(plastemart) -- Exxon Mobil Corp.'s polyethylene supply from Singapore is affected due to an outage at its 480,000 tpa plant. Consequently, its polyethylene supply is affected.
The upstream 900,000 tpa naphtha cracker at the site continues to run, while operational issues have shut down the 600,000 tpa polyethylene (PE) plant and its 405,000 tpa polypropylene (PP) plant early this week. An increase is expected in the number of ethylene July loading cargoes for sale.
(prw) -- Carl Reeve, managing director of Data Plastics, has announced the purchase of his firm's tenth acquisition of an injection moulding company. The Witney, Oxfordshire, based operation has purchased the assets and goodwill of London-based trade moulder Abbey Plastics & Tooling.
The owner of Abbey Plastics & Tooling, David Parker, will work with Data Plastics to develop a range of polycarbonate drinking glasses and will also continue to offer product and tooling design and new product development assistance to former Abbey customers.
(prf) -- Total Petrochemicals Inc., a leading polypropylene (PP) producer, and Milliken Chemical, a division of Milliken & Company, collaborated on a new metallocene PP resin clarified with Milliken's Millad technology. The new material, Total Petrochemicals' Lumicene polypropylene, produces thermoformed parts with superior clarity and gloss and excellent side wall stiffness.
Lumicene is an extremely clean resin that complies with U.S. Food and Drug Administration (FDA) regulations regarding food contact. During processing, this resin delivers optimum thermal stability for superior color, clarity and processability, as per Total.
TOMSK (SIBUR) - Tomskneftekhim, SIBUR associate, started production of new general purpose polypropylene (PP) grade.
According to SIBUR, new 21020-16Н grade delivers high thermostability and thermal-oxidative ageing resistance, which gives converters opportunity to produce new goods with better durability and strength properties.
The product will expand the range of company's general purpose grades and will be used to produce technical and consumer goods: geotextiles, carpet lining, strapping materials, woven sacks, elastic packaging and toys.
MRC
MRC Reference
Sibur Holding is the largest Russian petrochemical group.
Shareholders:
Gazprombank (70% minus 1 share);
Gazfond (25% plus 1 share);
5% reserved for option program.
Russian converters had seriously cut down polypropylene purchases by the end of June. Launch of PP plants after the scheduled maintenance in Ufa and Kapotnya with the total capacity of 200.000 tpa at the end of June should lead to market saturation and, as a result, price decrease. Continuously falling prices in Asia is also a serious argument for the converters.
Russian producers have not chnaged July PP prices seriously. Raffia prices vary within the range of RUB 58.500 - 60.000/mt, including VAT, FCA. In the second half of July, PP production in Tomsk is going to be shut down for planned repairs. Operations are expectedly to be resumed in mid-August.
PP prices in Asia had been falling since the beginning of May and lost more than USD 150/mt by the end of June. The European market, contrariwise, is demonstrating a stable growth of prices being pushed up by scarce supply. Despite the EUR 20/mt decrease of contract prices for propylene in Europe, some European producers have raised July PP prices by EUR 15 - 30/mt. Some companies have nevertheless not chnaged their prices. Generally, PP-homo prices for Russian companies were fixed within the range of EUR 1.220 - 1.280/mt, FCA.
For more information about the Russian PP market, please, refer to MRC Price reports.
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