Icis
en
MOSCOW (MRC) -- Stronger demand for polypropylene (PP) from Turkish companies has led to a price rise in the commodity exchange in Turkmenistan. PP prices grew by USD50/tonne in the first days of the trades, according to ICIS-MRC Price report.
Last week of January and the first week of February at the State Commodity and Raw Materials Exchange of Turkmenistan were quite fruitful, particularly, regarding polypropylene. More than 25,000 tonnes of PP were sold out during just a few trading days, with purchase prices to rise by USD850/tonne in the last trades.
PP prices dropped to USD800/tonne in the State Commodity and Raw Materials Exchange of Turkmenistan on 26 and 27 January, whereas starting prices were at USD1,100/tonne a week earlier. Such a serious fall in PP prices led to an avalanche growth, including that from Russian companies. Over 20,000 tonnes of propylene polymers were bought out during the two days of the trades.
Stronger demand from Turkish companies led to a rise in PP prices in the trades, on 4 February, to USD850/tonne, while Russian companies bid for purchasing at USD700-750/tonne. 5,000 tonnes of PP for shipments during two months were sold out in the trades.
MRC
PP prices rose by USD50/tonne in Turkmenistan
HIPS imports to Russia decreased by 14.6% in 2014
The total imports of HIPS into the country decreased to 23,700 tonnes in 2014, compared with 27,800 tonnes in 2013. The greatest decrease was seen in the segment of extrusion grades. The fall in imports of these grades made almost 24%.
Producers of refrigerators and washing machines have significantly reduced their direct purchases. The purchases volumes of Hungarian and Belgian polystyrene decreased last year. The largest suppliers of extrusion HIPS remained Polimeri Europa and Styrolution.
The imports of injection moulding HIPS remained steady last year. Russia's imports of injection moulding HIPS were 11,300 tonnes in 2014, compared with 11,400 tonnes in 2013.
At the same time, demand for Korean grades increased. Russiaa's imports of injection moulding HIPS from Korea increased by 18% in 2014.
MRC
European PP prices dropped by EUR85-120/tonne for February delivery
Negotiations on the February price of European PP began last Friday and continued this week. Many market participants reported that they managed to achieve price reduction for February delivery bigger than the decline in monomer price. Some companies have reported that prices were reduced by EUR120/tonne.
Back in the second half of January some producers from Eastern Europe reduced their export prices for February homopolymer PP to EUR880-950/tonne. This week deals for European homopolymer PP for February delivery for CIS markets were discussed in the range of EUR840-960/tonne FCA.
Deals for PP block copolymers were agreed on average up by EUR50/tonne. At the same time a producer in the second half of the week announced an increase of EUR20/tonne, citing strong demand in the Turkish market. In Turkey this week PP price increased on average by USD50/tonne.
MRC
Prices of European PE fell by EUR40-100/tonne for the CIS countries
MOSCOW (MRC) -- The February contract price of ethylene in Europe was agreed by EUR70/tonne lower from January. European producers announced a reduction of EUR40-100/tonne in export polyethylene (PE) prices, depending on the grade, for the CIS markets under the pressure of lower prices of monomer, according to ICIS-MRC Price report.
Negotiations over February prices of European PE for the CIS countries began on Monday. Most market participants said they were able to achieve a reduction of EUR100/tonne, depending on the grade, in prices of European polymer.
Deals for high density polyethylene (HDPE) were negotiated in the range of EUR940-1,000/tonne FCA, down EUR80-100/tonne from January. Export quotas of most European producers were limited, while some producers intend to achieve price increases in March.
Deals for January shipments of low density polyethylene (LDPE) were negotiated in the range of EUR960-1,020/tonne, FCA.
At the same time, a producer announced a price increase of EUR20/tonne for all PE grades in the second half of the week. Higher prices were caused by strong demand from export markets, including Turkey.
MRC
Solvay expands hydrogen peroxide grade production in the Netherlands
MOSCOW (MRC) -- Solvay, a privately owned multinational chemicals company, will build a new manufacturing and filling facility in the Netherlands to produce Hydrogen Peroxide grades that are used as disinfection and decontamination agents to meet growing demand from the pharmaceutical industry, as per the company's press release.
The new facility at Solvay’s Peroxide production site in Linne-Herten, in the southern part of the Netherlands, is due to be completed in July 2015 and is part of Solvay’s Global Business Unit Peroxides ambition to bolster growth in high value-added specialties.
With this investment, Solvay responds to the increased need in the pharmaceutical sector for its INTEROXPH grades when used as Active Pharma Ingredients(API), and INTEROXSG grades when used as decontamination agent in this industry.
Demand growth is driven by the European Union’s Falsified Medicines Directive, a legal framework to ensure the safe production and use of medicines.
The site in Linne-Herten already manufactures Solvay’s main Peroxides disinfection grades for the European market, for both peracetic acid and hydrogen peroxide. It has in-depth knowledge in the complex production of purified grades, filling, packaging and labelling operations ranging from bulk deliveries to packs of 1 liter bottles.
1GMP or Good Manufacturing Practices are quality assurance guidelines applied in the pharmaceutical industry. GMP inspections are performed by National Regulatory Agencies.
As MRC reported earlier, in October 2014, Swiss Solvay unveiled its breakthrough innovation for surface cleaning formulations. While Mirapol Surf S polymers are a well-established range of polymers for hydrophilization of surfaces such as ceramic, glass, stainless steel, Solvay launches a unique technology enabling formulators to deliver the key benefits consumers now expect for even modern plastic surfaces.
Solvay S.A. is a Belgian chemical company founded in 1863, with its head office in Neder-Over-Heembeek, Brussels, Belgium. The company has diversified into two major sectors of activity: chemicals and plastics. Solvay supplies over 1500 products across 35 brands of high-performance polymers – fluoropolymers, fluoroelastomers, fluorinated fluids, semi-aromatic polyamides, sulfone polymers, aromatic ultra polymers, high-barrier polymers and cross-linked high-performance compounds.
MRC