Petrochemicals
and polymers
Remember MeForgot password?
Sales Department:

sales@ChemCourier.com
К 2022
TOP STORY
Brazil cuts anti-dumping duties on PVC imports from USA and Mexico23 Sep 2022 / ChemCourier. PVC Market Weekly / regulations

santos

On Monday, the Foreign Trade Chamber of the Brazilian Ministry of Economy announced the extension of the definitive anti-dumping duty on suspension PVC imports under the HS code 3904.1010 from the United States and Mexico for up to five years. The tariff on the US and Mexican suspension polymer will slip from 16% ad valorem to 8.2% and from 18% ad valorem to 13.6% respectively. According to government officials, they will suspend the reduction if PVC exports from Mexico to Brazil rise to a level that could damage the Brazilian economy. The anti-dumping duty will be levied at the rate charged on the customs value of the goods. The Chamber’s decision also includes assessing PVC imports from Mexico that occurred during the period when the duty collection was suspended. Brazil has a quarterly quota limit for suspension-made PVC imports of 160,000 t. Imports of suspension-made PVC from countries with existing free trade agreements are not included in this quota, though.

Reminder: On July 20, government officials suspended its 12.6% tariff on emulsion PVC imports. The legislation will be effective from 25 July 2022 to 24 July 2023 but only for the first 12,000 t imported during the period. On 5 August, the Brazilian government reduced separate duties on all PVC imports from 11.2% to 4.4%, which will be valid until August 2023. All reductions were included to the List of Exceptions to the Mercosur Common External Tariff (LETEC).

Although demand is currently weak in Brazil amid forthcoming elections in October, this decision has the potential to increase shipments from the United States and Mexico to Brazil in the long run.

Read More »
Epsilyte to expand EPS plant in USA20 Jul 2022 / ChemCourier. Styrene Weekly / production

image1.JPG

   The leading EPS maker Epsilyte plans to expand both production and recycling capabilities of expandable polystyrene (EPS) in the USA, according to the official press release. The company aims to debottleneck EPS production in Peru, Illinois, increasing capacity by around 25 million lb/year (11,340 tpy) by 2023, and to start an engineering study to expand the same facility, adding 220 million lb/year (99,790 tpy) by 2025. Epsilyte’s EPS plant in Peru, Illinois, is able to make 120,000 tpy now. The company also intends to expand post-consumer recycling capabilities at a unit in Piqua, Ohio, enlarging the facility’s ability to efficiently use post-consumer polystyrene as a feedstock to manufacture advanced materials.

   ‘We believe these investments are the most efficient way to increase North American EPS production to meet the needs of our customers,’ Glenn Wredenhagen, Vice President, Commercial and Supply Chain, informed in the press-release.

   The EPS market segment has been growing rapidly in recent years. EPS would be used only for packaging applications 10—15 years ago. Nowadays, the bulk of EPS sales are going into durable end users, primarily in the building and constructions sector.

Read More »
Bangladesh's Chittagong port to open new terminal, India to test it19 Jul 2022 / ChemCourier. Polyolefins Market Weekly / ChemCourier. PVC Market Weekly / logistics

image1.png

India is going to conduct four transshipment trial runs in August before the full-scale use of Bangladesh's Chittagong and Mongla seaports, the local media has informed, citing the government officials. They say India is showing eagerness now to start the regular use of Chittagong and Mongla ports as soon as possible.

Another local media company has reported that a new container terminal is going to be added to the Chattogram port as the authorities are going to undertake a trial of the newly built Patenga Container Terminal (PCT) as early as this week. Together with this one, a new terminal will be added to the country's premier sea port after over 14 years and a half since the construction of the last one, New Mooring Container Terminal (NCT) that was completed in December 2007.

However, the new terminal may become fully operational only after the appointment of a private operator and the installation of container handling equipment by the operator, which could take another year and a half.

Reminder: in October 2018, Bangladesh and India signed an agreement on the use of Chittagong and Mongla ports for the movement of goods to and from India mainly to provide a transshipment facility to India to transport goods to its northeastern states. The first trial run was carried out in July 2020.

Under the agreement, Indian traders shall pay a document-processing fee of BDT 30, a transshipment fee of BDT 20/t, a security charge of BDT 100/t, an escort charge of BDT 50/t, miscellaneous administrative charges of BDT 100/t, a container-scanning fee of BDT 254/container and an electronic seal lock fee as set out in the shipping rules.

Photo: New Mooring Terminal, port of Chittagong, sourced from Wikipedia

Read More »
Pricing
ChemCourier. Polyolefins Market WeeklyCFR China $/t
ChemCourier. PVC Market WeeklyPVC $/t
ChemCourier. Polyolefins Market WeeklyFD NWE Europe €/t
Chem-Courier's Conferences
News
Europe
23 Sep 2022SR market has tough time PBR still in demand BD demand remains rather firm in Eastern Europe, although it has decreased compared with summer. One of the local players
23 Sep 2022It has become known that the European Commission (EC) has approved a takeover of HIP-Petrohemija by Naftna Industrija Srbije (NIS). The EC has concluded that the
23 Sep 2022Production and demand PS demand has been growing in Europe in September as companies resumed work after the summer holiday season end and producers slashed selling
CIS
23 Sep 2022Ukraine (excl. VAT) Delivery terms Unit 23 Sep 2022 16 Sep 2022 Change 26 Aug 2022 Change Oct 2022* EXW Kalush (UA origin K67) UAH/t СРТ Kyiv (EU origin K67)
23 Sep 2022Russia (excl. VAT) Delivery terms Unit 23 Sep 2022 16 Sep 2022 Change 26 Aug 2022 Change Oct 2022* CPT Moscow (RU origin) K67 RUB/t 79167–80833 79167–80833
22 Sep 2022LD/LLDPE Russia, RUB / t (20% VAT inc.) Basis Product 22 Sept '22 Last week 25 Aug '22 Last month Oct '22* 22 Sept '22, $/t CPT Moscow LDPE shrink film (RU**)
Americas
23 Sep 2022OxyChem had a process upset at its 544,000-tpy ethylene cracker in Ingleside, Техаs, on 19 September. A drop in steam header pressure resulted in the malfunction of an
23 Sep 2022On Monday, the Foreign Trade Chamber of the Brazilian Ministry of Economy announced the extension of the definitive anti-dumping duty on suspension PVC imports under the
23 Sep 2022USA Delivery terms Unit 23 Sep 2022 16 Sep 2022 Change 26 Aug 2022 Change Oct 2022* FAS Houston $ / t 750–800 750–800 800–830 -40 ê 30 *Forecast
Asia
23 Sep 2022Oriental Energy, a petrochemical producer and distributor based in China, resumed operations at its 400,000-tpy No.2 PP plant in Ningbo, Zhejiang Province, China, on 21
23 Sep 2022Omani film LLDPE (7047 grade, 1 MFI) re-exported from China has been on offer at $1,120/t CFR India this
23 Sep 2022W. R. Grace & Co, the leading independent supplier of polyolefin catalyst and polypropylene process technologies, announced that it had licensed its UNIPOL PP Process
Middle East
23 Sep 2022Turkey Delivery terms Unit 23 Sep 2022 16 Sep 2022 Change 26 Aug 2022 Change Oct 2022* CFR Turkey (US origin К65) $ / t 890–910 890–910 920–950 -35 CFR
22 Sep 2022PP Saudi Arabia, $ / t Basis Product 22 Sept '22 Change 25 Aug '22 Last month Oct '22* FOB Saudi Arabia PP homo 1070–1090 1270–1290 ê 200 PP random copo
22 Sep 2022HDPE Saudi Arabia, $ / t Basis Product 22 Sept '22 Change 25 Aug '22 Last month Oct '22* FOB Saudi Arabia HDPE inj 1100–1120 1190–1210 ê 90 HDPE BM
More news »
Petrochemicals and Polymers

© 2004-2022 Metal Expert, all rights reserved

Free Trial »Subscribe »About Us »Contact Us »Conferences »Methodology »Back to top