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S. Korea to impose anti-dumping duties on PET film imports – South Korea’s finance ministry said Thursday it has decided to levy anti-dumping duties on polyethylene terephthalate (PET) film imported from Taiwan, Thailand and the United Arab Emirates (UAE) for the next three years – South Korea antidumping duties PET film imports

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S. Korea to impose anti-dumping duties on PET film imports

South Korea antidumping duties PET film importsSEJONG, (Yonhap) — South Korea’s finance ministry said Thursday it has decided to levy anti-dumping duties on polyethylene terephthalate (PET) film imported from Taiwan, Thailand and the United Arab Emirates (UAE) for the next three years.

In January, the country’s trade commission recommended the government levy stiff duties on the product, citing substantial damage to the local industry.

Starting April 30, duties ranging from 3.67 percent to 60.95 percent will be slapped on synthetic resin imported from the three countries for the next three years.

Since November last year, the finance ministry has been imposing duties of 3.92 percent to 51.86 percent on the imported PET film.

The PET film subject to the imposition is used for manufacturing snack packages and materials for liquid crystal displays.

The foreign manufacturers have argued that Korean PET film has lost price competitiveness and the high tariff on foreign goods will only burden domestic consumers.

The local market for the chemical compound was estimated at 1 trillion won (US$927 million) last year, with products imported from the countries accounting for 10 percent, according to Seoul’s trade ministry.

sam@yna.co.kr

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-7 Startups Recycling Plastic with New Technology – Last year, scientists took a crack at calculating the total amount of plastics produced since about 1950. They came up with 8.3 billion metric tons (or more than 9 billion good-old American tons), about three-quarters of which has become waste – Recycling Plastic New Technology

Biaxially Oriented Polyethylene Terephthalate BOPET Films Market Biaxially Oriented Polyethylene Tere

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‘Red hot’ Europe PET market could continue through peak season -The polyethylene terephthalate (PET) market is “red hot” and the tightness may continue through the peak bottling season – Europe PET market peak season

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‘Red hot’ Europe PET market could continue through peak season

Source:ICIS News

LONDON (ICIS)–The polyethylene terephthalate (PET) market is “red hot” and the tightness may continue through the peak bottling season, sources said on Friday.

Europe PET market peak season “The market is very tight and it may not change before the end of the high season,” a source said.

The build up to the peak season was disappointing and three plant shutdowns in March failed to disrupt the market. This was partly due to the cold weather and the now heavily contracted market.

Domestic producers have seen their raw material based contract margins improve in the last two months.

Europe PET market peak season

There were some expectations that by May, spot PET would still be around €1,100/tonne. But a sharp increase in Asian prices, and two force majeure declarations in upstream purified terephthalic acid (PTA) have effectively ramped up the pressure in Europe.

So much so that there is “close to €100/tonne” difference between raw material-based contracts and spot.

There are limited, fresh cargoes available from Asia before the traditional end of the season in Europe, there is very little domestic spot available, and there are no options for buyers to purchase cheap material. This could mean more weeks and even months of bullish behaviour, particularly if there are still spot gaps to fill.

On the other hand, this market has been testament to rapid changes in the past.

“It’s really hard to predict and the market changes so quickly…everything could change in one day…,” a converter said.

If buyers cover themselves and sellers manage to survive despite upstream curtailments, then there is little reason for much variation, or at least for PET prices to increase further.

For now though, it’s a matter of deciding whether or not it is worth buying at relatively expensive prices now, even for delivery towards the end of the season, just to be safe.

PET is used in fibres for clothing, containers and bottles for liquids and foods, thermoforming for manufacturing, and in combination with glass fibre for engineering resins.

Focus article by Caroline Murray

Picture source: Photo by imageBROKER/REX/Shutterstock

By Caroline Murray

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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

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Mexico’s Pemex to up PE run rates on feed supply improvement: sources – Pemex has begin running its steam crackers at 100% and plans to increase its polyethylene run rates over the next two months in the wake of improved ethane feedstock availability, sources with the state-owned energy producer said this week – Mexico Pemex PE polyethylene

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Mexico’s Pemex to up PE run rates on feed supply improvement: sources

Houston (Platts)-

Mexico Pemex PE polyethylenePemex has begin running its steam crackers at 100% and plans to increase its polyethylene run rates over the next two months in the wake of improved ethane feedstock availability, sources with the state-owned energy producer said this week.

The improved production coincides with a planned maintenance set to be undertaken in mid-May by fellow Mexican polymer producer Braskem-Idesa, the sources said. The planned maintenance will free up ethane produced by Pemex and typically provided to Braskem-Idesa on contract, allowing the former to us the feed internally, the sources said.

Pemex’s 20-year supply contract with Braskem-Idesa calls for the delivery of 66,000 b/d of ethane for use in cracking at the Etileno XXI petrochemical complex in Veracruz, with the resulting ethylene used to produce various grades of Braskem-Idesa polyethylene. Since beginning deliveries to Braskem-Idesa in early 2016 when Etileno XXI began production, Pemex has seen its own ethylene and PE production decrease in line with the reduces feed available for internal consumption, the company has said.

So far this year, Pemex has seen its ethane production fall off, in line with late-2017 internal company analysis that predicted a 20% dropoff (from producing around 100,000 b/d to just 80,000 b/d) through the first two quarters of 2018, company sources have said. The issue stems from lower wellhead ethane output in southern Mexico related to elevated nitrogen levels and compression issues having a negative effect on overall NGL production in the region.

Pemex countered this reduced ethane production with spot shipments from the US through May, coinciding with the Braskem-Idesa maintenance freeing up stock for internal use. Pemex recently issued a tender for ethane imports to cover the next three-plus years to be used only for the production of ethylene at Pemex’s crackers in Cangrejera and Morelos, company sources said.

Overall, Pemex’s ethylene production sits at 82,482 mt through February this year, down 13,283 mt (13.9%) when compared with the first two months of last year and down 82,114 mt (49.9%) when compared with January-February of 2016, prior to beginning to supply Braskem-Idesa, according to company . In a related development, Pemex has seen its total PE production fall to 45,616 in the first two months of 2018, down 9,904 mt (17.8%) when compared with the January and February of 2017. Pemex’s current PE production dropoff was more pronounced compared with the first two months of 2016, falling 61,663 mt (54.5%).

–Phillipe Craig, phillipe.craig@spglobal.com

–Edited by Richard Rubin, richard.rubin@spglobal.com

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Breakthrough polymer to make plastic infinitely recyclable -Colorado State University chemists have discovered a polymer that can be infinitely recycled without intensive procedures in a laboratory or using toxic chemicals – Polymer plastic infinitely recyclable

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Breakthrough polymer to make plastic infinitely recyclable

Polymer plastic infinitely recyclable Colorado State University chemists have discovered a polymer that can be infinitely recycled without intensive procedures in a laboratory or using toxic chemicals.This polymer is strong, heat resistant, durable and lightweight.


Devdicourse News Desk

The polymers can be chemically recycled and reused, in principle, infinitely. (Image Credit: Wikimedia)

Colorado State University chemists have discovered a polymer that can be infinitely recycled without intensive procedures in a laboratory or using toxic chemicals.This polymer is strong, heat resistant, durable and lightweight.

It is a major step in making materials that are sustainable and waste-free.Polymers are characterized by chains of chemically bonded molecules called monomers. a monomer can be polymerized in environmentally friendly conditions: “solvent-free, at room temperature, with just a few minutes of reaction time and only a trace amount of catalyst.” The material created in this process possesses mechanical properties “that perform very much like a plastic.” said professor Eugene Chen in 2015.

With the help of catalysts, the polymer can be recycled. In the breakthrough journal  ‘science’ scientists envision a future with green plastics that can be “simply placed in a reactor and, in the chemical parlance, de-polymerized to recover their value — not possible for today’s petroleum  plastics.” “This would bring the material back to its chemical starting point, so it could be utilized again and again and again,” Chen added.

The polymers can be chemically recycled and reused, in principle, infinitely.

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ANDRITZ Presents Its Cutting-Edge Nonwovens Solutions At ANEX 2018 – International technology Group ANDRITZ will be presenting its innovative nonwovens production solutions and textile finishing technologies for the Asian markets at ANEX 2018 – ANDRITZ Nonwovens Solutions ANEX 2018

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ANDRITZ Nonwovens Solutions ANEX 2018GRAZ, Austria  — International technology Group ANDRITZ will be presenting its innovative nonwovens production solutions and textile finishing technologies for the Asian markets at ANEX 2018, to be held at the Big Sight Exhibition Center in Tokyo, Japan, from June 6 to 8 (East Hall, Booth 2430). As one of the world market leaders in advanced technologies for air-through bonding, needlepunch, spunjet, spunlace, thermobonding, and wetlaid, ANDRITZ offers customized and unique solutions as well as excellent service to meet the individual requirements of its customers.

State-Of-The-Art Technologies For THE Hygiene Market

ANDRITZ offers tailor-made solutions and technologies for nonwovens producers focusing on the hygiene market:

  • Nonwovens calenders for applications in thermobonding, embossing, compacting, lamination, or perforation
  • Spunjet soft technology to soften the spunbond fabric
  • Spunlace lines for diaper back-sheets used for premium quality diapers and leg cuffs
  • Air-through bonding lines for best softness in acquisition distribution layers and top-sheets. With the ANDRITZ flat oven, customers benefit from high production capacity and high-performance fabrics from 16 to 80 gsm, produced with bicomponent fibers. The CETI European Institute in Lille, France, recently installed an air-through bonding oven from ANDRITZ. Customers are welcome to visit and conduct trials.

ANDRITZ also leads the face mask market for skin care with its lightweight spunlace crosslapped lines for nonwovens from 30 to 45 gsm, using such raw materials as cotton, cellulose, and blends thereof. Customers benefit from web uniformity, fabric stability, and low elongation. The skin care mask market is growing rapidly in many parts of the world, especially in Asia, but also more and more in Europe.

WETLAID Technology To Reach New Markets With Added Value

The ANDRITZ neXline wetlaid opens the door to niche market manufacturers, offering products made from special fibers such as aramid, carbon, micro-glass, and other high-tech fibers, and is the right choice for end uses in the automotive, aerospace, agricultural, construction, medical/hygiene, and household sectors. Numerous options are available to meet individual needs.

Moreover, the Wetlace™ technology provides unique technology for outstanding performance in the production of flushable wipes. It combines the ANDRITZ webforming solution with ANDRITZ hydroentanglement units, optimizing the wet strength of wipes for use and rapid disintegration when flushed.

Added Value With ANDRITZ IIoT Solutions

The digital ANDRITZ technologies combined under the Metris technology brand reflect the very latest state of the art in the IIoT/Industry 4.0 sector and provide comprehensive support to customers in achieving their production and corporate goals in terms of increasing the efficiency and profitability of plants, optimizing the use of resources, avoiding breaks in production, and achieving highest product quality. The innovative ANDRITZ digitalization solutions also use highly user-friendly features, such as easy control via smartphone, tablet PC, or smartglasses.

The ANDRITZ team is looking forward to meeting you at ANEX to show you how to achieve smooth and modern production operations (booth 2430).

Source: ANDRITZ

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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

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Iran and the oil market

How Iran’s nuclear deal and a host of other factors are forging a new crude reality.

The stakes are getting higher in the global oil market.

Iran Crude Oil market Nearly one year ago, producers were worried about too much crude, but now, the fear is that demand will outstrip supply. That prospect has boosted oil prices to their highest level since 2014.

The International Energy Agency says global demand for oil could grow to nearly 100 million barrels a day this year.

But when it comes to the price of oil in 2018, there a number of things to consider.

One of the biggest issues is the likelihood of the United States pulling out of the Iran nuclear deal. President Donald Trump has until May 12 to decide whether to bring back sanctions that were eased in exchange for curbs on Tehran’s nuclear programme. That could keep Iranian exports of around two million barrels a day from flowing.

The impact of the sanctions would not be as large as the previous round of sanctions because the US would be alone … So you should see a shift of Iranian oil exports going more to the east, and the exports of Iran towards Asia have already started to increase.

Olivier Jakob, managing director, Petromatix

Additionally, oil output is falling in Venezuela, which is the Organisation of the Petroleum Exporting Countries‘ (OPEC) biggest producer in Latin America. The political and economic turmoil there has cut crude production to around 1.5 million barrels a day.

Less oil from Iran or Venezuela makes it easier to keep production targets between OPEC and non-OPEC in place. This is something Donald Trump isn’t happy about. “Looks like OPEC is at it again,” Trump wrote on Twitter. “Oil prices are artificially Very High! No good and will not be accepted!”

Before the tweet, Saudi Arabia said it wants oil prices to be between $80-100 a barrel.

“That would not be of benefit to the US and I think this is the first warning given by the president to OPEC to not allow the prices to run too high”, Olivier Jakob, managing director at Petromatix, a Swiss-based independent research group specialised in the oil markets, told Al Jazeera.

“From the president’s side, he does not really want to return to the time of $100 [a barrel] oil that we had under Obama. The higher oil prices could start to be a concern for the consumer confidence in the US, and with the geopolitical agenda in the Middle East he also doesn’t want oil prices to run too high.”

If the US pulls out of the Iranian nuclear deal, “the impact of the sanctions would not be as large as the previous round of sanctions because the US would be alone,” says Jakob. “So you should see a shift of Iranian oil exports going more to the east, and the exports of Iran towards Asia have already started to increase. So I think Iran is probably going to discount its crude oil in order to keep the customers in Asia that are less sensitive to the potential sanctions from the US.”

Asked about potential sanctions on Venezuela, Jakob says: “Right now, Venezuela is suffering as much as Iran was suffering when it was under sanctions. The US right now is in the best position in the sense that without hard sanctions on Venezuela, the country is already feeling the impact of it … So, to add additional sanctions on top of the current drop of production and exports from Venezuela is not fully necessary because Venezuela by itself is restraining its revenue potential.”

Also on this episode of Counting the Cost:

The Korean peace dividend: A historic summit between the leaders of North and South Korea has raised the prospect of a formal peace treaty by the end of this year. And that could mean big investment opportunities on the peninsula, as James Bays reports exclusively from Pyongyang.

Jim McCafferty, head of Numura’s Asia Research, discusses what a peace dividend would mean for the Korean Peninsula.

Nepal’s disaster recovery: Thousands of survivors of a massive earthquake in Nepal three years ago are still living in makeshift shelters. They say the government has not lived up to its promise to provide them with permanent homes, as Subina Shrestha reports from Kathmandu.

South Sudan copyright laws: Writers and musicians in South Sudan are struggling with the absence of copyright laws in the country. And that’s forced many to produce their material abroad, as Hiba Morgan reports from Juba.

Kids versus robots: The World Economic Forum is predicting that machines will replace a fifth of all human jobs over the next 20 years. Divya Gopalan went to a learning centre in Hong Kong that’s teaching kids to stay ahead of robots.

Source: Al Jazeera

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Denim Première Vision to showcase contemporary collections – Denim Première Vision that decodes fashion, innovation and eco-responsibility, will provide a platform for fashion brands to showcase their contemporary denim collections – Denim Première Vision collections

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Denim Première Vision to showcase contemporary collections
Denim Première Vision collections
Courtesy: Denim Première Vision

Denim Première Vision that decodes fashion, innovation and eco-responsibility, will provide a platform for fashion brands to showcase their contemporary denim collections. The event will take place at the Parc Floral in Paris on May 23-24. Designer Lutz Huelle has for the first time been elected for carte blanche at the Denim Première Vision.

Elaborated in the context of the new collaboration between designer Lutz Huelle and the show’s fashion team, the Denim Trends Area is broken down into 2 parts – an inspirational forum and a forward looking forum.

An inspirational seminar, a seminar dedicated to the autumn winter 2019-20 fits and a seminar decoding spring/summer 2019 will also be held during the 2-day event. Through its Smart Creation platform, Première Vision has proposed a range of studies and actions to identify and communicate its exhibitors’ initiatives in terms of responsible production and creation. Denim Première Vision has adapted its Smart Creation programme to the denim industry and will present a special area, the Denim Smart Square.

Denim Première Vision will also be hosting a socio-cultural master class presented by Pascal Monfort, founder of the Rec Trendsmarketing agency, on the theme The Future Is Bright. (KD)

Fibre2Fashion News Desk – India

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