Polyestertime

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 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 

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

POSTS 新闻 Plastic Petrochemicals

Polymers Petrochemicals – Graphs – FGPET – FGPET Bright -BGPET -POLYAMIDE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

-US moves forward with tariffs on $50bn of Chinese goods – USA tariffs $50bn Chinese goods

POSTS 新闻 Plastic Petrochemicals

-Brexit will free the UK from ‘anti science’ EU regulations, says Tory MP – THE European Union held back the booming British biotech industry with its “anti innovation regulations” and prevented the UK from taking its scientific expertise onto a global platform – Brexit UK EU regulations

POSTS 新闻 Plastic Petrochemicals

-‘A death blow’: Tariff threat looms large in the heart of Canada’s auto industry – Mike Malott has survived massive turmoil during his nearly 20 years as an automotive worker here in the heart of the Canadian industry — but now that his livelihood is in the crosshairs of a United States president who appears hell-bent on restricting cross-border trade, he is frightened – Tariff threat Canada auto industry

POSTS 新闻 Plastic Petrochemicals

-It’s Trump Sanctions, Not OPEC, That’s Boosting Oil – Trump Sanctions OPEC Boosting crude Oil

POSTS 新闻 Plastic Petrochemicals

-Faurecia to set up new interiors plant – Faurecia, a leading automotive technology company, is expanding its presence in India with a new interiors plant in Anantapur district – Faurecia interiors plant automotive

 POSTS 新闻 Plastic Petrochemicals

-Pretium Packaging to expand US manufacturing facilities – Pretium Packaging USA manufacturing facilities

 POSTS 新闻 Plastic Petrochemicals

-Dhanuka-Lohia JV travels to Egypt – Dhunseri Petrochem Ltd has signed a definitive agreement with Thailand’s Indorama Ventures (IVL) to sell a 35 per cent stake in its Egyptian PET resin business, capping a series of recent transactions to restart the mothballed plant – Dhanuka Lohia JV EIPET Egypt

POSTS 新闻 Plastic Petrochemicals

-The Fourth Industrial Revolution Is On The Horizon – Fourth Industrial Revolution

POSTS 新闻 Plastic Petrochemicals

-Why it matters if fracking companies are overestimating their ‘proved’ oil and gas reserves – The New York Times first raised concerns about the reliability of America’s proved shale gas reserves – Shale fracking companies oil gas reserves

POSTS 新闻 Plastic Petrochemicals

-BRICS Summit 2018: Foreign Ministers Oppose ‘New Wave Protectionism’, US Decision To Impose Tariffs On Its Allies – BRICS Summit 2018 Protectionism US Tariffs

 

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

-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

-IVL, Dhunseri form joint venture to acquire Egypt PET plant – Indorama Ventures Public Co Ltd (IVL) and India’s Dhunseri Petrochem have teamed up to acquire and restart a 540,000 tonne/year polyethylene terephthalate (PET) facility in Egypt – IVL Dhunseri joint venture Egypt PET plant

POSTS 新闻 Plastic Petrochemicals

-New route to synthesize bioplastics developed – While preparing oligoesters as part of regular experiments, researchers observed formation of a viscous solution which was behaving very similar to molecular self-assembly: disordered molecules were adopting a defined structure on their own – Route synthesize bioplastics

POSTS 新闻 Plastic Petrochemicals

-Moretto presented its new technological solutions at Plast 2018 – Moretto presented a range of products and machines, prepared for 4.0 process management at Plast 2018 – Moretto new technological solutions Plast 2018

 POSTS 新闻 Plastic Petrochemicals

-U.S. Shale, OPEC To Discuss Market Balance In Vienna – As everyone watches OPEC and Russia ahead of their meeting in Vienna next week, it’s easy to miss the fact that this is not the only meeting that will set the course of the global oil market in the coming months – USA Shale OPEC Market Balance Vienna

POSTS 新闻 Plastic Petrochemicals

-Market outlook: Recycling moves up the agenda – A paradigm shift is under way in the plastics industry as public concern mounts over the impact of plastic waste on the oceans and the environment – Market outlook Recycling

POSTS 新闻 Plastic Petrochemicals

-Crude oil-to-chemicals technology could be game changer for chemicals industry – Siluria Technologies (San Francisco and Menlo Park, CA) and Saudi Aramco Technologies Co. (Dhahran, Saudi Arabia) announced this week that they would join forces to revolutionize the petrochemicals industry through crude oil-to-chemicals (COTC) and oxidative coupling of methane (OCM) technologies – Crude oil chemicals technology chemicals industry

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 POSTS 新闻 Plastic Petrochemicals

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

POSTS 新闻 Plastic Petrochemicals

-Happy Eid to all our  muslim readers

-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

-Southeast Asia PE market faces longer H2 supply, weak demand – Southeast Asia’s polyethylene (PE) market may be facing longer supply in the second half, hinging on how the US-China trade spat plays out, amid the region’s weakening demand for imports – Southeast Asia PE market

 POSTS 新闻 Plastic Petrochemicals

-Evertis continues its commitment to sustainability – At Evertis Ibérica, the company’s purpose has been achieved to the fullest extent. Evertis Ibérica, located in Portugal, is a subsidiary of Control PET, a group pioneer in the field of PET film extrusion – Evertis sustainability PET film extrusion Control PET

 POSTS 新闻 Plastic Petrochemicals

-Disconnect with feedstock allows European PET to be sold forward – The disconnect between raw material and current, high polyethylene terephthalate (PET) spot prices is so big in Europe that domestic producers are prepared to sell forward without knowing production costs – European PET polyethylene terephthalate raw material

POSTS 新闻 Plastic Petrochemicals

-Dornbirn Global Fiber Congress 57 to be held in September – The 57th Dornbirn Global Fiber Congress (Dornbirn GFC), the European-led innovation platform for the fibre industry, will be held from September 12 to 14, 2018, in Austria – Dornbirn Global Fiber Congress

POSTS 新闻 Plastic Petrochemicals

-US shale firms miss out on $70 oil after hedging at $55 – Many top US shale oil producers are missing out on the rally in oil prices to more than $70 a barrel – because they sold their oil through futures contracts at about $55 last year when that looked like a good deal – USA shale firms $70 oil

POSTS 新闻 Plastic Petrochemicals

-NMMA provides update on EPA bio-isobutanol approval –  Earlier this week, U.S. Environmental Protection Agency Administrator Scott Pruitt approved the registration of bio-isobutanol as a fuel additive – NMMA EPA bioisobutanol

POSTS 新闻 Plastic Petrochemicals

-China’s Hengli aims to start first PX line in Nov, after refinery starts – China’s Hengli Petrochemical plans to start test runs at one of its two new paraxylene production lines in Dalian, Liaoning province, in November – China Hengli PX line

POSTS 新闻 Plastic Petrochemicals

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 PetrochemicalsPO-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

-OPEC Lifts Non-OPEC Oil Production Growth Forecast – OPEC revised up on Tuesday its 2018 forecast for total non-OPEC supply growth, while it left unchanged its projection for world oil demand growth at 1.65 million bpd this year – OPEC NonOPEC Oil Production

POSTS 新闻 Plastic Petrochemicals

-Sustainable packaging requires a flexible supply chain – Many companies across the globe are attempting to develop sustainable packaging materials to reduce environmental impact – Sustainable packaging supply chain

POSTS 新闻 Plastic Petrochemicals

-PE prices in Europe are rising in June – Prices of polyethylene (PE) in Europe are expected to grow in June, buyers and sellers note, but the rise in PE prices has not yet covered the increase in raw material quotations – PE prices Europe June

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

-Asia PTA supply to lengthen in H2 on India, China plant start-ups – Asia PTA supply India China plant

POSTS 新闻 Plastic Petrochemicals

-BASF invests in carbon recycling company LanzaTech – BASF invests carbon recycling LanzaTech

POSTS 新闻 Plastic Petrochemicals

-Colour Tone to urge producers to ensure recyclability of non-clear plastics at PDM 2018 – Colour Tone producers recyclability nonclear plastics PDM 2018

POSTS 新闻 Plastic Petrochemicals

-First bio-based FDME pilot plant opens – First biobased FDME pilot plant

POSTS 新闻 Plastic Petrochemicals

-DSM launches innovative fermentation solution that improves ethanol production – DSM fermentation solution ethanol production

POSTS 新闻 Plastic Petrochemicals

-Improving nature’s tools for digesting plastic – Improving nature digesting plastic

POSTS 新闻 Plastic Petrochemicals

-MEGlobal nominates July MEG ACP at $1,110/mt CFR Asia, down $40/mt from June – MEGlobal MEG ACP $1,110/mt CFR Asia

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 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 

-Oil prices are unlikely to increase as ‘sharply’ from now on, IEA says – Crude Oil prices IEA

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

-German investor outlook slumps to six-year low on weaker demand, trade tensions and Italy – German investor outlook demand trade tensions Italy

POSTS 新闻 Plastic Petrochemicals

-Foreign producers in Russia urge Putin to block controversial bill – Foreign producers Russia Putin controversial bill

 POSTS 新闻 Plastic Petrochemicals

-Faurecia and FAW Group ink cockpit and sustainable mobility agreement – Faurecia FAW Group sustainable mobility agreement

POSTS 新闻 Plastic Petrochemicals

-Making cars and planes lighter and cleaner using unidirectional fibre tapes – An EU initiative has developed a cost-effective way to produce unidirectional (UD) tape to manufacture and reinforce parts in cars and planes – Cars planes unidirectional fibre tapes

POSTS 新闻 Plastic Petrochemicals

-Oil demand defies gloomy forecasts but in ‘last gasp’ of growth: Fesharaki – Crude Oil demand forecasts

POSTS 新闻 Plastic Petrochemicals

-Tight NE Asia propylene supply to limit H2 price fluctuations – Tight propylene (C3) supply in northeast Asia amid a heavy turnaround schedule in 2018 will continue supporting regional prices of the material into the second half- NE Asia propylene price fluctuations

POSTS 新闻 Plastic Petrochemicals

-Japan’s Sumitomo settles June caprolactam contract price up $95 from May at $2,160/mt CFR: source – Japan Sumitomo caprolactam contract price

POSTS 新闻 Plastic Petrochemicals

-Singtex launches eco-friendly stretch fabric – Singtex, a manufacturer of outdoor functional fabrics, has developed an eco-friendly moderate stretch fabric with long-lasting performance, S.Leisure – Singtex ecofriendly stretch fabric

POSTS 新闻 Plastic Petrochemicals

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 WTI BRENT 原油

Crude Oil 

 Crude oil WTI BRENT 原油

Brent Crude Oil          : 72,91  $/Barrel

1 year WTI Forecast : 55-70  $/Barrel 

08,08 a.m. European time

Related Topics

-Oil steady as extra U.S. supply balances strong demand – Oil prices steadied on Monday as U.S. production hit a record-high and OPEC members considered boosting supply to balance rising global demand – Crude Oil steady USA supply demand

–Bearish forecast for oil on rising US output, Opec plans – A rise in US shale production and plans by the Organisation of Petroleum Exporting Countries (Opec) to gradually ramp up production are both expected to have a bearish impact on oil prices – Bearish forecast crude oil USA output Opec

-Oil prices won’t keep plunging because US drillers can’t meet demand, analysts say – Supply and demand in the oil market are finely balanced, and surging U.S. output might not be enough to offset supply disruptions in Venezuela and Iran – Crude Oil prices USA drillers

-Oil climbs over 2 percent, shrugs off API’s U.S. crude build – Crude Oil climbs API USA

The surge is over — why $50 oil is now more likely than $100

-IMF urges Saudi Arabia to resist temptation to spend, as oil prices rise – Saudi Arabia has been advised by the International Monetary Fund (IMF) not to increase spending, as oil prices reach $80 a barrel and are predicted to go higher – IMF Saudi Arabia crude oil prices

-Low oil price era is ‘dead’ as crisis-stricken Venezuela risks a supply shock, analyst says – The “lower for longer” oil price mantra is doomed, one oil analyst told CNBC Tuesday, amid heightened energy market fears of an imminent supply shock – Crude oil price crisis Venezuela supply shock

The surge is over — why $50 oil is now more likely than $100

-IMF urges Saudi Arabia to resist temptation to spend, as oil prices rise – Saudi Arabia has been advised by the International Monetary Fund (IMF) not to increase spending, as oil prices reach $80 a barrel and are predicted to go higher – IMF Saudi Arabia crude oil prices

-Low oil price era is ‘dead’ as crisis-stricken Venezuela risks a supply shock, analyst says – The “lower for longer” oil price mantra is doomed, one oil analyst told CNBC Tuesday, amid heightened energy market fears of an imminent supply shock – Crude oil price crisis Venezuela supply shock

-Forget About Oil at $80. The Big Rally Is in Forward Prices – Crude Oil $80 Prices

-Oil prices to peak in mid-2019: BofAML – Brent crude oil prices are expected to trend gradually higher, hitting an average of $80 per barrel (/bbl) by mid-2019 before gradually trending lower to an average of $71/bbl by end-2019 – Crude Oil prices peak 2019 BofAML

-What is the perfect price for oil? – When it’s too high, consumers start freaking out and using less. When it’s too low, oil companies cut back operations and lay off thousands of workers – Perfect price crude oil

-The Regulations That Could Push Oil Up To $90 – International regulations on the fuels used in shipping could tighten the oil market and push prices up to $90 per barrel in the next two years – Regulations Push Crude Oil $90

-Morgan Stanley Sees Oil Climbing To $90 By 2020 – Forget Iran and OPEC. There’s another issue that will keep oil prices supported for the next two years, according to Morgan Stanley’s oil outlook – Morgan Stanley Crude Oil $90 2020

-Get ready for $100 a barrel oil and the conflict it represents – The geopolitical risk premium in oil has driven crude prices to nearly four-year highs and shows no signs of abating – $100 barrel crude oil

-Oil for $300. Is It Possible? – If major oil companies keep postponing the necessary investments, the next “huge supply shock” may bring the oil price up to $300 per barrel – Crude Oil $300 per barrel possible

-Oil eases as clock ticks down to Trump decision on Iran – Oil eased on Tuesday ahead of an announcement by U.S. President Donald Trump later in the day on whether the United States will reimpose sanctions on Iran, but the price held within sight of its highest in more than three years – Crude Oil Trump Iran

-Saudi Arabia Needs $88 Oil – Higher oil prices have provided a boost to the economies of oil-exporting nations such as Saudi Arabia – Saudi Arabia $88 Crude Oil

-BP says still sees oil at $50-$60/bbl in 2018 as shale output surges – BP expects benchmark oil prices to weaken in the second half of the year as U.S. shale production surges by up to 1.5 million barrels per day – BP crude oil $50 $60 barrel 2018 shale output

-Iran and the oil market – How Iran’s nuclear deal and a host of other factors are forging a new crude reality – Iran Crude Oil market

-Oil output cuts succeeded but future cloudy – There is a danger of Opec, non-Opec members exceeding their vision due to current rally in oil prices, energy expert says – Oil output cuts Opec nonOpec

-Who’s to blame for costly oil? Saudis, Russia and Trump himself – Rising oil prices are now the latest target in President Donald Trump’s cross-hairs. The nation’s tweeter-in-chief complained Friday about OPEC fueling – Blame costly oil Saudis Russia Trump

-Oil pulls back from gains; OPEC says glut nearly gone – Oil prices on Thursday hit highs not seen since 2014, built on the ongoing drawdowns in global supply and as Saudi Arabia looks to push prices higher, though U.S. crude gave back gains in the afternoon to finish lower – Crude Oil OPEC glut Saudi Arabia

-Escalating Middle East Tension Could Trigger Oil Prices To Hit $100 Per Barrel – Oil prices could soon soar to $100 per barrel amid growing fear about conflict in the Middle East, according to an oil analyst for CNBC – Oil Prices $100 Barrel

 

Polymers Petrochemicals – Graphs – FGPET – FGPET Bright -BGPET -POLYAMIDE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 –

Polymers Petrochemicals  Polymers Petrochemicals Polymers Petrochemicals Polymers Petrochemicals Polymers Petrochemicals Polymers Petrochemicals Polymers Petrochemicals Polymers

 

China – Price Trend of Filament Grade Semi Dull PET Chip

Polymers Petrochemicals

China – Price Trend of Filament Grade Bright PET Chip

BGPET – Bottle Grade Polyethylene Terephthalate – Quotation in NorthEast Asia (US $)

BGPET – Bottle Grade Polyethylene Terephthalate – China : Domestic Price Tren

China – Price Trend of PX – Paraxylene FOB Korea (US $)

PTA – Purified Terephthalic Acid – Price($) in Overseas Market (Taiwan)

China – Domestic MarketPTA – Purified Terephthalic AcidPrice(yuan)

China – Prices  of MEG Monoethyleglycol Overseas market CFR China L/C 90 days

Traded Prices (yuan) of MEG – Monoethylene Glycol East China Domestic Market

Spot Price ($) Trend of the  CPL – Caprolactam in Overseas Market L/C 90 days 

Trend of the domestic CPL – Caprolactam -yuan/mt- in East China

China -Price Trend (U.S. $ ) of Nylon 6

China – Nylon 66 chip domestic market price (yuan)

East China – Nylon conventional spinning chip price (yuan)

China – Polyester POY 150D/48F

China – Polyester DTY 150D/48F

South China – PSF 1,4D – 38mm -direct spinning

China : Polyurethane – Price Trend of Spandex 40D

CFR South Asia : ACN – Acrylonitrile Market (U.S. $)

East China : ACN – Acrylonitrile Market (yuan)

China : Price Trend of ASF 1,5D*38mm (Acrylic Staple Fibre)

China : VSF – Viscose Staple

China : Benzene $ FOB Korea

China : Price Trend of RMB Benzene

Traded Prices ($) of Naphtha

South China – Adipic Acid Price – Shandong – Xinjiang

China – Price Trend of Polypropylene -PP – Powder

LDPE Polyethylene – PE – CFR Far East – US$/mt

LDPE Polyethylene – PE– FD NWE – €/mt Pol Pe

LLDPE Polyethylene – PE – CFR Far East -US $/m Polymers Petrochemicals

LLDPE Polyethylene – PE – FD NWE – €/mt Polymers Pe

HDPE -High-density polyethylene   – CFR Far East – US$/mt Polymers

Homopolymer PP   -Polypropylene – CFR Far East – US$/mtP

Homopolymer PP  – Polypropylene  –  FD NWE – €/mtPe

Related Topics

-NPE ’18: PET prices rising in Latin America on Asia gains, tight supply – Latin America polyethylene terephthalate (PET) prices are still rising on the strength of high demand for bottled drinks in the northern hemisphere, heading into this year’s National Plastics Exposition (NPE) – NPE 2018 PET prices Latin America Asia

-Taiwan PET resin firms listed by U.S. for dumping – Department of Commerce (DOC) said Tuesday that it has determined in a preliminary ruling that polyethylene terephthalate (PET) resin suppliers from Taiwan and four other countries sold their products at unfairly low prices in the U.S. market – Taiwan PET resin firms USA dumping

-U.S. ITC allows duties on imported PET resin findings: statement – USA ITC duties PET resin

-PET Imports To Face Anti-Dumping Duties in the U.S – The imposition of duty is further to trade investigations following petitions filed in September last year by domestic PET manufacturers – PET Imports AntiDumping Duties USA

-Octals pet resin gives opportunity for export to Canada – Raising the profile of Omani exports worldwide and boosting bilateral trade opportunities between Oman and Canada, Octal one of the sultanate’s principal exporters – Octals pet resin export Canada

-Americas petrochemicals outlook: w/c Apr 16 – Spot ethylene has been on the rise, 0.50 cent/lb higher than the record lows seen April 9 after prompt-month was heard offered at 14 cents/lb MtB Nova – Americas petrochemicals outlook

-Motiva considers ethylene, aromatics projects in US – Motiva Enterprises signed $8bn-10bn worth of memoranda of understanding (MoUs) covering process technologies for possible ethylene and aromatics units in the US – Motiva ethylene aromatics projects USA

-US spot ethylene falls to 16-year low amid tariff concerns – US spot ethylene traded at a 16-year low on Friday amid long supply and concerns about proposed Chinese tariffs on chemicals – USA spot ethylene chemicals

-The initial price for MEG in Europe for April deliveries fell by EUR20 per tonne – The initial contract price of monoethylene glycol (MEG) in Europe for April deliveries was agreed at the level of EUR965 per tonne, which is EUR20 per ton lower than the March contract prices – Price MEG Europe April

-China’s MEG up in anticipations of better supply-demand for Q2 – China’s MEG market has remained rangebound for around two weeks, and domestic spot prices shivered around 7,000yuan/mt – China MEG prices market

-Prices MEG in the US may fall in April  – It is expected that prices of monoethylene glycol (MEG) in the US will decline in April due to a weakening of demand between peak seasons – Prices MEG USA April 

-AFPM ’18: EQUATE’s US MEG plant begins construction phase – CEO – AFPM 2018 EQUATE USA MEG

-Sabic reduced the April price of MEG by USD55 per tonne – Sabic, the largest Saudi petrochemical company, has lowered the contract price of monoethylene glycol (MEG) to supply material to the Asian market in April at USD55 per tonne compared to the March price level – Sabic April price MEG

-MEGlobal lowered the April contract price of MEG in Asia by USD80 per tonne – MEGlobal, the world leader in the production of monoethylene glycol (MEG) and diethylene glycol (DG), set the April contract price for MEG for Asia at USD1,100 per tonne – MEGlobal April contract price MEG Asia4

-China polyester to drive MEG, but oversupply fears – China polyester MEG oversupply – Robust demand from polyester production in China is expected to drive the Asian monoethylene glycol (MEG) market in the first half of 2018

US moves forward with tariffs on $50bn of Chinese goods – USA tariffs $50bn Chinese goods

USA tariffs $50bn Chinese goods USA tariffs $50bn Chinese goods  USA tariffs $50bn Chinese goods  USA tariffs $50bn Chinese goods  USA tariffs $50bn Chinese goods  USA tariffs $50bn Chinese goods  USA tariffs $50bn Chinese goods  USA tariffs $50bn Chinese goods  

US moves forward with tariffs on $50bn of Chinese goods

Source:ICIS News

USA tariffs $50bn Chinese goods HOUSTON (ICIS)–US President Donald Trump on Friday moved ahead with plans to impose tariffs on goods from China, causing China’s government to respond that it would seek similar actions.

“In light of China’s theft of intellectual property and technology and its other unfair trade practices, the US will implement a 25% tariff on $50bn of goods from China that contain industrially significant technologies,” Trump said in a White House press release.

US Trade Representative (USTR) Robert Lighthizer alleged that China has engaged in cyber attacks on US computer networks, in addition to intellectual property theft and the transfer of US technology.

“President Trump has made it clear we must insist on fair and reciprocal trade with China and strictly enforce our laws against unfair trade,” Lighthizer said.

The USTR office created two lists of products from China that consist of the tariff lines.

The first set will come into effect on 6 July, and cover approximately $34bn worth of goods.

The second set covers the remaining $16bn. USTR said a final determination of the list is still in progress.

Trump noted the US will pursue additional tariffs if China engages in retaliatory measures.

China’s foreign ministry spokesperson Lu Kang said measures “of the same scale”  would be taken immediately.

By David Haydon

Brexit will free the UK from ‘anti science’ EU regulations, says Tory MP – THE European Union held back the booming British biotech industry with its “anti innovation regulations” and prevented the UK from taking its scientific expertise onto a global platform – Brexit UK EU regulations

Brexit UK EU regulations Brexit UK EU regulations   Brexit UK EU regulations   Brexit UK EU regulations   Brexit UK EU regulations   Brexit UK EU regulations   Brexit UK EU regulations   Brexit UK EU regulations   Brexit UK EU regulations   Brexit UK EU regulations   Brexit UK EU regulations   Brexit UK EU regulations   Brexit UK EU regulations  

Brexit will free the UK from ‘anti science’ EU regulations, says Tory MP

THE European Union held back the booming British biotech industry with its “anti innovation regulations” and prevented the UK from taking its scientific expertise onto a global platform, a Conservative MP said.

By ALICE SCARSI

Arguing that there exists an “anti-science” agenda in Brussels, he said: “The growing hostility of the EU to ‘biotech’ has had a hugely damaging effect on the EU Bioscience Economy over the last five years.

“Just as the genomic revolution has been starting to offer untold opportunities across medicine and agriculture, the EU has been developing an increasingly hostile regulatory framework which has undermined Europe as a hub of biotechnology.”

This trend clipped the UK’s wings, Mr Freeman added, and slowed the possibility for Britain to “take global and commercialise” its groundbreaking discoveries and technologies. 

The BioIndustry Association (BIA), the British trade association for innovative life sciences, said earlier this year that the UK’s pipeline of biotech treatments in 2017 was the strongest in Europe.

The association also revealed that UK biotechs raised more than twice as much money in 2017 than in 2016.

But, Mr Freeman argued, British biotech could be more successful, as its progress has been held back “for too long by anti-innovation EU regulation.”

The sector he believes has been hit the most by these measures is agricultural one, where instead of embracing genetic trait science (GM) that can produce disease-resistant crops has blocked it with regulations.

Brexit UK EU regulations GETTY

Brexit has the potential of freeing the UK from EU anti-science regulations according to a Tory MP

Mr Freeman, who served as the UK’s first ever Minister for Life Sciences from 2014-2016, said: “This regulatory hostility to biotech has had its most serious impact in agricultural research, where the EU’s hostility to GM led German-based BASF to announce their withdrawal from Europe in Agricultural Research and Development.

“That’s a €10 billion disinvestment Europe can ill afford.

“As I warned the Commission at the time in a keynote speech as UK Minister for Life Sciences, unless the EU embraced greater flexibility for member states to ‘go it alone’ in designing appropriate regulatory frameworks for GM crops, Europe risked being consigned to the slow lane of the global bio-economy.”

Brexit has the potential of freeing the UK from these regulations, Mr Freeman said.

Brexit UK EU regulations GETTY

Among the UK biotech innovations praised by Mr Freeman there is genetic trait science

Brexit UK EU regulations GETTY

The UK’s pipeline of biotech treatments in 2017 was the strongest in Europe, BIA reported

But, he argued, to get the best out of this innovative sector, the government must “start leading the way on creating a new regulatory framework for 21st-century innovation.”

He said: “If we get this right, we can make the UK the ‘Gateway Testbed’ for new 21st century technology and appropriate regulation, which the City can then finance to take global.

“Done properly, we could become the global capital for the research, development and financing of the innovations in the core markets of food, medicine and energy (the ‘science of life’) around the world.”

Mr Freeman believes Britain can pride itself of some “stunning innovations”.

Among them he counted studies in tumour genetics, thanks to which “we can now detect and eradicate tumours in people who 20 years ago would have died” and stem cell science, which allows us to “reverse blindness with one injection”.

‘A death blow’: Tariff threat looms large in the heart of Canada’s auto industry – Mike Malott has survived massive turmoil during his nearly 20 years as an automotive worker here in the heart of the Canadian industry — but now that his livelihood is in the crosshairs of a United States president who appears hell-bent on restricting cross-border trade, he is frightened – Tariff threat Canada auto industry

Tariff threat Canada auto industry Tariff threat Canada auto industry   Tariff threat Canada auto industry   Tariff threat Canada auto industry   Tariff threat Canada auto industry   Tariff threat Canada auto industry   Tariff threat Canada auto industry   Tariff threat Canada auto industry   Tariff threat Canada auto industry   Tariff threat Canada auto industry  

‘A death blow’: Tariff threat looms large in the heart of Canada’s auto industry

 Tariff threat Canada auto industry Van Niforos, owner of Windsor’s Penalty Box restaurant prepares food in his kitchen Windsor, Ont. (THE CANADIAN PRESS/Geoff Robins)

Armina Ligaya, The Canadian Press

WINDSOR, Ont. — Mike Malott has survived massive turmoil during his nearly 20 years as an automotive worker here in the heart of the Canadian industry — but now that his livelihood is in the crosshairs of a United States president who appears hell-bent on restricting cross-border trade, he is frightened.

The 43-year-old assembly line worker and other residents of this Southwestern Ontario city have been on edge for months during strained North American Free Trade Agreement negotiations that have included intense scrutiny of auto production in Canada, the U.S. and Mexico.

But Trump’s post-G7 Twitter tirade about imposing a 25 per cent tariff on auto imports from Canada could have potentially devastating consequences for the integrated supply chain that has been built over decades and cause job losses on both sides of the border.

Some fear the penalties could drive the city’s auto plants, including the Fiat Chrysler Automotive factory where Malott has spent the majority of his career, out of Windsor and the country altogether.

“I can’t even imagine what the city would look like without Chrysler in it,” Malott said in an interview on Tuesday at the suburban Windsor home he shares with his wife, three children and a chocolate lab.

“This city would become a ghost town.”

Malott is one of the roughly 6,000 people employed at the assembly plant, the largest manufacturing workplace in Canada, according to a 2017 report from the Automotive Policy Research Centre at McMaster University in Hamilton.

He worries he’d have difficulty finding an equivalent job in the city with his skill set if he were to lose his job at the assembly plant, which typically pays upwards of $30 an hour.

“If I don’t have a Chrysler job, I don’t have what I have today.”

Windsor would be the epicentre of a tariff fallout that could impact Ontario’s entire economically important manufacturing base and reverberate across the country. Canada’s auto sector, the country’s leading exporter, delivers roughly $80 billion in economic activity annually. It employs some 500,000 Canadians through direct and indirect jobs.

The city has long been synonymous with the auto industry — during the early 20th century, Ford, General Motors and Chrysler all had operations here.

But the industry was decimated in the wake of 2008’s Great Recession, which saw both the Ontario and Federal government in 2009 step in to contribute $10.6 billion to Chrysler Canada and GM Canada to keep them afloat.

GM closed its remaining manufacturing plant in Windsor in 2010, ending its 90-year-relationship in the city. Ford still has two engine plants in Windsor, employing roughly 2,330 people between them — far from the as many as six plants the automaker had at one point.

But the city still wears its automotive credentials with pride. Posted outside of the FCA Windsor assembly plant is a sign that reads: “Made. Right. Here. Chrysler Pacifica. Windsor Proud.”

The sector’s health, however, remains heavily reliant on the United States.

Canada exported some $63 billion worth of automobiles in 2016, 96 per cent of which was to the U.S., according to Statistics Canada and the U.S. Census Bureau. On top of that, the country exported roughly $21 billion in auto parts in 2016 — 90 per cent of which was shipped south of the border, according to the APRC.

Every Canadian auto assembly job creates nine spinoff jobs — ranging from parts suppliers to restaurants — according to the Canadian Vehicle Manufacturers’ Association.

The automotive industry and the ancillary businesses are still the “bread and butter” of Windsor, but the city has been making efforts to diversify into other industries and skills in areas such as Information Technology, said Mayor Drew Dilkens.

“Nothing changes quickly, but we’re committed to diversification,” he said.

Auto parts makers have also tried to diversify into other industries and markets, said Jonathon Azzopardi, chief executive of Windsor-area tool and mould company Laval International and a board member of the Automotive Parts Manufacturers’ Association.

Yet, roughly 70 per cent of the association’s members send their wares due south and many products cross the border roughly seven times in the process, he said.

The recent U.S. imposition of steel and aluminum tariffs will already constrain their profitability, which would be exacerbated by an auto tariff.

“Those who still rely heavily on the U.S. and the auto industry should be pretty concerned,” Azzopardi said.

“It could deal a death blow to the automotive industry for Canada.”

The tariff threat looms at a time when the automotive industry has just recovered from the 2008 recession. The sector employed an estimated 140,404 people in 2016, after adding roughly 14,700 jobs over the preceding four years, according to a recent report from McMaster’s auto centre.

Trump’s comments have also cast uncertainty on planning in an industry that makes decisions on new vehicles five years in advance, said Ken Lewenza, the former national president of the Canadian Auto Workers union, who now works as an adviser for the union’s latest iteration, Unifor, in Windsor.

Many corporate board rooms in the auto industry are likely hitting the brakes on their plans as a result, he said, as the deeply integrated North American automotive supply chain operates “almost without borders.”

Detroit, or Motor City, sits just across the river from Windsor — and the GM and Chevrolet logos emblazoned on the tallest tower of the American city’s skyline serves as a perennial reminder of their mutual ties to the automotive industry.

“You can’t shut down the Canadian operations without affecting U.S. operations. And vice versa,” Lewenza said.

“This, quite frankly, would be a real challenge for the auto industry and be a longer type problem.”

Ontario’s auto sector employs an estimated 124,000 people. A blow to the thousands of jobs at factories in auto towns across the province, including in Alliston, Brampton, and Oshawa, would also have a ripple effect on the restaurants, cafes, stores and other businesses that rely on autoworkers’ patronage.

Auto manufacturing is still a crucial part of local economies even in cities such as affluent Oakville, often regarded as a bedroom community for commuters to Canada’s financial heart in Toronto.

In an industrial section of the tony Greater Toronto Area community, dozens of 18-wheelers passed through the gates on Tuesday morning at the Ford Assembly Complex, which employs about 4,600 people. The plant’s staff parking lot was packed with the same types of Fords and Lincolns pieced together by workers at the plant.

Peter Giannopoulos, owner of the nearby Sunlight Grill is one of the entrepreneurs operating in a nearby plaza who is praying that Ford stays in the area. The thousands of workers it employs are a boon for his business.

“We get a lot of Ford traffic here. You come here on a Friday and you see the chits that we have for take-out or deliveries, you’d be shocked,” Giannopoulos said, adding that several of his neighbours work at the plant.

“Even though Oakville has its rich side, there’s a lot of middle class people here who have been working at Ford 20 or 30 years.”

Back in Windsor, a stone’s throw away from the FCA plant, the Penalty Box restaurant is filled with diners. The autoworkers’ breaks, at less than 30 minutes, don’t offer enough time to stop in for a sit-down meal, but they come on their down time, said the restaurant’s owner, Van Niforos.

“The plant means a lot to us here…. Everyone in town profits from them being here.”

At just 14-years-old, Windsor autoworker Mike Malott’s daughter Jada is already concerned about her economic future in a hometown where generations have relied on the auto sector.

“I’m scared I’m going to have to leave my city to find work,” she said.

“That’s my biggest fear.”

With a file from Peter Goffin in Oakville

RELATED STORIES

Related Topics

-Consistently fault-free components with a reduction on production costs – Heyco components demanding plastic parts automotive industry

-Polyplastic has produced more than 25 thousand tons of composite materials for the automotive industry in 2017  – Polyplastic, a composite division of the Polyplastic Group, produced more than 25,000 tons of composite materials for the automotive industry last year – Polyplastic composite materials automotive industry

-Ascend to showcase growing portfolio of PA66 applications – Ascend Performance Materials, the world’s largest fully integrated producer of nylon 6,6 resin, will showcase its growing range of Vydyne® PA66 solutions for automotive, electrical and electronics, industrial and consumer applications at NPE2018 – Ascend PA66 applications

-Ascend Performance Materials announces price increase – Ascend Performance Materials, a leading provider of high-quality plastics, fibres and chemicals, has announced a price increase for its nylon 6,6 polymers – Ascend Performance Materials price Nylon 66 polymer  

– Ascend Performance Materials to Display Portfolio of Vydyne® Products for Automotive Applications at Upcoming Tradeshows – Ascend Performance Vydyne Products Automotive

Tariff threat Canada auto industry Tariff threat Canada auto industry   Tariff threat Canada auto industry   Tariff threat Canada auto industry   Tariff threat Canada auto industry   Tariff threat Canada auto industry   Tariff threat Canada auto industry   Tariff threat Canada auto industry   Tariff threat Canada auto industry   Tariff threat Canada auto industry  

It’s Trump Sanctions, Not OPEC, That’s Boosting Oil – Trump Sanctions OPEC Boosting crude Oil

Trump Sanctions OPEC Boosting crude Oil Trump Sanctions OPEC Boosting crude Oil  Trump Sanctions OPEC Boosting crude Oil  Trump Sanctions OPEC Boosting crude Oil  Trump Sanctions OPEC Boosting crude Oil  Trump Sanctions OPEC Boosting crude Oil  Trump Sanctions OPEC Boosting crude Oil  Trump Sanctions OPEC Boosting crude Oil  Trump Sanctions OPEC Boosting crude Oil  

It’s Trump Sanctions, Not OPEC, That’s Boosting Oil

The threat of Iran’s oil output disappearing is driving up prices.

Trump Sanctions OPEC Boosting crude Oil
A support vessel flying an Iranian national flag sails alongside the oil tanker Devon.Photographer: Ali Mohammadi/Bloomberg

As OPEC oil ministers prepared to meet in Vienna later this week, President Trump fired another twitter-shot across their bows. But it is his decision to slap sanctions back on Iran that is the real driving force behind the rising price of oil.

The U.S. president has accused OPEC of being “at it again” for the second time in as many months through his favored 280-character diplomatic channel. Quite what “it” is, he has never specified.

I am always a bit confused about what people actually mean when they accuse the group of artificially raising the price of oil. OPEC doesn’t set it — and hasn’t done so for more than 30 years.

Perhaps the president is railing at the fact that some members of the group have spent millions of dollars creating production capacity that they aren’t using. Seen in another light, that surplus is a vital safety valve in the event of a sudden loss of supply — such as the one that occurred when U.S.-led forces invaded Iraq in 2003, or when Western-backed rebels overthrew Libya’s Moammar Al Qaddafi in 2011. OPEC’s spare capacity has been used to compensate for sudden supply disruptions more often than America’s strategic petroleum reserve.

There is no reason that OPEC should pump as much oil as President Trump, or anyone else, wants. The organization exists to look after the interests of its members. Some of them might see appeasing the United States as being in their best interests. Others clearly do not.

It was less than two years ago that candidate Trump’s energy adviser Harold Hamm told Bloomberg Businessweek that OPEC was “irrelevant.” A little over a month later the same Harold Hamm said it was “high-time” for the irrelevant OPEC to agree on a production freeze to raise prices.

No-one expects politicians, or their advisors, to be consistent. And oil at $67 a barrel is very different to oil at $46. Back then, U.S. shale oil production was on the slide and needed a savior. It found one in Saudi Arabia’s then Deputy Crown Prince Mohammed Bin Salman and oil minister Khalid Al-Falih, who reversed the kingdom’s “pump-at-will” policy and began to set oil prices on the path to recovery.

Now Saudi Arabia is once again at the forefront of a group of OPEC countries urging other members to do as America wishes — this time by raising output. The about-face comes hard on the heels of Al-Falih’s assertion just eight weeks ago that OPEC’s market-balancing job wasn’t yet done and that output restraint needed to be prolonged.

Buyers Beware

Buyers of Iranian crude are firmly in Donald Trump’s sights as sanctions may be starting to bite

Source: Bloomberg tanker tracking

Note: Figures include crude and condensate. Europe includes Turkey. June 2018 data are for first two weeks.

What changed in that eight weeks? The outlook for the availability of Iranian oil. Trump’s decision to pull out of the nuclear deal and re-impose sanctions will reduce the volume of crude available from the country by an unknown amount.

Getting Deeper

Some analysts have been increasing their forecasts of the volume of Iranian crude likely to be lost to renewed sanctions

Source: Bloomberg

Note: Initial forecasts were made during the first week after President Trump announced the U.S. withdrawal from the Iran nuclear deal.

I have said from the outset that the amount of Iranian oil that will be forced off the market will be more than when sanctions were previously in force — even without the EU bans on purchases that accompanied U.S. curbs last time around. Analysts are now starting to ratchet up their forecasts of the volume that could be lost.

Hitting Iran

Obama’s sanctions cut Iran’s oil output by over a million barrels a day. Expect more this time.

Source: Bloomberg

The curbs will be more extensive than under President Obama — targeting Iran’s exports of condensates as well as crude oil — and waivers will be harder to come by. Tanker owners and insurers may already be reacting to the imposition of sanctions, even before they come into effect.

It is the fear that the world is about to lose as much a million barrels a day of Iranian crude oil exports by the end of the year, and possibly another 500,000 barrels from Venezuela, that has really driven oil prices higher — not OPEC.

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To contact the author of this story:
Julian Lee at jlee1627@bloomberg.net

To contact the editor responsible for this story:
Edward Evans at eevans3@bloomberg.net

Before it’s here, it’s on the Bloomberg Terminal.

LEARN MORE

Related Topics

-US shale firms miss out on $70 oil after hedging at $55 – Many top US shale oil producers are missing out on the rally in oil prices to more than $70 a barrel – because they sold their oil through futures contracts at about $55 last year when that looked like a good deal – USA shale firms $70 oil

-Oil to trade above $75 in 2018 -Pipeline constraints will keep US output measured – Abu Dhabi: Oil is expected to trade above $75 (Dh275.25) per barrel in 2018 despite a rise in US shale oil production and plans of Opec to ease production curbs – Crude Oil trade $75 2018

-Opinion: Higher oil prices could still stifle economy, upset car makers –  Higher crude oil prices economy car makers

-Oil steady as extra U.S. supply balances strong demand – Oil prices steadied on Monday as U.S. production hit a record-high and OPEC members considered boosting supply to balance rising global demand – Crude Oil steady USA supply demand

–Bearish forecast for oil on rising US output, Opec plans – A rise in US shale production and plans by the Organisation of Petroleum Exporting Countries (Opec) to gradually ramp up production are both expected to have a bearish impact on oil prices – Bearish forecast crude oil USA output Opec

-Oil prices won’t keep plunging because US drillers can’t meet demand, analysts say – Supply and demand in the oil market are finely balanced, and surging U.S. output might not be enough to offset supply disruptions in Venezuela and Iran – Crude Oil prices USA drillers

-Oil climbs over 2 percent, shrugs off API’s U.S. crude build – Crude Oil climbs API USA

The surge is over — why $50 oil is now more likely than $100

-IMF urges Saudi Arabia to resist temptation to spend, as oil prices rise – Saudi Arabia has been advised by the International Monetary Fund (IMF) not to increase spending, as oil prices reach $80 a barrel and are predicted to go higher – IMF Saudi Arabia crude oil prices

Trump Sanctions OPEC Boosting crude Oil Trump Sanctions OPEC Boosting crude Oil  Trump Sanctions OPEC Boosting crude Oil  Trump Sanctions OPEC Boosting crude Oil  Trump Sanctions OPEC Boosting crude Oil  Trump Sanctions OPEC Boosting crude Oil  Trump Sanctions OPEC Boosting crude Oil  Trump Sanctions OPEC Boosting crude Oil  Trump Sanctions OPEC Boosting crude Oil  

1 2 3 243
Social media & sharing icons powered by UltimatelySocial