Posts Tagged ‘malaysia’

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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PET prices post steep declines in China, SEAsia

Players in China and Southeast Asia have reported significant decreases in PET prices over the past week, with players attributing the decline to significant losses in spot prices for PTA and MEG feedstock, as per ChemOrbis. Buying interest is said to be limited as converters are complaining of slower than expected demand ahead of the summer season while adding that they are hesitant to purchase in large amounts owing to the uncertain outlook on the market direction

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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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Green Chemistry for Polymers

In the long-term industry will have to find substitutes for fossil fuels as supplies diminish and costs rise: so what is a sustainable resource for synthesis of conventional plastics? At Green Polymer Chemistry 2012 in Cologne, Germany, AMI brought together experts from agriculture, chemical engineering, biotechnology, the polymer industry and sustainability managers from brand owners and the automotive sector to hear all the angles on this topic. LMC International studies the agricultural including sugar, grains and oilseeds

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PE buyers in SE Asia expect to see softer prices in May

In Southeast Asia, PE players had mixed views in H1-April regarding the outlook for May. Material had been tight for some of the PE products in several of the countries, with some of the local producers working hard to clear backlogs, as per ChemOrbis.

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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

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PP prices move higher after the holidays in SE Asia

In Southeast Asia, both import and local PP prices have moved higher in the first week after the Chinese New Year holidays, as per Chemorbis.

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Sluggish demand exerts downward pressure on PE prices in SE Asia

Players in Southeast AsiaÂ’s PE market reported that prices are facing downward pressure from sluggish demand and that most done deals are being concluded with discounts from sellersÂ’ initial price levels, as per ChemOrbis.

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New purging compound for thermoplastics equipment

A new purging compound suitable to purge thermoplastics converting equipment from remaining polymer/colour and deposits which build up during the running period, has been introduced. IMCD Deutschland has announced distribution of a new product by Emery, Loxiol®

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Time Technoplast to set up an industrial packaging plant in Malaysia

Leading Indian polymer processor Time Technoplast, plans to set up an industrial packaging plant in Malaysia, as per PTI. The project, to manufacture plastic packaging products, including intermediate bulk containers, plastic drums and containers in Malaysia, is likely to commence production at the end of Q1-2012

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