Unplanned outage reported at Methanol plant of Brunei Methanol

MOSCOW (MRC) -- Brunei Methanol Co (BMC) has undertaken an emergency shutdown at its methanol plant early this week, as per Apic-online.

A Polymerupdate source in Brunei informed that the company has halted operations on June 5, 2018 owing to technical issues. The plant is likely to remain off-line for about 5-7 days.

Located at Sungai Liang Industrial Park in Brunei, the plant has a production capacity of 850,000 mt/year.

As MRC informed before, BMC took off-stream its methanol plant at the Sungai Liang industrial park for a 8-10 day turnaround in the first half of April.

Besides, in early April 2018, Salalah Methanol Co (SMC) took off-stream its methanol plant for maintenance. The plant is expected to remain under maintenance for around 6 weeks. Located in Salalah, Oman, the plant has a production capacity of 1.3 million mt/year.
MRC

MOSCOW (MRC) -- Trinseo, a global materials company and manufacturer of plastics, latex binders and synthetic rubber, and its affiliate companies in Europe have announced price increases for all polystyrene (PS), acrylonitrile-butadiene-styrene (ABS) and SAN grades, as per the company's press release.

Effective June 1, 2018, or as existing contract terms allow, the contract and spot prices for the products listed below increased as follows:

- STYRON general purpose polystyrene grades (GPPS) - by EUR80 per metric ton;
- STYRON and STYRON A-Tech high impact polystyrene grades (HIPS) - by EUR80 per metric ton;
- MAGNUM ABS resins - by EUR95 per metric ton;
- TYRIL SAN resins - by EUR80 per metric ton.

As MRC informed before, Trinseo last raised its prices for all PS, ABS and SAN grades on 5 March 2018, as stated below:

- STYRON GPPS grades - by EUR70 per metric ton;
- STYRON and STYRON A-Tech HIPS grades - by EUR70 per metric ton;
- MAGNUM ABS resins - by EUR50 per metric ton;
- TYRIL SAN resins - by EUR50 per metric ton.

Trinseo is a global materials company and manufacturer of plastics, latex and rubber. Trinseo's technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Formerly known as Styron, Trinseo completed its renaming process in 1Q 2015. Trinseo had approximately USD4.4 billion in net sales in 2017, with 16 manufacturing sites around the world, and approximately 2,200 employees.
MRC

MOSCOW (MRC) -- Toray Industries, Inc.announced that it has decided to establish a production facility for nylon and PBT resin compounds at its Indian subsidiary Toray Industries (India) Private Limited (TID), as per the company's press release.

The resins, with their superior heat and chemical resistance properties and mechanical strength, are used in electrical components of automobiles and in electrical and electronic connectors. The facility, with an annual production capacity of 5,000 tons, will be set up at TID’s base in Sri City in Andhra Pradesh State and the company is aiming to start operations of the plant from September 2019. India’s economy is expected to grow at a high annual rate of 6% from 2016 through 2030 and is a promising market. Demand for premium goods and value-added goods such as automobiles and home electronic devices is expanding on the back of rising income levels.

Especially, the automobile market is expected to have a high annual growth rate of 7% towards 2025, and demand is expected to grow for engineering plastics for automobile applications. In particular, with the recent trends in strengthening of environmental regulations, the customer requirements have become increasingly sophisticated primarily in automobile applications and it is safe to say that the demand for highly functional materials, which Toray specializes in, will increase. The establishment of the new facility is in response to the above trends and is aimed at offering stable supply and shorter lead time through local production and at strengthening the development capability on-site and the functions of storage and delivery.

"India is a region where we can expect the market to grow. The establishment of the new facility this time is the first such base in India for Toray’s resin business, and we’re quite excited about it. We would like to capture this rapidly growing market without fail and strongly pursue business expansion,” said Takashi Endo, who is general manager, Resins Division. Going forward, Toray plans to make the TID business base in Sri City not only to cater to the demand inside India but also as a base for its global operations targeting South Asia. Toray will continue to enhance its overseas bases and strongly pursue global business expansion through further strengthening of organic collaborations with them.
MRC

MOSCOW (MRC) -- PKN Orlen S.A. announced the final terms and conditions of issue of Series D bonds within the bond issue programme directed to the individual investors, included in the prospectus approved by the Polish Financial Supervision Authority on 20 July 2017, as per 4-traders.

According to the latest published unconsolidated financial statement for the first quarter 2018, the total value of Company's liabilities amounts to PLN 22 538 m.

The outlook of the liabilities until the complete redemption of the bonds should be assessed on the basis of the information provided by PKN Orlen as a public company according to the procedure and the rules set out in the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies of 29 July 2005 and on the basis of the content of information documents to be published in connection with the issue of bonds.

The final terms and conditions of the offer and the final terms and conditions of the issue of Series D bonds in Polish language version are attached hereto regulatory announcement.
MRC

MOSCOW (MRC) - June contract price of propylene in Europe was agreed up EUR80/tonne from the level of May, as a result, European producers proportionally raised export prices for certain types of polypropylene for supplies to CIS markets in June, according to the ICIS-MRC Price Report.

In some cases, however, PP prices were increased by EUR90/tonne in comparison with the level of May.
Negotiations on June European PP prices began this week, and most likely all deals will be agreed by the end of the week.

All market participants reported an increase in the June export prices for propylene polymers from all producers, with the highest price increase seen in the segment of homopolymer PP (up by EUR70-90/tonne compared to the level of May).

Deals on June homopolymer PP were discussed in the range of EUR1190-1245/tonne FCA, while the deals for May shipment were agreed in the range of EUR1120-1155/tonne FCA. Some producers have been keeping export restrictions for the third consecutive month for injection moulding homopolymer PP.

Deals for PP block copolymers were discussed in the range of EUR1250-1300/tonne FCA, up EUR40-50/tonne from the May level.
MRC