Market News Oil rises, snaps six-day slide on gasoline buying July 11, 2009 by plasticsinfomart Oil prices rose slightly on Thursday as talk of refinery shutdowns spurred stirred gasoline supply concerns, ending a six-day slide. U.S. crude settled up 27 cents at $60.41 a barrel after briefly dipping below $60 to the lowest level since mid-May. Crude had fallen from $71 in the previous six sessions. London Brent crude gained […] Read more »
Market News Crude prices swing around $60 July 11, 2009 by plasticsinfomart Oil prices swung around 60 U.S. dollars per barrel on Thursday on new consumer and employment data. The U.S. Labor Department said on Thursday that employers cut 467,000 jobs in June and the country’s unemployment rate rose to 9.5 percent, the highest in 25 years. The nation’s retailers posted tepid sales figures on Thursday, showing […] Read more »
End Markets Processes Top management change at BC Extrusion July 11, 2009 by plasticsinfomart Effective July 1, Jürgen Arnold succeeds Wolfgang Studener as CEO. Wolfgang Studener has resigned from his position as President and CEO of BC Extrusion Holding, the holding company for the groups Battenfeld Extrusionstechnik and Cincinnati Extrusion, leaving the company after a total of more than 30 years of service to Battenfeld. Jürgen Arnold (aged 55) […] Read more »
Market News Northern Africa polymer prices continue to rise July 11, 2009 by plasticsinfomart Polymer prices in northern Africa are increasing as a result of rising values in Asia, the Middle East and Europe, market sources said on Thursday. “Both polyethylene (PE) and polypropylene (PP) are being forced upward due to rising prices elsewhere. For example, the proposed 10% July increase on PE and PP in Europe will ultimately […] Read more »
Category Menu Product News LyondellBasell looks to end ConocoPhillips US PP marketing deal July 11, 2009 by plasticsinfomart LyondellBasell was seeking to end its exclusive polypropylene marketing deal with ConocoPhillips, where LyondellBasell is the sole marketer of ConocoPhillips’ Bayway, New Jersey, produced polypropylene, according to a letter LyondellBasell sent to its customers obtained by Platts. LyondellBasell filed a motion in bankruptcy court indicating this intention, the letter explained. Calls to the company were […] Read more »
End Markets Processes INCOE presents QUICK-FLO for hi-cavitation molding July 11, 2009 by plasticsinfomart Plastics molding systems and specialized tooling manufacturer INCOE has recently developed a series of hot runner systems for the processing of commodity grade resins used in hi-cavitation molding. The QUICK-FLO (QF) systems are now available in addition to INCOE’s successful line of DIRECT-FLO Gold hot runners which are well suited for technical part molding with […] Read more »
Category Menu Product News SABIC introduces new bio-based composites July 11, 2009 by plasticsinfomart SABIC Innovative Plastics, a specialist in engineering thermoplastics, has delivered the first two products in a new line of LNP Thermocomp specialty compounds that use curauá fiber and wood flour natural reinforcements. Launched at NPE2009, the new bio-based materials underscore SABIC Innovative Plastics’ commitment to a cleaner and healthier environment. “Our new LNP Thermocomp composites […] Read more »
Market News Evonik to raise prices for carbon black pigments July 11, 2009 by plasticsinfomart Essen, the inorganic materials business unit of Germany’s Evonik Industries, will increase the prices of carbon black pigments by up to 9% from August 1, 2009. Evonik is the world’s second largest producer of carbon black pigments (furnace carbon black, lamp black and gas black). Source: plastics.2456.com Read more »