Shell raised October MEG prices in the US Shell October monoethylene glycol MEG prices USA
MOSCOW – Shell Chemicals, one of the world’s largest oil and gas companies, announced an increase in the contract price of monoethylene glycol (MEG) for supplies to the US market at 1 cent per pound or USD22 per tonne in October, ICIS reported, citing a letter to their customers. Shell October monoethylene glycol MEG prices USA
Thus, the price increase came into force on October 1 and is consistent with the terms of current contracts.
Meanwhile, the company did not mention in its letter about the reason for the rise in MEG prices.Shell October monoethylene glycol MEG prices USA
Earlier, it was noted that Shell had last raised MEG prices in the region since May 1 of the current year by 4 cents per pound (USD88 per ton).
The main manufacturers of MEG in the USA are Eastman Chemical, Huntsman, Indorama Ventures, LyondellBasell, Nan Ya Plastics, Shell Chemical and MEGlobal.
MEG is one of the main raw materials for the production of polyethylene terephthalate (PET).Shell October monoethylene glycol MEG prices USA
According to the ICIS-MRC Price Review , in October, the downward trend in demand in the Russian PET market is expected to continue.
The cost of material for contract customers will increase this month by about 3 thousand rubles. per ton. A rise in spot prices is not expected.
According to one of the manufacturers, the market is gradually moving into a phase of excess of supply over demand for material.
Royal Dutch Shell is an Anglo-Dutch oil and gas company headquartered in The Hague (Netherlands). Shell conducts geological exploration and production of oil and gas in more than 80 countries around the world.Shell October monoethylene glycol MEG prices USA
The company fully or partially owns more than 30 refineries. In addition, Shell owns a significant number of chemical enterprises, as well as the production of solar panels and other alternative energy sources.
The October contract price of styrene fell in Europe by EUR70 per tonOctober contract price styrene Europe
MOSCOW – The contract price of styrene monomer in Europe was agreed at the level of EUR1 310 per ton for October deliveries, which is EUR70 per ton lower compared to the level of the previous month, ICIS reported on Monday citing confirmation from two sellers and two buyers in the market. October contract price styrene Europe
The contract price was negotiated on delivery terms free on board (FOB) Amsterdam-Rotterdam-Antwerp (ARA). October contract price styrene Europe
Earlier it was reported that the September contract price of styrene monomer in Europe was agreed at the level of EUR1 380 per ton, which is EUR65 per ton higher than the level of August. October contract price styrene Europe
Styrene is the main raw material component for the production of polystyrene (PS).
According to the ICIS-MRC Price Review , the Nizhnekamskneftekhim plant on the Russian market last week informed buyers about an increase in PS sales prices this month.
It is expected that general purpose polystyrene (PSS / M) will cost 3 thousand rubles. per ton, and impact-resistant material (UPS / M) – 4 thousand rubles. per ton.
The decision to increase the cost of the Nizhnekamsk material in October was unexpected for most market participants.
The cost of the PS produced by Gazprom Neftekhim Salavat (STS) did not change last week. Salavat PSS / M was offered for 109,000-112,000 rubles. per ton, CPT Moscow, including VAT, and UPS / M – at 113 000-115 000 rubles. per ton, CPT Moscow, including VAT.
The producer Penoplex in October raises the selling prices of PSS / M to the level of 116,000-119,000 rubles. per tonne, FCA plant, excluding VAT.
Shell Chemicals, one of the world’s largest oil and gas companies, announced an increase in the contract price of monoethylene glycol (MEG) for supplies to the US market at 1 cent per pound or USD22 per tonne in October, ICIS reported, citing a letter to their customers
German carmaker BMW (BMWG.DE) sees a 50:50 chance of Britain leaving the European Union without a trade agreement, which would force it to shift more production of Mini vehicles to the Netherlands, Chief Executive Harald Krueger said on Tuesday.
Members of the board of Management of BMW AG Harald Krueger, Pieter Nota and Andreas Wendt pose for a photograph during the first press day of the Paris auto show, in Paris, France, October 2, 2018. REUTERS/Benoit Tessier
“I told (UK Prime Minister Theresa May and the European Union that if there is a hard Brexit, both sides are losers. We will no longer fulfil trade agreements and then we are forced to build the car in the Netherlands,” Krueger told journalists at the Paris Motor Show.
Depolymerization technology developed by Loop Industries aims to repurpose scrap PET of all types.
Like so many technology start-ups, it began with a vision and in a garage. Three years later, Loop Industries’ vision of turning post-consumer PET into virgin-quality material as a result of technology developed in that garage has become reality. The firm’s proprietary “upcycling” process breaks waste PET down to its chemical building blocks, separating out any impurities such as dyes, additives, and foodstuffs. These building blocks are then combined to create virgin-quality PET that can be used in food-grade plastic packaging.
Daniel Solomita, founder and CEO of Loop, was working on a landfill reclamation project in South Carolina, recovering tens of thousands of tons of waste plastic that had been abandoned years before. While taking steps to market the recovered material for recycling, he met a chemist in Quebec who was in the early stages of developing a chemical technology to upcycle waste plastic into virgin-quality PET.
Goals include facilitating consistent data collection across multiple programs
In an effort to facilitate greater consistency in plastic sorting, the Association of Plastic Recyclers recently announced the development of The APR Plastic Sorting Best Management Practices Guide to standardize how data is collected in studies that seek to identify the composition of plastics in the waste and recycling stream. The goal of the guide is part of an overall effort by APR, the leading international trade organization representing the plastics recycling industry, to optimize plastics recycling across North America and beyond.
Developed in conjunction with the American Chemistry Council and More Recycling, the tool was unveiled during an APR Web Seminar last week.
Milacron, one of the world’s most recognisable plastics processing giants, has announced a number of injection moulding firsts to be on show at its historically gargantuan stand at Fakuma 2018 in Friedrichshafen.
In addition to its M-Powered suite of connected services, aftermarket service and support, and DME technologies, the company will be presenting its injection moulding machines, Mold-Masters hot runner technology and control systems, and TIRAD high-precision mould bases.
The contract price of ethylene in Europe for October deliveries was agreed at EUR1,145 per ton, which is EUR10 per ton higher than the level of September, participants in the contract market told ICIS on Friday.
The contract price was approved on the terms of delivery FD NWE (with delivery to North-West Europe).
New product for passive fire protection between floors in multifamily projects
Johns Manville, a Berkshire Hathaway company and leading building products manufacturer, announced today the launch of JM Formaldehyde-free™ Cavity-SHIELD™, a NFPA 13 compliant1, fiberglass batt insulation for use in the concealed spaces of multifamily buildings. Cavity-SHIELD provides an alternative solution to sprinklers in the interstitial space and further increases the breadth of JM’s full line of insulation products. Cavity-SHIELD fiberglass batts are a noncombustible insulation product made up of long, resilient glass fibers bonded with thermosetting resin. The batts are designed for use in concealed spaces between floors, serving as a passive fire solution for limiting potential flame spread between and through floors.
Already in May 2018, the Austrian Starlinger Group announced the successful acquisition of the Chemnitz-based business unit Barmag Spinnzwirn from Oerlikon. With the closing (final transfer of ownership) effected on October 1, Oerlikon Barmag Spinnzwirn now turns into the independent company STC Spinnzwirn GmbH (Starlinger Textile machinery Chemnitz).
“With STC Spinnzwirn, we welcome a new member to our group of companies that ideally complements our portfolio. This means that we can offer our worldwide customers even more individual solutions from a single source,” says Starlinger Managing Partner Angelika Huemer. “With this strategic step, we strengthen our position as world market leader in plastic fabrics and expand it with related product areas.”
SHANGHAI, China -“From Melt to Yarn, Fibers and Nonwovens – Bring it to Life” – is the motto under which the Oerlikon Manmade Fibers Segment will transform itself into a digital machinery and plant manufacturing company showcasing its power as one of the innovation leaders for the production of chemical fibers. ITMA ASIA + CITME 2018, taking place in Shanghai from October 15th to 19th, is the world’s biggest textile machinery exhibition this year and with over 750 square meter exhibition space will be a virtual show for trendsetting digital products and services “From Melt to Yarn, Fibers and Nonwovens”. En route to the digital yarn factory, technologies such as artificial intelligence, machine learning or innovative HMI (Human Machine Interface) solutions promise the bridging between material and data flow – for customer value. These topics are also the central point of the “Oerlikon Innovation Forum” at which presentations in English and Chinese will be held several times a day for visitors of the exhibition booth.
The new Chroma Color Corp. unites the production and technical expertise of four different firms to better serve the needs of a consolidating processor market.
A lot has changed since Plastics Technology toured the Salisbury, N.C., plant of Carolina Color in mid-August. Since our visit, Carolina Color and three sister color companies—all owned by New York-based private-equity firm Arsenal Capital Partners—combined into one business entity called Chroma Color Corp., based in McHenry, Ill. The new Chroma Color is a $150 million+ color-concentrate force comprised of Chroma, Carolina, Breen Color and Hudson Color.
Eastman is launching at Luxe Pack Monaco (October 01-03, 2018), a new cellulose-based plastic designed as an eco-friendly alternative to ABS. This new polymer served as a basis for the development of an eco-designed powder compact in partnership with Groupe Rocher.
Trēva is a new BPA-free plastic containing 45% of cellulose-based plastic sourced from sustainably managed North American forests. Furthermore, because of its aesthetic, mechanical and chemical qualities it is an alternative that performs as well as acrylonitrile butadiene styrene (ABS).
Study finds 23.4 per cent of containers picked up in clean-up operations this summer belonged to Coca-Cola brands, followed closely by Vita at 21 per cent
The Green Earth organised 14 beach cleaning campaigns across the city this summer and found 328 of the 1,404 bottles it collected belonged to Coca-Cola brands.
At 23.4 per cent, the share was the highest of all producers.
“We do beach cleaning every year and the amount of ocean waste keeps growing,” said Hahn Chu Hon-keung, the group’s director of environmental advocacy. “People dropping the bottles are of course lacking in civic virtue, but do producers have a responsibility?”
Berlin, 27 September 2018. As part of its 2018 initiative to cut down on the use of single-use items where feasible, or to substitute them with more sustainable alternatives, the Parliament of the United Kingdom has rolled out a new range of bio-based, certified compostable catering items, such as coffee cups, soup containers and salad boxes in the House of Commons and the House of Lords.
New waste bins will be installed to capture used compostable items. The waste will be sent to an organic recycling facility, which will create high quality compost from it.
Improved supply/demand balance in key feedstocks and resins is steering prices flat to lower, but not for nylons.
Heading into the fourth quarter, a combination of lower prices for some key feedstocks and improvements in both feedstock and resin availability heralded a flat-to-lower pricing trend for PE, PP, PS, PVC, PET, ABS and PC. In contrast, tight feedstock and resin availability has been pushing prices upward for nylons 6 and 66.
Those were the views last month of purchasing consultants from Resin Technology, Inc. (RTi), Fort Worth, Texas; CEO Michael Greenberg of the Plastics Exchange in Chicago; and Houston-based PetroChemWire (PCW).
The contract price of styrene monomer in Europe was agreed at the level of EUR1 310 per ton for October deliveries, which is EUR70 per ton lower compared to the level of the previous month, ICIS reported on Monday citing confirmation from two sellers and two buyers in the market.
October ethylene contract price in Europe increased by EUR10 per tonneOctober contract ethylene price Europe
MOSCOW – The contract price of ethylene in Europe for October deliveries was agreed at EUR1,145 per ton, which is EUR10 per ton higher than the level of September, participants in the contract market told ICIS on Friday. October contract ethylene price Europe
The contract price was approved on the terms of delivery FD NWE (with delivery to North-West Europe).October contract ethylene price Europe
This contract price was directly confirmed by two manufacturers and two buyers of the material, which is the minimum necessary configuration for the approval of the contract price of propylene. Confirmation from another manufacturer is pending.
Higher prices for naphtha in September were offset by lower than expected demand, which led to discounts on spot volumes, despite the increase in contract prices.
Earlier it was reported that the contract price of ethylene in Europe for September deliveries was agreed at the level of EUR1 135 per ton, remaining unchanged at the level of August.October contract ethylene price Europe
Ethylene is the main raw material for the production of polyethylene (PE).
According to Scan Report Company Market Report, in Russia for the first eight months of the year, the estimated consumption of PE was 1,305.45 thousand tons, which is 8% more than a year earlier. Deliveries on all types of polyethylene increased.