Polyestertime

POSTS-News- Plastic-Petrochemicals – POSTS 新闻 Plastic Petrochemicals

POSTS 新闻 Plastic Petrochemicals  POSTS 新闻 Plastic -Petrochemicals  POSTS 新闻 Plastic Petrochemicals   POSTS 新闻 Plastic Petrochemicals  POSTS 新闻 Plastic Petrochemicals  POSTS 新闻 Plastic Petrochemicals

-Prospect of post-Brexit boom sparks worry as well as celebration in Frankfurt- The majority of banks, including Goldman Sachs, say they expect to move to Frankfurt –Brexit boom worry celebration Frankfurt

POSTS 新闻 Plastic Petrochemicals

-‘Discriminatory’ Turkish duty on PET behind export decline – Turkish duty PET Pakistani Polyethylene Terephthalate

POSTS 新闻 Plastic Petrochemicals

-Crude Oil : WTI BRENT 原油 – Crude oil WTI BRENT 原油

POSTS 新闻 Plastic Petrochemicals

-China – Filament Grade Semi Dull PET Chip – PET bottle chip 瓶芯 – Pet chip resin 宠物芯片树脂

POSTS 新闻 Plastic Petrochemicals

-Global Silver-based Antimicrobial Agent Market-KeyPlayers: Sanitized, Ishizuka Glass Group, Microban, Toagosei and others – Global Silver-based Antimicrobial Agent market research report is a solitary tool that gives an in-depth research of different Silver-based Antimicrobial Agent market insights – Silver Antimicrobial Agent Market

POSTS 新闻 Plastic Petrochemicals

-Will oil touch $100 a barrel again? – This seems unlikely, both in the short and long term, and in the context of new energy sources. But there’s always politics – Crude Oil dollars 100 barrel

POSTS 新闻 Plastic Petrochemicals

-Teijin’s new fabric boasts premium black colour – Teijin fabric premium black colour

POSTS 新闻 Plastic Petrochemicals

-Global Masterbatch Market 2017- Ampacet Europe S.A. and Cabot Corporation – The research study on global Masterbatch market presents an extensive analysis of current Masterbatch trends, market size, drivers, Masterbatch opportunities – Global Masterbatch Market 2017- Ampacet Europe SA Cabot Corporation

POSTS 新闻 Plastic Petrochemicals

-ConocoPhillips Sets Price Ceiling For New Projects – Conoco believes that in addition to operational efficiencies that have been improving in the shale patch over the last few years, shale is more resilient to oil price swings than other segments of the industry – ConocoPhillips Price Ceiling Projects

-Global Polyetherimide Market Key Players 2017 Radici Partecipazioni SpA (Italy), Honeywell International (US), Polyplastics Co. Ltd. (Japan) and Bayer AG (Germany) – Global Polyetherimide Market

POSTS 新闻 Plastic Petrochemicals

-Poland’s Grupa Azoty ZAK confident on plasticizers growth as Asia urbanises – Poland Grupa Azoty ZAK plasticizers Asia

POSTS 新闻 Plastic Petrochemicals

-Sweden and Birlas to explore smart textiles – It plans to strengthen bilateral trade with India and explore smart textile solutions through cooperation with the Aditya Birla Group, Swedish company Domsjö and the two governments, as well as the EU – Sweden Birlas explore smart textiles

POSTS 新闻 Plastic Petrochemicals

-Faurecia signs joint venture with Chinese OEM – French automotive parts manufacturer Faurecia has signed a joint venture with pioneering Chinese electric vehicle OEM, BYD – Faurecia Chinese OEM

 

-Naimo Composites Developing LS Carbon Fiber Connecting Rods – At its core, hot rodding is all about the never ending search for lighter, stronger components. Whether that’s wheels, engine components, or driveline gear, it’s a never ending quest – Naimo Composites LS Carbon Fiber Connecting Rods

POSTS 新闻 Plastic Petrochemicals

POSTS-News- Plastic-Petrochemicals – POSTS 新闻 Plastic Petrochemicals

POSTS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic Petrochemicals  POSTS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic Petrochemicals  POSTS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic Petrochemicals

-Oerlikon Neumag NewsThe Oerlikon group’s nonwoven business unit presented itself successfully in China – The Swiss Oerlikon Group’s new nonwoven business unit received very positive feedback from visitors to this year’s nonwovens exhibition SINCE 2017 – Oerlikon Neumag Oerlikon group nonwoven China

POSTS 新闻 Plastic Petrochemicals

-November contract price of acrylonitrile agreed in Europe at EUR20 per tonne higher than October – The contract price of acrylonitrile (ACN) was finally agreed in Europe for November supplies at EUR20 per ton above the October – November contract price acrylonitrile

POSTS 新闻 Plastic Petrochemicals

-Prices of PET remained unchanged in Europe last week – Domestic prices for polyethylene terephthalate (PET) in Europe remained stable last week, as the market froze ahead of the December contract price adjustment – Prices PET Europe

POSTS 新闻 Plastic Petrochemicals

-Spot prices of LDPE in Europe are falling – The spot prices of high-pressure polyethylene (LDPE) in Europe are dropping amid fluctuations in demand and the desire of sellers to get rid of stock of material –Spot prices LDPE Europe

POSTS 新闻 Plastic Petrochemicals

-Crude Oil : WTI BRENT 原油 – Crude oil WTI BRENT 原油

POSTS 新闻 Plastic Petrochemicals

Polymers Petrochemicals – Graphs – FGPET – FGPET Bright -BGPET -PX – PTA -MEG -CPL -POLYAMIDE – POY – DTY – PSF – SPANDEX – ACN – ASF – VSF – BENZENE – NAPHTHA – ADIPIC ACID – PP – PE —图形:聚酯切片对苯二甲酸单乙二醇己内酰胺聚酰胺聚酯纱丙烯腈丙烯酸短纤维聚丙烯聚乙烯石脑油苯 – sợi tổng hợp

POSTS 新闻 Plastic Petrochemicals

-Teijin introduces new thermal retention fabric – Teijin Frontier, the Teijin Group’s fibre-product converting company, has developed Solotex Thermo, a polytrimethylene terephthalate (PTT) fibre, which is said to offer excellent thermal retention and insulation – Teijin thermal retention fabric

 POSTS 新闻 Plastic Petrochemicals

-Braskem Aims for ‘Green’ PET – Through a new partnership, the company seeks biobased production of a key raw material—MEG—in a cost-effective way – Braskem Green PET

-Coperion sees sales from fracking, polyolefin growth – The Coperion compounding extruder business is gaining sales from polyolefins thanks to shale fracking, and Coperion and K-Tron feeders are growing from installations in engineering plastics – Coperion fracking polyolefin growth

POSTS 新闻 Plastic Petrochemicals

-Coca-Cola trial may swerve plastics bottle habits – According to a survey by data and analytics company GlobalData, Coca-Cola’s micro-chipped bottle trial, conducted at the University of Reading in the UK – Coca Cola plastics bottle

POSTS 新闻 Plastic Petrochemicals

-Engel At Plast Eurasia 2017  – the injection moulding machine manufacturer and system solutions provider with headquarters in Austria will demonstrate the opportunities that digitalisation and networking present for the plastics processing industry, and how these can be applied to maximum effect with inject 4.0. – Engel Plast Eurasia

POSTS 新闻 Plastic Petrochemicals

-Brexit could benefit the UK textile and clothing industry – Brexit—the exit of the UK from the EU—could benefit the UK textile and clothing industry, according to a report in the latest issue of Global Apparel Markets from the business information company Textiles Intelligence – Brexit UK textile clothing industry

POSTS 新闻 Plastic Petrochemicals

-3 steps brands can take in the wake of the China recyclables ban – Three steps brands China recyclables ban

POSTS 新闻 Plastic Petrochemicals

-Brugnoli official fabric supplier for Freddy – Brugnoli, an Italian textile company focused on elastic knit fabrics dedicated to fashion, swimwear, lingerie and sports., has been announced as the official fabric supplier for Freddy, an international leader in the synthetic fibre market – Brugnoli fabric supplier Freddy

POSTS 新闻 Plastic Petrochemicals

-Scientific advances can make it easier to recycle plastics – Most of the 150 million tons of plastics produced around the world every year end up in landfills, the oceans and elsewhere – Scientific recycle plastics

-Emerging Techniques May Make it Easier to Recycle Plastics – Most of the 150 million tons of plastics produced around the world every year end up in landfills, the oceans and elsewhere. Less than 9 percent of plastics are recycled in the United States, rising to about 30 percent in Europe – Emerging Techniques Recycle Plastics  

POSTS 新闻 Plastic Petrochemicals

-An update on the road to better plastics for a sustainable future – Three Perspectives and an Editorial highlight issues and advances in developing plastics that are more sustainable and easier to recycle – Better plastics sustainable future

-Oil prices snap out of slump on OPEC rhetoric – Renewed speculation over the next move from OPEC helped pull crude oil prices out of a slump on Friday, though many voices said U.S. shale may be the spoiler – Oil prices OPEC rhetoric

POSTS 新闻 Plastic Petrochemicals

-Petrobras counts on pre-salt production to compete with a boom in US shale output – Petrobras presalt production boom US shale output

 

-Innovating energy solutions: Research and development highlights – ExxonMobil energy technology greenhouse gas GHG emissions

-Excellence in textiles, a full-on experience at Milano Unica Spring/Summer 2019 – Excellence textiles Milano Unica Spring/Summer 2019

-Confronting Issues in Industrial Crystallization – Reliable information about industrial crystallization can be difficult to find and to apply to new situations –Industrial Crystallization separation equipment

POSTS-News- Plastic-Petrochemicals – POSTS 新闻 Plastic Petrochemicals

PO-STS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic Petrochemicals PO-STS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic Petrochemicals

-Domestic prices of PVC in China fell again on November 16 amid downward sentiment in the market -Spot prices for polyvinyl chloride (PVC) and futures dropped again in China – Domestic prices PVC China fell

POSTS 新闻 Plastic Petrochemicals

-China – Filament Grade Semi Dull PET Chip – PET bottle chip 瓶芯 – Pet chip resin 宠物芯片树脂

POSTS 新闻 Plastic Petrochemicals

-The promise of plastics from plants – Polymers protect us from the elements, increase the fuel efficiency of cars, protect food from pathogens, help cure disease, and enable renewable-energy technologies –Plastics plants plastics production sustainable

POSTS 新闻 Plastic Petrochemicals

-Dutch recyclers embracing ‘tray-2-tray’ technology – Dutch recyclers tray 2 tray technology

POSTS 新闻 Plastic Petrochemicals

-Pyrowave and Ineos Styrolution partner on recycling – Pyrowave Ineos Styrolution partner recycling

-Venator splits from Huntsman to start Titanium Dioxide firm in Middlesbrough – development of speciality titanium dioxide pigments and performance additives including colour pigments, functional additives – Venator Huntsman Titanium Dioxide Middlesbrough

POSTS 新闻 Plastic Petrochemicals

-PET film importers testify at hearing on anti-dumping case – PET film importers antidumping

POSTS 新闻 Plastic Petrochemicals

-IOCL to be equity partner of Paradip Plastic Park – National oil major Indian Oil Corporation Limited (IOCL) will collaborate with Industrial Infrastructure Development Corporation of Odisha (IDCO) – IOCL equity partner Paradip Plastic Park

POSTS 新闻 Plastic Petrochemicals

-Ethiopia has a potential for huge international market, particularly, there is an attractive market for Ethiopian garment and textile products, according to Tadesse Hailu (anonymous) who is a shareholder of textile factory in Sebeta. He witnessed their factory is producing over 30,000 yards of apparel in a day – Ethiopia Ethiopian garment textile products

POSTS 新闻 Plastic Petrochemicals

-Oxo-Biodegradable Plastics Association Release Angry Response To Ellen Macarthur Foundation – OxoBiodegradable Plastics Association

-Brexit uncertainty may deter chemical investment in Europe – Brexit uncertainties could force companies to look outside Europe for future investments, the CEO of US chemical major Huntsman said on Thursday – Huntsman CEO – Brexit chemical investment Europe

POSTS 新闻 Plastic Petrochemicals

 

POSTS-News- Plastic-Petrochemicals – POSTS 新闻 Plastic Petrochemicals

POSTS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic Petrochemicals POSTS 新闻 POSTS 新闻 Plastic PetrochemicalsPOSTS 新闻 Plastic Petrochemicals

-Foam-Dyeing Technology Poised to Transform Denim Manufacturing – FoamDyeing Technology Denim Manufacturing

POSTS 新闻 Plastic Petrochemicals

-Oil continue to rise towards $83 a barrel by mid-2020 – Oil dollars 83 barrel 2020

POSTS 新闻 Plastic Petrochemicals

-Taiwan’s OPTC to start up new 1.5 mil mt/year purified terephthalic acid plant next week – Oriental Petrochemical (Taiwan) Co. Ltd. plans to start up its new 1.5 million mt/year purified terephthalic acid plant in Taiwan’s Taoyuan –Taiwan OPTC purified terephthalic acid

POSTS 新闻 Plastic Petrochemicals

-Ohio Pigments Market Firm Declares New Division For Plastic Pigments – Ohio Pigments Market Firm Plastic Pigments

POSTS 新闻 Plastic Petrochemicals

-Brazilian recovery, Argentine projects among APLA highlights – Brazilian recovery Argentine projects APLA

POSTS 新闻 Plastic Petrochemicals

-Sabic increased December contract price of MEG for Asia by USD30 per tonne – Sabic, the largest Saudi petrochemical company, raised the contract price of monoethylene glycol (MEG) – Sabic December contract price MEG Asia

POSTS 新闻 Plastic Petrochemicals

-Crude Oil : WTI BRENT 原油 – Crude oil WTI BRENT 原油

POSTS 新闻 Plastic Petrochemicals

-China – Filament Grade Semi Dull PET Chip – PET bottle chip 瓶芯 – Pet chip resin 宠物芯片树脂

POSTS 新闻 Plastic Petrochemicals

-NWE November paraxylene contract price fully settled at Eur765/mt, up Eur20 from Oct – NWE November paraxylene contract price

POSTS 新闻 Plastic Petrochemicals

-Borouge announces India and Southeast Asia availability of recently launched PE packaging innovation, Anteo(TM) – Borouge India Southeast Asia PE packaging innovation

-Faurecia announces tie up with IISc – Faurecia, one of the world’s largest automotive equipment suppliers, on Wednesday announced the signing of a research partnership – Faurecia automotive equipment suppliers IISc

POSTS 新闻 Plastic Petrochemicals

-Bio-Based Industries: Potential For Sustainable European Growth – BioBased Industries Sustainable European Growth

-Direct-printed PET bottles certified rPET recyclable – The global digital printing market for packaging is anticipated to expand at a steady rate, reaching yearly growth close to 11% for 2017-2021 –Direct printed PET bottles rPET recyclable

POSTS 新闻 Plastic Petrochemicals

-Berry buying Clopay film business for $475 million – Berry Clopay film business

-Nexam Chemical receives order from new customer within focus area PET-foam – Nexam Chemical has received a first order from one of the leaders within high performance PET-foam –Nexam Chemical PETfoam NEXAMITE

POSTS 新闻 Plastic Petrochemicals

-Butene film resins from Nova Chemicals promise higher efficiency – Butene film resins Nova Chemicals

-Adient breaks ground on India’s largest-ever automotive seating prototyping and testing facility in state-of-the-art upgrade of its Pune technical center – Adient India automotive seating Pune technical center

POSTS 新闻 Plastic Petrochemicals

-Why Saudi Arabia Should Fear U.S. Oil Dominance – Saudi Arabia US Oil Dominance

POSTS 新闻 Plastic Petrochemicals

 

Prospect of post-Brexit boom sparks worry as well as celebration in Frankfurt- The majority of banks, including Goldman Sachs, say they expect to move to Frankfurt -Brexit boom worry celebration Frankfurt

Brexit boom worry celebration Frankfurt Brexit boom worry celebration Frankfurt  Brexit boom worry celebration Frankfurt  Brexit boom worry celebration Frankfurt  Brexit boom worry celebration Frankfurt  Brexit boom worry celebration Frankfurt  Brexit boom worry celebration Frankfurt  Brexit boom worry celebration Frankfurt  Brexit boom worry celebration Frankfurt

Prospect of post-Brexit boom sparks worry as well as celebration in Frankfurt

Brexit boom worry celebration Frankfurt  The prospect of bankers pouring into Frankfurt from post-Brexit Britain has worried local residents anxious about the effect on an already dire housing shortage but also energised leftist groups looking to advance their anti-capitalist ideology.

At least 10,000 financial jobs are expected to move out of London when Britain leaves the European Union in March 2019, a number that could balloon to 75,000 over the longer term. The majority of banks, including Goldman Sachs, say they expect to move to Frankfurt.

Frankfurters looking forward to the influx say they hope a free-spending clientele will breathe new life into what is often seen abroad as a dull provincial capital.

Other residents are worried about rents and housing stock in the city, given that many in the lower-to-middle income range already have a hard time finding a home, however.

Among Germany’s active and well-established leftists, who have described the big banks as “ticking time bombs”, groups like “Blockupy” and the Interventionist Left are plotting strategies for disruption.

It’s a reminder that while some of the world’s legendary bankers – the Rothschilds, the Warburgs, even the founder of Goldman Sachs, Marcus Goldman – were born in Germany, so was Karl Marx.

“We view the concentration of banks in Frankfurt with concern,” said a Blockupy spokesman who identified himself as Thomas Occupy. “For some members, Goldman Sachs is like a red rag to a bull.”

Rents in Frankfurt have risen by up to 37 percent since 2009, according to three private data providers, triple the pace for all of Germany, according to Bundesbank estimates. Frankfurt planning officials estimate the city has a shortfall of 40,000 homes even before the Brexit wave hits.

Private developers plan 20 new high-rise buildings within five years but are aiming those at wealthy tenants, with asking prices of 4 million euros for some apartments.

By comparison, state-owned ABG Frankfurt Holding, which builds affordable housing, completed just 445 apartment units last year. It plans to build thousands more in the coming years but they will arrive too late to relieve the immediate crunch.

“The forecasts were wrong. We had expected the population would stagnate,” said Mark Gellert, a spokesman for the city’s planning division. Instead, it has been growing, adding more than 6,000 people in the first six months of this year.

“That’s why we fell behind,” he said.

COCKTAIL MENTALITY

Proponents of the arrivals, including Thomas Schaefer, finance minister for the state of Hesse that is home to Frankfurt, argue they will boost the economy and tax revenues.

Restaurant and club entrepreneur Madjid Djamegari anticipates the newcomers will be more interested than the locals in going out during the week, for example.

“The Germans don’t have the after-work cocktail mentality. But people are coming who have different standards, who are willing to pay for service,” said Djamegari, whose latest project is a pop-up bar in a former bank office building.

With a population of just 736,000, against London’s 8.8 million, and an average annual pre-tax salary of 43,600 euros (£38,726), Frankfurt may also be affected by the influx in less congenial ways, tenants rights groups fear.

Rolf Janssen, head of the Frankfurt tenants’ protection association, said his group receives hundreds of calls each week from people worried about evictions or rising rents. Some are in tears and say they have to save on food and clothes to pay the rent.

While German law means it is not possible to easily evict tenants or increase rents sharply, Janssen said, there are loopholes and mistrust between residents and owners has increased in recent years.

Callers say some owners abruptly embark on noisy construction work to intimidate tenants to leave in order to renovate and charge new occupants more, he said.

“Brexit bankers … trump ordinary tenants,” he said.

Michael Mueller, a far Left Frankfurt official who sits on a planning committee preparing for Brexit, is attempting to prevent the state selling further property for high-rise towers.

“I’m worried Frankfurt will turn into … a millionaire’s ghetto,” he said.

“WE’RE HALF OF THIS TOWN”

The Left Party, which has its roots in east Germany’s communism, took roughly one tenth of the seats in the parliament in the last election on Sept. 24, pledging in its manifesto to renationalise the banks and “break their power”.

Far-left groups hope the tenants’ concerns could win them even more support.

Blockupy, which staged violent street protests against the European Central Bank when its new offices opened in 2015, and the Interventionist Left, which helped organise protests against the G20, are weighing their next moves.

“People are being pushed out of the city centre,” said Interventionist Left activist Felix Wiegand.

“On the other hand, you see the SUVs and those people who have taken over the city as it is were their own. The city’s policy of favouring the rich is infuriating people.”

Far-left groups said they might hold protests at the opening of one of Frankfurt’s new office towers and tenant action groups are starting a petition for affordable housing.

Their campaign poster features a collage of photographs of citizens with the slogan: “We’re half of this town”.

Others may be willing to take more drastic steps.

“There is an increasing readiness to act and willingness to resort to violence at the left wing extremes in recent years,” said Klaus Schroeder, an expert in left-wing extremism at the Free University of Berlin.

“The left believe that they are using violence to achieve a better world and that the banks are the first that have to be eliminated.”

At the protest against the ECB, 7,000 protesters took to the streets, setting police cars on fire and blocking roads with burning stacks of tyres. More than 500 were arrested.

Deutsche Bank, Germany’s flagship bank, may offer a taste of what its new neighbours in the financial district can expect.

Since 1990, on the first Thursday of every month, former priest Gregor Boeckermann has gathered with about a dozen others at the bank’s headquarters to protest against free-wheeling capitalism. They recently planted an apple tree nearby.

“I hope the roots will grow up so strong that they will cause it to explode,” Boeckermann said.
Source: Reuters (Writing by John O’Donnell; Editing by Sonya Hepinstall)

‘Discriminatory’ Turkish duty on PET behind export decline – Turkish duty PET Pakistani Polyethylene Terephthalate

Turkish duty PET Pakistani Polyethylene Terephthalate Turkish duty PET Pakistani Polyethylene Terephthalate  Turkish duty PET Pakistani Polyethylene Terephthalate  Turkish duty PET Pakistani Polyethylene Terephthalate  Turkish duty PET Pakistani Polyethylene Terephthalate  Turkish duty PET Pakistani Polyethylene Terephthalate  Turkish duty PET Pakistani Polyethylene Terephthalate  Turkish duty PET Pakistani Polyethylene Terephthalate  

‘Discriminatory’ Turkish duty on PET behind export decline

Mushtaq Ghumman

 Islamabad

Turkey has been accused of inflicting a $ 4-5 billion financial loss on Pakistan since 2011 by imposing a “discriminatory” duty on Pakistani Polyethylene Terephthalate (PET). According to sources, Pakistan’s exports to Turkey have nosedived from above $ 1 billion to just 200 million dollars per annum due to “unjustified” safeguard duty on PET. If duty on PET is not removed then the purpose of the FTA becomes meaningless, officials maintain. Safeguard measure on PET was announced in the official gazette on September 8, 2011. Duty is eight percent and became applicable from November 8, 2011.

In June, talks between Pakistan and Turkey on Free Trade Agreement (FTA) were deadlocked; Ankara showed reluctance to reduce duties on textile products soon after signing the pact which is Pakistan’s main export item. Pakistani delegation headed by Secretary Commerce, Younas Dagha held parlays with Turkish government on June 5-6, 2017 and offered a deal to Turkey one step beyond Pakistan’s existing FTAs with other countries; however Turkey remained enmeshed in “ifs and buts”.

Turkey has already inked trade pacts with eight countries but is not ready to grant similar incentives to Pakistan. Commerce Ministry is urging the government to show a cold shoulder to Turkey after its “unreasonable” stance on FTA but Ministry of Foreign Affairs is unwilling to jeopardize the existing ties with the country, the sources added.

Turkey, sources said, maintains that implementation of tariff concessions will start after 10 years which is not acceptable to Pakistan.

“Turkish negotiating team wanted a generous offer from Pakistan but was not ready to reciprocate to meet Pakistan’s demand for inclusion of three or four textile products. The Turkish team relaxed its rigid stance after a meeting between the Turkish Minister for Trade and Secretary Commerce, Younas Dagha and agreed to reduce duty by 25 per cent on textile items in five years, with the remaining 75 per cent duty to be revisited after five years and agreed to reduce the duration of FTA- I to three years instead of five years,” the sources maintained.

Pakistani Commerce Secretary, sources said, refused to sign minutes of seventh round of talks on FTA arguing that when Turkey was unwilling to move an inch towards the proposed FTA, then what kind of minutes should he sign?

According to sources, Pakistan contended that Turkey should offer what it gives to other FTA partners whereas Pakistan is ready to go one step more than what it offers other countries – an offer that implies Pakistan may open its auto sector to Turkey, a concession that is not available to any other country.

Pakistan is insisting on removal of additional duties as at the time Pakistan had a very small share of these products in the Turkish markets – 4.54 percent for fabrics and 2.3 percent for garments. Major items of exports to Turkey include cotton fabric (woven), chemical material and product, chemical elements and compounds, cotton yarn, leather, rice (all sorts), articles of apparel and cloth knitted crochet and articles of apparel of textile material.

One tariff line (a variety of sesame seed) has been offered at 15 per cent MOP (MFN 10 per cent reduced to 8.5 per cent). The source said 19 high priority tariff lines were offered on reduced duty by Turkey in Round 5. In the revised offer two tariff lines, dates and flour meals of crustaceans have been offered at zero percent tariff, whereas nine tariff lines were offered for reduction to zero tariff in unequal phases in seven years. These include PET and other plastic items.

Turkey has offered these tariff lines to Pakistan’s competitors such as South Korea, Germany and Malaysia at zero percent. Pakistan requested a level playing field on these items upon entry into force of the FTA. Four tariff lines were offered for reduction to zero over seven years and they remain in the same category and have not been offered for immediate reduction.

Pakistan requested 25 tariff lines that were offered by Turkey at zero percent in order to ensure that these concessions are not withdrawn in a revised offer. Turkey has withdrawn concession on 126 tariff lines of cotton and textured yarn and has now added them to the exclusion list in the revised offer for 6th Round. The sources said Commerce Minister Engineer Khurram Dastgir Khan is expected to meet his Turkish counterpart soon in a European country wherein this issue will be discussed in detail for future line of action.

Earlier, former Prime Minister Nawaz Sharif and former Commerce Minister Engr Khurram Dastgir held negotiations with their counterparts on the proposed FTA. Pakistan’s former ambassador to Turkey, who is now High Commissioner in New Delhi, Sohail Ahmed wanted an early finalization of FTA. However, this did not materialize.

 

 

Crude Oil : WTI BRENT 原油 – Crude oil WTI BRENT 原油

 Crude oil WTI BRENT 原油  Crude oil WTI BRENT 原油  Crude oil WTI BRENT 原油  油  

Crude Oil

Crude oil WTI BRENT 原油

Brent crude Oil         :  62,46 $/Barrel

1 year WTI Forecast : 45-60  $/Barrel 

Related Topics

Market needs $70-80/bl to balance: former Saudi adviser – Crude Oil Dollar 70-80-bl balance

GOLDMAN: OPEC’s oil production cuts were smart but they’re having unintended consequences – OPEC oil production cuts

Crude oil prices expected to increase slightly through 2017 and 2018 – Crude oil prices

Opec crude oil prices $55-$60 – Oil after Opec expected to remain in $55-$60 range: QNB

US shale oil $50 – US shale, forex and a price war could push oil back down to $50: BofA Merrill Lynch

China – Filament Grade Semi Dull PET Chip – PET bottle chip 瓶芯 – Pet chip resin 宠物芯片树脂

Pet chip resin 宠物芯片树脂 Pet chip resin 宠物芯片树脂 Pet c palehip resin 宠物芯片树脂  Pet chip resin 宠物芯片树脂

China – Price Trend of Filament Grade Semi Dull PET Chip in Jiangsu , is steady.

Polyestertime: Polyester POY

The prices of Semi-dull Chips in Jiangsu and Zhejiang are at 7,700 – 7,850 yuan/ton (cash),nearby.

The Bright Chip’s price in Jiangsu and Zhejiang is at 7,850- 8,000 yuan / ton.

Polyester POY is at 9,000 – 9,150 yuan/mt cash ex-works, while Polyester  DTY is at 10,600 – 10,750 yuan/mt cash ex-works.

 

 



China –PET Bottle Chip (Polyethylene terephthalate) -The  Market price is steady.

Polyestertime : PET Chips Bottle Grade

The domestic Polyester Bottle Chip is at 8,050- 8,200 yuan / ton cash,(ex-works).

The export PET is at 990 – 1,040 $ /ton FOB CMP.

 

 

 

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ACP and Teijin launch PET bottle recycling project – ACP Teijin PET bottle recycling

Industrial yarns still in demand – Industrial yarns

HC dismisses plea on PET bottle rules – HC PET bottle

Sidel Eco Booster Sustainability : Maximise Profit, Minimise Cost, Improve Sustainability

Danone, Nestle Waters & Startup to Accelerate All-Biobased PET Bottle – Danone Nestle Waters Startup Biobased PET Bottle

Global Silver-based Antimicrobial Agent Market-KeyPlayers: Sanitized, Ishizuka Glass Group, Microban, Toagosei and others – Global Silver-based Antimicrobial Agent market research report is a solitary tool that gives an in-depth research of different Silver-based Antimicrobial Agent market insights – Silver Antimicrobial Agent Market

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Global Silver-based Antimicrobial Agent Market-KeyPlayers: Sanitized, Ishizuka Glass Group, Microban, Toagosei and others

Silver Antimicrobial Agent Market Global Silver-based Antimicrobial Agent market research report is a solitary tool that gives an in-depth research of different Silver-based Antimicrobial Agent market insights, opportunities, collateral approaches and diplomatic ways of making strong determinations. The global Silver-based Antimicrobial Agent market CAGR rate might increase by significant percent over next five years. The Silver-based Antimicrobial Agent report also focuses on divergent market orientations and developments, a variety of raw materials used in Silver-based Antimicrobial Agent industry, amplitudes and consistent change in the framework of Silver-based Antimicrobial Agent industry. Further, it targets cutthroat scenario of the Silver-based Antimicrobial Agent market along with current market obligations and safety responsibilities.

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Will oil touch $100 a barrel again? – This seems unlikely, both in the short and long term, and in the context of new energy sources. But there’s always politics – Crude Oil dollars 100 barrel

Crude Oil dollars 100 barrel Crude Oil dollars 100 barrel Crude Oil dollars 100 barrel Crude Oil dollars 100 barrel Crude Oil dollars 100 barrel Crude Oil dollars 100 barrel Crude Oil dollars 100 barrel Crude Oil dollars 100 barrel Crude Oil dollars 100 barrel Crude Oil dollars 100 barrel Crude Oil dollars 100 barrel Crude Oil dollars 100 barrel 

Will oil touch $100 a barrel again?

RAGHUVIR SRINIVASAN

Crude Oil dollars 100 barrel
noomcpk/shutterstock.comDrums galore Keeping prices low

This seems unlikely, both in the short and long term, and in the context of new energy sources. But there’s always politics

It took the better part of a year but the production cut effected by the 14-member cartel, Organisation of Petroleum Exporting Countries (OPEC), in January is beginning to show results. Prices of the benchmark Brent grade crude have shot up by 36 per cent since the middle of this year and went within touching distance of the $65-a-barrel mark before retracing steps in the last few trading sessions. On Friday, Brent was trading in the $61-62-a-barrel range.

Exactly a year ago OPEC decided to take 1.2 million barrels a day off the market through production cuts in an effort to bring down output to around 32.5 million barrels a day. The cartel persuaded the 11 non-OPEC oil-producing countries led by Russia to cut collective output by 600,000 barrels a day taking the total to 1.8 million barrels, which was a big deal indeed.

Why high prices

This was the first time since 2008 that OPEC reached a consensus on cutting output and scepticism ruled as to whether the members would keep their commitments. Put it down to pressure on national budgets but the cartel largely abided by the agreement and the results are there now for us to see. What the production cuts did was to take off the surplus inventory floating around, literally, and brought balance into the market.

The squeeze coincided with a revival of demand. With global economic recovery and consistent demand from Asia, especially China and India, the oil market began to feel the effect of the supply cuts. Geopolitics, as much as fundamental demand-supply equations, is a major factor in oil pricing, and the recent events in Saudi Arabia’s domestic politics coupled with the ongoing war in Yemen ensured that sentiment in the oil market would turn bullish on prices. That, in short, is the story of the current spell of elevated prices.

The important question now is: Is the oil market headed back to the era of $100 a barrel?

Impact of oil flood

To answer that we need to understand the role played by the shale oil industry in the US. It was the latter that ended OPEC’s party in 2014 by flooding the market with its output. What the massive flood of oil did was not just depress prices but also disrupt the market equilibrium that had prevailed since the formation of the OPEC cartel in the 70s.

Saudi Arabia with its massive reserves of 260 billion barrels and dirt-cheap cost of production was the traditional leader and swing producer with an output between 8 and 10 million barrels a day. The kingdom could influence prices by turning its taps on or off.

The US shale oil industry appropriated this role of swing producer in 2014. For the first time in oil market history, Saudi Arabia faced erosion of its pricing power.

As prices began to fall, shale producers invested in technology that would enable them to consistently bring down break-even level. From between $65-70 a barrel three years ago, the break-even level for shale oil has seen a steady fall, and if the chief of Pioneer Natural Resources Company, one of the biggest producers in the Permian shale oil basin (one of two big basins along with Eagle Ford) is to be believed, it is as low as $20 a barrel now! That should be real bad news for conventional oil producers.

Output from the US, including conventional oil, is projected to shoot past 10 million barrels a day in 2018 according to the Energy Information Administration, relegating Saudi Arabia to second spot. Rig count is consistently rising and so is the monthly output trend.

The US is expected to turn a net exporter of oil by 2020 riding on the back of a second peak for shale oil output. This has tremendous implications not just for the energy market but also for geopolitics, especially in West Asia.

So, where does this leave oil prices?

Opinion, as always, is divided, with traders projecting a pull-back from present levels. The CEO of Vitol, an important oil trader, believes that prices could retrace their way to the $45 a barrel level. Balancing this is the opinion of OPEC’s secretary-general Mohammad Barkindo, who believes that demand will go past 100 million barrels a day (from around 85 million now) by 2020 and thus keep prices elevated.

Energy electrification

An important factor to be kept in mind amidst all this is what the IEA terms “electrification of energy” which is now on in full swing. The first impact is likely to be felt in the passenger cars industry where electric cars are being promoted in a big way. China has said that it will push for alternative fuel vehicles to account for at least a fifth of all vehicles sold by 2025. The UK would like all cars sold to turn electric by 2040 while India is working to a target of 2030. Given the increasing awareness of the ill-effects of environmental pollution caused by fossil fuels, more countries are likely to jump on the electric car bandwagon.

This has tremendous implications for the crude oil market as demand for transportation fuels could peak sooner than expected. To be sure, electrification of the auto industry is not so simple given the tremendous investments that have gone into setting up manufacturing facilities for conventional cars. There is also the question of job losses in the event of a major shift to electric vehicles.

But the broad direction is clear and it is only a question of the time-frame now. And then there is the worldwide shift to clean energy sources such as solar and wind for power generation which will cut into the demand for fossil fuel.

While these will determine the long-term price trends, in the short-term, it appears that prices will be capped at a maximum of $65 a barrel, mainly because shale oil is swinging in with its output.

The adherence to production cuts in the face of falling prices by both OPEC and non-OPEC producers needs to be watched closely. We have seen in the past how such agreements have proved short-lived as producers race to make up on volumes for what they lose on price.

In sum, the odds on a return of prices to the three-figure mark appear low at this point in time.

Unless, of course, a major geopolitical crisis breaks out somewhere in the world. All bets will be off then.

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