Published: November 15th, 2013
Polymer demand growth in Europe for 2013 is expected to be static compared with 2012, according to Applied Market Information Ltd., which has just published its 2013 European Plastics Industry Report. AMI calculates that the market for thermoplastics in Europe is currently 36.5 million tonnes, a volume that is still nearly 4 million tonnes less than the peak it hit in 2007.
Published: November 15th, 2013
November 15 is an especially great day for PlasticsToday. Why? Well, it's the first official day for our new Senior Editor, Norbert Sparrow.
Published: November 8th, 2013
Published: November 7th, 2013
Chicago - With the shale gas boom driving North American PE projects, Steve Brien, global business director for IHS, said that there will be excess ethylene.
"Whether that goes into PVC or another derivative, I can't tell you," he said at the Global Plastics Summit, sponsored by IHS and SPI. "But PVC producers want to get their hands on that ethylene molecule."
Published: November 6th, 2013
Chicago--Nylon 6 faces significant challenges in coming years as Chinese production capacity mushrooms; conversion to shale gas feedstocks threatens benzene availability; and competition intensifies from less expensive plastics.
"The market is very long in nylon 6, and producer operating rates have been falling," said Paul Blanchard, director of engineering plastics at IHS, a forecasting firm. He spoke at the first annual Global Plastics Summit jointly held by IHS and the SPI, the plastics industry trade association.
Published: November 5th, 2013
Chicago - Looking beyond terms such as 'renaissance' and 'revolution,' plastic packaging producers believe the industry is in prime position to size a big opportunity due to a shale gas advantage.
"One clear benefit is the addition of numerous jobs," Dow Chemical's Greg Jozwiak, commercial VP for North America packaging, said at the inaugural joint SPI/IHS Global Plastics Summit in Chicago.
Published: October 24th, 2013
Players in major Asian markets such as China, India and Southeast Asia report that they are receiving lower PVC prices for November, according to plastics pricing service ChemOrbis. Players attributed the downward movement in prices to stagnant demand at the start of the winter slow season along with sufficient supply levels in the region.
Published: October 11th, 2013
Global petrochemicals prices rose for the fourth consecutive month, climbing 1.9% in September to $1388/tonne. On a year-over-year basis, the Platts Global Petrochemical Index (PGPI) data showed petrochemical prices were up 2.3% from the September 2012 average of $1357/tonne.
Published: October 3rd, 2013
Low prices don't have to mean low-to-no profits
Outlook for Natural Gas Prices
Persistently high shale gas production keeps a lid on prices while the floor creaks
Published: September 19th, 2013
As discussed in Part 1, the U.S. shale gas boom has made natural gas plentiful and cheap, giving U.S. manufacturers a competitive edge over rival manufacturing countries where the price of natural gas and electricity is several times higher. (The U.S. edge has some staying power. Consider China, where the challenges of producing shale gas are significant.