Market News China scrap plastic market on 13th, Apr. April 13, 2009 by plasticsinfomart PMMAPMMA market moved steadily as there remained the demand. Traders kept cool and sold the stockpiles when they considered the price was OK. The latest price: PMMA shred 9,100RMB per ton. PAPA scrap price rose slightly and the trade volume has increased as the customers felt optimistic about the market in the near future. The […] Read more »
Category Menu Product News Green light for the next stage of Borouge's PE and PP expansion April 13, 2009 by plasticsinfomart Borouge is to move to the next stage in the expansion of its polyolefins operation at Ruwais in Abu Dhabi. Its Borouge 2 project is still in construction and is not scheduled to start up until 2010, but a year ago the company – a joint venture between Borealis of Austria and Abu Dhabi National […] Read more »
Category Menu Product News Green light for the next stage of Borouge’s PE and PP expansion April 13, 2009 by plasticsinfomart Borouge is to move to the next stage in the expansion of its polyolefins operation at Ruwais in Abu Dhabi. Its Borouge 2 project is still in construction and is not scheduled to start up until 2010, but a year ago the company – a joint venture between Borealis of Austria and Abu Dhabi National […] Read more »
Market News U.S. Markets 13th April 2009 April 13, 2009 by plasticsinfomart Polymer grade propylene traded in familiar territory Monday. Ethylene price ideas were steady, but no transactions were confirmed. NGLs slid and spot resin prices were steady. April PGP traded at 26.5 cpp, flat from the last confirmed deal, done on April 8. No bids or offers were confirmed for April PGP at the end of the […] Read more »
Market News Oman posts $4.1 billion 2008 surplus on oil rally April 12, 2009 by plasticsinfomart Non-OPEC oil producer Oman posted a budget surplus of 1.58 billion rials ($4.1 billion) in 2008, the highest this decade, as revenues from oil exports surged, official data showed. Total state revenues rose 34.9 percent to 7.98 billion rials while expenditures by the Gulf state climbed 8.9 percent to 6.4 billion rials, the Ministry of […] Read more »
Market News Alaska forecasts oil-output drop, more oil spending April 12, 2009 by plasticsinfomart Alaska North Slope oil output is expected to drop 5 percent in the coming fiscal year as its oilfields age, and average prices of its crude oil are expected to fall, causing a dip in income for the state, its Department of Revenue forecast on Friday. Despite that, the state sees increased spending in the […] Read more »
Market News Official: Iran favors oil price between $75 and $80 April 12, 2009 by plasticsinfomart Iran’s Oil Minister Gholam Hossein Nozari told a press conference Sunday that the oil price between 75 and 80 U.S. dollars would be favorable for Iran, the local ISNA news agency reported. “The favorable price of oil to develop (Iran’s oil) fields is between 75 and 80 U.S. dollars,” Nozari was quoted as saying. Referring […] Read more »
Market News Plastic can contain recession impact April 12, 2009 by plasticsinfomart Plastic is a silver lining in the global recession gloom, said participants at a seminar organised in the city on Saturday. “Per capitaconsumption of plastic in India is just 5.2 kg which is much lower than the world’s per capita consumption of 25 kg. It indicates thatthere is a huge potential in this field as […] Read more »