Posts Tagged ‘price’

Naphtha margins in Asia at month highs, margins under pressure from rising Brent

Naphtha prices in Asia were at a month high on Wednesday, but margins, after surging 18% to a month high the previous day, came under pressure from this week’s rise in Brent crude prices as per Reuters. Front-month, H2-August open-spec naphtha price stood at US$799/ton, while while margins fell nearly 10% toUS$54.48/ton. Higher price of feedstock naphtha could be a source of concern for petrochemical makers as demand for petrochemicals including plastics has been slow due to the European debt crisis

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June import PP, PE prices announced lower to SE Asia

Initial import PP and PE prices for June have been announced with significant reductions from May in Southeast Asia, 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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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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Zhafir Plastics Machinery opens new subsidiary in India

As one of the premium brands of all electrical injection molding machines, Zhafir Plastics Machinery has founded its subsidiary in India — Plastics Machinery India Private Limited Founded in 2005 in Germany, the Zhafir Group with its present two manufacturing and technology facilities in Ebermannsdorf/Germany and in Ningbo/China and the now newly founded sales and service center in Mumbai/India represents the premium brand of Haitian International — the world’s largest manufacturer of injection molding machines. In 2010, all together approx. 30,000 machines were delivered to customers and in the first half year of 2011 this figure could be repeated with more than 15,000 machines sold despite a difficult market environment

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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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SCG, Thai Plastic and Chemicals, QPI Vietnam, PetroVietnam, Vinachem ink

Siam Cement Group (SCG), Thai Plastic and Chemicals, QPI Vietnam (a subsidiary of Qatar Petroleum International), PetroVietnam and Vinachem have signed a joint venture agreement to invest in Vietnam’s first petrochemicals complex. SCG announced the signing in a statement to the Stock Exchange of Thailand. As per GTForum, a final investment decision is expected in 2013 and commercial operation of the US$4.5 bln project is expected within 4-5 years after the start of construction.

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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

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Sentiment firmer after Diwali holidays in India?s polymer markets

Buying interest in India is reported to have picked up somewhat following theend of October Diwali holidays, as per ChemOrbis. Domestic producers lifted their prices for PP, HDPE and LLDPE this week while players in the PVC market report firmer import prices this week. The demand outlook remains mixed as several converters and distributors continued to complain about lackluster demand, although most players feel that sentiment is firmer these days in line with firming regional trends as well as higher energy prices.

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