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BLOGS - ALL PRODUCT NEWS

Ship movement confirmed in the Suez Canal

On 25 Mar 2021 at 11:22 IST

A Polymerupdate source in Egypt responded to a recently filed newsfeed - ‘Suez Canal Blocked After Giant Container Ship Runs Aground’ and said, “ a local port agent in Egypt has confirmed that the stranded vessel ‘Ever Given’ has been partially re-floated and........
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Suez Canal blocked after giant container ship runs aground

On 25 Mar 2021 at 10:42 IST

Crude oil prices have spiked as market participants are evaluating the impact on global crude oil flows after a large container ship heading towards the Mediterranean ran aground in the Suez Canal, one of the most heavily trafficked sea trade networks. The........
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SM prices edge lower in Asia on Wednesday

On 25 Mar 2021 at 08:30 IST

On Wednesday, SM prices witnessed a drop in Asia. The price fall was on the back of weaker upstream costs coupled with softer demand trends in key markets like China.Reports of improved product availability in the region further supported the price drop.FOB........
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PTT Global eyes maintenance LDPE Plant

On 24 Mar 2021 at 08:40 IST

PTT Global Chemical (PTTGC), is in plans to undertake a planned shutdown at its low density polyethylene (LDPE) plant.A Polymerupdate source in Thailand informed that, the company is likely to shut the plant for maintenance on April 23, 2021. The plant is........
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Propylene prices decline in Asia on Tuesday

On 24 Mar 2021 at 08:30 IST

Propylene prices drifted lower in Asia on Tuesday. The sharp price fall was prompted by weaker upstream crude and naphtha values, coupled with bearish demand trends in major markets like China. FOB Korea propylene prices were assessed at the USD 1155-1160/mt........
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TK Chemical resumes PET production

On 23 Mar 2021 at 09:20 IST

TK Chemical, has brought on-stream its polyethylene terephthalate (PET) unit following a turnaround.A Polymerupdate source in South Korea informed that, the company resumed operation at the unit on March 16, 2021. The unit was shut for maintenance on February........
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MEG prices gain in Asia on Monday

On 23 Mar 2021 at 08:30 IST

MEG prices climbed higher in Asia on Monday. The price rise was triggered by improved buying sentiments in the region coupled with firmer MEG futures on the Dalian Commodity Exchange in China.CFR China prices of MEG were assessed at the USD 650-655/mt levels,........
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Dongguan Grand Resource likely to shut PDH plant

On 22 Mar 2021 at 09:20 IST

Grand Resource Science and Tech, is in plans to take off-stream its propane dehydrogenation (PDH) plant for maintenance.A Polymerupdate source in China informed that, the company is likely to halt operations at the plant by end-March, 2021. Further details on........
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Ethylene prices plunge in Asia

On 22 Mar 2021 at 08:30 IST

Last week, ethylene prices drifted sharply lower in Asia. The steep price fall was on the back of a tumble in upstream crude and naphtha values, coupled with bearish downstream SM and MEG product demand and pricing trends.CFR North East Asia ethylene prices........
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Fujian Refining & Petrochemical plans to shut No. 2 PP unit

On 20 Mar 2021 at 08:40 IST

Fujian Refining & Petrochemical, is likely to take off-stream its No. 2 Polypropylene (PP) unit in Quanzhou, Fujian.A Polymerupdate source in China informed that, the company is likely to start maintenance at the unit on March 21, 2021. Further details on the........
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SPE Joins Pworld Technology and Polymerupdate As Organising Partner for Recycling And Circular Economy (RACE) Conferences

On 19 Mar 2021 at 12:45 IST

SPE, SPE’s India Section and SPE’s Recycling Division have been named collaborating organizers with Pworld Technology PVT LTD and Polymerupdate for an upcoming series of Recycling and Circular Economy (RACE) conferences. Three RACE conferences, each taking........
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HDC Hyundai resumes PS production

On 19 Mar 2021 at 09:10 IST

HDC Hyundai EP has brought on-stream its Polystyrene (PS) unit following a maintenance turnaround.A Polymerupdate source in South Korea informed that the company resumed operations at the plant on March 15, 2021. The unit was shut for maintenance on March 3,........
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MEG prices fall in Asia on Thursday

On 19 Mar 2021 at 08:30 IST

On Thursday, MEG prices dropped in Asia. The price fall was prompted by weaker regional buying sentiments and sufficient product avails.Bearish upstream ethylene values and weaker MEG futures on the Dalian Commodity Exchange in China, further supported the........
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IRPC to shut Rayong naphtha cracker for maintenance

On 18 Mar 2021 at 10:10 IST

Integrated Refinery and Petrochemical Co (IRPC) is in plans to undertake a planned shutdown at its Rayong cracker this weekend.A Polymerupdate source in Thailand informed that the company is likely start maintenance turnaround at the cracker on March 20,........
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SM prices plunge in Asia on Wednesday

On 18 Mar 2021 at 08:30 IST

On Wednesday, SM prices witnessed a steep drop in Asia. Prices tumbled, mainly on account of bearish demand trends in key markets like China and sufficient product availability. A persistent drop in upstream benzene values, further supported the sharp price........
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Tianjin Bohai starts maintenance at PDH plant

On 17 Mar 2021 at 08:50 IST

Tianjin Bohai has undertaken a planned shutdown at its propane dehydrogenation (PDH) plant.A Polymerupdate source in China informed that the company has started turnaround at the plant on March 18, 2021. The plant is likely to remain under maintenance for........
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Propylene prices firm up in Asia

On 17 Mar 2021 at 08:30 IST

Propylene prices marched higher in Asia on Tuesday. The sharp price gain was prompted by continued tight regional product availability coupled with bullish demand trends.Stronger upstream costs further supported the price rise.FOB Korea propylene prices were........
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Sinopec shuts No 2 LDPE unit at Guangdong

On 16 Mar 2021 at 08:40 IST

Sinopec Maoming Petrochemical, has taken off-stream its No. 2 Low density polyethylene (LDPE) unit.A Polymerupdate source in China informed that, the company recently halted operations at the unit for maintenance. Further details on duration of the shutdown........
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Propylene prices climb higher in Asia on Monday

On 16 Mar 2021 at 08:30 IST

Propylene prices witnessed a rise in Asia on Monday. The price rise was prompted by stronger upstream energy values and bullish regional demand trends. Persistent limited product availability in the region further supported the price gain.FOB Korea propylene........
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Formosa Plastics to shut PVC plant for maintenance

On 15 Mar 2021 at 09:15 IST

Formosa Plastics Corporation, is in plans to take off-stream its Polyvinyl chloride (PVC) plant in Jen-Wu.A Polymerupdate source in Taiwan informed that, the company is likely to halt operations at the plant for maintenance by end-March, 2021. The exact........
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Butadiene prices race higher in Asia

On 15 Mar 2021 at 08:30 IST

Last week, butadiene prices galloped higher in Asia. The steep price gain was triggered by tight product availability, stronger upstream costs and bullish demand trends across the Asian region.Firmer downstream product demand and pricing trends further pushed........
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Ethylene prices gain in Asia

On 13 Mar 2021 at 08:30 IST

This week, ethylene prices climbed higher in Asia. The price rise was supported by persistent tight product availability in the region and stronger buying sentiments.Firmer upstream crude and naphtha values further pushed prices higher in Asia.CFR North East........
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Nanjing Chengzhi eyes maintenance at MTO plant

On 12 Mar 2021 at 09:10 IST

Nanjing Chengzhi Clean Energy, is likely to undertake a planned shutdown at its methanol-to-olefins (MTO) plant.A Polymerupdate source in China informed that, the company has schedule maintenance turnaround at the plant in month of April 2021. The exact date........
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Propylene prices edge higher in Asia on Thursday

On 12 Mar 2021 at 08:30 IST

On Thursday, propylene prices were assessed higher in Asia. The price rise was prompted by firmer upstream energy values coupled with persistent tight product availability in major markets like China.Stronger downstream PP demand and pricing trends further........
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Styrindo Monomer Indonesia to start maintenance at SM unit

On 11 Mar 2021 at 08:40 IST

Styrindo Monomer Indonesia, is in plans to shut a Styrene monomer (SM) plant for a turnaround.A Polymerupdate source in China informed that, the company is likely start maintenance at the SM unit by Mid-March, 2021. The exact duration of planned shutdown........
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SM prices plunge in Asia on Wednesday

On 11 Mar 2021 at 08:30 IST

On Wednesday, SM prices witnessed a steep drop in Asia. The steep price fall was in line with weaker upstream crude values coupled with bearish benzene feedstock values. Reports of sluggish regional buying sentiments in key markets like China, further........
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Unipar plans maintenance at Santo Andre PVC plant

On 10 Mar 2021 at 08:40 IST

Brazil's Unipar is likely to undertake a planned shutdown at its polyvinyl chloride (PVC) plant.A Polymerupdate source in Brazil informed that, the company is expected to shut the plant for a maintenance turnaround on March 22, 2021. Further details on........
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Ethylene prices gain in Asia on Tuesday

On 10 Mar 2021 at 08:30 IST

On Tuesday, ethylene prices climbed higher in Asia. The price rise was in line with high upstream costs and bullish regional demand trends. Reports of persistent constrained product avails and stronger downstream product margins further supported the price........
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Zhejiang Huahong to shut PDH unit

On 09 Mar 2021 at 08:40 IST

Zhejiang Huahong New Materials, is in plans to take off-stream its propane dehydrogenation (PDH) unit in Zhoushan, Zhejiang.A Polymerupdate source in China informed that, the company is likely to halt operations at the unit for maintenance in mid-March, 2021.........
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MEG prices bolster higher in Asia on Monday

On 09 Mar 2021 at 08:30 IST

MEG prices gained sharply in Asia on Monday. The sharp price gain was supported by stronger upstream energy and ethylene values, higher MEG futures on the Dalian Commodity Exchange in China, coupled with firmer downstream product pricing trends. CFR China........
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