is a global distribution & trading company in plastic raw materials with offices and operations in Europe, Middle East, Africa and Asia. The network structure enables each individual branch to operate in line with the latest short-term trends within world and regional markets.
NCT's strategy is to generate added value to the chain between producers and end-users of commodity polymers. NCT is an ISO Certified Company who trades in polyolefin’s, polystyrene, pet, pvc and other plastic raw materials.
Polyethylene and polypropylene production surged in January-June 2010 in China
on 29-07-2010 09:59
source: Plastemart (29/7)
Polyethylene (PE) and polypropylene (PP) production surged in the period of January-June 2010 in China, amid robust imports and declining demand growth, according to the Shanghai-based commodity information service, CBI, as reported in ICIS. In January-June, apparent demand growth (domestic production plus imports) for polyolefins was 20%, while actual demand growth (minus stock building) was no higher than 10%. Hopes of pricing having bottomed-out seem a little premature - especially as Asian cracker run rates are reported to still be at 90-100%. The graph below shows the steep increase in polyolefin production as new Chinese capacity came on-stream.
Domestic production was up by 30% with total polyolefin imports rising by only 1%. 2009 saw imports surge in China, reflecting an exceptionally strong market, as PE demand growth was 30.3% and PP 26%. These extraordinary increases were the result of a temporary boost given to demand by re-stocking, decline in recycling and huge and unsustainable government economic stimulus. Clearly, growth in bank lending in China was signaled to be reduced as well as restrictions introduced since Jan 2010 have successfully cooled-down the real-estate sector. Despite very strong imports in the context of higher local production, overseas shipments have fallen for three consecutive months since they peaked in March - a clear indication of inventory indigestion. Low-density PE (LDPE) imports fell to 91,000 tons in June from 116,000 tons in May, linear-low density PE (LLDPE) shipments slipped to 151,000 tons from 162,000 tons, High-density PE (HDPE) imports declined to 245,000 tons from 267,000 tons, while PP imports, rose slightly to 303,000 tons from 292,000 tons. This suggests that a long-term decline in propylene availability could have helped to prop up the market slightly.
Iran’s 5th Olefins project at Assalouyeh inaugurated
on 29-07-2010 09:54
source: Plastemart (29/7)
The '5th Olefins' of Assalouyeh with capacity to produce 500,000 tpa of ethylene, Iran has been inaugurated by Iran's president. Morvarid Petchem will supply ethylene feedstock until Iran’s 11th Olefins, underway by Kavian Petrochemical Co., is brought on stream.
INEOS Oxide to build and operate 1 mln ton deep-sea Ethylene Terminal
on 29-07-2010 09:53
source: Plastemart (29/7)
INEOS Oxide has confirmed plans to build and operate a new 1 mln ton, deep-sea Ethylene Terminal, to be constructed at its Zwijndrecht Facility, Belgium. The operation of the new deep-sea terminal, which is expected to start in 2012, will significantly change the shape of the ethylene market in Europe. Once completed, the new INEOS Terminal will be connected directly to INEOS’ ethylene consuming facilities in the Antwerp Rotterdam Area and into Europe via the ARG ethylene pipeline (formerly Aethylen-Rohrleitungs-Gesellschaft pipeline) linking Antwerp to Cologne and the Ruhr industrial areas.
“The INEOS Group is the largest consumer of ethylene in Europe and I am pleased to confirm this significant investment at our Antwerp facility,” said Hans Casier CEO INEOS Oxide. “The new terminal secures the competitiveness of our site and underlines the importance of our production facilities in Antwerp, located at the heart of the largest Petrochemical area of Europe. “Additionally by connecting INEOS Olefins & Polymers Europe and the INEOS Oligomers LAO/PAO facility in Belgium to the new terminal, INEOS will be able to efficiently balance its ethylene requirements over its facilities in Europe. “It is also clear the new INEOS Ethylene Terminal will re-shape the ethylene market in Europe, opening up a new gateway to world markets”, he concluded.
Internet headlines only
on 29-07-2010 09:49
source: Icis (29/7)
Poland's PKN Orlen Q2 petchems, PVC, fertilizer sales fall
China's Tianjin Dagu Chemical to restart PVC plant this weekend
China’s Sanfangxiang shuts one Jiangyin PET line for turnaround
In China, import PVC offers from the US had been raised by $30-40/ton in the beginning of July, which resulted in poor buying interest for this origin for the most part of July as the domestic market was on the decline and buyers were reluctant to secure cargoes with long transit times. As for August, another increase of $10/ton has been applied for American cargoes with new shipments, which exacerbated the lack of interest for this origin. Chinese buyers have turned to nearby Asian sources to meet their requirements and this renewed buying interest has helped regional producers raise their August PVC offers to the country by $20-60/ton apart from the already improved demand in India. Meanwhile, traders offering American cargoes also confirm that they are not seeing much demand these days. After losing their competitiveness in Asia, prices of US origin will have a tough time moving higher now and they are set to remain stable at current levels, according to players.
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