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Shifang Zhixin Chemical Co., Ltd.
Hubei Greenhome Materials Technology, INC.
LUXI Group CO., LTD.
SHANDONG ZHISHANG CHEMICAL.,CTD
Zhonglong Materials Group - Zhonglong Chemical Co.,Ltd
Jiangsu Qingting Washing Products Co.,Ltd
TAIZHOU RUIBAI CHEMICAL CO., LTD.
GOLDEN DRAGON DMCC
Jinan Yuxing Chemical Co, Ltd
Nantong xianghai chemical co.,ltd
Moscow,Russian Federation
2019.03.04 - 2019.03.07
Guadalajara,Mexico
2019.03.05 - 2019.03.07
Shanghai,China
2019.03.18 - 2019.03.20
Shanghai,China
2019.08.28 - 2019.08.30
Source: ChemOrbis Asia’s import PS markets have followed a downward trend since June this year, disregarding a short-lived rebound in early August. The bearish trend gained momentum by October as PS prices were dragged down by a freefall in upstream markets. Spot styrene prices have plummeted by around $340/ton since then on an FOB Korea basis and hampered purchasing activity among downstream buyers in the region. According to the weekly average data from ChemOrbis Price Index, import GPPS and HIPS prices have hit more than a year-low both in China and Southeast Asia as of the middle of this month. Producers added to their decreases this week due to the fact that a widespread waiting mood was in place on the side of converters and spot styrene prices dipped to their lowest levels since mid-May, 2017, as can be seen on the ChemOrbis chart above. A Taiwanese PS producer issued drops ranging between $20-40/ton from last week. Some buyers in Taiwan reported receiving decreases of $50/ton for GPPS and $30/ton for HIPS. An agent of a Southeast Asian source lamented, “Our supplier is unwilling to give larger discounts. However, buyers’ resistance persists even after multiple negotiations.” A different producer in the region issued sharper cuts of $80/ton both for GPPS and HIPS to Vietnam, blaming unsatisfactory demand in the country. Manufacturers in Malaysia and the Philippines expressed their expectations to see further price reductions in the latter part of November. “We maintain our low inventories as PS prices still have room to move lower considering the current styrene prices in Asia.” A producer in Malaysia affirmed, “We lowered our PS prices by $40/ton in an attempt to attract buyers, most of whom prefer to remain out of the market.” Considering the recent gains in oil and ethylene markets, Asian players are now keeping a close eye on styrene in order to have a clue about whether or not the bearish trend would lose pace for downstream markets in the coming term. Related Articles: Styrene prices lose 25-30% globally since August
Stahl opened a Center of Excellence for Performance Coatings in Suzhou, China. The environmental friendly center will focus on innovative performance coating solutions for a wide variety of materials. Customers, OEMs, brands and other partners came together for the opening event. The new facility in Suzhou is the company's ninth worldwide Center of Excellence. The new Center of Excellence has been equipped with solar panels providing part of the electricity that is consumed by the lab. A solar illumination and motion-detective lighting system were implemented to save electricity. Green plants on the rooftop enable temperature control during the hot season and the investment in a high-efficiency air filter system guarantees clean air emission. Also, the choice for low VOC boards for the partitions and recurring construction materials contribute to the sustainability of the Center. “We strive to make coating solutions with the lowest possible impact in terms of people’s health and the environment," said Hagen Chen, managing director Greater China at Stahl. "Over the last few years, our performance coatings business has been growing enormously in China, especially in the automotive industry. The requests for applications for seat and trim, elastomer coatings, and flock adhesives are growing on a daily basis. Besides the automotive industry, the new facility anticipates the growing demand in China for packaging film and paper, synthetic materials, coated fabrics, textiles, and specialty applications like medical and supportive gloves." Guests at the opening event were treated to a "highway-to-excellence" experience. The ceremonial opening was attended by local authority members of the Suzhou High Tech New District. Among the speakers were Lydia Lin, East Asia director zero discharge of hazardous chemicals, who spoke about the importance of a DMF(A)-free industry. Terry Ragunath, from HP Inc. Large Format Printing Division, talked about the company’s new partnership with Stahl to increase the durability of printed synthetics. Stahl’s Uwe Siebgens, group director Performance Coatings & Polymers, spoke about the future of performance coatings. Source: coatingsworld.com Related Articles: PPG Debuts PPG ENVIROCRON Extreme Protection Powder Coating System Old Masters Launches Ascend Exterior Water-Based Clear Finish
Clariant has signed an agreement for a partnership with Neste, the world’s leading provider of sustainable renewable diesel and an expert in delivering drop-in renewable chemical solutions. By using Neste’s renewable hydrocarbons in its product development, Clariant plans to increase the number of products in its portfolio that are derived from renewable raw materials. As a result, sustainable solutions become more accessible to a variety of industries, including plastics procdessing, adhesives, and coatings. Clariant’s Licocene performance polymers and waxes are already highly-valued by the adhesives, plastics and coatings industry for their ability to offer superior sustainability and performance in use. In the plastic sector, they are used as masterbatch carrier materials and pigment dispersants. Through the partnership with Neste, Clariant can offer sustainable polyolefin solutions derived from renewable hydrocarbons. Christian Kohlpaintner, Member of Clariant’s Executive Committee, comments: “Sustainability is one of Clariant’s five strategic pillars. This new partnership with Neste is a significant milestone in providing a sustainable future for Clariant and its customers. It is an exemplary cooperation because it provides a competitive advantage for our customers while making a sustainable impact across the value chain.” Peter Vanacker, President & CEO, Neste, comments: “Combining Clariant’s in-depth knowhow in the varying applications of adhesives, plastics and coatings, and Neste’s extensive knowledge and experience in working with bio-based materials to produce a variety of drop-in renewable solutions, enables both companies to develop their sustainable material offering to provide maximum added value not only to sustainable brands in varying industries, but also to their customers.” The raw materials, C2/C3 monomers, are derived from Neste’s renewable hydrocarbons produced from 100% renewable feedstock that originates from waste and residue raw materials, such as used cooking oil, and renewable vegetable oils. These C2 and C3 monomers provide drop-in replacements for those currently used by Clariant to create advanced polyolefin solutions for a wide range of applications. Souece: plasticstoday.com Related Articles: Sabic expands PP portfolio with impact copolymer offering aesthetically appealing surfaces ALTANA Invests in Digital Printing Company
The Agriculture and Cooperatives Ministry plans to seek a budget of more than THB 10 billion to help rubber growers and tappers cope with the dropping price of rubber. “We intend to compensate them more than we did last year,” Agriculture and Cooperatives Minister Grisada Boonrach said. Last year, 140,000 families of rubber growers and tappers received THB 1,500 per rai (0.16 hectares) for a maximum of 15 rai. Those who registered with the Rubber Authority of Thailand (RAT) were eligible for the financial help. “Either the compensation per rai or the number of rai eligible for compensation will increase,” Grisada said. The minister was speaking after holding a meeting with representatives of the country’s five big rubber exporters. According to Grisada, the private sector will be asked to designate specific spots where rubber cup lump will be bought at THB 35 per kg, rubber field latex at THB 37 per kg and crude rubber sheets at THB 40 per kg. At present, the per kg price for cup lump is between THB 12 and THB 14, for field latex between THB 28 and THB 31 and for crude rubber sheets between THB 32 and THB 35. “With the Rubber Development Fund, RAT should be able to cover the difference in price,” Grisada said, adding that his ministry will also try to boost the price of rubber by increasing domestic demand. “We plan to propose that rubber-based bedding be manufactured for state schools and hospitals,” he said, adding that relevant government agencies have already been asked to study the need for such bedding. Source: gupta-verlag.com Related Articles: MALAYSIA: Primary Industries Ministry to study rubber floor price Celanese, International Paper collaborate with Ford to apply cellulose fiber-reinforced PP composite
Speciality chemicals and food ingredients distributor IMCD has opened a new food and nutrition application laboratory at its facility in Hürth, Germany. IMCD claims that the addition of the new laboratory will significantly expand its technical capabilities, enhancing its ability to support the technical needs of customers. The new lab has a range of ‘state-of-the-art equipment which will allow the company to carry out bespoke customer project work, and the facility will collaborate with IMCD’s Food & Nutrition Centre of Excellence in Mechelen, Belgium to further enhance the service it provides to suppliers and customers. The lab will host various insight days and trend seminars, allowing the company to share details of its comprehensive speciality ingredient portfolio. Michel Faes, IMCD global technical director said: “We are delighted to have this state-of-the-art facility join our existing network of application labs dedicated to the food & nutrition market. “Our local food technologists are now available to develop innovative application concepts and create healthy and delicious recipes that meet the latest consumer trends. “Examples range from producing fat and sodium-reduced and fibre-enriched clean label solutions for bakery and savoury applications, to sugar-reduced and high protein dairy products – all while maintaining the same premium and indulgent taste. “The new lab will allow IMCD to share and discuss these opportunities with customers’ R&D teams, helping them to solve their consumer trend challenges.” Source: foodbev.com Related Articles: Symrise unveils new nut flavours and virtual reality experience
Source: ChemOrbis Spot styrene prices prolonged the downward trend that has been in place since August in Europe and the US, with both markets hitting their lowest levels in more than two years. Asian spot styrene prices also extended their weekly losses to see 18-month-lows. Spot styrene prices in Europe fell below the $1000/ton FOB NWE threshold for the first time in two years and hit their lowest levels since October 2016 amid the continued weakness in the market sentiment. In addition to the persistently thin sentiment, lower crude oil futures and the globally decreasing prices contributed to the recent losses. The weekly average data from ChemOrbis Price Wizard suggest that spot styrene prices on an FOB NWE basis have lost around $420/ton, or nearly 30%, since the beginning of the downtrend in mid-August. Similarly, the US styrene market extended its three-month downtrend after the US benzene spot prices plummeted to a two-year low, tracking the steep declines in crude oil prices. Another contributing factor for the weakness of the US styrene pricing was muted demand. Data from ChemOrbis Price Wizard indicate that the weekly average of spot prices on an FOB USG basis has lost more than $390/ton, or 30%, since August and hit its lowest level since October 2016. In Asia, the weekly average of spot styrene prices recorded further losses, reflecting thin trade activities and hitting its lowest level of the past one and a half year. The bearish trend began in August and resulted in a cumulative decrease of more than $350/ton, or 25%. Weak demand and the growing concerns over the mutual tariffs imposed by China and the US on styrene imports have weighed on the market. Related Articles: Weekly resin report: It’s a buyers market, as PE, PP prices lose ground
Before the Turkchem, our OKCHEM team visited ChemOrbis in Turkey, a professional platform providing plastics industry information and market intelligence, and hoped to look for cooperation possibilities to help the OKCHEM buyers and suppliers get the latest in-depth knowledge about the global plastic industry. ChemOrbis has been serving 70,000 companies and 100,000 professionals since its establishment in 2001 by providing market information, analysis tools, and conferences. With offices located at spot markets, ChemOrbis covers Far & South East Asian, Italian, Turkish, Middle Eastern, North&West African and NorthWest European markets on a daily basis, providing up-to-date and accurate market reports, concise weekly analysis, price indexes and the most recent industry news. It also organizes global petrochemicals conferences and workshops in Middle East, Europe, Africa and Asia where participants can learn latest developments & trends from industry experts while networking with business partners. In this visit, we met Mr. Mirza Kadic, the Business Development Director at ChemOrbis, and had a pleasant conversation. Mr. Mirza has been working in ChemOrbis for more than 17 years, and has rich experience in the global plastics trade and e-commerce. In this visit, he introduced ChemOrbis in details and we got to know that it could provide customized and the most up-to-date information for its members and the major products may include Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene (PE), Polystyrene (PS), Polyethylene Terephthalate (PET), Acrylonitrile Butadiene, Styrene (ABS). Besides, it also has advantages in the multi-languages, including English, Italian, Chinese, Turkish, Spanish, Vietnamese, and Indonesian. Our team also made an introduction about our platform to Mr. Mirza, including how to become a supplier on OKCHEM, our difference from other B2B platforms in China, the plastic buyers and suppliers on OKCHEM and our overseas offices. Through this visit, we have reached an initial cooperation. OKCHEM would exchange resources with ChemOrbis and help the plastic buyers and suppliers on OKCHEM get the latest industry insight and market analysis, thus to help them make winning decisions. Related OKCHEM Events in Turkey: OKCHEM came under the spotlight in Turkchem Eurasia
South Korean food manufacturer CJ Cheiljedang has said it will buy US frozen food firm Schwan’s for around $1.84 billion as it continues to expand overseas. CJ Cheiljedang will acquire 80% of Schwan’s, in what represents the largest foreign merger and acquisition deal carried out by CJ Group. It is expected the deal will be closed next year. Based in Minnesota, Schwan’s sells mainly frozen foods, including pizza and desserts. Its brands include Red Baron, Tony’s, and Freschetta pizza, and Mrs. Smith’s and Edwards desserts. The business reportedly ranks second in the US frozen pizza retail market. It records around $3 billion in annual sales and has approximately 14,000 employees. The firms said Schwan’s would keep its name, its corporate office in Bloomington and its main operations in Marshall, both in Minnesota. Minnesota’s The Star Tribune quoted Schwan’s CEO Dimitrios Smyrnios as saying: “Obviously there’s a certain amount of nervousness with a sale. We are going to operate business as usual in Marshall, business as usual in Bloomington, business as usual in Minnesota.” The acquisition comes months after CJ Cheiljedang boosted its foreign business with the purchase of US firm Kahiki Foods and Germany’s Mainfrost. As well as selling packaged food, CJ Cheiljedang also runs the Bibigo chain of Asian fast-food restaurants in California. Source: foodbev.com Related Articles: 1. Symrise unveils new nut flavours and virtual reality experience 2. Mondelēz excludes 12 suppliers from its palm oil supply chain
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