinese PE players weigh likely impact of Iran sanctions

Players in ChinaÂ’s PE markets are evaluating the likely impact of the latest round of Western sanctions on Iran as they formulate their business plans going forward, as per ChemOrbis. Most Chinese players predicted that the sanctions would not have a drastic effect on their business in the short term while adding that the sanctions may introduce significant changes into the structure of ChinaÂ’s polymer trade going forward

Read the rest of this entry »