- China – Polyethylene Terephthalate
- PET and its chain are weak and continue to lose ground,with the exception of PX and MEG.
- Crude oil is steady , but weak..
- Polyamide 6 is steady, its chain continue to wane.
PET Bottle grade export 880/940 $/ton – PET Bottle grade domestic market 6,900/7,000 yuan/ton – PET Filament grade SD domestic market 6,550/6,700 yuan/ton – PET Filament grade BR domestic market 6,650/6,750 yuan/ton
- PTA Taiwan 780/800 $/ton – PTA domestic market 5,500/5,600 yuan/ton – MEG 520/530 $/ton – MEG domestic market 4,150/4,250 yuan/ton – PX Korea 830/840 $/ton
- Polyester POY 150D/48F domestic market 7,100/8,200 yuan/ton – Polyester DTY 150D/48F domestic market 9,250/9,350 yuan/ton – Polyester Staple PSF domestic market 7,700/7,800 yuan/ton
Lukoil, the second largest Russian oil company, will introduce a new gas strategy by the fall, including projects for the processing of raw materials, the vice president of the company for oil refining, petrochemistry and gas processing Rustem Gimaletdinov said, Kommersant writes.
According to him, oil and gas chemistry will become a “new growth point” for the company. “We have a large amount of very high-quality raw materials for the production of both polyethylene and polypropylene through classical petrochemistry through pyrolysis,” he explained.
Crude Oil Prices TrendPolymers Petrochemicals Smart Packaging
An industry group has identified six advanced recycling projects that target plastics from electronics. One of the tech developers is a prominent North American e-scrap processor.
Closed Loop Partners last month released a market-landscape report detailing the fast-evolving “chemical recycling” sector. Chemical recycling encompasses processing systems that use heat, pressure, solvents and other methodologies to convert recovered plastics into oils, fuels and feedstocks for new plastics and other petrochemical products. Polymers Petrochemicals Smart Packaging
From 20 to 26 June 2019, the leading trade fair in the field Groz-Beckert of textile machine construction – ITMA Europe – will be inviting visitors to Barcelona, Spain, at the Fira De Barcelona, Gran Via. Over 120,000 specialist visitors from the textile and clothing industry all over the world are expected. Groz-Beckert will be presenting its product innovations in Hall 8.0, Booth C101. Polymers Petrochemicals Smart Packaging
ITMA Europe is held every four years as a meeting point for the sector and is the ideal technology platform for forward-looking innovations in the textile world. Approximately 1,600 exhibitors from around 50 countries will be presenting their highlights from research and development – including Groz-Beckert.
Oil futures tumbled on Thursday, U.S. prices heading for a more than two-month low and poised to suffer their largest single-session loss of the year.
A broad aversion to assets perceived as risky gripped global markets, knocking down equities as investors weighed worsening U.S.-China trade tensions.
It’s “a risk-off day” with the equity markets “falling out of bed,” said Marshall Steeves, energy markets analyst at Informa Economics.
The U.S. Energy Information Administration data Wednesday “were bearish between the crude stock build and recovery in production, and there is some follow-through selling in reaction to that,” he told MarketWwatch. Polymers Petrochemicals Smart Packaging
Smurfit Kappa is making significant progress in its journey towards becoming a fully sustainable and circular business, according to its latest Sustainable Development Report (SDR).
Smurfit Kappa reached a number of key milestones throughout 2018, including the launch of its Better Planet Packaging initiative that seeks to reduce packaging waste by creating more sustainable packaging solutions through design, innovation, and recycling capabilities. The initiative sparked a huge amount of interest from customers keen to replace non-recyclable materials with paper-based packaging.
An ambitious new set of sustainability goals was unveiled having met or exceeded previous targets ahead of their 2020 deadline. Smurfit Kappa has had a long-term commitment to making real and measurable progress against its five strategic sustainability priorities of forest, climate change, water, waste and people.
An innovative Kenyan company which turns plastic waste into affordable roof tiles has been given a financial boost by Mondi Group.
Eco Blocks and Tiles has been selected by Mondi as the Lead2030 SDG 12 challenge winner and will receive $50,000 (~€45,000) in financial investment, plus 12 months of business coaching.
Lead2030 was launched by One Young World, the global forum for young leaders, in November 2018 to support youth-led innovation to contribute to the UN’s SDGs. Powered by some of the world’s leading businesses, Lead2030 aims to find, fund and accelerate youth-led solutions for each of the goals.
The packaging sector in Asia is one of the key areas earmarked for growth by Engel after the Austrian injection moulding machinery producer posted fiscal year 2018-19 turnover of €1.6 billion ($1.8bn).
Headquartered in Schwertberg, Engel reported a sales increase of 6 per cent this year, with Asia and the German-speaking countries in Europe highlighted as the primary factors, according to chief scientific officer, Dr Christoph Steger.
Engineers at the University of Waterloo have developed a technology that can help extract the biodegradable chemical from waste food that can be refined as a source of energy.
According to the study published in the ‘Bioresource Technology’, the chemical could also be used to replace petroleum-based chemicals in a host of products including drugs and plastic packaging.
“People like me, environmental biotechnologists, look at food waste as a tremendous resource. With the right technologies, we can extract numerous useful chemicals and fuel from it,” said Hyung-Sool Lee, a civil and environmental engineering professor at Waterloo.Polymers Petrochemicals Smart Packaging
DuPont has launched its new Dow Corning AMB-12235 masterbatch for PE blown film at the Chinaplas 2019 show.
The masterbatch combines an anti-block agent with a compatible slip additive to improve film processing and ensure consistent quality.
By creating synergistic effects through the right combination and amount of each active ingredient, the solution delivers a low coefficient of friction over time.
It also helps prevent migration to the film surface that can affect downstream operations and helps reduce film blocking that can cause damage, at all cost-effective low loadings.
Asia’s naphtha forward market structure flipped to a contango from a backwardation, with prompt-month prices weaker than forward months amid ample supply and slack demand.
Open-specification naphtha prices for first-half July delivery stood at $551.75/tonne CFR (cost and freight) Japan basis at early hours session, down from the previous day’s close at $562.25/tonne CFR Japan.
Prices for second-half July delivery stem stood at $552.25/tonne CFR Japan, reflecting the contango spread between the two inter-half months, according to ICIS data.
The ongoing US-China trade war has brought both advantages and challenges to Chinese re-export converters, participants said on the sidelines of this year’s Chinaplas.
Chinese re-export converters purchase imported resins and then export the finished product after processing the resins. Through government incentive programs, these converters are able to reclaim customs duties and other taxes incurred after exporting the finished product.
“We have been receiving offers for US polyethylene (PE) at very attractive levels in recent months, which has caused us to purchase more of our raw materials from the US rather than our normal Middle Eastern suppliers,” a Chinese re-export converter said.
PolyOne’s Smartbatch Frost Collecton of color masterbatches launched at Chinaplas 2019
The launch of a new collection of color and additive masterbatches that offer a translucent ‘frost’ effect for PET bottles, was made at Chinaplas 2019 by PolyOne Corp., Avon Lake, Ohio. The Smartbatch Frost Collection was developed in response to increasing demand from regional brands in China for greater product differentiation, this collection of color and additive formulations also offers to streamline production and reduce manufacturing cost.
When added to PET resins during the injection stretch-blow molding (ISBM) process, Smartbatch Frost Collection reportedly provides a soft, cool, and icy look with better slip-resistant performance than typical PET bottles.