April contract price MEG Europe

April contract price of MEG in Europe remained at the level of March

April contract price MEG Europe

MOSCOW- The contract price of monoethylene glycol (MEG) for April in Europe was finally agreed at the level of EUR775 per tonne, which corresponds to the level of the previous month, ICIS reported.

The contract price of the MEG for February shipments was agreed on the terms of delivery FD NWE (with delivery to North-Western Europe).

Thus, on April 25, the contract price for the material was agreed between one buyer and one seller on the European market, along with the negotiation of the March contract price of IEG, and then on April 26, a second agreement was reached by the second buyer and the second seller.April contract price MEG Europe

Thus, the necessary configuration was reached to approve the contract price: confirmation was received from two producers / sellers and two consumers / buyers.

Negotiations on the contract price of MEG both in March and April were very long due to rising production costs, which contrasted with the availability of the material on the market and against downward pressure from the spot market.

Earlier it was noted that at the end of last week the March contract price of MEG in the European market was agreed at EUR15 per tonne higher than February, while the February contract price of MEG in Europe was set at EUR760 per tonne, which is EUR30 per tonne lower than January this year.

MEG along with terephthalic acid (TFA) is one of the main components for the production of polyethylene terephthalate (PET).

According to the ICIS-MRC price review , during April there were no dramatic changes in the Russian PET market. Before the beginning of the season of peak demand for granules and preforms, the market situation is calm. Asian quotes for raw materials and PET declined last week, which has a downward pressure on the cost of Russian material in the near future.

mrcplast.ru

Author:                Margarita Volkova

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Uflex Group biodegradable film

Uflex Group has begun construction of a biodegradable film plant in the Moscow region

Uflex Group biodegradable film

On 10 February, in the Moscow Region, in the Special Economic Zone (SEZ) “Stupino Square” began construction of a plant owned by the Indian company Uflex Group, reports the press service of the SEZ.

The Russian plant Uflex Group received in the SEZ an area of ​​100 thousand sq. M. t (10 hectares) and plans to produce a biodegradable film that meets all modern environmental requirements, the press service of the SEZ. The opening of the plant is scheduled for 2020. By this time, about 150 jobs will be created at the plant, and investments in the project will amount to more than USD75 million.

In the Moscow region in (SEZ) “Stupino Kvadrat” plant Uflex Group (managing director of the Uflex Group Ashok Chaturvedi with his wife) was founded Photo: (SEZ) “Stupino Kvadrat”.Uflex Group biodegradable film

The Uflex Group managing director Ashok Chaturvedi and his wife and a delegation from India arrived in Moscow to lay the stone and the ritual of opening to Moscow. According to the Russian tradition, the dear guests were greeted with bread and salt and solemnly held to the site of the future plant construction for carrying out the Puja ritual according to the Indian tradition.

Chairman of the Board and Managing Director of the Uflex Group, Ashok Chatuverdi, at the event, said that this is “an example of when the authorities and private investors, working hand in hand, created a real oasis for domestic and foreign manufacturers.” “We decided to purchase the site immediately after the first conversation. The main thing is a well-coordinated team and amazing service – they made the company, helped with the preparation of a business plan, with a work permit, provided a workplace in coworking. We can say we are happy!” Junaid Khan, CEO of the Uflex Group.

 

Ekaterina Evdokimova, managing partner of the Stupino Kvadrat SEZ, thanked the Moscow Region and personally Governor Vorobyov Andrei Yuryevich, as well as the Minister of Investment and Innovations of the Moscow Region Khromov Vadim Valerianovich for their assistance in the project.

The construction of the enterprise is of high importance not only for the Moscow region, but also for the region as a whole. Having production in the SEZ, the resident gets the opportunity to significantly save on taxes, create his own customs control zone and import equipment and raw materials free of duties and VAT.

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Polymers Polyamide Petrochemical Prices

Polymers Polyamide Petrochemical Prices

Polyestertime

ITEM22/04/201929/04/2019+/-
Bottle grade PET chips domestic market8,450 yuan/ton8,250 yuan/ton-200
Bottle grade PET chips export market1,095 $/ton1,070 $/ton-25
Filament grade Semidull chips domestic market7,725 yuan/ton7,575 yuan/ton-150
Filament grade Bright chips domestic market7,875 yuan/ton7,675 yuan/ton-200
Pure Terephthalic Acid PTA domestic market6,520 yuan/ton6,575 yuan/ton+55
Pure Terephthalic Acid PTA export market850 $/ton845 $/ton-5
Monoethyleneglycol MEG domestic market4,660 yuan/ton4,550 yuan/ton-110
Monoethyleneglycol MEG export market598 $/ton575 $/ton-23
Paraxylene PX FOB  Taiwan market966 $/ton951 $/ton-15
Paraxylene PX FOB  Korea market947 $/ton932 $/ton-15
Paraxylene PX FOB EU market840 $/ton840 $/ton-70
Polyester filament POY 150D/48F domestic market8,850 yuan/ton8,425 yuan/ton
-425
Recycled Polyester filament POY  domestic market8,450 yuan/ton8,150 yuan/ton-300
Polyester filament DTY 150D/48 F domestic market10,350 yuan/ton10,050 yuan/ton-300
Polyester filament FDY 68D24F domestic market 10,350 yuan/ton9,500 yuan/ton-850
Polyester filament FDY 150D/96F domestic market9,400 yuan/ton8,950 yuan/ton-450
Polyester staple fiber 1.4D 38mm domestic market8,870 yuan/ton8,680 yuan/ton-190
Caprolactam CPL domestic market14,380 yuan/ton14,400 yuan/ton
+20
Caprolactam CPL overseas  market1,720 $/ton1,720 $/ton
Nylon6 chips overseas  market2,090 $/ton2,090 $/ton
Nylon6 chips conventional spinning domestic  market15,050 yuan/ton14,800 yuan/ton-250
Nylon6 chips  high speed spinning domestic  market15,500 yuan/ton15,400 yuan/ton-100
Nylon 6.6 chips domestic  market29,100 yuan/ton28,500 yuan/ton-600
Nylon6 Filament POY 86D/24F domestic  market18,200 yuan/ton18,000 yuan/ton-200
Nylon6 Filament DTY 70D/24F domestic  market21,000 yuan/ton21,000 yuan/ton-200
Nylon6 Filament FDY  70D/24F  domestic  market19,300 yuan/ton19,000 yuan/ton-300
Spandex 20D  domestic  market39,500 yuan/ton39,000 yuan/ton-500
Spandex 30D  domestic  market38,500  yuan/ton38,000  yuan/ton-500
Spandex 40D  domestic  market32,800  yuan/ton32,500  yuan/ton-300
Adipic Acid domestic market8,050 yuan/ton8,000 yuan/ton-50
Benzene domestic market4,480 yuan/ton4,400 yuan/ton-80
Benzene overseas  market636 $/ton631 $/ton -5
Ethylene South East market915 $/ton890 $/ton-10
Ethylene NWE  market1,085 $/ton1,078 $/ton-7
Acrylonitrile ACN  domestic market14,300 yuan/ton14,600 yuan/ton+300
Acrylonitrile ACN  overseas market1,800 $/ton1,850 $/ton+50
Acrylic staple fiber ASF  domestic market16,900 yuan/ton16,900 yuan/ton
Viscose Staple Fiber VSF  domestic market12,400 yuan/ton12,300 yuan/ton-100
PP Powder domestic market8,780 yuan/ton8,650 yuan/ton-130
Naphtha overseas market  584 $/ton608 $/ton+24
Phenol domestic market 7,813 yuan/ton7,813 yuan/ton
PS Taiwan 5250 GPPS1,320 $/ton1,309 $/ton-11
PS Taiwan 8250 HIPS1,375 $/ton1,375 $/ton
LDPE CFR Far East 1,042 $/ton1,042 $/ton
LLDPE CFR Far East1,0021,022 $/ton1,022 $/ton
LDPE   FOB Middle East1,01,027 $/ton1,027 $/ton
LLDPE FOB Middle East1,007 $/ton1,007 $/ton
HDPE CFR Far East1,067 $/ton1,052 $/ton-15
LDPE FD Northwest Europe 1,093 €/ton1,093 €/ton
LLDPE FD Northwest Europe 1,063 €/ton1,063 €/ton
Homopolymer PP CFR Far East1,120 $/ton1,118 $/ton-2
Homopolymer PP FD NWE1,201 €/ton1,201 €/ton
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Polymers Petrochemicals Circular Economy 29-04-2019

Polymers Polyamide Petrochemical Prices

Polymers Petrochemicals Circular Economy

Crude Oil Prices Trend

-April contract price of MEG in Europe remained at the level of March

The contract price of monoethylene glycol (MEG) for April in Europe was finally agreed at the level of EUR775 per tonne, which corresponds to the level of the previous month, ICIS reported.

The contract price of the MEG for February shipments was agreed on the terms of delivery FD NWE (with delivery to North-Western Europe).

-Uflex Group has begun construction of a biodegradable film plant in the Moscow region

On 10 February, in the Moscow Region, in the Special Economic Zone (SEZ) “Stupino Square” began construction of a plant owned by the Indian company Uflex Group, reports the press service of the SEZ.

The Russian plant Uflex Group received in the SEZ an area of ​​100 thousand sq. M. t (10 hectares) and plans to produce a biodegradable film that meets all modern environmental requirements, the press service of the SEZ. The opening of the plant is scheduled for 2020. By this time, about 150 jobs will be created at the plant, and investments in the project will amount to more than USD75 million.

-Karl Mayer to display latest textile solutions at ITMA

Karl Mayer, Germany’s leading textile machinery company, will be presenting state-of-the art technology and best-of-textile solutions for warp knitting, warp preparation, and technical textiles at ITMA 2019, in stand 8.0/B107. ITMA, the leading international textiles and garment technology exhibition will be held from June 20-26, 2019, in Barcelona, Spain.

The visitors can expect a display of highly efficient, complete solutions for production, which will give them the edge over their competitors in the long term. The show includes flexible, trendsetting machines with excellent cost:benefit ratios for use in warp knitting, innovations in warp sampling, and direct warping for the warp preparation sector, a completely new machine for composite materials, and new products of the software trendsetter of the industry, KM.ON.

-US Eastman hopes trade dispute with China will settle in Q2

Eastman is hoping that the US-China trade dispute will be settled at some point in the second quarter, thus removing uncertainties over the outlook for the Chinese economy, executives of the US-headquartered specialty chemicals producer said on Friday.

Containers at the port of Qingdao, China. Source: Sipa Asia/REX/Shutterstock

The trade issues affected Eastman in the first quarter, in particular its advanced materials, fibres, and additives & functional products segments, CEO Mark Costa and CFO Curt Espeland told analysts during the company’s Q1 earnings call.

-Exal Study: Most Will Pay More for Eco-Friendly Packaging

A study conducted by Exal Corp. and Boston Consulting Group shows that a majority of Americans are willing to pay more for beverages with eco-friendly packaging.

According to the report, 55% of survey participants said they are willing to pay least 5% more for beverages contained in green packaging, while 47% were willing to pay that much more for personal care products that come in environmentally friendly packaging.

-Russian ban on Ukrainian imports to affect enterprises

Russia’s new restrictions on Ukrainian light industry imports would affect the export volume of these goods, operation of enterprises and jobs as despite export of light industry products to Russia falling by 26 per cent last year compared to 2017, it totaled $73.6 million, which was 6 per cent of the total such exports of the country, according to Ukrlegprom.

In 2018, the key groups of goods exported to Russia were knitted clothing (20.9 per cent), shoes (20.5 per cent), cotton wool and non-woven materials (17.8 per cent), synthetic and artificial fabrics (11.6 per cent), household textiles (11.4 per cent), carpets (3.3 per cent) and textile clothing (2.7 per cent), Ukrlegprom, the Ukrainian Association of enterprises of textile and leather industry, said on its website.

-Feiplastic ’19: Tricon unveils new sustainability initiative

Tricon Energy has unveiled a new sustainability initiative called Eco-Tricon, said Pierre Baron, CEO of Tricon Do Brazil, on the sidelines of this year’s Feiplastic.

The new initiative is part of the company’s corporate social responsibility and will make several additions to the company’s operations in Brazil.

These will include monthly lectures about segregation, recycling, water pollution and contamination and the impact of plastic waste on the environment. These educational efforts will start with Tricon employees and then expand to neighbourhoods and communities.

Tricon has also introduced recycling containers in cooperation with local municipal authorities which will be placed in Tricon’s office building as well as throughout the neighbourhood.

-Gerber to show solution for mass production at Texprocess

Gerber is set to display its industry-leading, end-to-end solution to support on-demand bespoke design through production as well as mass production at Texprocess expo, in hall 4.0, stand B31. The company will also participate in the Smart Textiles Micro-Factory exhibit. Texprocess is a leading trade fair for processing textile and flexible materials.

Gerber is pioneering the end-to-end process by providing their customers with a full suite of cutting-edge solutions that increase creativity, productivity and efficiency. The 50-year-old industry leader will be showcasing how their end-to-end solutions passed a real world test as they reveal the Waldrip Collection by Gerber. The collection is a collaboration between Gerber and designer Stephanie London.

-Skeleton Technologies to invest €25 million in German plant

Skeleton Technologies, an Estonia-based company that produces graphene-based supercapacitors and energy storage systems, is to invest €25 million in its plant located in the German state of Saxony. With this investment, Skeleton aims to expand its research and development as well as scale its production.

Skeleton Technologies to invest €25 million in German plant

“In 2017, we announced our first stage in Saxony — €6.2 million were invested in the production of ultracapacitors in Großröhrsdorf,” Skeleton co-founder and CEO Taavi Madiberk said in a press release. “We have successfully entered the market and helped save fuel and reduce emissions from buses, trucks, railway vehicles and industrial machinery”.

-Why are investors so interested in Saudi Arabia?

The New York Times editorial board recently published an editorial bemoaning corporations’ continued interest in investing in Saudi Arabia.

The article highlighted a few reasons for Saudi Arabia’s attractiveness to foreign capital, but provided little context to those reasons, which may be why the board remains puzzled.

Here is a little more on what makes Saudi Arabia eye-catching to foreign investors.

To start with, it is instructive to see what investors think about when they consider investing in a foreign country.

There are two main questions that investors ask themselves.

-Donald Trump’s Iran oil sanctions may severely damage India’s economy (and the world’s)

The United States has announced it will not renew the exemptions given to eight countries, including India and China, that enable them to buy Iranian oil.

The United States has unnerved the world oil market by ramping up the pressure in its long-running dispute with Iran.

It has announced that, after May 1, it will not renew the exemptions given to eight countries that enable them to buy Iranian oil.

Those affected, including China, India, Japan, Italy and South Korea, will face sanctions from Washington if they do not comply.

The move will likely squeeze global oil supply at a time when it is already struggling from disruptions in Venezuela, Libya and Nigeria.

-If we care about plastic waste, why won’t we stop drinking bottled water?

We have all seen the damage plastic waste is doing around the world – but sales of bottled water have continued to grow

For all the innovation and choice that define the food and drink industries, if you want to make money, you could do a lot worse than bung some water in a bottle and flog it.

A litre of tap water, the stuff we have ingeniously piped into our homes, costs less than half a penny.

A litre of bottled water can cost well over a pound, especially for something fancy that has been sucked through a mountain.

-OPEC Unfazed By Potential Supply Shortage

On Monday, in a decision that rocked oil market participants around the world, the Trump administration announced that they will not be renewing or extending oil waivers they had granted to eight counties allowing them to continue purchasing Iranian oil in reduced quantities despite U.S. sanctions.

The original six-month grace period granted by these “significant reduction exceptions” ends on May 1, and Washington is demanding that the nations previously allowed to continue buying Iranian crude immediately and unilaterally cut Tehran off.

For many, the decision came as a shock, and many nations dependent on Iranian oil are now scrambling to determine just what that means for the future.

-Iran: Leaving nuclear treaty one of ‘many options’ after US sanctions move

Foreign Minister Javad Zarif tells state broadcaster that authorities are considering “numerous” options in response to U.S. ending waivers for import of oil from Iran. Meanwhile, Iran’s chief of staff says U.S. Navy has not changed its protocol regarding the now-blacklisted Revolutionary Guards.

Iran said on Sunday it could quit a treaty against the spread of nuclear weapons after the United States tightens sanctions, while an Iranian general said the U.S. Navy was interacting as before with an elite military unit blacklisted by Washington.

-Abu Dhabi bodies commit towards circular economy

The Ministry of Climate Change and Environment, MOCCAE, has formed a coalition teaming up with several government and private bodies in order to advance a circular economy in the capital of the UAE.

The coalition will pilot a closed loop recycling model for plastic bottles, beverage cartons, and other packaging in Abu Dhabi.

The cooperating companies and entities include BASF, Borouge, Tetra Pak, Carrefour, Coca-Cola, Dow Chemicals, Environment Agency Abu Dhabi, Gulf Petrochemicals and Chemicals Association, McDonald’s UAE, Nestlé, Procter &Gamble, PepsiCo, Unilever and Emirates Nature – WWF.

-Miroglio Fashion, we will go abroad with targeted agreements and joint ventures (Italian Language Only)

President Elena Miroglio: we want to grow across the border. The model is the Turkish and Russian agreements

The results of the restyling and of the new openings for 430 shops. Another 120 interventions this year

The dispute with the cousins: “It is a groundless action and has no impact on operations”
Last week Miroglio Fashion, the Miroglio group company (parent company of the family) dedicated to fashion brands (from Elena Mirò to Oltre, from Motivi to Fiorella Rubino and Luisa Viola, among others) changed its CEO, with the release of Hans Hoegstedt and the entrance of Gaetano Sallorenzo.

If Hoegstedt had the task of repositioning the brands and revising the distribution structure, Sallorenzo has today instead of «transforming the structure making it leaner and accompanying brands towards greater autonomy, digitization and internationalization», says Elena Miroglio , president of Miroglio Fashion.

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