- China – Polyethylene Terephthalate
- PET and its chain are assessed mixed.
- Crude oil is always in good health.
- Polyamide 6 and its chain are steady.
PET Bottle grade export 1,060/1,110 $/ton – PET Bottle grade domestic market 8,500/8,700 yuan/ton – PET Filament grade SD domestic market 7,750/7,900 yuan/ton – PET Filament grade BR domestic market 7,850/7,950 yuan/ton
- PTA Taiwan 850/860 $/ton – PTA domestic market 6,600/6,700 yuan/ton – MEG 585/595 $/ton – MEG domestic market 4,550/4,700 yuan/ton – PX Korea 1,020/1,030 $/ton
- Polyester POY 150D/48F domestic market 9,100/9,200 yuan/ton – Polyester DTY 150D/48F domestic market 10,550/10,700 yuan/ton – Polyester Staple PSF domestic market 8,900/9,000 yuan/ton
Crude Oil Prices Trend
A North American post-consumer plastics reclaimer is expanding to process additional curbside-grade film, a move the company attributes to rising demand among end users.
Enviroplast, a Canadian reclaimer with facilities in Quebec and Ontario, recently installed a new wash line in one plant and is gearing up for significant expansion in the other. The company’s processing growth has been driven by increased end-user demand, alongside improving output quality from the company’s post-consumer film suppliers.
Mathieu Séguin, Enviroplast CEO, said processors must make significant equipment improvements to meet that incoming demand.
South Korea’s imports of Iranian crude last month reached 1.2 million tons, or 8.8 million barrels which was a 23-percent increase on February and a fivefold increase in January, when Korean refiners resumed their purchases of Iranian crude.
Reuters reports the daily intake rate for March was a bit above 280,000 barrels, which on an annual basis represents a 12-percent decline.
This is understandable as this time last year the U.S. and not yet reinstated sanctions against Tehran and everyone was buying its oil without concern.
Belarus President Aleksandr Lukashenko has left for Turkey where he will be on an official visit.
The airplane of the head of state took off from the National Airport Minsk, BelTA has learned. On 16 April the head of state will hold talks with Turkish President Recep Tayyip Erdogan.
There will be a narrow-participation meeting as well as an extended meeting with members of the delegations in attendance. According to the press service of the Belarusian leader, the parties will discuss po
litics, trade and economic relations and new mutually beneficial projects. Top on the agenda will be investment cooperation and ways to balance out bilateral trade.
Bangkok-based tycoons Aloke and Suchitra Lohia speak to Ruth Shapiro about the launch of their philanthropic IVL Foundation
Aloke and Suchitra Lohia’s business acumen has made headlines around the world. With his father and brother, Indian-born, Bangkok-based Aloke has transformed Indorama Ventures, also known as IVL, from a modest family business into a multibillion-dollar international corporation which today is one of the world’s largest manufacturers of wool yarn and polyester.
But what is less documented is how, while building their business, the family made it their mission to give back to the community.
Soon after the launch of IVL’s philanthropic arm, the IVL Foundation, Aloke and Suchitra spoke to Ruth Shapiro, founder and chief executive of the Centre for Asian Philanthropy and Society, about the causes they’re currently supporting and how they’re helping to build a brighter future.
Việt Nam’s exports to Japan increased sharply in the first quarter of this year, including garment products. — Photo vneconomy.vn
HÀ NỘI — Elimination of many tariff lines for goods under the CPTPP has helped Việt Nam’s exports to Japan increase sharply in the first quarter of this year, according to the General Department of Customs.
Việt Nam’s export value to Japan in the first quarter surged 6.7 per cent year on year to US$4.6 billion, the general department said. Việt Nam became one of three markets gaining an export value in the billions of US dollars to Japan, after the US and China.
Rolfes Pigments, a division of JSE listed, Rolfes Holdings, says it is expanding into key fast-growing African economies as part the company’s overall growth strategy and evolving business model.
As market leaders in the supply of pigments into the paint, printing ink, plastics, and construction industries, Rolfes Pigments distributes a wide range of organic and inorganic pigments and manufactures in-plant and point of sale dispersions.
Coca-Cola Amatil (CCA) has pledged to double the amount of recycled plastic it sources for inclusion in plastic bottle production, after green campaigners criticised parent firm The Coca-Cola Company for its continued use of high quantities of virgin plastics.
The commitment will see CCA, which is the largest soft drinks bottler in Australia, incorporate more than 10,000 tonnes of pre and post-consumer recycled (PCR) plastics in its range of bottles annually by 2020.
This move will enable the company to produce all bottles with a capacity of 600ml or less using 100% recycled plastic, while also doubling the proportion of recycled content in all other bottle ranges. Selected lines in the firm’s 600ml and under range, which includes on-the-go bottles for the likes of Sprite, Fanta, Coca-Cola and Mount Franklin, will be launched in 100% recycled bottles by the end of 2019.
Meera Industries will exhibit its range of innovative twisting Machines for carpet yarns, ropes, twines and thread at the upcoming ITMA 2019 trade fair in Barcelona, which takes place from 20-26 June. The manufacturer will focus on energy optimisation, high productivity and ease of use.
One of the highlights at the exhibition will be Carpet Cabler/Carpet Twister, a heavy-duty direct cabling/twisting machine with sturdy structure, designed to produce premium quality yarns for carpet at most economical cost.
Having a denier range of 1200-12000, this twister/cabler is suitable for all types of BCF (Bulk Continuous Filament) and textured yarns like PP, polyester and nylon.
Tight polyethylene (PE) supply for some grades in Europe is leading to stronger pressure on buyers for April pricing.
Last week, Dow stopped all new orders for April, adding a supplement of €70/tonne, compared to March business.
Other sellers are still talking of plus €50/tonne for end-month retroactive business.
Buyers’ early expectations for April settlements were at €30/tonne increase.
In some cases, this is still the case, but low density polyethylene (LDPE) and linear low density polyethylene (LLDPE) have been but tightening due to some production issues and fewer imports, leading to stronger targets from some producers.
Michael Stephen of the says Europe and the US should follow the lead of countries that have embraced oxo-biodegradation
Your article (Plastic plague: tiny particles can reach anywhere on the planet, say scientists, 16 April) says that “about 335m tonnes of plastic is produced each year, and while it degrades extremely slowly it can be broken into smaller and smaller pieces”. It adds that these pieces are now being blown around the world by the wind.
Perhaps one day there will be no plastic, but until then a way must be found to make it become biodegradable much more quickly, so that it can be recycled back into nature by naturally occurring bacteria and fungi.