ABS consumption in the Russian market fell in October

About 25% of the total volume of consumed ABS-plastics fall at the production of auto-parts. It is expected that the Russian government decision about extension of customs for cars imports will result in growing consumption of ABS-plastics in the Russian market.

MRC

MOSCOW (MRC) -- In December a considerable growth of linear polyethylene supplies to the Russian market is expected. The offer growth is expected due to imports as well as domestic production, MRC analysts say.

Nizhnekamskneftehim closed the production of linear polyethylene in October before scheduled maintenance. Kazanorgsyntez closed LLDPE production last October because of economical inexpedience.

Also because of October scheduled maintenance, there were no LLDPE supplies from Uzbekistan in November. As a result by the end of November in the Russian spot market there was no offer of butene LLDPE. The price offer for hexane polyethylene from Asia and Europe started from 65.000 rub./t.

In mid-December LLDPE production is to restart at Nizhnekamskneftehim. Also this week export bids in sales of PE from Shurtanskiy Mining & Chemical Combine were renewed. New polymers supplies from Uzbekistan are expected in the second decade of December. However the prices level won't exceed the November level.

MRC

(ICIS) -- PTT Chemicals' (PTTCH) net profit is expected to grow 49% year on year in 2011 to Thai baht (Bht) 17.5bn ($58.24m), spurred by higher product prices and improving demand, DBS Group Research said on Thursday.

PTTCH's key product prices would increase ⌠across the board during the 2011-2013 period to reflect improving demand resulting from the global economic recovery and sustainable high crude oil prices, DBS said in a research report.

Prices of PTTCH's monoethylene glycol (MEG) and low density polyethylene (LDPE) were expected to increase to $1,000/tonne and $1,500/tonne respectively in 2011, as compared to $900/tonne and $1,350/tonne in previous estimates, the report said.

Revenue for the whole of 2011, meanwhile, was expected to grow 21.4% year on year to Bht 124.7bn, according to the research report.

MRC

(Plastemart) -- Lummus Technology has been awarded a contract by Liaoning Tongyi Petrochemical Co., Ltd. for the license and engineering design of grassroots OCT olefins conversion units and CATOFIN dehydrogenation units at several of its sites in the People's Republic of China. The units will produce 684 tpa of isobutylene and 950 tpa of propylene.
CB&I designs, engineers and constructs some of the world's largest energy infrastructure projects, providing a full spectrum of EPC solutions and proven process technologies.

MRC

(Plastemart) -- Dow Chemical Co has had a "production interruption" at its light hydrocarbon plant in Freeport, Texas, as per Bloomberg. This however, has had no impact on downstream businesses and no injuries. Dow's Light Hydrocarbon 7 plant had an upset in the internal hydrogen supply to the acetylene reactors yesterday and again today that caused flaring of "offspec" ethylene, according to two filings with the Texas Commission on Environmental Quality.

Hydrogen supply was re-established as quickly as possible to bring the ethylene product back on spec according to the filings.

The Texas operation is Dow's largest integrated site, manufacturing 44% of Dow products sold in USA and more than 21% of Dow products sold globally.

MRC