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.
SOCAR's Turkish petrochemical complex Petkim exported goods worth $234 million in the first half of 2010 compared to $347 million over 2009, the petrochemical complex told Trend. Petkim said that sales increased by 64 percent over the same period last year and amounted to $921 million. Production capacity of the enterprise in January-June were used by 95.4 percent, compared to 88 percent over the same period last year, the complex said. SOCAR participates in two major projects in Turkey. In particular, the company is co-owner of a large petrochemical complex Petkim. SOCAR also participates in the construction of a new refinery to provide the complex with raw.
SOCAR and Turcas Petrol / Injaz Projects won a tender to sell 51 percent stake in chemical concern Petkim, offering $2.04 billion or it in 2008. Turkey imports 70-75 percent of the necessary chemical products. SOCAR / Turcas / Injaz's investments to the development of Petkim will reduce imports by 30 percent. Petkim Petrokimya Holding manufactures plastic packaging, fabric, PVC, detergents. It is the only Turkish producer of such products.
Tri Polyta delays PP plant expansion to April 2011
on 06-09-2010 11:04
source: Plastemart (3/9)
Indonesia’s Tri Polyta’s polypropylene plant, that has been shut for debottlenecking since March 2010, will see a delay in restart. Restart will be delayed by three months to April 2011, mainly on concerns on global economic recovery, as per Platts. The debottlenecking program will boost the plant's PP capacity -- across three production lines at Cilegon, Banten in west Java from 360,000 tpa to 480,000 tpa.
Petrochina’s Huabei plant to add 1 mln tpa capacity ethylene unit
on 06-09-2010 11:03
source: Plastemart (3/9)
Petrochina Co has won government approval to double the capacity of its 5 mln tpa Huabei oil refinery. The expansion will make the plant the 14th refinery in China with an annual capacity of 10 mln tons or more. The company also plans to add a 1 mln tpa capacity ethylene unit. The expansion is scheduled to be completed in October 2012, with full production will start two months later.
Internet headlines only
on 06-09-2010 11:00
source: Internet (6/9)
Petro Rabigh to target India and China markets after expansions
Tosoh Corp to shut cracker, PE, EVA units for turnaround in March
Brazil, Argentina PE producers seek September increases
Europe polypropylene buyers resist September price increases
on 06-09-2010 08:48
source: Icis (3/9)
Polypropylene (PP) buyers in Europe are strongly resisting all talk of price increases in September, with several having reported rollover pricing from August, sources said on Friday. “They are making absolutely fantastic margins,” said one frustrated buyer, complaining about the months of price increases that producers have imposed on the market this year. “Europe has become a cash cow. I really bear them a grudge.” Some PP producers are still targeting price increases for September, in spite of the €10/tonne ($13/tonne) drop in the September propylene monomer price. Buyers, however, are keen to reject such advances. “There will be no increases,” said another buyer. “They might be able to hold on to the €10/tonne that they have saved in the monomer, but they won’t get prices up.” An undertone of frustration tinged with anger ran throughout the market. “I can get what I need from importers and resellers this month. I am simply not going to buy from the Europeans in September if they keep harping on about increases,” said a third buyer.
The PP market has been left with limited availability following some production issues and a programme of strict inventory control. Buyers have also kept low inventories in anticipation of an expected influx of imported volumes from new plants in the Middle East and Asia. But this material has proved very slow to appear, and there was still limited imported availability in the European PP market. Homopolymer injection prices were now trading at €1,190-1,200/tonne FD (free delivered) NWE (northwest Europe) on a net basis. “We expect a firm, steady September,” said a producer, “and we don’t exclude price increases. Product is not long and demand is good.” PP producers in Europe include LyondellBasell, Borealis, SABIC, Total Petrochemicals, Dow Chemical, Repsol, INEOS Olefins and Polymers, Polychim and Domo.
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