Market News Europe Gasoline-Plummets on lower U.S. RBOB futures June 23, 2009 by plasticsinfomart European gasoline prices plummeted by more than 8 percent on Monday after a large sell-off in U.S. RBOB gasoline futures lowered expectations for exports to the United States. European barges have fallen by almost $60 in one day,trading as low as $624 a tonne from above $680 in late Friday trade. U.S. RBOB futures have […] Read more »
Market News OPEC president says goal is still for $75 oil June 23, 2009 by plasticsinfomart OPEC president Angola said the group’s goal was still to achieve $75 a barrel by the end of the year, echoing earlier comment by leading exporter Saudi Arabia that the level was achievable without damaging a fragile world economy. “It’s the goal to achieve this price,” Jose Botelho de Vasconcelos, who is also Angolan oil […] Read more »
Environment Recycling News Upbeat Outlook for Plastics Recycling June 23, 2009 by plasticsinfomart Markets may be “in turmoil” at present but “a tremendous future” awaits plastics recycling, Surendra Borad of Belgium-based Gemini Corporation NV has predicted. The chairman of BIR’s Plastics Committee told delegates at the meeting in Dubai that plastics scrap has weathered the global economic storm better than many other commodities and better than had been […] Read more »
Category Menu Product News Americhem Develops Web-Based Color… June 19, 2009 by plasticsinfomart Americhem Inc., a global provider of custom color and additive solutions for polymer-based products, recently debuted vDesign®, an exclusive web-based software that brings a half century of expertise together in one highly advanced program for faster, more accurate color and property matching. “With vDesign®, our customers have worldwide resources at their fingertips. By uploading color […] Read more »
Market News Natural rubber in bear hug June 19, 2009 by plasticsinfomart Onset of the monsoon triggered a moderate bear rally in the natural rubber (NR) mart as the price of the benchmark grade RSS 4 dropped to Rs 96.50-97 a kg. The market depreciated Rs 3-3.50 per kg in just seven days. It was quoting at Rs 100 on the 10th of the month. As the […] Read more »
Category Menu Product News Vinyls producer LVM to keep NWE customers on allocation until Sep June 19, 2009 by plasticsinfomart Vinyls producer LVM will keep its Northwest European customers on “strict allocation” at least until the end of August, a company source said Thursday. The company had placed its PVC contract customers on allocation at the start of June, due a shortage of VCM and PVC stemming from the erosion in the caustic market. However, […] Read more »
Category Menu Machinery News Wittmann Battenfeld and SKZ Wurzburg make further cooperation June 19, 2009 by plasticsinfomart The SKZ Süddeutsches Kunststoff-Zentrum (South German Plastics Center) recently received another injection molding machine from Wittmann Battenfeld. SKZ is well known throughout the German-speaking region as an important contact point for plastics processors in matters relating to research and development, basic and advanced training, as well as product testing and certification. The 2,000 meters square […] Read more »
Category Menu Machinery News Injection molding work cell bursting with new technology at NPE June 19, 2009 by plasticsinfomart Mold-Masters, a specialist in hot runner technology, and Engel, an injection molding machine maker, will showcase a 10 cavity multi-material system at NPE, a US plastics trade fair to be held next week in Chicago. A completely balanced 10 cavity, 2 material poker chip will be produced every 22 seconds on an ENGEL e-max 110 […] Read more »