Market News Gulf OPEC OK for now with $50 oil, sees risks April 27, 2009 by plasticsinfomart Gulf oil producers said on Sunday they can tolerate moderate crude prices for longer to help revive global growth, but shared a concern with consumer nations that a prolonged period of low prices could sow the seeds of a future fuel price spike. At a meeting with Asian oil consumer countries including Japan and China, […] Read more »
Market News Rubber-growing Nations Cut Exports To Prop Up Prices April 27, 2009 by plasticsinfomart Thailand, Indonesia and Malaysia, the world’s top three natural rubber producers, have agreed to reduce exports by 48,000 tonnes per month in the second quarter of the year to prop up falling prices of the product. Yium Tavarolit, chief secretary of the International Rubber Consortium (IRCo), said the proposal needed ratification by the International Tripartite […] Read more »
Category Menu Machinery News SACMI presents fastest compression molding machine at Chinaplas 2009 April 27, 2009 by plasticsinfomart Chinaplas 2009 is to be held in Guangzhou, China from May 18 to 21. At this important event SACMI Closures&Containers, an Italian manufacturer of complete lines for plastic cap production, will partner Assocomaplast (the association of top Italian manufactures of machines and molds for plastic and rubber materials) to present a preview of the new […] Read more »
Category Menu Product News Ineos HDPE Bmldg auction done at 39.7 cents/lb, late May loading April 24, 2009 by plasticsinfomart Ineos high density blow molding PE auction was done at 39.7 cents/lb delivered in railcars to Houston for late May loading, industry sources said Thursday. Fifteen railcars were up for auction, but it was not reported how many were actually sold. When put in bags, the price would be 42.2 cents/lb or $930/mt FOB Houston. […] Read more »
Environment Recycling News Teijin Fibers introduces first recycled polyester tire cords in Europe Teijin Fibers introduces… April 24, 2009 by plasticsinfomart Teijin Fibers Limited, a Japanese technology-driven group, announced yesterday (Apr 23) that its chemically recycled polyester ECO CIRCLE FIBERS are now being used in the cords of Toyo Tire & Rubber’s PROXES Ne tires, which Toyo Tire Europe GmbH introduced to the European market beginning in April 2009. Toyo Tire & Rubber is a maker […] Read more »
Category Menu Product News Kraton's new polymer grades offer lower VOC April 24, 2009 by plasticsinfomart Kraton Polymers LLC, a global producer of engineered polymers, announces a series of new formulations designed to support lower Volatile Organic Compound (VOC) requirements and reduce costs associated with contact adhesives. The unique structure of the styrenic block copolymers (SBCs) provides key advantages to formulators; the end block enables cohesion, good load bearing properties and […] Read more »
Category Menu Product News Kraton’s new polymer grades offer lower VOC April 24, 2009 by plasticsinfomart Kraton Polymers LLC, a global producer of engineered polymers, announces a series of new formulations designed to support lower Volatile Organic Compound (VOC) requirements and reduce costs associated with contact adhesives. The unique structure of the styrenic block copolymers (SBCs) provides key advantages to formulators; the end block enables cohesion, good load bearing properties and […] Read more »
Market News Oil rises as dollar falls, stock market gains April 23, 2009 by plasticsinfomart Oil rose on Thursday as a fall in the dollar and stock market gains outweighed rising U.S. inventories. U.S. crude settled 77 cents higher at $49.62 a barrel, after earlier trading down to $48.37. London Brent crude traded up 30 cents to settle at $50.11 a barrel. The euro gained against the dollar as demand […] Read more »