Posts Tagged ‘indonesia’

PTT Global to invest US$11 bln by 2020 in capacity expansion, to focus on specialty and green products

PTT Global Chemical Pcl (PTTGC)- Thailand’s largest petrochemical maker, plans to invest US$11 bln by 2020 to expand capacity and focus on high-margin specialties and green products. This will include investment of US$3 bln to build a new olefins cracker with estimated annual capacity of 1 mln metric tons (1.1 mln tons), Chief Executive Anon Sirisaengtaksin told Reuters in an interview

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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.

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Strong line-up of local and international companies at Indonesia?s Intl Printing, Packaging and Plastics Exhibitions

Strong international attendance from both exhibitors and visitors is expected as the countdown begins to Indonesia’s leading exhibitions for the printing, packaging and plastic industries from 11 to 14 April at Jakarta International Expo Kemayoran, Indonesia. Two months ahead of its opening as the three exhibitions make headway on to an international platform, they present for the first time under the co-organization of Messe Düsseldorf Asia and WAKENI with the theme ‘going global in 2012. More than 300 exhibitors from 20 countries are expected and visitor figures are anticipated to reach 20,000.

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Local PE prices track import prices higher in SE Asia

This week, local PE prices in Southeast Asia moved higher, following the increases in import prices on announcement of higher March prices from overseas producers last week, as per ChemOrbis. Sellers cited firm costs and relatively limited supply as support for their price increases while demand was said to be regular in the region.

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Sentiment bullish in Indonesia’s polymer markets

Players in Indonesia report that sentiment within the country is bullish and that the country has seen even larger increases over the past few weeks along with other Southeast Asian countries, as per ChemOrbis.

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Lower PE run rates by Asian producers fail to support market

Lower polyethylene production in Asia has failed to support the market, as per Platts. This is because of weak demand due to uncertainty surrounding the eurozone sovereign debt issue and the global economy

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Import PVC prices plunge to 2011 low in SEA

Import PVC prices are moving lower for the fourth consecutive week in Southeast Asia as persistently weak demand along with tumbling upstream costs pushed sellers into agreeing to further reductions on their October prices per the plastics pricing service ChemOrbis. This was after producers had already announced their initial October import prices with significant decreases from September last week.

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Mitsubishi Polyster?s US$20 mln upgradation at South Carolina to increase capacity

Officials at Mitsubishi Polyester Film, Inc. have initiated another major capital upgrade at its location in Greer, South Carolina

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