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MOSCOW (MRC) -- Trinseo, a global materials company and manufacturer of plastics, latex binders, and synthetic rubber, and its affiliate companies in Europe, have announced a price increase for Methyl Methacrylate (MMA) in Europe, according to the company's press release as of July 9.
Effective July 1, 2021, or as existing contract terms allow, the company's price for MMA monomer grew by EUR300/tonne.
As MRC reported earlier, in May, 2021, Trinseo announced the closing of the previously announced transaction to acquire Arkema’s polymethyl methacrylates (PMMA) business. PMMA is a transparent and rigid resin with a wide range of end uses that augments Trinseo’s existing offerings across several end markets including automotive, building and construction, medical and consumer electronics.
The main application, consuming approximately 75% MMA, is in the production of polymethyl methacrylate acrylic plastics (PMMA). Methyl methacrylate is also used to produce methyl methacrylate-butadiene-styrene copolymer (MBS), used as a modifier for polyvinyl chloride (PVC).
According to ICIS-MRC Price report, in Russia, buying activity subsided last week, some companies said they had already completed all their deals for July PVC shipments. It was not possible to avoid the price rise in July, PVC prices broke another record.
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 USD3.0 billion in net sales in 2020, with 17 manufacturing sites around the world, and approximately 2,600 employees.
MRC
Trinseo raises July MMA prices in Europe
CPC Corp to shut its No. 3 aromatics plant in Taiwan for scheduled turnaround
MOSCOW (MRC) -- CPC Corp is in plans to take its No 3 aromatics plant off-stream for a scheduled maintenance turnaround, reported S&P Global with reference to several industry sources' statement on July 9.
Thus, the unit is to be shut from mid-July to the end of September, 2021.
Located in Kaohsiung, Taiwan, the unit can produce 27,000 mt/year of benzene, 135,000 mt/year of toluene and 156,000 mt/year of isomer-MX.
As MRC informed previously, CPC Corporation shut its No. 7 aromatics plant in Taiwan for a maintenance turnaround on February 13, 2017. It remained off-stream for around 25-30 days. Located in Kaohsiung, Taiwan, the plant has a benzene capacity of around 205,000 mt/year and toluene capacity of 100,000 mt/year.
Benzene is a feedstock for the production of styrene monomer (SM), which, in its turn, is the main raw material for the production of polystyrene (PS).
According to MRC's ScanPlast report, Russia's estimated consumption of PS and styrene plastics totalled 236,110 tonnes in the first five months of 2021, up by 27% year on year (172,360 tonnes). May estimated consumption was 48,880 tonnes, up by 66% year on year.
CPC Corporation, Taiwan, is engaged in the exploration, production, refining, procurement, transportation, storage, and marketing of oil and gas. The company provides fuel oil, including automotive unleaded gasoline and diesel fuel, low-sulfur fuel oil, marine distillate fuels, marine residual fuels, and aviation fuel; petrochemicals, such as ethylene, propylene, butadiene, benzene, para-xylene, and ortho-xylene; liquefied petroleum gas products comprising liquefied petroleum gas, propane, butane, and a propane/butane mixture; lubricants, motor oil, industrial oil, grease, and marilube oil; SNC products, including petroleum ether, naphtha, toluene, xylene, crude octene, methyl alcohol, normal paraffin, viscosity-graded asphalt cement, and sulfur; and natural gas.
MRC
PVC imports to Ukraine down by 41% in H1 2021, exports remain unchanged
Last month's SPVC imports to the Ukrainian market were about 2,100 tonnes versus 2,000 tonnes in May, with European producers continuing to have significant restrictions on exports for a couple of months. Overall imports of suspension reached 12,700 tonnes in January-June 2021, compared to 21,400 tonnes a year earlier. Limited export quotas from European producers and North American producers' high export prices were the main reason for such a major reduction in imports.
European producers with the share of about 98% of the total imports over the stated period were the key suppliers of resin to the Ukrainian market.
Last month, Karpatneftekhim slightly raised its export sales, export sales of Ukrainian resin were 12,800 tonnes versus 10,500 tonnes in April. Overall, slightly over 102,800 tonnes of PVC were shipped for export in the first six months of 2021, compared to 102,400 tonnes a year earlier.
MRC
Saudi Arabia and Oman call for continued oil cooperation between OPEC and aliies to stabilise oil market
MOSCOW (MRC) -- Saudi Arabia and Oman called for continued cooperation between OPEC and other allied producers to stabilise and balance the oil market, reported Reuters with reference to the Gulf states' joint statement.
Saudi Arabia, the biggest oil producer in the Organization of the Petroleum Exporting Countries, and Oman, a small non-OPEC producer, are both part of the OPEC+ alliance, which includes other nations such as Russia.
OPEC+ scrapped talks last week to adjust their agreement on oil output curbs after a dispute between Saudi Arabia and the United Arab Emirates, another OPEC producer in the Gulf. The dispute halted plans to pump more oil into the market where crude prices have recently hit 2-1/2 year highs.
We remind that as MRC wrote before, China's crude oil imports fell 3% from January to June versus a year earlier, in the first first-half contraction since 2013, as an import quota shortage, refinery maintenance and rising global prices curbed buying. Imports totalled 40.14 million tonnes last month, data released by the General Administration of Customs showed on Tuesday, equivalent to 9.77 million barrels per day (bpd).
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 953,400 tonnes in the first five months of 2021, which virtually corresponded to the same figure a year earlier. High denisty polyethylene (HDPE) shipments decreased. At the same time, PP shipments to the Russian market were 607,8900 tonnes in January-May 2021, up by 33% year on year. Shipments of homopolymer PP and PP block copolymers increased, whereas deliveries of PP random copolymers decreased.
MRC
New options for electrochemical sensor development
MOSCOW (MRC) -- Metrohm DropSens announced new capabilities that facilitate the high-volume production of customized electrochemical sensors, said Hydrocarbonprocessing.
Custom sensors are manufactured through a highly scalable and cost-effective manufacturing process with virtually no quantity limits. Metrohm DropSens supports the entire development and production process, from initial conceptualization to in-depth prototype design. Global Metrohm experts help customers turn an idea, an application or developing research into a market ready solution that guarantees cost-effective production and the highest levels of product quality and stability.
The size, shape, area, and substrate material of sensors can be customized for individual application requirements. Furthermore, the versatility of a wide range of materials allows these sensors to be adapted to applications to measure an array of parameters. Common industries include pharmaceuticals, food and beverage, environmental analysis, water contamination, illicit drug detection, and agriculture.
« Whether they are a well-established company or a new start-up venture, we are excited to offer our customers the opportunity to bring their ideas to life, » said Ed Colihan, President and CEO of Metrohm USA. « Our customization capabilities will make a real difference for many applications, including virus detection and electrochemical surface-enhanced Raman scattering."
Custom production and high-volume manufacturing of electrochemical sensors give Metrohm DropSens customers the means to respond to new analytical paradigms and achieve powerful and accurate results.
As per MRC, Maire Tecnimont S.p.A. announced that a consortium composed of its subsidiaries Tecnimont S.p.A. and Mumbaibased Tecnimont Private Limited has been awarded an EPCC (Engineering, Procurement, Construction and Commissioning) Lump Sum contract by Indian Oil Corporation Limited (IOCL), for the implementation of a new polypropylene plant and the related product logistics facilities.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 744,130 tonnes in the first four month of 2021, up by 4% year on year. Shipments of all PE grades increased. At the same time, PP deliveries to the Russian market were 523,900 tonnes in January-April 2021, up by 55% year on year. Supply of homopolymer PP and PP block copolymers increased, whereas shipments of PP random copolymers decreased.
MRC