26-06-2007
Bids for PS fall in Asia. Some producers respond by slashing run rates
Even though, demand for PS in Asia faltered and buyer bids for both GPPS and HIPS were reduced further this week, sellers were seen keen to prevent any further down adjustments in their offer prices at the start of the current week.

PS producer based in South Korea mentioned cues from upstream benzene and SM remain negative hence they do not blame their customers for resisting purchases at the current price.

SM rates are down to near about the USD 1300/mt FOB level and buyers of PS are bidding for july GPPS the the USD 1430/mt CAR CHINA. Bids for Hips are at the USD 1470/mt CAR levels.

The production margins are poor and PS makers prefer to reduce run rates at their facilities rather then lower their offers. BASF Korea has cut operating rates.

 
 
25-06-2007
Propylene rates in Asia pulled further lower
Asian prices of propylene ended last week down. Not only did soft buying sentiments ensure that the declining trend in propylene prices    sustained    but    so    too    did    the ampleness in supplies keep the downward pressure ticking as FOB rates slipped about USD 5/mt.
 
 
23-06-2007
July to see active demand for LLDPE in China

Asian LLDPE markets this week were pegged mostly stable although seller continued to pursue hikes for July owing to the approaching demand season for agricultural film applications in China.

Offers to China range from USD 1330/mt CAR to USD 1340/mt CAR for July. There is talk about  offers at the USD 1320/mt CAR mark but these are hard to come by these days. Despite soft ethylene feedstock prices, sellers  are able  to  defend  their  offers  firm

owing to good demand for LLDPE in the region.

Cues from outside China are also bullish with LLDPE heard sold into parts of South Asia at above the USD 1370/mt CAR to USD 1380/mt CAR levels. Availability of LLDPE is not ample and sellers are therefore pursuing sharper hikes for July with one maker heard already indicating offers of South Asia at above the USD 1400/mt CAR mark.
 
 
21-09-2006
Lahore Chamber of Commerce & Industry (LCCI), Pakistan
The annual elections for executive and chamber class were held in the LCCI. After the hard work and positive approach of Mr Mubasher Sheikh, He successfully won and was appointed the ‘Vice President’ of Lahore Chamber of Commerce & Industry.
 
 
17-05-2005
Pleasure of achieving targets and accomplishing success is doubled by the reward
It was a memorable occasion when M.S. Plastic & Chemicals (Pvt.) Ltd. in recognition of its 35 years business service has been awarded the 1st Achievement Award of Lahore Chamber of Commerce (L.C.C.I) and also awarded Gold Medal to Mr Mubasher Sheikh (Chairman) as Businessman of the year by the Prime Minister of Pakistan, Mr. Shaukat Aziz.
 
 
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