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.
Brazilian PP and PE offers to Mercosur to go up $50/mt in H2 Sep
on 08-09-2010 10:46
source: Platts (8/9)
Brazilian polyethylene and polypropylene offers to Mercosur will likely increase $50/mt for H2 September, a source at Braskem said Tuesday. In the beginning of the month resin offers to the area went up $100-150/mt following the international market and firm demand. "The only problem we are having now is LDPE. For spot sales, we are going to attend just the regular clients since we don't have anything available for any new clients now," added the source. For September H2 Braskem polypropylene offers to Paraguay, Uruguay and Bolivia were at $1,580-1,650/mt CFR for homo raffia, injection and film, $1,650-1,720/mt CFR for co-polymer and at $1,720-1,790/mt CFR for random. Polyethylene offers to Paraguay, Uruguay and Bolivia were at $1,800-2,000/mt CFR for LDPE film and at $1,500-1,600/mt CFR for HDPE film, injection and blowmolding. Brazil's September offers to Argentina were pegged at $1,800-1,900/mt CFR for PP homo and at $1,900-2,000/mt CFR for PP co-polymer. HDPE offers to Argentina were heard at $1,800-1,850/mt CFR for film, injection and blowmolding and at $1,900-1,950/mt CFR for LLDPE-hexene.
PTT Chemical to double capacity to 100% at 1 mln tons ethane cracker next year
on 08-09-2010 10:36
source: Plastemart (8/9)
Thailand's largest olefins maker-PTT Chemical Pcl, expects to operate its new 1 mln ton ethane cracker at 100% in 2010, from the current 50%. This is subject to the start up of the company’s sixth gas separation plant of PTT, which is the main feedstock supply to the cracker, in Q4-2010 as per Reuters. Chances of a fourth quarter start up seem bright after a ruling allowed lifted suspension of the gas separation plant, after work on it was suspended a year ago by a court ruling in an environmental dispute at Map Ta Phut.
IOC eager to set up petrochem plant in Oman
on 08-09-2010 10:34
source: Plastemart (8/9)
State-owned Indian Oil Corp (IOC) is eager to set up a multi-billion dollar petrochemical plant in Oman. IOC seeks a commitment from Oman on supply of rich-gas (natural gas containing C2/C3 - ethane, propane, compounds). GAIL and Petronet LNG- India's largest importer of liquefied natural gas, have expressed interest in buying LNG from Oman on long-term contract. Oil and Natural Gas Corp (ONGC) and IOC are keen to join oil and gas exploration and production business in the Gulf nation. At the 6th Indo-Oman Joint Commission Meeting leaders of the countries expressed satisfaction at their growing ties in the hydrocarbon sector. The possibility of enhancing equity of Oman Oil company in the Bina-Oman Refineries Ltd. from the current 2% to 26% has been discussed.
TPC to restart expansion of PVC plant, run production in November
on 08-09-2010 10:32
source: Plastemart (8/9)
Thai Plastic and Chemicals expects to restart plans for expansion of its polyvinyl chloride (PVC) plant at Map Ta Phut, allowing it to run production lines in November. The plant would have full capacity of 50,000 tons. The PVC plant, suspension on which has been lifted, was among 76 projects suspended a year ago because of environmental and health concerns at the estate. A separate vinyl chloride monomer expansion was deemed to fall into the category of environmentally harmful activities by the court and had its licence withdrawn. The company has coordinated with government authorities to achieve full compliance with laws and regulations at the VCM plant, hoping to get a licence by mid-2011.
Turkey’s plastics imports rise in July despite rising prices
According to the data released by the Turkish Statistical Institute (TUIK), Turkey’s plastics imports over July 2010 rose when compared to the same period of 2009. Total plastics imports for July 2010 reached 294,000 tons, moving up from 287,000 tons in July 2009. Despite the continuous increases in import prices over the last few months, as well as the volatile exchange rates, the country imported more plastics raw materials in July compared to the same month of 2009, although the figure was less than was imported in June 2010, which was a record month for this year, with 324,000 tons of imports. The news about Turkey’s polymer imports in July 2010 is also fitting with the data released by the same institute, which showed Turkey’s industrial production in July 2010 rose 8.6% compared to July 2009, while it was down 0.3% from the previous month. Within the figures, manufacturing production was up 9.1% annually.
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