Polystyrene Market Update in North America, July 30, 2007

The Polystyrene market firmed a little this week. Some of the cheap offers, particularly lower grade, which have been hanging over the market seemed to have moved. New offers for better grade materials have come in at slightly higher prices.

For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10621&P=P

Polypropylene Market Update in North America, July 30, 2007

The Polypropylene market was mostly steady to perhaps $.005/lb lower this week. While the spot market had been trading about $.02/lb higher during July, it eased a tad after July resin contacts settled just $.01/lb higher. Producers had nominated a $.03-.04/lb price increase, but Propylene monomer contracts only settled $.0075/lb higher and since monomer and resin contracts have basically moved lock-step during 2007, the indices only gave resin producers a penny increase for July.

For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10620&P=P

Polyethylene Market Update in North America, July 30, 2007

It was an interesting week for Polyethylene trading, with anxiety building ahead of contract settlements. After a busy previous week, the spot market started out quiet and steady on Monday. A heavy flow of offers began on Tuesday, prices were mostly $.03/lb higher than end of June levels.

For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10619&P=P

Polymer Market Update in North America, July 30, 2007

The Spot resin markets were very busy this past week; the market was generally well supplied with a heavy flow of offers, particularly Polyethylene. When July Polyethylene contracts settled $.05/lb higher midweek, discounted spot offers (mostly $.02-.03/lb above June) became a relative bargain and active spot trading ensued at this level.
For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10618&P=P

BASF in talks with Dow to build Thai propylene oxide plant

Negotiations between BASF AG and Dow Chemical Company are ongoing to build a 390,000 tons propylene oxide (PO) manufacturing facility in Map Ta Phut, Thailand.

For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10617&P=P

Polymer price watch, 27 July 2007

Crude oil remained firm for the week ending 27 July, at over US$75 a barrel with supplies not being restored completely in Nigeria and high demand in the summer driving season. London Brent crude, settled at US$75.80 a barrel while New York Light sweet closed at US$ 74.88 a barrel. Naphtha prices declined from US$ 5-28 a ton on declining crude oil prices in the week ending 27 July.

For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10616&P=P

Blowing Agents and Foaming Processes Conference

Smithers Rapra Technology, a subsidiary of the US-based independent testing, consulting and contract research organisation, The Smithers Group, is pleased to announce the next Blowing Agents and Foaming Processes Conference, to be held in Berlin, Germany, from 20-21 May 2008.
For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10615&P=P

GAIL records 16% rise in net profits in QI-07

GAIL (India) Ltd. has recorded an impressive growth in Q1-07. Profit After tax (PAT) has increased by 16% to Rs.685 crore in Q1-07 as against Rs 592 crore in the corresponding quarter in the previous year. Turnover of the Company (excluding Excise Duty) has increased by 4% to Rs. 4,246 crore in the first quarter of 2007-08 as against Rs 4078 crore in the first quarter of the previous financial year.

For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10613&P=P

Reliance reports net profit of Rs. 3,264 crore in Q1-07

Reliance Industries Ltd (RIL) has reported a net profit of Rs. 3,264 crore for Q1-07, ended June 30, 2007, as compared to Rs. 2,547 crore in the same period in the previous year- recording an increase of 28.2%. The turnover increased by 12.7% to Rs. 29,493 crore and the cash profit by 23.7% to Rs. 4,527 crore. The increase in revenue was due to a 3% rise in prices and 10% growth in volume.

For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10612&P=P

Shenyang selects UNIPOL™ PE process for 100,000 tpa PE plant

Shenyang Paraffin-Wax Chemical Co. Ltd., an affiliate of Shenyang Chemical Group, has selected Univation's UNIPOL PE process for a 100,000 tpa polyethylene plant.

For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10611&P=P

Polystyrene prices jump 5¢/lb

Three months of stability in higher benzene and styrene costs, along with stable demand from end users, has allowed polystyrene producers to finally implement a 5¢/lb price increase this month that had been proposed to 92¢ some weeks ago.

For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10610&P=P

Global Reinforced Plastics market to cross 9 mln tons by 2010

Reinforced plastics, also known as polymer matrix composites or composite plastics or composites, refer to a specific plastic composition featuring embedded fibrous reinforcements, which render superior strength properties than those of the base resin.


For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10609&P=P

New petrochemical complex planned in Volgograd, Russia

Russia`s Nikokhim is mulling a new petrochemical complex at Volgagard. The project encompasses processing 2 mln tpa of direct-flow benzene and output of products worth $2.3 bln pa including 500,000 tpa PVC, 450,000 tpa polyethylene, 400,000 tpa of polypropylene and other products.

For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10608&P=P

Plastics Create Huge Concern for Glass Packaging Market

Sales of Glass Packaging Market will reach US$36.5 bln by 2010, exhibiting a meager growth rate. This performance will be attributed to performance benefits and technological innovations in plastics. The strongest threat to the glass packaging industry is posed by the plastic industry, which has seen rapid advancements in recent years. Plastic packaging industry is expected to far outpace not only glass, but other packaging materials also.

For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10607&P=P

Oil prices drop by one dollar amid speculative selling

After peaking to US$77 a barrel earlier in the day, oil prices dropped by almost one dollar per barrel, amid speculative selling. Light, sweet crude for September delivery fell to US$74.95 a barrel on the New York Mercantile Exchange. September Brent crude settled at US$75.18 a barrel Thursday on the ICE Futures exchange in London. The oil market's afternoon reversal couldn't be tied to any of the usual fundamental price movement theories.

Lyondell sued over purported low value of Basell deal

A labor union pension fund has sued Lyondell Chemical Co. for entering into a deal to sell the company for what it said is too low a price.

For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10605&P=P

New environmental panel in Taiwan denounced

Based on the names of new members appointed to an environmental impact evaluation commission, environmentalists have expressed grave concern about the future of the environmental protection campaign in Taiwan.

For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10604&P=P

New PET compounds and long glass fibre reinforced polymers

New PET compounds and long glass fibre reinforced polymers with improved properties will be the focal point of the presentation of compounding specialist TechnoCompound, at K 2007.

For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10603&P=P

M&G to build 1 mln ton PET plant in North America

The M&G Group plans to build a new generation technology PET plant in USA, with an annual capacity of 800,000 tons from a single line. While 650,000 tpa is scheduled to come on-stream in H1-09, the balance 150,000 tons will come onstream as per market requirements. Plant location will be announced upon finalisation of agreements and details, in a few weeks.
For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10602&P=P

Making Additives Add Up for Polyolefins

Polyolefins are very versatile polymers used in a wide variety of applications frompackaging film to geomembranes and pipe. The polymer and the additives are variedto match the property requirements for each application.

For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10596&P=P