Price ethylene Asia remained stable

The price of ethylene in Asia remained stable on July 16  Price ethylene Asia remained stable 

Price ethylene Asia remained stable MOSCOW- The price of ethylene in Asia on July 16 remained stable, ICIS reports citing market participants.

Thus, the price of ethylene remained unchanged at USD1,390 per tonne, CFR NE Asia (North-East Asia).

The buyers mostly adhered to their price indicators against the backdrop of bad margins, while suppliers were considering price increases against the backdrop of limited regional supplies.

Previously reported , ethylene prices in Asia remained stable July 11 compared with the previous day. So, the price of ethylene on July 11 in Asia was at the level of USD1390 per tonne, CFR Northeast Asia. Price ethylene Asia remained stable  

Ethylene is the main raw material for the production of polyethylene (PE).

According to the Price Review of ICIS-MRC , in Russia last week the buying activity in the PE market was low, but the demand is stable.Price ethylene Asia remained stable  

In some segments of the PE, supply restrictions remain, but as such there is no shortage and no rush in connection with this market.Price ethylene Asia remained stable  

As a result of the week, there was a rise in prices, as well as a slight decrease. The greatest shortage of supply is noted in the segment of the IPA.

There is a deferred demand since June, there is a good demand for this polyethylene in July.Price ethylene Asia remained stable  

Source : mrcplast.ru

Author:                Anna Larionova

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PET polyethylene terephthalate supplies Europe improved

PET supplies in Europe improved   PET polyethylene terephthalate supplies Europe improved  

PET polyethylene terephthalate supplies Europe improved MOSCOW ( MRC ) – Supplies of polyethylene terephthalate (PET) in Europe have improved, but the market balance remains volatile, ICIS reports citing market participants.

Supplies have improved due to the end of force majeure circumstances for some manufacturers.  PET polyethylene terephthalate supplies Europe improved  

So, last week the Indian company JBF Industries withdrew force majeure in the manufacture of polyethylene terephthalate (PET) in Gel (Geel, Belgium), announced due to a shortage of supplies of raw materials to TFK. The company announced a force majeure for the supply of PET from this production facility with two lines with a total capacity of 432 thousand tons per year on May 16.

The prices fell below the maximum reached earlier at the level of EUR1400 per tonne, FD Europe. Asian imports are again seen as a relatively competitive option, especially for supplies in September and October.

“The market balance is still too fragile, with any change in circumstances, prices may rise again,” said one of the traders.  PET polyethylene terephthalate supplies Europe improved  

According to the Price Review of ICIS-MRC , the situation in the Russian injection molded PET market changed sharply in July.   PET polyethylene terephthalate supplies Europe improved  

The downward price trend in the domestic spot market of PET granules this week has intensified against the backdrop of a decline in peak demand for Russian granules.

The material prices of Chinese plants are going down for the fifth week in a row. The upper limit of the spot prices of the Ecopet plant for a lot of 20 tons dropped to 150,000 rubles. per ton, CPT Moscow, including VAT.  PET polyethylene terephthalate supplies Europe improved  

According to unofficial information, the Kaliningrad plant concluded a spot deal for the sale of 700 tons of PET at a price of 133500 rubles. per ton, CPT Moscow, including VAT. The plant still has some free July volumes.

mrcplast.ru

Author:                Anna Larionova

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South Asia PE Polyethylene PP Polypropylene trades stay weak

South Asia PE, PP trades stay weak amid uncertainties    South Asia PE Polyethylene PP Polypropylene trades stay weak 

Source:ICIS News

SINGAPORE (ICIS)–Spot polyolefin trades in south Asia may remain subdued through August amid uncertainties related to India’s plastics ban and to Pakistan’s upcoming elections.

On 13 July, linear low density PE (LLDPE) film prices were at $1,090-1,120/tonne CFR (cost & freight) India, down $10/tonne week on week; and at $1,140-1,180/tonne CFR Pakistan, down $10/tonne at the low end of the previous week’s assessed range, according to ICIS data.

Prices of PP raffia/injection declined $10-20/tonne over the same period to $1,260-1,280/tonne CFR India and $1,280-1,310/tonne CFR India, the data showed.

South Asia PE Polyethylene PP Polypropylene trades stay weak

South Asia PE Polyethylene PP Polypropylene trades stay weak

In India, a weak rupee (Rs) against the US dollar continued to undermine bulk PE and PP imports, especially since domestic supply is sufficient to cover immediate requirements.

Some PE grades, such as low density PE (LDPE) and LLDPE film, remained oversupplied in the country as most local producers run their plants at near-full rates.

Some producers also continued to offer incentives for bulk LLDPE film purchases amid a surplus of local supply, further rendering imports unattractive, an Indian trader said.

India turned into a net PE exporter in the fourth quarter of 2017, following start-ups of major local facilities.

For high density PE (HDPE) film, local supply has remained tight, as producers were maximizing HDPE pipe production at almost all stand-alone facilities, in view of better margins realised in pipes.

Despite the tight supply, spot import prices of the material have been declining since June, weighed down by weakness in the Chinese market.

The Indian rupee’s continued depreciation has been worrying traders, which are currently holding stocks bought in April-June at higher prices.

The ban on 23 June on use of disposable plastics in the Maharashtra state, where Mumbai is located, has further weakened demand for HDPE film. Mumbai is one of the most populous cities in the country.

Maharashtra is the 18th state in the country to announce the ban, with Mumbai now the largest city in India to ban single-use plastics.

HDPE film is widely used in the manufacture of plastic bags.

Market players expect demand for some PP grades to also be affected by the ban.

“PP tubular quenched (TQ) film widely used in packaging, so demand for this has also slowed locally,” an Indian buyer said.

Market players have adopted a cautious stance due to uncertainties over the ban’s coverage.

“We are still awaiting clarity on what are the items covered under the ban. There are items being excluded from the list as well such as packaging at the manufacturer’s end, so we need to wait till we can have full clarity on what exactly is covered by the ban,” an Indian trader said.

In Pakistan, demand for polyolefins has remained largely weak this month ahead of its general elections on 25 July.

The recent sharp depreciation of the Pakistani rupee (PRs), following the central bank’s call to boost the country’s foreign exchange reserves, has rendered imports expensive.

“The market is expected to recover not before late August, by which [time] we can have some clarity on the new government coming into power and its policies,” a Pakistan-based processor said.

Picture: Vallarpadam Terminal, Kochi, Kerala, India (Photographer: Olaf Kruger/imageBROKER/REX/Shutterstock)

By Veena Pathare
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AMPAC Fine Chemicals Acquired SK Holdings

AMPAC Fine Chemicals To Be Acquired By SK Holdings   AMPAC Fine Chemicals Acquired SK Holdings

AMPAC Fine Chemicals

 AMPAC Fine Chemicals Acquired  SK Holdings RANCHO CORDOVA, California, /PRNewswire/ — AMPAC Fine Chemicals (“AFC”), a leading US-based Contract Development and Manufacturing Organization (“CDMO”), today announced its sale to SK Holdings (“SK”), an investment holding company of SK Group (South Korea). This acquisition is the largest M&A transaction announced in the Korean pharmaceutical industry.

Since February 2014, AFC has been owned by H.I.G. Capital (“H.I.G.”), a global private equity firm. Under H.I.G.’s ownership, AFC expanded the manufacturing footprint at Rancho Cordova, CA facility, started AMPAC Analytical, acquired a state-of-the art plant in Petersburg, VA, substantially enhanced its product pipeline, and delivered industry-leading growth every year since acquisition.AMPAC Fine Chemicals Acquired SK Holdings

SK is purchasing AFC due to its unique capabilities, world class facilities, excellent reputation, outstanding people and great growth potential. AFC is SK’s sole CDMO operation in the US and will play a crucial part in SK’s development as a global leader in pharmaceuticals manufacturing.AMPAC Fine Chemicals Acquired SK Holdings

“Pharmaceuticals is one of SK Holdings’ key pillars of growth and the acquisition of AFC is an important step towards becoming a global player in the market,” said Donghyun Jang, President and Chief Executive Officer of SK Holdings. Mr. Jang added, “AFC’s development and manufacturing capabilities and outstanding regulatory track record are an excellent complement to SK.”AMPAC Fine Chemicals Acquired SK Holdings

Aslam Malik, Chief Executive Officer of AFC, added, “We are excited to join SK Holdings. SK and AFC are highly complementary and with SK’s strong presence in Europe and Asia, we will be able to provide our customers a much broader portfolio of offerings including a global supply chain. Together we will achieve SK’s goal of becoming a global, top-tier CDMO.”AMPAC Fine Chemicals Acquired SK Holdings

ABOUT AMPAC FINE CHEMICALS

AFC is a U.S.-based company with demonstrated capabilities in process development, scale-up, and cGMP commercial production of active pharmaceutical ingredients and registered intermediates for pharmaceutical and biotechnology customers.  Its specially engineered facilities and experienced staff allow AFC to safely produce highly energetic compounds at commercial scale. AMPAC Fine Chemicals Acquired SK Holdings

AFC’s other technology platforms include production of highly potent compounds, continuous processes and industrial-scale chromatographic separation using simulated moving bed chromatography.AMPAC Fine Chemicals Acquired SK Holdings

In addition, AMPAC Analytical also provides testing services to the pharmaceutical industry. AFC’s operations are located in Rancho Cordova & El Dorado Hills CALa Porte, TX and Petersburg, VA.  Additional information about us can be obtained by visiting our web site at www.ampacfinechemicals.com.

ABOUT SK HOLDINGS

SK Holdings continues to enhance its portfolio value by executing long-term strategic investments with a number of competitive subsidiaries in various business areas, including energy and chemicals, information and telecommunication, and semiconductors. In addition, SK Holdings is focused on reinforcing its growth foundations through profitable and practical management based on financial stability, while raising its enterprise value by investing in new future growth businesses. For more information, please visit http://www.sk.com/en/index.jsp.

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Bioplastics solve plastic pollution problem plastic crisis

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Earlier date Intertextile Shanghai proves popular

Earlier date of Intertextile Shanghai proves popular   Earlier date Intertextile Shanghai proves popular

This September will see over 4,000 suppliers and more than 70,000 trade buyers gather for Intertextile Shanghai Apparel Fabrics, and the earlier date for the industry’s largest trade event is attracting many of the biggest apparel fabrics and accessories back to the 2018 edition.Earlier date Intertextile Shanghai proves popular

Signed up to return with their Group Pavilions, which will feature these brands’ partner mills, are Birla, DuPont, Hyosung, Invista and Lenzing, while Ecocert / GOTS and Oeko-Tex will also have their own pavilions in the All About Sustainability area.

Earlier date Intertextile Shanghai proves popular

In the Functional Lab area, leading players such as Aquafil, Nilit, Toray and Unifi will feature again, while 3M are confirmed to participate in Accessories Vision. Two international promotion bodies Cotton Council International and The Woolmark Company also return, as do global Chinese players Bros Eastern and Huafu Fashion. Among the many Japanese participants will be Komatsu Seiren and Stylem, while Dormeuil and Malhia Kent from France participate again this year.Earlier date Intertextile Shanghai proves popular

New hall allocation

The unavailability of three halls at the National Exhibition and Convention Center in the latter part of this year has resulted in a reorganisation of the hall allocation, with the two International Halls being 4.1 and 5.1 this edition, and domestic exhibitors grouped by product end-use throughout eight halls.Earlier date Intertextile Shanghai proves popular

Hall 4.1 will include country and region pavilions of India (Texprocil and Indian Chamber of Commerce Pavilions), Pakistan and Taiwan, group pavilions of Birla, DuPont, Hyosung, Invista and Lenzing, and feature zones will be Digital Printing Zone and Functional Lab.

Hall 5.1 will feature France, Germany, Hong Kong, Japan, Korea, Taiwan, Thailand and Turkey pavilions, as well as the Milano Unica Pavilion, in addition to pavilions of Ecocert / GOTS, Korea Textile Center, Korea Textile Trade Association and Oeko-Tex. Feature zones will include All About Sustainability, Premium Wool Zone, SalonEurope and Verve for Design.Earlier date Intertextile Shanghai proves popular

One-off change

This same unavailability of the halls has also necessitated a change for Yarn Expo for its 2018 Autumn Edition. Originally scheduled to take place concurrently with Intertextile Shanghai, it will now be held from 15-17 October, also at the National Exhibition and Convention Center, and will coincide with the biennial ITM Asia + CITME textile machinery fair.Earlier date Intertextile Shanghai proves popular

This one-off change is only for 2018, with Yarn Expo and Intertextile Shanghai Apparel Fabrics to be held concurrently again for both the Spring and Autumn Editions next year.

On display

As a sourcing platform in the industry, the fair’s product groups include cotton, wool, man-made, silk, linen / ramie, denim and knitted fabrics, as well as lace and embroidery, fibres and yarns, garment and fashion accessories, original pattern designs, sustainability products and services and digital printing technologies. Application areas for these products include ladieswear, menswear, suiting, shirting, casual wear, functional wear / sportswear, denimwear, lingerie and swimwear, children’s wear and more.

Intertextile Shanghai Apparel Fabrics will still run concurrently with the CHIC and PH Value fairs this edition, which take place in halls 2 and 3.Earlier date Intertextile Shanghai proves popular

www.intertextileapparel.com

Source : Knitting Industry

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Toray Plastics America three new films Pack Expo Intl. 2018

Toray Plastics (America), Inc. to showcase three new films at Pack Expo Intl. 2018    Toray Plastics America three new films Pack Expo Intl. 2018

by: PlasticsToday Staff
Packaging
Extrusion: Film & Sheet, Materials

Toray Plastics America three new films Pack Expo Intl. 2018It’s a three-family affair for Toray Plastics (America), Inc. (North Kingstown, RI) at Pack Expo Intl. 2018, October 14-17, at McCormick Place in Chicago, booth 6275.

The global provider of clear, metallized, white, and bio-based thin film barrier technology will feature advancements in three families of packaging films—Torayfan clear barrier BOPP, Torayfan white BOPP, and Lumirror high barrier PET.

These portfolios are manufactured with Toray’s proprietary technology and provide brands and converters with creative solutions that deliver solid performance with a lower total cost.Toray Plastics America three new films Pack Expo Intl. 2018

Desirable film features include thin and ultra-thin offerings, transparent high-barrier, metallized to replace foil, a white pigmented appearance, bio-based materials, integrated sealant technology with improved hermeticity and seal strength, easy-open packaging and lidding, “premium-feel” outer webs, and solutions for digital printing and e-commerce applications. Additional product announcements will be made at the show.

“Sophisticated consumer preferences are driving packaging design decisions,” says Tammy Williamson, Associate Product Manager, Torayfan Division. “People’s desire for fresh and ‘clean’ foods, product visibility, sturdy, ‘on-the-go’ packaging, portion-control, and e-commerce convenience, along with their expectation that a company demonstrate a verifiable commitment to sustainability is clear. Toray has a legacy as a leader in film technology innovation, including bio-based films, and sustainable business practices, and we are very excited to share our knowledge with Pack Expo attendees this fall.”

PLASTEC Minneapolis 2018 held June 12-14 October 31-November 1 is part of the Midwest’s largest advanced design and manufacturing event that also includes MinnPack brings you the latest in materials and additives, injection molding, rapid prototyping, coatings, automation, packaging and more. For details, visit PLASTEC Minneapolis.Toray Plastics America three new films Pack Expo Intl. 2018

The Electric & Hybrid Vehicle Technology Expo is part of North America’s largest industry event, bringing a comprehensive showcase of electric & hybrid manufacturing, advanced battery, and critical power technologies onto one show floor.

• Torayfan CB3 portfolio, a new generation of transparent high-barrier biaxially oriented polypropylene films. CB3 films are available in 70 and 80 gauge versions in sealable and non-sealable versions. These new films are polyvinlyidene chloride-free and offer superior barrier-durability protection for nuts, seeds, snacks, cookies, dried fruit, and confections.

• New Torayfan white pigmented BOPP films for snack food packaging are metallized on one side in sealable and non-sealable versions and are available in a variety of barrier levels and heat-seal strengths. Toray’s white films combine the pigment, sealant, and barrier in one web, enabling the manufacture of a standard two-ply lamination.

• Toray’s new Lumirror high-barrier PET films designed to provide extended shelf life. New MK6HB metallized film offers outstanding oxygen and moisture-barrier protection, and PA1HB is a clear-barrier film that delivers outstanding oxygen barrier. Both offer superior aroma protection.Toray Plastics America three new films Pack Expo Intl. 2018

• New Over the Mountain high-barrier BOPP films. These OTM films are designed with integrated sealant technology, improved hermeticity (air tightness), and the seal-strength to withstand the air pressure changes that occur when products are transported in changing altitudes, which can cause a package to burst. They’re also robust enough to eliminate the need for a separate sealant film and allow a switch from a complex three-ply lamination to a two-ply structure. Converters value not needing the separate sealant web and the extra lamination step. OTM films are ideally suited for the regional manufacturer that wants national distribution and for e-commerce applications.

For more information about Toray films to be featured at Pack Expo Intl. 2018, contact Mary.Osso@Toraytpa.com or call 401-667-2281.

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