Posts Tagged ‘japan’

China?s cumulative imports through May remain under 2009

The strain is beginning to show on China?s plastics imports amid an admitted slowdown in economic growth. Cumulative imports through May 2012 reached a figure of 6.255 mln tons, as per ChemOrbis, below cumulative imports as of May 2011, 2010 and 2009. In May 2009, the cumulative figure had been at 6.956 mln tons.

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Lengthening supplies maintain downward pressure on China?s PE market

Players in China report that lengthening PE supplies are maintaining downward pressure on prices. Producer sources in both the domestic market and the import market are complaining of excess stocks while larger than normal shipments of Central Asia and North American materials have amplified oversupply concerns, as per ChemOrbis

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Global molded plastics market is projected to reach 157 mln tons by 2017

The global Molded Plastics market is projected to reach 157 mln tons by the year 2017 as per GIA. Economic revival, rise in spending power, rapid industrialization, and strong demand from end-use markets of packaging, construction, food & beverage auger well for the Molded Plastics market. Long-term growth will stem from developing markets of Asia, Eastern and Central Europe, and the Middle East.

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Honeywell’s UOP to expand adsorbents and catalysts production at Alabama Facility

UOP LLC, a Honeywell company, plans to invest US$20 mln to expand its production facility in Mobile, Ala., to produce adsorbents and catalysts.

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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

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Ethylene production in Japan fell 11% in November 2011 from November 2012

Ethylene production in Japan fell 11% in November 2011 vs the same month a year ago, government data showed, reflecting an industry-wide move to lower naphtha cracker utilisation rates amid weakening demand for plastics in China, as per Reuters. Ethylene output totalled 556,500 tons in Nov 2011, compared with 625,400 tons in Nov 2012

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Jan cargoes continue getting picked up by South Koreans: Naphtha near two-week highs

Asian naphtha prices rose to near a two-week highs on Tuesday, while timespreads and cracks were at at five-week high as South Korean buyers continued to pick up January cargoes, as per Reuters. LG Chem and Honam Petrochemical have bought a total of atleast 75,000 tons, while Samsung Total has bought around 25,000 tons.

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Naphtha price in Asia rebounds from 11 month lows, cracks surge by 22%

Naphtha price in Asia rebounded from an 11-month low to reach a two-session high on Tuesday, while cracks surged by about 22% to a three-week high, as per Reuters. However, current levels still signal a frail market, as Japanese inventories continue at a very high level

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Is the recovery in naphtha cracks in Asia temporary?

Asia’s naphtha price was at a three-session low on Thursday, while cracks were at a three-session high with physical timespreads flipping into a slight premium from parity levels as buyers emerged, as per Reuters. However, the uptrend is expected to be short-lived as most active buyers from North Asia, except those from South Korea, are mostly absent.

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European plastics and rubber machinery manufacturers set to reach all-time high again

The European plastics and rubber machinery industry achieved remarkable rates of growth in 2010 and 2011 and is on course to match the 2008 record. “Our industry recovered very well from the economic and financial crisis in the countries associated with EUROMAP; this year’s production volume in the core machinery business is expected to reach almost 11 billion Euro,” said Bernhard Merki, the European federation’s newly re-elected President at the press conference, held on the occasion of the triennial General Assembly.

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