High prices for LDPE in Asia may affect the Russian market

Traditionally by the end of the year after all scheduled maintenance of the Russian producers , the prices for LDPE decrease. This year it may not repeat. The limited PE supplies from separate Russian producers have balanced the domestic market. The price offer within three months remains almost unchanged and is within the range 56.000 - 60.500 Rub./t, including VAT, FCA, for 158 LDPE.

At the same time PE price quotations in Asia continue their growth and last week they reached the level of USD 1.600 - 1.680/mt, CFR.The Asian market of LDPE is getting more and more attractive for the Russian producers. PE exports to China continues growing and in October it made up more than 10 KT. The main exporters are Tomskneftehim and Angarskiy polymers-producing plant.

Some marketers are afraid that high prices in Asia may condition the further growth of exports volumes and the exporters will be joined by Kazanorgsintez.

For more detailed information see the Price market reports ⌠Polyethylene in Russia

MRC

(Marketwire) -- Guanwei Recycling Corp. China's leading clean tech manufacturer of recycled low density polyethylene (LDPE), reported substantial year over year advances in revenue and net income in its third quarter ended September 30, 2010, citing increases in sales volume and selling prices as the key factors in the gains achieved.

Revenues in the 2010 third quarter increased to a record $14,983 mln more than double the $7,446 mln in reported revenues in the same quarter last year. Net income in the 2010 third quarter also advanced strongly to $3,547,997, up approximately 66% from net income of $2,139,783 in the 2009 third quarter.

The Company said that in the third quarter of 2010, sales volume of manufactured recycled LDPE and sorted non-LDPE material grew to 12,684 tons from 7,901 tons in the same period last year. The Company also realized price increases for its manufactured LDPE and for the much smaller amount of sorted non-LDPE material it sold.

Guanwei Recycling Corp. is one of the few plastic recyclers certified in China that also is audited by TUV Rheinland Cert GmbH which permits highly economic production of the highest grades of LDPE.

MRC

(Marketwire) -- Guanwei Recycling Corp. China's leading clean tech manufacturer of recycled low density polyethylene (LDPE), reported substantial year over year advances in revenue and net income in its third quarter ended September 30, 2010, citing increases in sales volume and selling prices as the key factors in the gains achieved.

Revenues in the 2010 third quarter increased to a record $14,983 mln more than double the $7,446 mln in reported revenues in the same quarter last year. Net income in the 2010 third quarter also advanced strongly to $3,547,997, up approximately 66% from net income of $2,139,783 in the 2009 third quarter.

The Company said that in the third quarter of 2010, sales volume of manufactured recycled LDPE and sorted non-LDPE material grew to 12,684 tons from 7,901 tons in the same period last year. The Company also realized price increases for its manufactured LDPE and for the much smaller amount of sorted non-LDPE material it sold.

Guanwei Recycling Corp. is one of the few plastic recyclers certified in China that also is audited by TUV Rheinland Cert GmbH which permits highly economic production of the highest grades of LDPE.

MRC

(PRNewswire) -- Braskem and INEOS Technologies have entered into a strategic partnership for PE technologies, under which Braskem is able to acquire licenses for Innovene S slurry and Innovene G gas-phase technologies to produce high density PE and linear low density PE, in future petrochemical projects. In addition, Braskem and INEOS Technologies will jointly conduct research and development programs for the slurry and gas-phase PE platforms.

The first petrochemical project to benefit from the partnership is the Etileno XXI project in Mexico, a project that is the basis of the newly established Braskem IDESA S.A.P.I joint venture between Braskem and GRUPO IDESA. The plants will produce a full range of monomodal and bimodal high density and medium density polyethylene resins, with a total name plate capacity of 750 KTA. Key product areas to be served by the new plants include pipe, blow molded containers, injection molding parts, film, and rotomolded tanks.

Braskem is the largest producer of thermoplastic resins in the Americas. With 31 plants located throughout Brazil and the Unites States, the company produces more than 14 billion pounds of thermoplastic resins each year.

MRC

Справка Маркет Репорт

(Plastemart) -- For The Bruckner Group, the K 2010 has been the highlight of a very special year: the company has celebrated its 50th anniversary and hit the road to the largest total order quantity ever.

Several contracts have even been freshly signed during the K. Among them were: highly advanced BOPET film production lines for high value packaging as well as industrial and optical applications; world`s largest BOPP lines with a working width of 10.4m; concepts for new lines or the modification of existing biodegradable film lines.

Founded in 1960, Bruckner Maschinenbau today ranks amongst the worldwide leading suppliers of production lines for high value mono- and biaxially stretched film as well as first-class equipment for the manufacture of cast film and sheet. In the field of film stretching technology Bruckner Maschinenbau is the world market leader.

MRC