Polyestertime

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          : 67,33   $/Barrel

1 year WTI Forecast : 60-70  $/Barrel 

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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

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

-Gneuss brings rotation and automation to NPE – Gneuss Extrusion Technology will showcase a number of innovative new plastics processing technologies for plastics processing and extrusion – Gneuss rotation automation NPE

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-EU mulls new measures for ‘single circular economy’, taxes on plastics – The EU should keep and recycle its “valuable plastic” within a “single circular economy”, according to the European Commission’s vice president for jobs, growth, investment and competitiveness – EU single circular economy taxes plastics

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-Top 4 Nanotechnologies Already Used In Fashion – Top 4 nanotechnologies already used in fashion. According to the Consumer Products Inventory, more than 1,700 products are manufactured with nanocomponents and nanoparticles – Top 4 Nanotechnologies Fashion nanocomponents nanoparticles

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-Saltex and mtex+ sign cooperation agreement – Eight companies of the Smart Textiles Platform from the Austrian region Vorarlberg will exhibit at the seventh international fair for technical textiles mtex+, which takes place from 29-30 May in Chemnitz, Germany – Saltex mtex agreement Smart Textiles Platform

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

-Propane and naphtha in battle for European petrochemical demand – A behind-the-scenes battle is raging in the European petrochemical industry, as refined oil product naphtha and natural gas liquid (NGL) propane compete to be the feedstock of choice for crackers – Propane naphtha European petrochemical demand

POSTS 新闻 Plastic Petrochemicals

-Celanese Increases Low-Density Polyethylene Prices – Celanese (CE) announced that it would increase the prices of low-density polyethylene (or LDPE). The price increase is expected to be $0.04 per pound – Celanese Low Density Polyethylene LDPE Prices

POSTS 新闻 Plastic Petrochemicals

-Global masterbatch market projected to exceed $14 billion by 2024 – The global masterbatch market is likely to grow at a compound annual growth rate (CAGR) of more than 5.4% through 2024, according to a new study from Global Market Insights Inc. – Global masterbatch market 2024

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-Apex Plastics invests in Aoki 250LL-50S injection blow molding machine – Apex Plastics Aoki injection blow molding machine

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-BP predicts plastics bans will impact oil demand – BP plc has predicted that global demand for oil could be impacted by as much as 2 million barrels per day by 2040 due by governments’ efforts to regulate products, including bans of single-use plastics – BP predicts plastics oil demand

POSTS 新闻 Plastic Petrochemicals

-2018: Year of Action for Global Fashion Industry – After many years on the periphery, “sustainability” has become a more common term across the expanse of the global fashion industry – Global Fashion Industry textile innovation

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-China domestic PP price downtrend may ease post-holiday – Polypropylene (PP) prices in China’s domestic market may slow down their downtrend post-Lunar New Year as downstream demand is expected to pick up – China domestic Polypropylene (PP) price

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-Ecotec by Marchi & Fildi yarn to partake in Filo Milano – Marchi & Fildi, developers of cotton-based yarns for the textile industry that are making latest innovations with Ecotec smart cotton, will present its new collection and achievements in the field of yarns at Filo Milano – Ecotec Marchi Fildi yarn partake Filo Milano

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-Europe’s polyethylene market takes a bearish turn on weakening demand – Polyethylene producers and converters in Europe are bracing themselves for a period of price decreases following lower than expected demand in the first two months of the year – Europe polyethylene market weakening demand

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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 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 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 chip resin 宠物芯片树脂

China -The price of Filament Grade Semi Dull PET Chips is steady.

 Pet chip resin 宠物芯片树脂Polyestertime: Polyester DTY

The prices of Semi-dull Chips in Jiangsu and Zhejiang are at 7,900- 8,000 yuan/ton(cash),nearby.

The Bright Chip’s price in Jiangsu and Zhejiang is  at 7,900- 8,000 yuan / ton.

Polyester POY is  at 8,600 – 8,700 yuan/mt cash ex-works, while Polyester  DTY is at 10,150- 10,300 yuan/mt cash ex-works.

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China –PET Bottle Chip (Polyethylene terephthalate) -The Market prices are steady,with export more strong.

Pet chip resin 宠物芯片树脂 Polyestertime : PET Bottles

The domestic Polyester Bottle Chip is at 8,650 – 8,750 yuan / ton cash,(ex-works).

The export PET is at 1,135- 1,175 $ /ton FOB CMP.

 

 

 

 

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-Imports of PET to Europe in November 2017 decreased by more than a third – Eurostat – The imports of polyethylene terephthalate (PET) to the European market declined in November last year by 34.36% compared to October 2017 – Imports PET Europe Eurostat

-World Polyester Fiber Market Players – Zhejiang Hengyi Group, Xin Feng Ming Group, Shenghong and Hengli Group – World Polyester Fiber Market Players

Propane and naphtha in battle for European petrochemical demand – A behind-the-scenes battle is raging in the European petrochemical industry, as refined oil product naphtha and natural gas liquid (NGL) propane compete to be the feedstock of choice for crackers – Propane naphtha European petrochemical demand

Propane naphtha European petrochemical demand Propane naphtha European petrochemical demand  Propane naphtha European petrochemical demand  Propane naphtha European petrochemical demand  Propane naphtha European petrochemical demand  Propane naphtha European petrochemical demand  Propane naphtha European petrochemical demand  

Propane and naphtha in battle for European petrochemical demand

Source:ICIS Chemical Business

Propane naphtha European petrochemical demand A behind-the-scenes battle is raging in the European petrochemical industry, as refined oil product naphtha and natural gas liquid (NGL) propane compete to be the feedstock of choice for crackers.

The feedstock petrochemical producers opt to crack comes down to profitability. But recent volatility in the propane-naphtha spread is causing uncertainty about how much demand propane and naphtha will see from the petrochemical cracking industry in 2018.

“Propane is extremely volatile due to a change in the market. People were confident it would be strong in the winter, and production was much higher in the US than expected. So it came down, and there’s volatility until it stabilises,” one trader explained. “On the other hand naphtha volatility is only in one direction – and that’s downwards.”

NUMBERS GAME

The propane-naphtha spread shows how much cheaper or more expensive propane is compared to its cracking competitor, naphtha.

Propane and naphtha can be cracked by petrochemical companies to produce ethylene, although petrochemical producers tend to lean towards naphtha because of the other products produced as a result of the cracking.

Cracking naphtha produces ethylene, propylene, butadiene (BD), benzene, toluene and xylenes, while cracking propane produces ethylene and propylene.

However, when the propane-naphtha spread dips below -$60/tonne, market sources say it can make more financial sense to crack propane over naphtha, depending on how easy it is for each plant to switch between the two feedstocks.

The market is no stranger sub-$60/tonne conditions, as seen at the beginning of 2018 when propane reached lows of -$125/tonne.

“At these levels, pretty much everyone in the world in petrochemicals switches to maximum liquefied petroleum gas (LPG), which takes out naphtha demand for sure,” said one trader at the time, highlighting the push and pull relationship between the two feedstocks, and the speed at which one can take over the other to steal away demand.

Of Europe’s 25m tonnes of cracking capacity, LPG flexibility is between 10% and 30% overall. In the past couple of years, cracker operations have shifted towards the higher end of that range. LPG is typically composed of propane and butane.

TURBULENT FEW MONTHS

Considerable volatility in this relationship has been evident for several months. In 2017, the propane-naphtha spread rose from -$64/tonne at the end of June to +$24/tonne at the start of October, pushed up by a number of factors including rising propane prices in the US, summer turnarounds and an unplanned outage at Shell’s Pernis refinery.

The spread tumbled to -$125/tonne by February 2018, due to falling propane demand, caused by high prices.

In highly liquid markets such as propane and naphtha, the spread between the two prices constantly fluctuates, with noticeable week-on-week differences. However, the swing between negative and positive spreads in the past seven months came as a surprise to market players, who attributed the flips to oscillating propane demand.

When the spread started to narrow in July last year, most petrochemical producers were hesitant to switch from cracking propane to naphtha, because of the cost associated with switching.

Towards the end of August the propane market started to tighten more, with very few cargoes available heading into September.

On 15 September 2017 the propane-naphtha spread was at zero, crossing into positive figures on 22 September, the first time the spread has inverted since 15 November 2013.

NAPHTHA BRIEFLY TAKES THE LEAD

The now positive spread prompted participants to start the switch from propane cracking over to naphtha, with petrochemical demand for propane starting to slip as a result.

Some petrochemical producers were, however, still sticking to propane cracking, with higher ethylene prices at the time providing strong enough margins to absorb the extra cost of feedstock.

The positive spread continued for most of October, with naphtha players seeing more demand from the petrochemical industry while propane market sources described buying interest as “non-existent”.

The high propane prices soon drove demand so low that values slumped, with the spread falling to -$24/tonne in mid-November.

However, petrochemical demand for propane remained very limited for the rest of 2017 and into January 2018, with demand only starting to pick up following a nosedive in the spread to -$109/tonne in February 2018.

During the winter, propane demand is usually strong from the heating industry, which typically drives prices. However, when this buying interest 
is limited in the second and third quarters, petrochemical producers tend to take advantage of the lower values and petrochemical demand tends to be at its highest.

This could narrow the spread again, making propane less attractive and naphtha more as a result.

As well as seasonal influences, the balance for naphtha and propane demand could be influenced by the projected boom in US shale gas production.

A reference case put forward by the US Energy 
Information Administration earlier in February showed the country’s NGL production nearly 
doubling between 2017 and 2050, supported by a jump in petrochemical industry demand worldwide.

An increase in shale gas production in the US will lead to an increase in its propane output, and market sources believe the surplus LPG will head to Europe.

“Europe might be the only natural outlet for those barrels – that weakens the propane-naphtha spread and incentivises more people to crack that,” said 
one trader. “But the seasonal switch is also about 
to happen.”

By Samantha Wright and Lucy Raitano
Related Topics

Celanese Increases Low-Density Polyethylene Prices – Celanese (CE) announced that it would increase the prices of low-density polyethylene (or LDPE). The price increase is expected to be $0.04 per pound – Celanese Low Density Polyethylene LDPE Prices

Celanese Low Density Polyethylene LDPE Prices Celanese Low Density Polyethylene LDPE Prices  Celanese Low Density Polyethylene LDPE Prices  Celanese Low Density Polyethylene LDPE Prices  Celanese Low Density Polyethylene LDPE Prices  Celanese Low Density Polyethylene LDPE Prices  Celanese Low Density Polyethylene LDPE Prices  

Celanese Increases Low-Density Polyethylene Prices

Celanese increases prices of low-density polyethylene

Celanese (CE) announced that it would increase the prices of low-density polyethylene (or LDPE). The price increase is expected to be $0.04 per pound. The new prices should be effective on March 1, 2018, or as the contract allows.

The price increase is effective for both list and off-list prices, and it is expected to be effective in the Americas region.

Celanese Low Density Polyethylene LDPE Prices

Celanese sells LDPE under the Ateva and VitalDose brands. These brands are primarily used in packaging, laminations, automotive parts, and hot melt adhesives. These uses are part of its Industrial Specialties unit under the Materials Solutions segment.

In 4Q17, Industrial Specialties reported revenues of $252.0 million compared to $219.0 million in 4Q16. The price increase could have a positive impact on Celanese’s Industrial Specialties business assuming the volumes don’t drop. The impact of the price increase is expected to be more visible in 1Q18.

Update on CE’s stock price movement

Celanese (CE) stock gained 2.7% and closed at $102.49 for the week ended February 16, 2018. Despite the strong gain, CE traded 3.7% lower than its 100-day moving average price of $106.43, which indicates prevailing weakness in the stock.

On a year-to-date basis, CE has fallen 4.3%. CE’s peers Eastman Chemical (EMN), Westlake Chemical (WLK), and DowDuPont (DWDP) have gained 8.1%, 0.2%, and 1.0%, respectively. However, analysts are positive on Celanese stock and gave a target price of $120.00, which is ~17.0% higher than its February 16, 2018, closing price.

In the past one-month period, CE’s short interest as a percentage of outstanding shares fell from 1.1% to 0.84%. CE’s 14-day relative strength index (or RSI) of 42 indicates that the stock is neither overbought nor oversold.

Investors can gain indirect exposure to Celanese via the First Trust Materials AlphaDEX ETF . FXZ invested 1.9% of its portfolio in Celanese on February 16, 2018.

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Celanese (CE) Set to Raise Price of Low Density Polyethylene – Celanese Price Low Density Polyethylene

Apex Plastics invests in Aoki 250LL-50S injection blow molding machine – Apex Plastics Aoki injection blow molding machine

Apex Plastics Aoki injection blow molding machine Apex Plastics Aoki injection blow molding machine  Apex Plastics Aoki injection blow molding machine  Apex Plastics Aoki injection blow molding machine  Apex Plastics Aoki injection blow molding machine  Apex Plastics Aoki injection blow molding machine  

Apex Plastics invests in Aoki 250LL-50S injection blow molding machine

PKBR Staff Writer

US-based custom blow-molder Apex Plastics has purchased a new Aoki 250LL-50S injection blow molding machine to boost its blow-molded plastic products manufacturing capabilities.

Apex Plastics Aoki injection blow molding machine The Aoki’s versatile injection blow-molding machine is capable of molding a variety bottles and containers from narrow neck to wide mouth.

Apex Plastics president Damon Neff said: “The new equipment is a key component of our overall growth strategy.

“We added this press based on the needs of one of our customers, but it will also allow us to grow in to new market segments, work with new materials and continue to stay ahead of our customers’ needs and provide them with an unmatched customer service.”

Apex Plastics said that the Aoki machine allows it to run PET material.

The machine was installed at the Apex Plastics’ full renovation facility located in Brookfield, Missouri, US. The facility has been renovated in 2014 to accommodate growth and streamline production flow.

In an effort to boost business, Apex Plastics has invested nearly $5m in upgraded equipment, technology and facilities to meet the client needs.

In 2016, Apex Plastics has installed a new Bekum H-155 blow molding machine at its facility in Brookfield.

The Bekum’s H-155 extrusion blow molding machines are equipped to produce a variety of products, from small bottles to large handleware.

Apex said that the machine allows it to produce a wide variety of bottles and containers in various sizes and cavitations.

Apex Plastics is engaged in producing custom and proprietary blow-molded bottles, containers and shapes. Its facilities are equipped to handle a wide variety of run sizes and configurations.


Image: The Aoki 250LL-50S injection blow molding machine. Photo: courtesy of APEX Plastics.

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Global Blow Molded Plastic Bottles Market 2017- Amcor, Alpha Packaging, APEX Plastics, Sidel – Amcor Alpha Packaging APEX Plastics Sidel 吹塑成型塑料瓶

BP predicts plastics bans will impact oil demand – BP plc has predicted that global demand for oil could be impacted by as much as 2 million barrels per day by 2040 due by governments’ efforts to regulate products, including bans of single-use plastics – BP predicts plastics oil demand

BP predicts plastics oil demand BP predicts plastics oil demand  BP predicts plastics oil demand  BP predicts plastics oil demand  BP predicts plastics oil demand  BP predicts plastics oil demand  BP predicts plastics oil demand  BP predicts plastics oil demand  BP predicts plastics oil demand  BP predicts plastics oil demand  

BP predicts plastics bans will impact oil demand

BP predicts plastics oil demand

BP plc has predicted that global demand for oil could be impacted by as much as 2 million barrels per day by 2040 due by governments’ efforts to regulate products, including bans of single-use plastics.

In its latest energy outlook unveiled Feb. 20, BP predicted that oil demand would continue to grow at about 0.5 percent annually through 2040.

According to the British press, commenting on the new outlook, BP’s chief economist Spencer Dale said the company believed that regulation against some types of petrochemicals, particularly single-use plastics, would increase in the coming years.

“As a result of that, we have less growth in non-combusted oils than we otherwise would have done,” Bloomberg quoted Dale as saying.

This, according to Dale, is not limited to the United Kingdom, which has recently seen a wave of actions and bans across a number of industries on single-use plastics.

“If you live in the U.K. that’s clearly been an issue, but it’s not just a U.K.-specific thing; you see it worldwide, for example China has changed some of its policies,” The Guardian quoted Dale as saying Feb. 20.

In February alone, the British royal estates, the BBC, and leading music festival Glastonbury have announced measures to cut single-use plastics.

The moves were prompted by a TV series Blue Planet II by Sir David Attenborough, which highlighted the scale of sea pollution.

Similar announcements have also been made by restaurant chains including Wagamama, Pizza Express and JD Wetherspoon.

While most resins manufactured in North America use natural gas as a feedstock, many plastics in Europe are made from oil.

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CS says talks on plastic bottle ban at advanced stage – CS plastic bottle ban advanced stage

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