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(Fibre2fashion) -- Tongsuh Petrochemical, based in South Korean, will begin commercial production of a new line at its Acrylonitrile (ACN) plant in January 2013. Tongsuh is adding line No.4 at its Ulsan based ACN plant, which will have a production capacity of 245,000 tons per year.
Tongsuh has an ACN capacity of 315,000 tons per annum and with the addition of the new ACN line in 2013 will reach 560,000 tons per year.
Acrylonitrile is a chemical compound which is used for the manufacture of useful plastics.
Acrylonitrile is used principally as a monomer to prepare polyacrylonitrile, a homopolymer, or several important copolymers such as styrene-acrylonitrile (SAN), acrylonitrile butadiene styrene (ABS), acrylonitrile styrene acrylate (ASA) and other synthetic rubbers such as acrylonitrile butadiene (NBR).
MRC
Tongsuh launches a new ACN line in early 2013
Bharat Petroleum and LG Chem to set up a new plant in India
The new plant will produce superabsorbent polymers, acrylic acid, acrylate, and butanol - using 300,000 tons of propylene produced by the Petrochemical Fluid Catalytic Cracker (PFCC) unit of Kochi Refinery. Completion of the petrochemical fluid catalytic cracker (PFCC) will coincide with completion of the refinery expansion in 2015-16.
The joint venture would invest up to Rs 6,000 crore as debt and equity to set up the plant beginning early next year.
LG Chem is a manufacturer, supplier, and exporter of petrochemical goods, plastics, flooring and automobile parts. The Company operates three main divisions: Chemicals and Polymers, Industrial Materials, and Information and Electronic Materials.
MRC
In June the imports of LLDPE to Russia grew by 19%
MOSCOW (MRC) – In H1 the imports of linear polyethylene (LLDPE) to Russia amounted to about 74,300 tonnes. The imports volumes are rising due to the reduction of the output by Russian producers, while the market capacity remained the same from the last year, according to MRC analysts.
In June, the imports of LLDPE to Russia increased to 14,800 tonnes, up 19% from May. In general, over the first six months of this year, the total import volume of LLDPE to the Russian market amounted to about 74,300 tonnes, up 18% compared to the same period a year ago.
Such a dynamic growth of LLDPE imports resulted from insufficient production volumes of Russian producers. Stavrolen’s force majeure in last December, made Nizhnekamskneftekhim actually the single Russian maker of LLDPE focus on the production of low pressure polyethylene. As a result, the output fell nearly twofold this year.
In general, over the first half of this year, the capacity of Russian LLDPE market remained at the same level from the last year and reached about 89,000 tonnes. The demand in key sectors of consumption (shrinkable film, blow moulding film, rotor forming, injection moulding, and cable extrusion) continues to grow, but not as dynamic as during last years. The only exception made the market of lamination films where, on the contrary, the demand declined.
MRC
Roshalsky plant of plasticizers has changed the dates of its return to production
MOSCOW (Market Report) – Due to the lack of phthalic anhydride Roshalsky plant of plasticizers had to shut down its DOF plasticizer production in mid-June. There are still problems of anhydride supply and the plant is going to change the dates of its return to production again, report MRC analysts.
In mid-June Roshalsky plant of plasticizers had to stop its production due to the lack of phthalic anhydride. It was expected that the plant would have fully resumed its anhydride supply by mid-July and would launch its DOF plasticizer production starting from July 15.
However, supply problems are not settled yet and Roshalsky plant of plasticizers has to postpone the dates of its return to production. It is expected that DOF production will have been resumed by the middle of next week (July 18-19).
At present there is deficit in the Russian market of DOF. Sport offers for considerable volumes of plasticizer reach the level of Rb88,000-90,000/tonne, including VAT and delivery.
Small volumes of South-Korean DOF were offered on average at Rb88,000/tonne, including VAT, FCA St.-Petersburg.
MRC
European makers intend to rise PE prices in August
MOSCOW. (Market Report) --By mid-July almost all Eropean makers announced clearance sale of polyethylene. Some traders have partially contracted August volumes already. European makers are going to rise PE prices in August on growth of demand for PE and oil prices, report MRC analytics.
Early May a downward correction in PE prices, including export prices, began in Europe on a price cut of the world oil prices. From May to June export quotations of European PE makers for CIS countries dropped by more than EUR200/tonne, which is almost equal to the fall in contract ethylene prices over the past two months.
Contract ethylene price in Europe for July shipments was lowered by EUR170/tonne from July. Despite a major price cut of PE quotations in May-June, European makers decreased their July price-offers only by EUR60-80/tonne from June level.
By mid-July export PE prices of European makers for CIS countries have settled in the range of EUR1,020-1,120/tonne, FCA, for HDPE and EUR1,040-1,140/tonne, FCA, for LDPE. At the beginning of the month some European makers refused to export PE due to scheduled maintenance. And by mid-July almost all European makers have announced that all their July quotas had been already contracted. Some even managed to sell partially their August volumes.
Contract ethylene price for July shipments was negotiated in the last week of June when Brent oil quotations were varying around USD90/brl. However, by mid-July oil prices had reached the level of USD100/brl, which resulted in a price rise of naphtha and ethylene. This week some European makers claimed a necessity of PE price increase in August. EUR80-100/tonne were the boldest statements voiced in the market.
MRC