Global Economy Strong Growth

The global economy rebounded in the first quarter Global Economy Strong Growth

Global Economy Strong Growth

MOSCOW – The global economy shows strong growth in the first quarter, despite the fact that oil has risen by about 40% by the end of April due to an agreement by OPEC and other oil exporters to limit its production and US sanctions against Iran and Venezuela, Vedomosti reports.

Experts give this two basic explanations.  First, according to some of them, the rise in prices reflects the high demand for oil.  Secondly, the shale revolution in the United States has changed the situation on the market.  Its production limits the rise in prices, and it is no longer so terrible for the US economy, which can turn from an oil importer into a net exporter.Global Economy Strong Growth

The annual growth rate of China’s economy remained at 6.4% thanks to measures that Beijing took to stop its slowdown.

US GDP unexpectedly rose by 3.2%, while quarterly growth in eurozone GDP accelerated to 0.4% after 0.1 and 0.2% in the third and fourth quarters of 2018, respectively.

Italy managed to get out of the technical recession, showing a growth of 0.2%.  In annual terms, the eurozone economy grew by 1.2%.

Unemployment in the eurozone in March fell to 7.7% – the lowest since 2008.  In the US, it fell in April to 3.6%, the lowest level since December 1969.

Earlier it was reported that Russia’s GDP in 2018 grew by 2%.  The Ministry of Economic Development expected the economy to grow by 1.8% in 2018.

mrcplast.ru

Author:   Anna Larionova

 

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Polymers Petrochemicals Plastic Sustainable 07-05-2019

  • China Polyethylene Terephthalate
  • PET and its chain are assessed mixed.
  • Crude oil is weak on  U.S./China trade war.
    .

    • Polyamide 6 and its chain are steady,but continue to be weak.

    PET Bottle grade export 1,020/1,060 $/ton PET Bottle grade domestic market 7,900/8,000 yuan/ton PET Filament grade SD domestic market 7,500/7,600 yuan/ton – PET Filament grade BR domestic market 7,600/7,700 yuan/ton

  • PTA Taiwan 835/845 $/ton PTA domestic market 6,550/6,650 yuan/tonMEG  565/575 $/ton – MEG domestic market 4,450/4,550 yuan/tonPX Korea 880/890 $/ton
  • Polyester POY 150D/48F  domestic market 8,350/8,450  yuan/tonPolyester DTY 150D/48F  domestic market 19,950/10,050  yuan/tonPolyester Staple PSF domestic market 8,550/8,650  yuan/ton

Polymers Petrochemicals Plastic Sustainable

The global economy rebounded in the first quarter Global Economy Strong Growth

The global economy shows strong growth in the first quarter, despite the fact that oil has risen by about 40% by the end of April due to an agreement by OPEC and other oil exporters to limit its production and US sanctions against Iran and Venezuela, Vedomosti reports.

Experts give this two basic explanations.  First, according to some of them, the rise in prices reflects the high demand for oil.

Secondly, the shale revolution in the United States has changed the situation on the market.

Its production limits the rise in prices, and it is no longer so terrible for the US economy, which can turn from an oil importer into a net exporter.

Polymers Petrochemicals Plastic Sustainable

Crude Oil Prices Trend Polymers Petrochemicals Plastic Sustainable

Polymers Sustainable

-Opportunities for growth based on flexible packaging trends

Packaging is one of the most critical, universal, and complex parts of every supply chain.

As an industry, it is robust and growing rapidly, with innovation, sustainability, and market differentiation driving growth. Today’s packaging market conditions are unlike any to date in large part because of developments in machinery, automation, processes, materials, and demand for packaging products. Let’s highlight trends and emerging growth opportunities so packaging professionals can capture a summary of these booming markets.Polymers Petrochemicals Plastic Sustainable

Research shows that leading into 2022, packaging demand will grow steadily at 2.9% to reach $980 billion in 2022. Key opportunities for industry growth include machinery, digital printing, sustainable packaging, and smart packaging.

Polymers Petrochemicals Plastic Sustainable

-Tejidos Royo and Lycra Team Up for New Wovens Capsule Collection

Spanish fashion and fabric firm Tejidos Royo has introduced Fashility, a 14-piece capsule collection of woven trousers, jackets and skirts for men and women featuring premium Lycra brand fiber technologies.Polymers Petrochemicals Plastic Sustainable

The Lycra Company collaborated with Tejidos Royo to showcase the versatility of its fabrics and the benefits of using Lycra fibers to deliver performance benefits to meet consumer needs and drive sales.

Polymers Petrochemicals Plastic Sustainable

-US crude production, Trade weigh on oil prices

Resisting the steady increase in US oil inventories over the past two weeks, oil prices are losing momentum, as headlines about the year-long trade dispute between the United States and China has prompted investors to divest themselves of risky investments.

Oil prices have turned down from 6-months high, with Brent crude trading below 70 (-1.75%), West Texas Intermediate at 60.80 (-1.80%) and finally Shanghai futures at CNY 471 (-2.80%).

Yet it seems that despite recent tweet from US president Donald Trump about potential tariffs hike, the situation has not changed.

Polymers Petrochemicals Plastic Sustainable

-Asian International School ‘Gives Back Life’ to PET plastic

Asian International School Principal Harshana Perera and Coca-Cola Beverages Sri Lanka Ltd Public Affairs, Communications and Sustainability Country Manager Lakshan Madurasinghe shaking hands in agreement to the Give Back Life initiative while Asian International School Head Prefects Shahane De Silva and Hemali Ratnaweera look on

Enthusiastic students from Asian International School (AIS) recently came onboard Coca-Cola Sri Lanka’s ‘Give Back Life’ project by volunteering to bring all PET plastic packaging to school for recycling.

This initiative by the students from the Asian International School was inaugurated during their Sinhala and Tamil New Year school assembly and ensuing festivities, where the ‘Give Back Life’ initiative was given prominence to inculcate the habit of recycling amongst all students, teachers and management of the school.

Polymers Petrochemicals Plastic Sustainable

-60 Percent of Athleta’s Materials Are Now Made From Sustainable Fibers

SAN FRANCISCO: One year after becoming a certified B Corporation, Athleta continues as a leader in sustainable performance apparel, sharing in its April catalog that 60 percent of its materials are now made with sustainable fibers.

The brand has worked aggressively to increase the sustainability in its line by sourcing materials including recycled polyester and nylon, TENCEL Modal, TENCEL Lyocell, and organic cotton; and using more efficient fabric dyeing and finishing techniques.

Polymers Petrochemicals Plastic Sustainable

-Do Biodegradable Plastics Reduce Ocean Pollution?

According to a study conducted by the University of Plymouth’s International Marine Litter Research Center published in the Journal of Environmental Science and Technology, the assumption that switching to biodegradable plastic will reduce ocean-plastic pollution yielded “no advantage” over conventional plastic in reducing ocean pollution.

Plastic bags made of “biodegradable plastic” remained intact with no visible sign of deterioration and useable three years after being dropped in the sea or buried underground.

Watch the video here or click on the still shot below to hear, Professors Richard Thompson and Imogen Napper, School of Biological and Marine Sciences, Co-Authors of the report.

Polymers Petrochemicals Plastic Sustainable

-Uncle Dougie’s squeeze pouches flex strong sustainability numbers

A forward-thinking brand owner that made a calculated move into an entirely new type of packaging for both the company and the condiments category also had the environment in mind. The intent for the launch was to squeeze more sustainable benefits from the packaging throughout the supply chain at the same time consumers could squeeze more product from the highly functional, breakthrough pouches.

Chicago-based cult favorite Uncle Dougie’s line of five distinctive gluten-free and USDA-certified organic barbecue sauces took a big eco-step forward into a smaller carbon footprint format in moving from the company’s standard glass bottles to category-changing inverted squeeze pouches.

-Biodegradable Seat Covers:Lenzing on the Latest in Circular Auto Parts

Through a partnership with Swiss automaker Rinspeed, texxtile giant Lenzing is expanding into auto upholstery — and changing what it feels like to sit on wood.

Wood is one of our most versatile natural materials. We use it for everything from paper, packaging and furniture to houses — and wood-based textiles such as lyocell and modal are more sustainable than fossil fuel-based materials such as polyester.

Lenzing, an industry leader in textiles, makes its own brand of lyocell, called Tencel™, which is commonly used in apparel and home textiles, for hygiene products such as baby wipes, and industrial products including netted packaging.

Now, through a new partnership with Swiss automaker Rinspeed, Tencel is expanding into auto upholstery — and changing what it feels like to sit on wood.

Polymers Petrochemicals Plastic Sustainable

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