Category Menu Product News BASF to make part of PS shutdown permanent June 25, 2009 by plasticsinfomart BASF is making further cuts in its polystyrene business by dismantling one of its units at Ludwigshafen in Germany, making permanent the shutdown of this plant in April. The move takes BASF’s European polystyrene capacity down by 80,000 tonnes to 540,000 tonnes, a reduction of around 13 per cent, and comes as a result of […] Read more »
Category Menu Product News Datacolor Introduces Match Pigment 2.1 Software Upgrade for the… June 25, 2009 by plasticsinfomart Datacolor, a global leader in digital color management technology, announced that it is introducing a powerful upgrade to its intelligent color formulation software solution designed for pigment based applications including the paint, plastics, ink, and cosmetics industries. Match Pigment 2.1 expands the functions and capabilities of previous versions by offering improved features including next generation […] Read more »
Market News Green group asks U.S. to bar Canada oil sands June 24, 2009 by plasticsinfomart An environmental group on Wednesday asked U.S. Secretary of State Hillary Clinton to deny permits for pipelines that would bring oil from Canada’s oil sands to the United States. ForestEthics said production from Canadian oil sands, also known as tar sands, generates up to five times more greenhouse gas emissions than conventional oil. It said […] Read more »
Market News Crude prices slip on gasoline buildup June 24, 2009 by plasticsinfomart Oil prices slipped on Wednesday as U.S. gasoline inventory rose more than predicted, raising concern that the recovery in fuel demand was not as strong as previously expected. Light, sweet crude for August delivery dropped 57 cents to settle at 68.67 dollars a barrel on the New York Mercantile Exchange. According to the U.S. Energy […] Read more »
Market News Chemoil says majority shareholders in stake sale talks June 24, 2009 by plasticsinfomart Chemoil Energy (CHEL.SI) said on Thursday its majority shareholders are in talks with various parties for the possible sale of part or all of the $465 million company. Sources familiar with the deal told Reuters on Wednesday that the family of Chemoil founder Robert Chandran is in talks to sell its 51 percent interest in […] Read more »
Category Menu Product News When Chinese Rubber Hits the U.S. Road June 24, 2009 by plasticsinfomart Washington, DC – Last week the U.S. International Trade Commission ruled affirmatively on a petition from the United Steelworkers on a Section 421 “safeguard investigation” under the 1974 Trade Act. The petition requested that the Administration cut the number of Chinese tires imported into the U.S., and the ITC is now working on proposed trade […] Read more »
Market News US June ethylene contracts could rise by as much as 3 cents/lb June 24, 2009 by plasticsinfomart June ethylene contracts in the US were expected to move higher on the back of gains in feedstock ethane earlier in the month, sources told Platts. Participants said it was still early and negotiations had yet to begin but the expectation was a possible three cents/lb gain. “It will most likely be next week before […] Read more »
Market News Domestic polypropylene prices in Brazil to climb higher in July June 24, 2009 by plasticsinfomart In Brazil, one polypropylene producer reported stable prices for the domestic market until the end of the June but said some increase are expected next month. “We are going to have an increase in PP prices for the Brazilian domestic market in July but we still don’t know how much the increase is going to […] Read more »