MOSCOW (MRC) – September contract prices of propylene grew by EUR105/tonne, but European makers are going to get a price rise of PP by EUR150-200/tonne, report MRC analysts.
On Friday, September contract prices of propylene were agreed in Europe. Monomer for September shipments rose in value by EUR105/tonne from August. However, this month European makers intend to get an increase in PP prices by EUR150-200/tonne on low margin and tightened supply.
Negotiations on September level of export PP prices for CIS countries have just begun, but European makers are already voicing their bold statements regarding September prices. Price-offers for September shipments of homopolymer PP are voiced in the range of EUR1,320-1,380/tonne, FCA.
It is rather hard for many companies importing European PP to accept the current rise in prices. Over the past two months PP prices have risen by more than EUR300/tonne. As buyers of European PP report, they are already in no position to influence the price formation process since there is no serious alternative at the moment. Over the past two months Asian makers have been selling their volumes quite speedily. Middle Eastern producers decided to adapt to the European market.
MRC
(AMEinfo) -- In a step that reinforces its expansion plans, Intercoil International, the Dubai-based sleep products manufacturer, today announced plans to open its state-of-the-art polyurethane foam manufacturing plant in Ras Al Khaimah in Q 4, 2012, under the entity International industries LLC, a sister company of Intercoil International. The plant located at Al Ghail Industrial area in RAK.
The plant, which becomes fully operational in December 2012, boasts of the latest technologies in foam production, including a fully automated computerized long blocks handling and processing system. These technologies will greatly enhance production capacity, and will enable the company to produce all quality and grades of polyurethane foam including HR, and Viscoelastic.
Intercoil also plans to expand its presence in at least two new countries every year - it currently operates in 8 countries across two continents, and exports to more than 22 countries in the region.
MRC
(solvay) -- Solvay has announced that its Global Business Unit Aroma Performance will supply two Bollore Group affiliates, Batscap and BatHium Canada Inc, with specialty Lithium Salt grades (LiTFSI) for their Lithium-Metal-Polymer (LMP) batteries. Aroma Performance will manufacture its lithium salt electrolytes in its manufacturing specialty fluorinated derivatives plant at Salindres, France and in China.
This contract complements the strategic supply contract with both companies for specialty grades of Solvay's high performance polymer Solef PVDF which it struck last year. Both supply contracts are a result of a common R&D program of both Groups.
Solvay, international chemical Group, offering a broad range of products. A balanced portfolio of products in markets such as consumer goods, construction, automotive, energy, water and environment and electronics.
MRC
(newstoday) -- Dow Chemical has announced recently that the company is focusing to double its revenue to achieve USD1.5 billion in Taiwan before 2015. The announcement was made during Peter Sykes's (President of the Greater China Region) visit to Taiwan.
Dow is aiming to accomplish its targets by paying more attention towards the flourishing green business in Taiwan, and enhancing mutual cooperation with the local companies.
Dow Chemical is an American multinational chemical corporation. As of 2007, it is the second-largest chemical manufacturer in the world by revenue after BASF. Dow is a large producer of plastics, including polystyrene, polyurethane, polyethylene, polypropylene, and synthetic rubber.
MRC