Market wrap up: Indian prices

Feb 6: The demand in the major markets in the country was quite active today, the first working day of the week.
 8The prices of HDPE, LDPE and LLDPE went up marginally in the Delhi market. The Kolkata market saw HDPE and LLDPE prices increasing by marginal rates, while, LDPE price remained unaltered. The price fluctuations in the Mumbai market resembled the similar trend as in the Delhi market. In the Chennai market, the price of LLDPE increased considerably, while, those of the other two polymers fluctuated slightly.
 8PVC prices increased marginally in the Kolkata, Mumbai and Chennai markets, with the exception in the Delhi market, wherein, the price remained standstill. PP prices in the four centers increased marginally. There were no changes in the prices of both the grades of ABS.
 8In the international markets, the prices did not change significantly, to cause any impacts upon the Indian prices. (Click on the Details for more information.)   Details

IOCL launches new PP grades

Feb 6: 8In what could be regarded as a significant boost to the Indian polymer industry, state-run Indian Oil Corporation Limited (IOCL) launched two grades of Poly Propylene (PP), in the Injection Moulding category, named as 1110MAS and 2120 MC, intended to offer superior products to the plastic processors.
 8The former grade is endowed with superior attributes, such as, higher productivity, high stiffness and superior gloss, among others. While, the other grade is endowed with superior aesthetics, excellent clarity and higher productivity, among others.
 8Both the grades were produced using cutting-edge technologies at the company's state-of-art Product Application and Development Centre at Panipat. (Click on the Details for more information.)   Details

Sumitomo to set up SBR plant in Singapore

Feb 6: 8Sumitomo Chemical Asia PTE Limited, a group company of the Japanese chemical major, Sumitomo Chemical, is in the process of setting up a new Solution Polymerized Styrene Butadiene Rubber (S-SBR) plant at the Merbau Area in the Jurong Island of Singapore. The venture is being undertaken in order to meet the growing demand for the product, especially in the Asian region.
 8According to the company, the plant will bear a production capacity of 40,000 tonne per annum (TPA), and the commercial operation are expected in the fourth quarter of 2014.(Click on the Details for more information.)   Details

Briefs I

Feb 6: 8Dallas-headquartered Celanese Corporation (CC) has announced that its subsidiary, Celanese EVA Performance Polymers Incorporated, will increase the prices of all grades of Ethyl Vinyl Acetate (EVA) and all grades of LDPE by $ 0.10 per pound and $ 0.06 per pound respectively, with effect from March 1,2012.   Details

HDPE, LDPE and LLDPE prices: Details

Feb 5: The demand in the major markets in India was moderate on Saturday, a phenomenon observed in majority of weekends. The price fluctuations were within marginal to considerable rates.
 8LDPE price in the Delhi market declined marginally, while, LDPE and LLDPE price remained static.
 8In the Kolkata market, HDPE and LDPE prices went up marginally, but, LLDPE price did not change.
 8The price fluctuations of the three PEs in the Mumbai market followed the identical trend with the Kolkata market.
 8In the Chennai market, the prices of all the three PEs undergone upward rises.
 8In the in the international markets, there have been no significant changes in prices. (Click on the Details for more information.)   Details

PVC, PP and PS prices: Details

Feb 5: On Saturday, PVC prices in the Delhi and Mumbai markets went up, but, gone down in the Kolkata and Chennai markets. PP prices in the Kolkata, Mumbai and Chennai markets increased marginally, but, remained flat in the Delhi market. PS price increased considerably in the Delhi market. (Click on the Details for more information.)   Details

ABS prices: Details

Feb 5: The prices of both the grades of ABS, on Saturday, went up considerably. (Click on the Details for more information.)   Details

Naphtha prices continue to soar: Indian producers might lose margins

Feb 5: 8Naphtha prices in the major international markets continue to rise, posing as a cause of concern for the Indian polymer producers, as rising cost of the feedstock might erode their margins.
 8The available information reveals that the prices of the feedstock remained above $ 100 per barrel in the Arab Gulf and Singaporean markets upto the third week of the last month. The prices in the respective markets were $101.91 per barrel and $104.01 per barrel, as on January 18, 2012.
 8High prices of the feedstock would mean that the Indian producers would be compelled to raise the prices of their respective polymers, which, would, then render the market in the country a favourable one for the foreign players. The buyers would then tend to buy imported polymers due to price-advantage. (Click on the Details for more information.)   Details

HDPE, LDPE and LLDPE prices: Details

Feb 2: Poly Ethylene (PE) prices varied marginally today in the major markets in the country.
 8Despite full-fledged functioning of the Plastindia 2012, the demand was firm in the Delhi market. The prices of HDPE, LDPE and LLDPE increased considerably over the rates prevailed yesterday.
 8In a contrasting trend, the prices of the three PEs underwent marginal declines in the Mumbai market.
 8The Kolkata market saw LDPE price going up marginally, and LLDPE price going down in a marginal rate. HDPE price in the market did not undergo any change.
 8LDPE price in the Chennai market went up slightly, while, LLDPE price dipped marginally. HDPE price, however, remained unaltered.
 8In the international markets, the prices of PE went up in USA and Europe. In China the PE prices did not fluctuate much to cause any impact upon the Indian market. (Click on the Details for more information.)   Details

PVC, PP and PS prices: Details

Feb 2: The prices of PVC dipped moderately in the Delhi, Mumbai and Chennai markets, but, remained static in the Kolkata market. PP price dipped moderately in all the four markets. PS prices did not undergo any change. (Click on the Details for more information.)   Details

ABS prices: Details

Feb 2: The prices of both the grades of ABS did not undergo any change. The prices remained unaltered, compared with yesterday's rates. (Click on the Details for more information.)   Details

Briefs I

Feb 2: 8Vinyl Chemical (India) Limited has reported a loss of Rs 0.60 crore in Q3FY12 against that of Rs 0.16 crore in Q3FY11, according to the unaudited financial results for the quarter declared today. The net sales for the quarter under review is Rs 45.65 crore as compared with that of Rs 39.18 crore in the corresponding quarter of the last fiscal.   Details