The essential briefing on materials, markets, regulation, packaging, recycling, and the people moving the plastics industry forward.
Low density polymer today stepped up by 50 paise per kg on local plastic market in the national capital on better offtake by plastic bag makers. Traders said better offtake by plastic bag makers led to rise in low density (LD) polymer prices. LD No 40 and LD No 400) traded higher by paise 50 […]
The rubber production in Malaysia has been strongly affected by the ongoing economic slowdown. According to news from infotainment web portal Sina.com, lesser demand on rubber has led to decrease in production, export and import. Department of Statistics Malaysia announced last Friday (Apr 17) that the country’s natural rubber reserve dropped to 161,691 tons in […]
Wholesale prices of polymers today generally remained unchanged on local plastic market in the national capital in scattered buying or selling. Traders said negligible buying by plastic moulding units and bag makers mainly kept polymer prices unchanged. Following were today&aposs quotations in Rs per kg:. LD No 40 -77.00, LD No 400 – 8100 LLDP […]
The 42 percent, four-month rebound in rubber prices may be coming to an end as global tire demand plunges the most in three decades. Tire makers, the biggest consumers of rubber, may report a 6.8 percent sales slump in 2009 as the global recession cuts auto demand, according to the government-funded International Rubber Study Group […]
PET bottle resin notations rose in March on higher feedstock, the newsletter Plastics Information Europe ( Bad Homburg / Germany; www.pieweb.com) says in a report now online. Contract prices settled out EUR 70/t higher, but short of producers’ EUR 100/t target. While not helping to restore sinking margins it was the best that could be […]
Oil rose to nearly $50 a barrel on Thursday but gains were limited as mixed data from the United States and China reminded investors that any signs of economic recovery were tentative. U.S. crude for May delivery rose 73 cents, or nearly 1.5 percent, to settle at $49.98 a barrel, after hitting $50.48 earlier in […]
Ashland Performance Materials, a commercial unit of specialty chemical products provider Ashland Inc., is increasing the price of its unsaturated polyester resins and gelcoats sold in Europe and Asia Pacific regions by 3 to 4% effective May 1, or at the earliest possible time thereafter depending on individual customer contracts. This price increase, according to […]
Oil slipped under $50 a barrel on Tuesday on forecasts for softer 2009 global petroleum demand and for a weekly build in U.S. crude supplies. The U.S. Energy Information Administration (EIA) lowered its 2009 world oil demand forecast by 180,000 barrels per day. to just over 84 million bpd. In addition, the government reported U.S. […]