Huntsman to expand capacity of Singapore polyetheramines plant

MOSCOW (MRC) -- Huntsman has announced it will begin construction on a 25,000 t capacity expansion programme at its world-scale polyetheramine facility in Singapore in the first half of 2015, taking the annual total capacity to 50,000 tons, according to GV.

Huntsman said it is investing USD 100 million for this latest expansion at its Jurong Island facility, which will also include backward integration to produce polyethers from locally sourced feedstocks. This project is intended to help the company meet growing global demand for polyetheramines. Construction of the new facilities is expected to be completed in the second half of 2016.

"We expect demand for our amines products to increase across all regions over the next decade, particularly in Asia-Pacific - where volume is set to grow by at least 10 % per year," noted Huntsman President and CEO, Peter R. Huntsman.

"Combined with our other existing polyetheramine manufacturing facilities in Conroe, Texas, and Llanelli, Wales, the expansion at our Jurong site will help us respond more quickly to customer demand, not only in the rapidly growing Asia market, but also around the globe," Stu Monteith, President of Huntsman's Performance Products division added.

As MRC wrote before, last year, the performance products division of Huntsman expanded its global polyetheramines (PEA) capacity by nearly 15% as a result of debottlenecking three of its PEA manufacturing plants globally. Expansion was done in the Americas, Europe and Asia. The company's projects at its Conroe, Texas (US), Llanelli, Wales (UK) and Singapore sites had become fully operational by May 2014.

Huntsman is a global manufacturer and marketer of differentiated chemicals. Our operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging.

Prices of pipe grade HDPE rose in Russia

MOSCOW (MRC) -- Prices of pipe grade high density polyethylene (HDPE) grew in the Russian market in February, despite weak seasonal demand, according to ICIS-MRC Price report.

Prices of both natural PE 100 and black PE 100 rose. Thus, prices of pipe grade PE for converters increased by Rb2,000-3,000/tonne, depending on the producer, the price rise was largely caused by the increased production costs.

February offer prices of natural PE 100 were heard in the Russian market in the range of Rb84,000-86,500/tonne FCA, including VAT, whereas January deals were done in the range of Rb81,000-84,500/tonne FCA, including VAT.

Deals for February shipments of black PE100 were done in the spot market at an average of Rb88,000-89,000/tonne FCA, including VAT. Some market participants reported limited PE shipments by Kazanorgsintez.

Buying activity was low in the pipe grade PE market on the back of seasonal factors, a problem with creding financing (increased interest rates on loans and difficulty in obtaining loans) also aggravated the situation for local converters.

PP prices rose by USD50/tonne in Turkmenistan

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.

HIPS imports to Russia decreased by 14.6% in 2014

MOSCOW (MRC) - Russia's imports of high impact polystyrene (HIPS) decreased by 14.6% in 2014, compared with the level in 2013, according to MRC DataScope.

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.

European PP prices dropped by EUR85-120/tonne for February delivery

MOSCOW (MRC) - February contract price of propylene in Europe was agreed down EUR80/tonne below the level of the January. However, most European producers have gone to a more significant cut of their export polypropylene (PP) prices for the CIS markets than the monomer price, according to ICIS-MRC Price Report.

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.