Market News Oil steady above $69 after fall on gasoline build July 2, 2009 by plasticsinfomart Oil prices were little changed just above $69 a barrel on Thursday, after falling in the previous session on data showing a larger-than-expected increase in U.S. gasoline stocks, which dented hopes of a demand recovery. The next major clue on the economy of the world’s top energy consumer will come from the widely watched U.S. […] Read more »
Market News Tyres: Cut customs duty on inputs July 1, 2009 by plasticsinfomart The Tyre Industry is one of the industries that have been majorly affected by the global economic meltdown. The Net Profit margins of the industry has drastically declined to 0.96 per cent in FY 09 as against 4.84 per cent in the corresponding previous year. This down turn was mainly due to fall in demand. […] Read more »
Market News Asian naphtha crackers to run at full tilt in July July 1, 2009 by plasticsinfomart Asian cracker operators plan to keep ethylene production at close to full rates for the third straight month in July, against earlier expectations, due to prevailing strong derivative polymer prices, industry sources said on Wednesday. An informal survey among cracker operators in northeast and southeast Asia showed that the bulk of the 67 facilities in […] Read more »
Category Menu Product News China PE, PP trade slows; importers resist price hikes July 1, 2009 by plasticsinfomart China’s demand for imported PE and PP has tapered off in the past two to three weeks as buyers strongly resisted price hikes, industry sources said on Tuesday. The country is the world’s largest importer of PE and PP. “There seems to be a stand-off between buyers and sellers now. Many importers decline to buy […] Read more »
Category Menu Product News Prove oxo-degradables are sustainable, says EuPR July 1, 2009 by plasticsinfomart The recent condemnation of oxo-degradable additives by the European Plastics Recyclers Association and the US-based National Association for PET Container Resources brought a rebuff from Symphony Environmental Technologies, which makes oxo-degradable additives. The two organisations had expressed concerns about the contamination of the recycling stream by additives that could lead to a waste of a […] Read more »
End Markets Processes Singapore postponement buys Lanxess time to develop new butyl technology July 1, 2009 by plasticsinfomart The largest investment project yet from Lanxess, its Eur 400 million 100,000 tonnes capacity butyl rubber plant to be built in Singapore, has been delayed due to the global economic crisis. Instead of starting up in 2011 as originally planned it has been put back to 2014. While the anticipated fall in demand for […] Read more »
Category Menu Product News LANXESS offers New Grade of Rubber with Phthalate-Free Plasticizer June 30, 2009 by plasticsinfomart Leverkusen – As part of its Green Chemistry initiative, the specialty chemicals group LANXESS AG is launching Krynac M 3340 VP, a new grade of nitrile rubber that contains a plasticizer which is not considered as hazardous substance. In doing so, the LANXESS Technical Rubber Products business unit is providing an equivalent technological replacement for […] Read more »
Category Menu Product News Owens Corning Licenses Award-Winning Twintex® Reinforcement Technology June 30, 2009 by plasticsinfomart Owens Corning, a world leader in glass fiber reinforcements and residential and commercial building materials, announced that it has licensed its award-winning Twintex® reinforcement technology to Fiber Glass Industries, Inc., Amsterdam, N.Y. Twintex® technology will be used by Fiber Glass Industries to produce GLASS POLYPRO™ roving and fabrics that combine glass fibers and polypropylene filaments. […] Read more »