Penoplex rolls over October PS prices for Russian market in November

MOSCOW (Market Report) -- Penoplex, Russia's largest producer of foaming polystyrene (PS), has not raised its November selling prices of general purpose polystyrene (GPPS) for the Russian market, thus, rolling them over from October, according to ICIS-MRC Price report.

Thus, the company's prices for November shipments will be in the range of Rb96,000-98,000/tonne, CPT Moscow, including VAT, this month.

Demand for material was strong, and the plant's entire future monthly output was distributed among customers over the course of one day.

As reported earlier, Penoplex raised its October selling GPPS prices by Rb2,000/tonne for Russian buyers.

Penoplex is a large Russian producer of polymer-based building and decorative materials. The company began its activity in 1998 with the launch of Russia's first line for the production of heat-insulating materials from extruded polystyrene foam under the PENOPLEX trademark. The company has eight production sites, seven of which are located in Russia and one - in the Republic of Kazakhstan (Almaty region), with a total production capacity of 4 million cubic metres.
MRC

Gazprom neftkehim Salavat reduces November PS prices for Russian market

MOSCOW (MRC) -- Gazprom neftekhim Salavat, one of Russia's largest production complexes for oil refining and petrochemicals, reduces its November selling polystyrene (PS) prices for Russian buyers, according to ICIS-MRC Price report.

There was a shortage of general purpose polystyrene (GPPS) in the Russian PS market in late October, whereas the shortage was even more acute in the high impact polystyrene (HIPS) market. On the back of this, some market participants expected October prices of Russian PS to roll over for November, despite the price pressure from foreign markets.

Meanwhile, Gazprom neftekhim Salavt reduced prices for its material by Rb2,000/tonne.

As reported earlier, Nizhnekamskneftekhim (NKNH, part of the TAIF group), also lowered its selling HIPS and GPPS prices for the Russian market by a similar amount.

OAO "Gazprom neftekhim Salavat" (formerly OAO "Salavatnefteorgsintez") is one of the leading petrochemical companies in Russia, carrying out a full cycle of processing hydrocarbon material. The list of products manufactured by the plant includes more than 140 items, including 76 grades of the main products: gasoline, diesel fuel, kerosene, fuel oil, toluene, solvent, liquefied gases, benzene, styrene, ethylbenzene, butyl alcohols, phthalic anhydride and plasticizers, polyethylene, polystyrenes, silica gels and zeolite catalysts, corrosion inhibitors, elemental sulfur, ammonia and urea, glycols and amines, a wide range of household products made of plastics, surfactants and much more.
MRC

SCG to shut HDPE plant in Thailand for maintenance

MOSCOW (MRC) -- SCG plastics is in plans to take its high density polyethylene (HDPE) plant off-stream for a maintenance turnaround, reported Apic-online.

A Polymerupdate source in Thailand informed that the plant is planned to be taken off-line on November 21, 2019. It is likely to remain under maintenance for around 18-20 days.

Located in Map Ta Phut, Thailand, the plant has a production capacity of 200,000 mt/year.

As MRC informed earlier, on June 28, 2017, Thai Polyethylene took off-stream its No. 4 HDPE plant in Thailand for 15 days owing to tehcnical issues. Located at Map Tha Phut in Thailand, the unit has a production capacity of 400,000 mt/year.

According to MRC's ScanPlast report, Russia's September estimated HDPE consumption fell to 70,570 tonnes from 108,320 tonnes a month earlier. Russian producers reduced their output due to maintenance works, whereas imports were high partially because of an increase in US shipments. The estimated HDPE consumption totalled 862,170 tonnes in January-September 2019, up by 7% year on year. HDPE imports increased by 47%, whereas production dropped by 5% due to a long period of maintenance works at three production capacities.

SCG Chemicals is a subsidiary of SCG and is one of SCG’s 3 core businesses consisting of Chemicals, Paper and Cement-Building Materials. SCG embarked upon the chemicals business in 1989. At present, SCG Chemicals manufactures and supplies a full range of petrochemical products ranging from upstream petrochemicals such as Olefins, intermediate petrochemicals such as Styrene Monomer, PTA, and MMA, to downstream petrochemicals such as Polyethylene, Polypropylene, Polyvinyl Chloride, and Polystyrene resins. SCG Chemicals is now one of the largest integrated petrochemical companies in Thailand and a key industry leader in the Asia-Pacific region.
MRC

Thai Polyethylene to take off-stream HDPE unit in Thailand

MOSCOW (MRC) -- Thai Polyethylene Co, a subsidiary of Siam Cement Group, is in plans to shut its high density polyethylene (HDPE) unit owing to economic fundamentals, reported Apic-online.

A Polymerupdate source in Thailand informed that the unit will be taken off-stream on November 21, 2019. It is expected to remain off-stream for around 20-30 days.

Located in Map Ta Phut, Thailand, the unit has a production capacity of 220,000 mt/year.

As MRC wrote before, on June 28, 2017, Thai Polyethylene took off-stream its No. 4 HDPE plant in Thailand for 15 days owing to tehcnical issues. Located at Map Tha Phut in Thailand, the unit has a production capacity of 400,000 mt/year.

According to MRC's ScanPlast report, Russia's September estimated HDPE consumption fell to 70,570 tonnes from 108,320 tonnes a month earlier. Russian producers reduced their output due to maintenance works, whereas imports were high partially because of an increase in US shipments. The estimated HDPE consumption totalled 862,170 tonnes in January-September 2019, up by 7% year on year. HDPE imports increased by 47%, whereas production dropped by 5% due to a long period of maintenance works at three production capacities.

SCG Chemicals is a subsidiary of SCG and is one of SCG’s 3 core businesses consisting of Chemicals, Paper and Cement-Building Materials. SCG embarked upon the chemicals business in 1989. At present, SCG Chemicals manufactures and supplies a full range of petrochemical products ranging from upstream petrochemicals such as Olefins, intermediate petrochemicals such as Styrene Monomer, PTA, and MMA, to downstream petrochemicals such as Polyethylene, Polypropylene, Polyvinyl Chloride, and Polystyrene resins. SCG Chemicals is now one of the largest integrated petrochemical companies in Thailand and a key industry leader in the Asia-Pacific region.
MRC

Daelim Industrial wins 535 bln-won plant order

MOSCOW (MRC) -- Daelim Industrial Co., a major construction firm in South Korea, said Wednesday it has won a 535.4 billion won (USD462 million) order to build a petrochemical plant in South Korea, reported Yonhap News Agency.

Under the deal with Hyundai Chemical Co., Daelim Industrial will build the heavy-feed petrochemical complex in Daesan, some 120 kilometers south of Seoul. The builder aims to complete the project by June 2021.

The plant will be able to produce 250,000 tons of polypropylene (PP) as well as 600,000 tons of polyethylene (PE) a year, according to the company.

Daelim Industrial is the No.-3 builder in South Korea in terms of building capacity, according to recent government data.

As MRC informed before, in May 2019, Hyundai Chemical Co. selected Univation Technologies' Unipol PE technology for a new high-density polyethylene (HDPE) facility to be built in South Korea. The 300,000-t/y high density polyethylene (HDPE) plant, which will be located at Hyundai's site in Daesan, will utilize Univation's broad range of HDPE product technology portfolio, including the Acclaim K-100 Catalyst series for advanced HDPE products. An expected completion date for the project was not given.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,589,580 tonnes in the first nine months of 2019, up by 7% year on year. Shipments of all PE grades increased. The estimated PP consumption in the Russian market was 976,790 tonnes in January-September 2019, up by 4% year on year. Shipments of PP block copolymer and homopolymer PP increased.

Hyundai Chemical is a joint venture between South Korea's Hyundai Oilbank Co. and Lotte Chemical Corp.
MRC