Polyolefins World - June 2011 by GlobalData

VIEWS: 2 PAGES: 7

More Info
									                                                         Polyolefins World - June 2011
       Reference Code: GDCH00017IA                                                                                                            Publication Date: July 2011


       1          Table of Contents
       1    Table of Contents.................................................................1
           1.1 List of Tables .................................................................1
           1.2 List of Figures ................................................................1
       2    Market Overview ..................................................................2
           2.1 Significant Developments ..............................................2
       3    Price Trends In North America .............................................3
           3.1 North America, Polypropylene Prices ............................3
           3.2 North America, Polyethylene Prices ..............................3
       4    Price Trends In Asia.............................................................4
           4.1 Asia, Polypropylene Prices ............................................4
           4.2 Asia, Polyethylene Prices ..............................................4
           4.3 Polypropylene Plants Update ........................................4
           4.4 Polyethylene Plants Update ..........................................5
           4.5 Polyolefin Company Updates ........................................5
       5    Appendix ..............................................................................6
           5.1 Methodology ..................................................................6
           5.2 Contact Us.....................................................................7
           5.3 Disclaimer......................................................................7



       1.1        List of Tables
       Table 1:        Polyolefins Market, North America, Polypropylene
                       Prices ($/Metric Ton), 2011 ......................................3
       Table 2:        Polyolefins Market, North America, Polyethylene
                       Prices ($/Metric Ton), 2011 ......................................3
       Table 3:        Polyolefins Market, Asia, Polypropylene Prices
                       ($/Metric Ton), 2011 .................................................4
       Table 4:        Polyolefins Market, Asia, Polyethylene Prices
                       ($/Metric Ton), 2011 .................................................4



       1.2        List of Figures
       Figure 1: Polyolefins Market, North America, Polypropylene
                 Prices ($/Metric Ton), 2011 ......................................3
       Figure 2: Polyolefins Market, North America, Polyethylene
                 Prices ($/Metric Ton), 2011 ......................................3
       Figure 3: Polyolefins Market, Asia, Polypropylene Prices
                 ($/Metric Ton), 2011 .................................................4
       Figure 4: Polyolefins Market, Asia, Polyethylene Prices
                 ($/Metric Ton), 2011 .................................................4




                                                                                                                                              GDCH00017IA /Published JUL 2011
                                                                                                                                                                       Page 1
Polyolefins World - June 2011
                                                                                                       © GlobalData. This report is a licensed product and is not to be photocopied
                                                                             2.1.2    LyondellBasell Launches Two New LDPE
                                                                                      Resins
       2       Market Overview
                                                                             LyondellBasell launched two new low density polyethylene
       The global polyolefins market continued the trend of the              (LDPE) resins that offer enhanced performance for a wide
       previous month with a further decrease in prices. Decrease in         range of film applications. The new grades are produced using
       the upstream costs has caused the price of polyolefins to             the company's Lupotech T high pressure tubular process
       decrease. In June, the US again witnessed a decrease in               technology. Lupolen 3420J and Lupolen 3426J feature
       polypropylene (PP) prices. In Asia, weakening demand and              numerous benefits compared to standard LDPE products used
       decreasing prices of naphtha and crude oil have made the              in film such as higher stiffness, optimized puncture and tear
       market very dull as buyers are waiting for better prices to come      resistance, optimum optics and low gel levels.
       in the next few weeks. Europe has experienced a similar
       scenario, as PP producers will find it very difficult to hold their   2.1.3    Tecnimont and TICB Secure New Contracts
       prices as prices for propylene are decreasing.                                 for Polyolefin Projects in India

       The Asian polyolefin market experienced a very sluggish               Maire Tecnimont S.p.A. said that its main operating company
       demand for both polyethylene (PE) and PP. Many producers              Tecnimont S.p.A. and its fully-owned subsidiary Tecnimont ICB
       reduced their prices for both to attract buyers. Producers            Pvt Ltd. (TICB) of India have been awarded two EPC contracts
       believed that the decrease in prices will bottom out and buying       on a lumpsum turnkey basis for the realization of polyolefin
       will start soon but the continued decrease in upstream costs,         plants for PE and PP in Dahej, Gujarat state, India.
       such as naphtha and crude oil prices and ethylene and                 The client is ONGC Petro additions Limited (OPaL), a joint
       propylene prices, caused further decreases. Buyers are still          venture company promoted by Oil and Natural Gas Corporation
       buying in small lots and no huge orders are expected. Buyers          (ONGC) along with other co-promoters that is Gujarat State
       believe that the prices will decrease further and they will wait      Petroleum Corporation Limited (GSPC) and GAIL (India)
       and watch before giving bulk orders.                                  Limited.
       The polyolefins market in Europe is facing similar trends to that     The two contracts have a total value of about $440m equivalent
       of Asian markets. Decreasing prices of ethylene and propylene,        and cover the implementation of a PP plant of 340,000 metric
       the
								
To top