Category Menu Product News Europe polypropylene tightens on cracker cutbacks June 16, 2009 by plasticsinfomart Polypropylene (PP) availability in Europe is tightening and prices are rising, as cracker cutbacks lead to propylene constraints, sources said on Monday. “Our stocks are critical. We have never seen stocks so low,” said one major PP producer.PP buyers acknowledged that they had to pay higher prices in June, but several large buyers had still […] Read more »
Environment Recycling News Welsh Assembly grant boosts bottle recycling in Wales June 16, 2009 by plasticsinfomart Welsh recycler Plastic Sorting has been given a £450,000 grant by the Welsh Assembly to buy colour sorting and hot wash equipment for a new plant in Ebbw Vale. This will augment the company’s plant in Pontypool where it sorts bottles by polymer with equipment funded under another Welsh Assembly grant, of £850,000, in 2007. […] Read more »
Category Menu Product News Polycarbonate film has laser-read security June 16, 2009 by plasticsinfomart A security film for credit/debit cards but also with potential in logistics, brand protection and labelling has been developed by Bayer MaterialScience. The Makrofol ID ProteXXion polycarbonate film incorporates tiny metal platelets which are detected by a laser. These metallic identification particles (OVDot), are distributed stochastically and can be arranged in customised patterns to […] Read more »
Category Menu Machinery News Injection moulding scrap reduction research… June 16, 2009 by plasticsinfomart The first year of the three-year CAP-SCRAP project to reduce in-process scrap in injection moulding is drawing to an end and several streams of research are showing results. CAP-SCRAP is a project 50 per cent funded by the government’s Technology Strategy Board and aims to address concerns hindering scrap re-use in major injection moulding […] Read more »
Market News Basic Energy sees lower Q2 revenue June 15, 2009 by plasticsinfomart Oilfield services provider Basic Energy Services (BAS.N) said it expects its second-quarter revenue to be down sequentially due to lower activity across segments arising from weak natural gas markets. “We are currently projecting that revenues for the second quarter will be 23-25 percent lower than the first quarter with each of our major business segments […] Read more »
Market News Canada oil execs wary of boosting capital spending June 15, 2009 by plasticsinfomart A doubling of oil prices in the past six months has yet to convince many Canadian oil companies to fatten capital spending, partly because natural gas markets remain depressed, executives said on Monday. Crude has climbed above $70 a barrel in recent weeks as traders have wagered that the worst of the recession, which has […] Read more »
Market News Crude prices drop on stronger dollar June 15, 2009 by plasticsinfomart Crude prices dropped nearly 2 percent on Monday as the U.S. dollar extended its gains against a basket of major currencies. Light, sweet crude for July delivery dropped 1.42 dollars, or 2percent, to settle at 70.62 dollars a barrel on the New York Mercantile Exchange. The contract price fell below 70 dollars a barrel during […] Read more »
Market News Low density polymer trades lower on reduced offtake June 15, 2009 by plasticsinfomart June 15 Low density polymer prices today fell paise 50 per kg on the wholesale plastic market in the national capital due to reduced offtake by plastic bag makers. Marketmen said reduced demand from plastic bag makers mainly led to fall in low density (LD) polymer prices. Low density (LD) No 40 and (LD) No […] Read more »