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Market News

Spot ethylene prices plunge in Asia on rising supply levels

by plasticsinfomart

Spot ethylene prices plunged in Asia during this past week. Although spot naphtha prices are suggesting only minor changes week over week, the steep drops in ethylene costs were due to easing supply levels as crackers resumed operations in June following maintenance shutdowns, according to ChemOrbis. Spot ethylene prices slumped by around $100/ton on CFR […]

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Industry

Brückner: solutions lead to success

by plasticsinfomart

“It is important for Brückner to show that we are a solution provider starting from the first discussion with customer,” emphasized Markus Gschwandtner, Sales Director, Brückner Maschinenbau. “Not just talk about what equipment he needs, but what applications and solutions he is looking for. At CHINAPLAS 2015, Brückner highlighted its Intelligent Line Management (ILM) system […]

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Market News

Asian ethylene-naphtha spread at its highest since 2008

by plasticsinfomart

According to ChemOrbis Price Wizard, the spread between ethylene and naphtha prices in Asia reached their highest levels reported since 2008. Current Asian naphtha prices are almost $400/ton below their levels reported a year ago. This downward trend on naphtha costs is in line with the trend observed in crude oil prices on NYMEX, as […]

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Industry

Arburg to set up expert teams for automation business in China

by plasticsinfomart

Injection molding powerhouse Arburg had its best result in history last year. Consolidated turnover amounted to €548 million while value of incoming orders is 15% higher than 2013 in euro terms. Because of the booming automation business in China, which is growing “over proportional” as described by Helmut Heinson, Arburg Managing Director of Sales, the […]

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Industry

Confidence on CHINAPLAS in Shanghai as visitors put weight on quality

by plasticsinfomart

To Massimo Maccagnola, Sales Manager Technical Support of Omipa Extrusion Machinery, what made the latest edition of CHINAPLAS stand out is that he has met with many more potential customers than in the past editions. The quality level of show visitors has obviously escalated, while buyers are increasingly concerned about the quality than the price […]

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Industry

Wittmann aiming to double capacity in wake of automation boom

by plasticsinfomart

Wittmann Battenfeld, who set up an additional booth in the Industrial Automation Zone apart from its original stand at CHINAPLAS 2015, has been producing robots in China 10 years ago. “Back then people questioned why we were doing it because it was a very advanced concept and the labor was so cheap,” Jonathan Ching, Managing […]

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Industry

Huntsman targeting fast rising wearable electronics sector

by plasticsinfomart

Wearable electronics, a fast rising sector, was the focus of Huntsman’s thermoplastic polyurethanes (TPU) business at CHINAPLAS 2015. According to ABI Research, the number of wearable devices for fitness and wellness applications will grow from 16.2 million in 2011 to 93 million in 2017. The last two years has seen the market for high-tech personal […]

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PP price

Market News

Domestic PP trading at a discount to imports in China

/ by plasticsinfomart

Players in China report that domestic PP prices continued to soften this week, causing domestic PP to trade at a discount to import cargoes, according to data from ChemOrbis Price Index. Attractively-priced local PP is said to be exerting downward pressure on import prices as sellers offering overseas cargoes are facing pressure to give ground […]

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