China PE imports to stay strong amid domestic plant turnarounds – China PE Polyethylene imports

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China PE imports to stay strong amid domestic plant turnarounds

 Source:ICIS News

SINGAPORE (ICIS)–China’s polyethylene (PE) imports are expected to remain strong for the rest of the year, after posting record volumes in January to April 2018, amid scheduled turnarounds at domestic facilities.

China PE Polyethylene imports   Buyers in China have been accumulating imported PE cargoes as these were priced lower compared futures prices since the start of the year.

More cargoes will be available to China as new capacities in the US are expected to boost production.

For the month of May, the country’s PE imports are projected to reach 1.2m tonnes, higher than the monthly average in the first four months of 2018.

In January to April 2018, its PE imports volumes totaled 4.47m tonnes, up by 12% from the previous corresponding period, according to industry sources.

China PE Polyethylene imports

The import volumes were making up for the production losses in the domestic market due to scheduled turnarounds.

On 1 June, low density PE (LDPE) imports were assessed at $1,155-1,180/tonne; linear low density PE (LLDPE) stood at $1,150-1,170/tonne; while high density PE (HDPE) film products were at $1,340-1,400/tonne, according to ICIS data.

The prices have increased 1.5-6.2% from end-March, but the gains came in lower than market players’ expectations considering the heavy production loss due to turnarounds from April.

China PE Polyethylene imports   China PE Polyethylene imports

An estimated 500,000 tonnes are expected to be shaved in the second quarter due to scheduled maintenance at domestic facilities, according ICIS data.

China PE Polyethylene imports

“We thought the hefty plant turnarounds in the second quarter should lead to a surge in PE prices, but the LDPE and LLDPE prices were less than satisfactory although HDPE prices [were] high,” said an east China-based trader, referring to both the import and domestic PE prices.

Strong imports amid hedging activities bloated the total supply in China in January to April to 9.98m tonnes, up by 8% from the previous corresponding period, with supply of LDPE and LLDPE up by 14% and 8%, respectively, market sources said.

Imports of HDPE inched up by 2% over the same period given the grade’s comparatively higher prices compared with LLDPE and LDPE.

Increased availability due to recent capacity expansions and start-ups in Asia the Middle East also fuels China’s appetite for import cargoes.

In the first quarter of 2018, additional cargoes from Saudi Arabia were mostly from Sadara Chemical, which started up its 750,000 tonne/year swing plant and 350,000 tonne/year LDPE plant in Al Jubail during late 2016 and early 2017, respectively.

Cargoes of Iran origin augmented the total volume from the UAE, as market players try to go around the financial sanctions on Tehran. Kordestan Petrochemical’s 300,000 tonne/year LDPE plant in Iran came on stream in March 2017.

UAE’s Borouge has also ramped up pipe and HDPE film exports to China during the period, according to a supplier in the Middle East.

Meanwhile, PE imports from Singapore surged 38% year on year, while those from India more than doubled to 127,000 tonnes, according to China Customs data.

The ban on waste plastics implemented in China in the year also bolstered imports of virgin PE. Some waste plastics processed overseas and then re-entered the market as virgin products, but these volumes were limited.

Last year, China has imported 1.94m tonnes of PE waste plastics, while volumes in 2018 will be negligible with the implemention of the ban.

China’s PE production this year is expected to increase by around 7% to about 17m tonnes in 2018, with imports projected to grow by 10.2% to around 13m tonnes, according to a source from state-owned petrochemical giant PetroChina.

Domestic demand for PE, on the other hand, is forecast to grow by 8% this year, mainly from the packaging and pipe markets.

China’s ongoing campaign to switch to using gas for power generation instead of coal is expected to continue boosting demand for PE gas pipes this year.

The packaging industry will also drive up PE consumption, underpinned by growth in electronic commerce. China’s express delivery volumes reached 13.7bn packages during January-April 2018, based on data from the recent China Express Industry Development Conference in May.

Picture: Qingdao container port in China. (Photographer: Yu Fangping/Pacific Press via ZUMA Wire/REX/Shutterstock)

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

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Consistently fault-free components with a reduction on production costs

Editor: Rosemarie Stahl

Heyco components demanding plastic parts automotive industry
A mould for the cowl of a BMW, manufactured by Heyco. (Source: Synventive)
HEYCO GmbH & Co. KG
Synventive Molding Solutions GmbH
SolidCAM Ltd.

Heyco is a specialist not only for forged components but also for demanding plastic parts for the automotive industry. With production locations all over the world, the company has to rely on internationally available, high-quality mould components and hot runner systems.

Heyco, founded in 1937 by brothers Max and Ernst Heynen, initially produced trowels with focus on technological innovation and building a visionary company. After the turmoil of the war, they built up the production of quality tools, which they successfully sold to the prospering automotive industry as on-board equipment. As quality generates trust, the first auto-metalworking orders for the young company soon followed. The company’s activities grew in breadth as did their drop-forging capability for automotive drive technology components and other areas of automotive engineering. With foresight, the first drop-forging hammer was used in 1961 with the opening of the Heyco-Werk Süd in Bayerischer Wald/Tittling and the intensification of drop forging was driven forward.

As plastics and plastic components found their way into the automotive industry, the strategic decision of Ernst Peter Heynen resulted in Heyco taking the decisive step in 1980 to enter the field of plastic technologies. Today, the company focuses on the business areas of “Forged Components” and “Technical Plastic Products”. Carl Steinmann GmbH, a Heyco subsidiary, completed the field of activities with “IML In-Mould-Labelling”, “Quality Tools” and the field of plastics processing. In 2017, the company had over 1,000 employees working at six international locations with sales of approximately 140 million euro.

The Heyco-Werk Süd is an important pulse generator of the Heyco Group. In addition to the development and production of drop-forged components, the threads for the future-oriented production of technical plastic products come together here.

With a strategic view into the future, Heyco has made a name for itself as a specialist for the development and production of windshield/water cowls, liquid and expansion tanks, air intake systems, and system components for interior air-conditioning for the world’s leading automobile manufacturers. These plastic components are also in high demand in the growing field of electro-mobility.

Heyco components demanding plastic parts automotive industry

Case Study

Modern valve gate nozzle technology enables perfect in-mould labelling

05/04/2018 – Roth Werkzeugbau, a manufacturer of precision moulds, uses the in-mould labelling process to achieve optimum results for the packaging industry. For this process, Roth relies on valve gate technology by Günther Hot Runner Technology. read…

“We are a creative and innovative strategy and development partner for our OEM customers,” says Alexander Ritzinger, Head of Tool Management Plastics Technology. In his function as a human interface between development and production, Ritzinger is involved in the development of new plastic components at an early stage, ensuring the actual feasibility of the development engineers’ ideas.

“In some cases, we are only given a build volume in the engine compartment and the functions that a component has to fulfill. From this “black box”, we then develop the functional component with all the checks and test criteria that we have available in our test field. Even in this development phase, the very highest engineering performance is required. We have to set the course right at the beginning of our thinking process to be able to produce a fault-free component later in series production,” says Ritzinger.

Heyco components demanding plastic parts automotive industry

Alexander Ritzinger, Head of Tool Management Plastics Technology at Heyco, with a windshield cowl for the BMW X2, developed by Heyco. (Source: Synventive)

Before a component concept goes into the first production phase as a prototype, Heyco carries out extensive tests and simulation runs. For example, quality assurance standards include mould flow, warpage, FEM structure analysis, tool temperature calculations and fibre distribution in the component. Prototypes are fully examined in their functionality in bursting pressure and heat chambers, as well as in complex long-term tests before a series production release is given. Currently, Heyco operates almost 100 injection moulding machines with clamping forces between 40 t and 1,700 t, which are used for one, two and three-component injection moulding.

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UAE businesses sign pledge to reduce plastic pollution – UAE businesses plastic pollution

Ministry of Climate Change and Environment, Indian Embassy co-host event marking World Environment Day

UAE businesses plastic pollution
Dr Thani Bin Ahmad Al Zeyoudi and Navdeep Singh Suri, sign the pledge.Image Credit: Supplied
UAE businesses plastic pollution
Senior executives from leading corporate houses, including LuLu Group, Aster DM Healthcare, Apparel Group andImage Credit: Supplied

UAE businesses plastic pollution

Staff Report

Dubai: A number of leading businesses in the UAE signed a pledge on Tuesday to reduce plastic pollution in their operations in a bid to step up action on plastic.

The pledge was made during a co-hosted landmark event by the Ministry of Climate Change and Environment (MOCCAE) and the Indian Embassy marking World Environment Day 2018 at the ministry’s headquarters in Dubai.

On a global level, this year’s edition of the UN’s annual day of environmental awareness and action is hosted by India under the theme ‘Beat Plastic Pollution’.

High-level officials from leading businesses in the UAE, including LuLu Group International, Aster DM Healthcare, Apparel Group, BRS Ventures and others, attended the event and signed a pledge that they were going to contribute in the reduction of plastic pollution through the adoption of sustainable practices.

Speaking at the event, Dr Thani Ahmad Al Zeyoudi, Minister of Climate Change and Environment, called on all attendees to support and commit to reducing plastic pollution through adopting smarter habits and more efficient practices to make planet earth green again.

“Only that will make this World Environment Day truly meaningful,” he said.

Dr Al Zeyoudi said: “While plastic may be an essential component in many modern industries in the world and has proven economic value in securing our livelihoods, we now realise the dire need to strike a balance between its economic value and protecting the environment against its adverse effects through opting for greener choices when using and disposing of plastic.”

Meanwhile, Navdeep Singh Suri, Indian Ambassador to the UAE, praised the response from the Indian business community and their strong commitment to the cause. “We are delighted to join hands with the Minister of Climate Change and Environment to launch the Beat Plastic Pollution campaign in the UAE,” he said.

On World Environment Day, LuLu Group announced that it has introduced high-quality reusable shopping bags through their hypermarkets to spread awareness about the issue. It also has developed incentive schemes to encourage regular use of the shopping bags, which are lifetime free.

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PepsiCo to launch plant-based packaging – PepsiCo plant based packaging

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PepsiCo to launch plant-based packaging

TNN 

PepsiCo plant based packagingNEW DELHI: Rising concerns around plastic pollution have compelled FMCG companies to rethink their packaging solutions. Food and beverage major PepsiCo, for instance, announced it will launch the first-ever 100% compostable, plant-based packaging for Lay’s and Kurkure snacks products, this year.

“As a responsible leader in the food and beverage industry, our Performance with Purpose 2025 goal is to design all packaging to be recoverable or recyclable, and supports increased recycling of plastic waste,” said Ahmed ElSheikh, president & CEO at PepsiCo India. “India will be among the first countries to pilot this new, sustainable packaging solution developed by PepsiCo.”

Rival Coca-Cola, too, has launched plant-based bottles in some markets. “The origin of this plant-based packaging material lies in India,” a Coca-Cola India spokesperson said.

LATEST COMMENT

go green or get suffered … everyone have to realize this or we are going to suffer a lot in coming years.Anonymous

However, while the PlantBottle — a “fully recyclable PET plastic beverage bottle made partially from plants and which looks and functions just like traditional PET plastic bottle” — accounts for 30% of the company’s packaging volume in North America and 7% globally, it may be a while before it finds its way to Indian shores due to its high manufacturing costs.
Nestle, too, has aimed at 100% reusable and recyclable packaging by 2025. When asked whether the company is working on sustainable packaging for Maggi, a Nestle India spokesperson said, “Nestlé India shares the ambition that no plastic waste should end up discarded in the environment and believes that with the right approach it can be collected or recycled without a detrimental impact. We are committed to finding improved solutions to reduce, re-use and recycle. As a responsible company, we have initiated various projects on waste management by engaging with relevant stakeholders.”

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Crude oil futures complex lower on expectations of more OPEC supply – Crude oil futures OPEC supply

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Crude oil futures complex lower on expectations of more OPEC supply

London (Platts)-

ICE August Brent was lower in US morning trading Tuesday on expectations OPEC oilproducers will soon relax production limits.

At 1326 GMT, ICE August Brent was $1.16 lower at $74.13/b. NYMEX July crude was down 40 cents at $64.35/b. NYMEX July ULSD was 2.77 cents lower at $2.1248/gal. NYMEX July RBOB was 2.31 cents lower at $2.0993/gal.

ICE August Brent touched a low of $73.81/b so far Tuesday, dipping below its Bollinger Band lower limit calculated at $74.3/b, suggesting the front-month contract may have veered into oversold territory.

The last time ICE Brent dipped below the Bollinger Band lower limit was May 8. A rally then lifted Brent to its upper limit until prices fell hard on indications Saudi Arabia and Russia were considering raising supply.

Bloomberg reported Tuesday that US government officials have asked Saudi Arabia and other OPEC producers to increase production by more than 1 million b/d, citing unnamed sources.

“Reports that the US asked Saudi Arabia to increase production are taking blame for the sell-off this morning, one of many story-lines that will be debated as the count-down to the June 22 OPEC meeting continues,” TAC Energy said in a note.

A meeting in Kuwait City over the weekend involving Gulf oil ministers failed to yield any clues on production strategy ahead the June 22 meeting in Vienna.

ICE August Brent was $9.85/b above NYMEX August crude Tuesday morning, in from $10.61/b Monday. The ICE Brent/WTI spread settled Friday at $11.02/b, its widest since February 2015.

The American Petroleum Institute will release its US stocks data later Tuesday. The Energy Information Administration releases its figures Wednesday.

US crude stocks are expected to have fallen 1.3 million barrels for the week ended June 2, according to analysts surveyed Monday by S&P Global Platts.

Analysts also expect gasoline stocks fell by 600,000 barrels, while distillate stocks likely rose by 700,000 barrels, the survey indicated.

“Strong crude demand from higher runs and increased exports will continue to reduce crude inventories in the weeks ahead,” S&P Global Platts Analytics said in a note Tuesday.

“This week’s data should show another crude stock decline, though it will be modest because of a late-month surge in imports,” it said.

–Geoffrey Craig, geoffrey.craig@spglobal.com
–Edited by Jonathan Dart, jonathan.dart@spglobal.com

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