- China – Polyethylene Terephthalate
- PET and its chain are weak.
- Crude oil is steady
- Polyamide 6 and its chain lose still ground.
PET Bottle grade export 1,000/1,045 $/ton – PET Bottle grade domestic market 7,800/7,900 yuan/ton – PET Filament grade SD domestic market 7,450/7,550 yuan/ton – PET Filament grade BR domestic market 7,550/7,650 yuan/ton
- PTA Taiwan 835/845 $/ton – PTA domestic market 6,600/6,700 yuan/ton – MEG 565/575 $/ton – MEG domestic market 4,450/4,550 yuan/ton – PX Korea 880/890 $/ton
- Polyester POY 150D/48F domestic market 8,200/8,300 yuan/ton – Polyester DTY 150D/48F domestic market 9,900/10,000 yuan/ton – Polyester Staple PSF domestic market 8,450/8,550 yuan/ton
Crude Oil Prices Trend Polymers Petrochemicals Smart Fabric
Polyethylene terephthalate (PET) in Europe, as in other regions, remains cautiously bearish despite the normally buoyant time of year. However, if the popularity of imports wanes, domestic producers may find renewed interest in their product.
– Production costs could decrease
– Inventories high; pre-bought volumes may last the season
– Appetite for Asian PET may wane
Summer PET: warmer weather would prop up the market. Picture source: Photoalto/REX/Shutterstock
Much depends on what happens with feedstock prices, which are broadly expected to decrease in May.
This information will help buyers determine if it is preferable to purchase contract over spot, while sellers want to recover from production costs estimates that went against them in April.
Petrochemical trades in Asia turned largely cautious this week, after the US issued a threat to hike tariffs on $200bn worth of Chinese goods to 25% on 10 May, including chemicals and plastics, with China vowing to respond with countermeasures.
Regional prices of some petrochemicals were stable to softer as buyers retreated to the sidelines.
There is a general concern that demand from China – a key petrochemical importer in Asia – will weaken further as a direct result of the escalation of the trade war between the two economic giants.
In the acrylonitrile butadiene styrene (ABS) market, spot prices have fallen below $1,500/tonne CFR (cost & freight) China for some brands, while others traded in the mid-$1,500/tonne CFR China levels.
CoolVisions dyeable polypropylene filament and Tencel branded fibres are teaming up in a disruptive fabric collection of knits and wovens for the lifestyle and performance apparel markets.
“Sometimes opposites attract and bring out the best in one another,” commented Susan Lynn, Global Sales and Marketing Manager for CoolVisions.
“The cool, silky hand and inherent performance attributes of CoolVisions dyeable polypropylene filament are proving the perfect complement to Tencel fibres. It’s a collaboration that raises the bar for today’s textiles.”
Evonik is reorganizing its business for high-performance polymers within the polyamide group.
The specialty chemicals company has already begun construction of a new polyamide 12 (PA 12) facility complex and is expanding its production of transparent polyamides at the Marl Chemical Park, and, in so doing, is concentrating its activities on high-performance materials for attractive growth markets such as the automotive, oil and gas, 3D printing, and optics industries.
As part of the reorganization process, Evonik will withdraw entirely from the polyphthalamide (PPA) business at the Witten site.
China will adopt countermeasures if the US carries out with its threat to raise tariffs on imports from that country.
“The escalation of trade friction is not in the interests of the people of the two countries and the people of the world,” China’s Ministry of Commerce said. “The Chinese side deeply regrets that if the US tariff measures are implemented, China will have to take necessary countermeasures.”
Earlier this week, US President Donald Trump said the US would raise tariffs on $200bn worth of Chinese imports to 25% from 10% if trade talks between the two countries do not show signs of making progress. The higher tariffs would kick in on Friday.Polymers Petrochemicals Smart Fabric
The Asian market for non-dutiable C6 metallocene linear low density polyethylene (MLLDPE) has entered a stage of stability, now that it reaches a balance on supply and demand following recent production hiccups.
The supply situation for May cargoes has since improved and more supply is on the horizon when a local Indian producer will be back on track to supply C6 MLLDPE.
One southeast Asian producer, which is a major supplier of non-dutiable C6 MLLDPE to India, kept offers stable this week following some production issues in April.
If sustainable plastic sounds like an oxymoron to you, you wouldn’t be the only one. But with the sleeping giant of public opinion beginning to awaken to the unsustainability of plastic around the world — roughly 40 percent of which is found in packaging — some innovators are starting to look for ways to avoid using the material.
Still, it’s hard to imagine anything as useful as plastic packaging. It’s cheap, incredibly versatile, can be produced in virtually any shape imaginable, safely protects food and in many cases can be substituted for other, costlier and heavier materials such as metal, glass or wood.Polymers Petrochemicals Smart Fabric
Oerlikon invites all visitors to this year’s ITMA in Barcelona on a journey into the future of manmade fiber production.
From 20 to 26 June 2019, the world market leader will show all its guests its vision of a sustainable and automated manmade fiber production in a virtual 4D showroom at its 1,000 m² stand in Hall 7, A101: “Clean Technology. Smart Factory.” is the motto of the future.
And this is only a stone’s throw away from reality at the stand.
Because today Oerlikon is presenting four world premieres for efficient machine and plant concepts in a new, innovative industrial design.
Together with numerous other innovations, all this forms the new DNA of the Oerlikon Manmade Fibers segment.
HDPE prices declined this week in Asia. A sharp week on week drop in crude prices, a decline in prices of naphtha weighed down on Asian HDPE rates. A drop in regional buying interest also contributed toward the price fall.
In Far East Asia, HDPE film prices were assessed lower at the USD 1070/mt levels, a fall of USD 5/mt from the previous week.
HDPE blow moulding prices were assessed down at the USD 1055/mt levels, a week on week drop of USD 10/mt.
HDPE injection prices were at the USD 1010/mt levels, while HDPE yarn prices were assessed at the USD 1070/mt levels, both down USD 5/mt from the last week.
An engineer explains why recycling is busted in America.
After writing How the plastics industry is hijacking the circular economy, engineer Jan Dell, founder of The Last Beach Cleanup and the Vice Chair of the US Federal Advisory Committee on the Sustained National Climate Assessment in 2016-2017, contacted TreeHugger to tell us that it was worse than we think. Now that we have seen that countries actually can put deposits on everything and try and get recycling up to 90 percent, Dell writes about what the problem is in the USA and how we can fix it.
Six Times More Plastic Waste is Burned in U.S. than is Recycled
As the equivalent of 65 trash trucks per day of plastic waste are dumped into the ocean in the United States (U.S.) via our land, rivers and coasts, companies that make and sell plastic and single use disposable plastic products continue to tell us that recycling is the primary solution to plastic pollution.Polymers Petrochemicals Smart Fabric