POLYESTERTIME plastic petrochemicals - Arhive
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MOSCOW – The American Celanese, the world leader in the production of vinyl acetate (VAM) based products and technical polymers, today announced an increase in the prices of polybutylene terephthalate (PBT) and polyethylene terephthalate (PET) for imported material volumes from China for its customers, in connection with the introduction of a 25% duty on the part of the United States and the growth of commodity quotations, the company said in a statement.
Thus, the prices for the brands of the above products Celenex, Vandar, Impet, Pibiter, OmniTech and Compel will be raised from August 23 or according to the terms of the current contracts for deliveries to the following regions as follows:
– for the Americas – by 25%;
– for Europe – at EUR130 per ton;
– for Asian countries, except China, – at USD150 per ton.
As reported by the Market Report company, Celanese since August 9 raised the prices of vinyl acetate monomer (VAM) for Asian countries, including China. Thus, the increase was USD50 per tonne – for all Asian markets, except Chinese, and for China the growth was 200 yuan (CNY) or USD29 per ton.
According to the Price Review of ICIS-MRC , in the Russian market of PET, the ruble rate was fixed at a new level of 66-67 rubles per dollar last week. Along with the continued growth of Asian quotes, this situation allows Russian producers to increase the cost of PET for buyers on the spot this month and for formula clients in September.
Celanese Corporation is an international chemical company, is a world leader in the manufacture of products based on acetate, technical polymers, products with high technical characteristics and other chemical products. Headquartered in Dallas (Texas, USA), Celanese has about 7,000 employees worldwide. The company’s sales in 2015 amounted to USD5.7 billion.
mrcplast.ru
Author: Margarita Volkova
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-Dow raises September PE prices in the US
MOSCOW – American Dow Chemical, an international petrochemical giant, announced an increase in September prices for all brands of polyethylene (PE) in the US market by 2 cents per pound (USD44 per tonne), ICIS reported.
This increase in PE prices is effective from September 1, 2018 or according to the terms of the current contracts.
The company adds this increase in quotations to the previously announced increase in PE prices by 3 per pound (USD66 per ton) from July 1, but later transferred to August 1 of the current year.
The company’s decision to raise PE prices was due to rising oil quotations and good demand for material in world markets.
The key manufacturers of PE in the US are Chevron Phillips Chemical (CP Chem), DowDupont, LyondellBasell, ExxonMobil, Formosa, INEOS, Total Petrochemicals and Westlake.
According to the Price Review of ICIS-MRC , in the Russian market of high-density polyethylene (LDPE), customer activity is still low, despite the limited supply of material. Some sellers have already sold out all their August quotas PE. In the market of low-density polyethylene (HDPE) last week recorded a record level of film polyethylene prices. Limited supply continues to have a serious impact on prices. As a result of the week, there was also a rise in prices for other types of IPA.
Dow Chemical is an American diversified chemical company headquartered in Midland, Michigan. It is a large producer of polymer products, including polystyrene, polyurethane, polyethylene, polypropylene and synthetic rubbers. The company produces more than five thousand products at 188 production facilities in 37 countries. Earlier it was noted that the chemical companies Dow Chemical Co and DuPont completed the merger on September 1, 2017, within the framework of which the company DowDuPont was established.
mrcplast.ru
Author: Margarita Volkova
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