Kazan PE80 was contracted for Rb60,357/tonne, including VAT, FCA Каzan that was only by Rb177/tonne higher than the contract price.
On Thursday trades in the electronic platform will go on, though a further price growth isn't expected because of a low demand for polyethylene pipes.
(PlasticsToday) -- Mitsui Chemicals, Inc. and its affiliated Prime Polymer Co. (both Tokyo) are to boost capacity for polypropylene compounds in Thailand to meet growing demands of the automotive materials sector in the region. An 18,000 tonnes/year expansion will take capacity from 122,000 tonnes/year to 140,000 tonnes/year. The new capacity should be on stream by the third quarter of 2012. A fully automated high-rise storage facility will also be constructed to accelerate delivery and improve its accuracy.
Although flooding in Thailand in 2011 temporarily affected the auto industry, with total production likely to be down 10% compared with the 1,645,000 vehicles manufactured in 2010, the country is expected to regain momentum as the ASEAN production and export hub for automobiles.
The current compound production augmentation will also cater to surges in demand for polypropylene automotive grades in Indonesia and neighboring countries.
The Mitsui Chemicals Group is targeting further global expansion of polypropylene compounds for automotive applications as a fundamental strategy of the 2011 Mid-Term Business Plan. This will encompass expansion of polypropylene compound production in seven major world markets (Japan, the United States, Mexico, Europe, Thailand, China, and India)
Production will start at the end of 2014. BASF plans to close down its 80,000 metric tons per year TDI production plant in Schwarzheide, Germany, when the new plant goes on stream. TDI is a key component mainly used for flexible polyurethane foams.
(PlasticsToday) -- Two of the world's largest players in the polyurethane market announced investments in their respective businesses to start the week, with Bayer releasing news of a euro 5 million investment in a new technical center for the development of isocyanate production processes on Jan. 16, and BASF broadcasting plans to build a single-train 300,000 tonnes/yr production plant for TDI (toluene diisocyanate) in Germany a day later.
BASF's plans entail a total investment of about EUR1 billion and the creation of around 200 additional jobs in Ludwigshafen. The company will construct a new hydrogen chloride recycling plant and expand existing nitric acid, chlorine, and synthesis gas plants. BASF said it also plans to expand the aromatics complex at the site to boost the supply of toluene.
Production is to start at the end of 2014, and will result in the shuttering of its 80,000 tonnes/yr TDI production plant in Schwarzheide, Germany. Following the investment, BASF's PUR precursor business will revolve around two sites: Ludwigshafen for the production of TDI and Antwerp for the production of MDI (diphenylmethane diisocyanate) and propylene oxide.
Bayer MaterialScience, meanwhile, has commissioned a new hydrogenation technical center at its Chempark Dormagen site, saying the euro 5 million investment will allow it to pool its research activities for the efficient production of PUR precursors MDI and TDI.