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.
BP today announced that it has agreed to sell its interests in ethylene and polyethylene production in Malaysia to PETRONAS. The agreement concerns BP's 15 per cent interest in Ethylene Malaysia Sdn Bhd (EMSB) and 60 per cent interest in Polyethylene Malaysia Sdn Bhd (PEMSB), both of which are operated by PETRONAS, and are located at Kertih, on the east coast of Malaysia. This announcement does not affect BP's other businesses in Malaysia.
Ineos Nova, DuPont plan polymer price hike from September
on 31-08-2010 07:53
source: Plastemart (31/8)
Ineos Nova and DuPont have announced price increases from next month. Ineos Nova will hike the price of its general purpose and expanded polystyrene by €50/ton and high impact polystyrene by € 65, with effect from September 1, due to expected feedstock increases. DuPont Packaging & Industrial Polymers will hike price of its Elvax and Elvaloy resins by €100 and €150/ton with effect from September 1, 2010.
As new domestic capacities come onstream, most of China's petrochemical imports continue to fall
on 31-08-2010 07:51
source: Plastemart (31/8)
For the fourth consecutive month, most of China's petrochemical imports fell in the month of July. The dip has been triggered by a continued slowdown in the country's economy, weak downstream and new capacity additions from Sinopec, including its Tianjin and Zhenhai crackers, as per ICIS. A further fall in demand for petrochemical products is expected if China implements strict measures to curb speculation in the property market. Sinopec started commercial production at its 3 mln tpa petrochemical complex at Tianjin in early May, while Zhenhai Refining & Chemical Co (ZRCC), started up its 1 mln tpa cracker and downstream units in April. China’s ethylene imports dropped 31% yoy in July to 64,502 tons, and its butadiene imports plunged 67% to 9,279 tons, according to data released by China Customs. Polyvinyl chloride (PVC) saw a 29% y-o-y decline in imports to 121,188 tons in July. Imports of some products, including ethylene, monoethylene glycol and aromatics like benzene and toluene, saw a month-on-month rise as demand increased with the onset of the traditional peak manufacturing season.
US Steam cracker operator margins spike on stronger ethylene
on 31-08-2010 07:49
source: Plastemart (31/8)
Steam cracker operators in the US saw strong gains in margins from light feeds as ethylene prices surged early this week, as per Platts. Spot ethylene gained over a penny/lb on Monday and over 2.5 cents/lb on Tuesday on the back of stronger ethane and increased buy interest following an unplanned outage at Shell's OP-2 steam cracker at Deer Park, Texas. Given spot ethylene was assessed Thursday at 41.50 cents/lb and ethane at 48.75 cents/gallon, profits from E/P mix gained roughly 3.50 cents to reach 20.93 cents/b while ethane margins were up a similar amount to close the week at 17.97 cents/lb. Margins from propane and butane were at 3.26 cents/lb and minus 5.83 cents/lb, respectively.
Sep PVC prices expected to move higher in SEA’s local markets
In Southeast Asia, import PVC business for September is already being settled with increases from the August done deal level in accordance with developments in the Chinese and Indian markets. Players in the region say that they are also expecting to see stronger local prices for the coming month, with producers in Vietnam having already initiated their September business to the domestic market with increases.Vietnamese producers have announced their initial September offers to their local market with increases of $50/ton when compared with their August done deal levels. Producers comment that their new offers have not yet met with much interest from buyers, although a distributor said that they already managed to conclude some deals for September with increases of $50/ton. Players pointed to stronger upstream ethylene and VCM feedstock costs along with higher import prices as the main reasons for the price increases.
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