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.
Mexico's state-owned polyethylene producer Pemex brought online one of the three trains at its Cangrejera LDPE plant Sunday, a company source said Tuesday. The programmed maintenance shutdown at Cangrejera's LDPE plant started on April 18, and Pemex returned the plant to normal operations on schedule. The three Cangrejera LDPE plant trains working together have a nameplate capacity of 300,000 mt/year. Sources in the Mexican domestic market said they saw some scarcity of LDPE on April because of the maintenance shutdown.
In pricing, Pemex reduced its polyethylene offers for the domestic market by 3-5% on May 8 because of the weak demand and competitive offers coming from the international market into the country. Following the decrease, Pemex prices for the domestic market were heard at 63-65 cents/lb FOB Mexico City for HDPE injection and blow molding, 68-71 cents/lb FOB Mexico City for LDPE film. and at 65-67cents/lb for LLDPE butene (bulk). US offers to Mexico were heard this week at 65 cents/lb DAF Laredo for LDPE film, 62 cents/lb DAF Laredo for LLDPE butene, 60 cent/lb DAF Laredo for HDPE blow molding and HDPE injection.
Internet headlines only
on 16-05-2012 09:34
source: Icis (16/5)
Braskem plans to start up Brazil PVC plant by the end of May
PP demand in Turkey to rise to 2m tonnes/year in 2014
Europe naphtha crack spread softens further on Asian oversupply
Taiwan’s Formosa Plastics eyes EVA output cuts on weak demand
Braskem mulls switch at its US polypropylene plants to feedstock from shale gas
on 14-05-2012 13:57
source: Plastemart (14/5)
As the cost of crude oil and its derivatives hurts profits, Braskem is looking to switch feedstock at its U.S. polypropylene plants from shale gas, as per Reuters. Chief Executive Carlos Fadigas said that the Brazilian petrochemicals company is currently weighing a decision on whether to build its own plant processing propane from natural gas or form a joint venture with a guarantee to buy the project's output. The decision should be made this year.
Internet headlines only
on 14-05-2012 13:53
source: Icis (14/5)
China September LLDPE futures dip 0.60% on falling crude
Saudi Kayan resumes operations at Al-Jubail plants after outage
Sinopec to build China’s first shale gas production site
Ineos looks to divest French and Italian HDPE sites
on 14-05-2012 13:48
source: PRW (14/5)
Ineos Olefins & Polymers Europe is considering the future of its HDPE businesses at Rosignano and Sarralbe, including a divestment to interested third parties. The decision follows a strategy review of operations. Rosignano (Italy) and Sarralbe (France) have been a part of Ineos since the company acquired the Innovene business from BP. However, the materials giant plans to focus on assets that are highly integrated, both upstream and downstream, and the two plants do not a fit with this policy. According to the company, this announcement has been made at a very early stage in the evaluation process in order to enable discussions to take place with employees, works councils and interested third parties.
The outcome of these discussions is not considered to be a foregone conclusion as Ineos will only divest these sites if it is in the interest of its business and the long term future of the sites.
RSS 2.0 Feed