Industry Policy News EC moves against heat stabiliser cartel March 23, 2009 / May 9, 2017 by plasticsinfomart The European Commission has started legal proceedings against manufacturers of heat stabilisers involved in a cartel. It has been investigating cartel allegations since 2003 and now has issued Statements of Objections to at least two companies. The start of the investigations in 2003 saw co-ordinated action by regulators in Europe, Japan, the USA and Canada. […] Read more »
Market News U.S. Markets on 23-Mar-09 March 23, 2009 by plasticsinfomart Ethylene and refinery grade propylene traded several times Monday. NGLs rose and resin trading was moderate.April ethylene traded at 23.25 cpp, 23.625 cpp and twice at 23.75 cpp, all in the Williams system. March, May and June all traded on an ethane formula basis. A total of 40 million pounds was confirmed to have traded […] Read more »
Category Menu Product News BASF to Highlight New Halogen-Free, Flame Retardant Polyurethane at Interwire 2009 March 22, 2009 by plasticsinfomart ASF, the world’s largest supplier of thermoplastic polyurethanes (TPUs), is introducing Elastollan® 1190 A 10 FHF, a new halogen-free, flame retardant grade of TPU for wire and cable applications. The new offering will be introduced at the Interwire 2009 trade exposition, April 25-30, at the I-X Center in Cleveland, Ohio. Additional benefits of the new […] Read more »
Market News US Markets on Friday 21/03/09 March 21, 2009 by plasticsinfomart Ethylene and propylene price ideas were steady Friday and no trades were confirmed. Spot resin trading was mostly quiet and NGLs traded higher. The day ended with March ethylene bid at 22 cpp (Choctaw system) against no offers. April was bid at 20.5 cpp (Eq and Wms system) and offered at 23.75 cpp (Wms system). […] Read more »
End Markets Processes Integrated refining and ethylene project at Fujian likely to come onstream March 20, 2009 by plasticsinfomart The integrated refining and ethylene project at Fujian, being built at an investment outlay of 30 billion yuan, is likely to come onstream in May. Capacities include a 800,000 tpa ethylene unit, a 650,000 tpa polyethylene unit, a 400,000 ton polypropylene unit and a 1 mln tpa aromatic unit. Annual refining capacity of Fujian Refinery […] Read more »
Category Menu Product News New name for Industrial Copolymers March 20, 2009 by plasticsinfomart Industrial Copolymers is to change its name to that of its polyurethane dispersions and epoxy hardners brand – Incorez. The company and its parent, the Iotech Group, were bought by the Swiss Sika Group at the end of January. Its sister company in the USA already trades as Incorez Corporation. source: britishplastics.co.uk Read more »
Market News Oil pares gains after 7 percent surge, hovers around $51 March 20, 2009 by plasticsinfomart PERTH – Oil fell from a near 4-month high to around $51 on Friday, paring the previous session’s 7 percent gain, on doubts over the effectiveness of the U.S. Federal Reserve’s $1 trillion package to revive the economy. Oil jumped on Thursday to $51.61 a barrel, the highest settlement since November 28, after the Fed’s […] Read more »
Market News U.S. Markets 20 March 2009 (IST) March 20, 2009 by plasticsinfomart Spot ethylene traded in familiar territory Thursday and propylene was again quiet while energy gains dominated the day’s headlines. NGLs were up across the board, and benzene prices rose as well. Spot resins market activity was again subdued. Ethylene traded at 23.25 cpp for April (Wms system) and on a PCW index basis. 2Q also […] Read more »
