Polymers Petrochemicals Recycling Bioplastic
China – Polyethylene Terephthalate
PET and its chain, also today, continue to gain ground.
Crude oil continues to rise strong.
Polyamide 6 and its chain are steady.
PET Bottle grade export 920/955 $/ton – PET Bottle grade domestic market 7,400/7,500 yuan/ton – PET Filament grade SD domestic market 7,100/7,250 yuan/ton – PET Filament grade BR domestic market 7,200/7,300 yuan/ton
PTA Taiwan 740/750 $/ton – PTA domestic market 5,900/6,000 yuan/ton – MEG 535/545 $/ton – MEG domestic market 4,400/4,500 yuan/ton – PX Korea 810/825 $/ton
Polyester POY 150D/48F domestic market 7,950/8,050 yuan/ton – Polyester DTY 150D/48F domestic market 9,500/9,600 yuan/ton – Polyester Staple PSF domestic market 7,850/7,950 yuan/ton
North American prices for polypropylene and PET bottle resin moved in different directions in May, while prices for other commodity resins were flat.
Regional PP prices increased an average of 4 cents per pound in May after having been flat in April. The increase followed a similar rise for polymer-grade propylene monomer, which is used to make PP resin.
Prior to April, PP prices had dipped 3 cents in March. The March decline was the fifth consecutive monthly price drop for North American PP, with those declines totaling 24.5 cents.
Crude Oil Prices Trend
-New international conference on cellulose fibres – presenting the fastest growing fibre group in textiles, the largest investment sector in the bio-based economy and the solution for avoiding microplastics
Cellulose fibres are a success story within the textiles market with a cumulated annual growth rate (CAGR) of at least 10% over the last ten years. This makes them the fastest growing fibre group in the textile industry and also the largest investment sector in the bio-based economy worldwide. The high growth rates are driven by the demand for natural fibres (and bottlenecks in cotton), the microplastic problem and possible bans for plastic fibres. All three drivers will continue to play a significant role in the future development of the sector. Polymers Petrochemicals Recycling Bioplastic
Unifi and provider of global surface solutions and technologies, Oerlikon, are displaying the new eAFK Evo texturing machine at ITMA 2019 exhibition. The leading textile and garment technology expo is being held from June 20-26, 2019, at Barcelona, Spain. Unifi is a leading innovator in manufacturing synthetic virgin and recycled performance fibres.
Oerlikon’s new eAFK Evo texturing machine has proven to be a breakthrough in the manufacture of yarns. This is evidenced by leading global yarn producer, Unifi, who has placed a significant order for these revolutionary machines yesterday, the first day of the trade fair.Polymers Petrochemicals Recycling Bioplastic
Oil prices edged lower on Monday as crude demand concerns resurfaced and the possibility of an imminent conflict between the United States and Iran faded.
Kemira has joined a four-year EU funded project which aims to develop 100% bio-based chemicals, produced from renewable raw materials. In addition, the project aims to develop new means to improve production efficiency at pulp mills with higher utilization of wood biomass.
The project which was kicked-off in May 2019, has received EUR 5.9 million funding from the Bio Based Industries Joint Undertaking (BBI JU), under the European Union’s Horizon 2020 research and innovation program. The total budget of the project is EUR 9.6 million and it is one of several undertakings aimed at developing a sustainable bio-based industry sector in Europe.
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Coca-Cola Hellenic Bottling Company (HBC) Switzerland has announced that bottles for its local water brand, Valser, will now be made using recycled PET (rPET) plastic.
Aligned with its ‘World Without Waste’ initiative, devised with its partner, The Coca‑Cola Company, the alteration comes as part of Coca‑Cola HBC’s efforts to use more sustainable packaging options.
Chevron Phillips Chemical and Qatar Petroleum have agreed to build a 1.9m tonne/year ethane cracker and 1.68m tonne/year high density polyethylene (HDPE) project at Ras Laffan Industrial City in Qatar, the companies said on Monday.
The project agreement documents were signed earlier in the day in Doha.
Qatar Petroleum will own a 70% majority share of the joint venture and Chevron Phillips Chemical will own the remaining 30%, the companies said.
European cracker margins have fallen on the back of a rise in upstream values due to US-Iran tensions, ICIS margin analysis showed on Monday.
In the week to 21 June :
– Naphtha values rose by 7%
– Liquefied petroleum gas (LPG) values rose by 12%
Asia’s monoethylene glycol (MEG) supply is expected to lengthen in the second half of 2019 after new capacities come on stream. The increase in capacity, however, may be less than previously expected, in view of weak MEG margins.
Margins for coal-based MEG have fallen significantly in 2019, raising some concerns over the financing of new MEG plants, against a backdrop of uncertain macroeconomic conditions due to the US-China trade spat.Polymers Petrochemicals Recycling Bioplastic
Numerous variations in flexible film packaging variants have been used for years with the objective of improving on the shelf life of the contents in addition enhancing the overall product appeal. BOPET films are one of these film materials that are rapidly gaining popularity for numerous packaging applications around the world.
Also known as Biaxial-oriented polythene terephthalate, this film is produced from stretching PET into thin films in a machine before cross directing these materials. Consequently, BOPET films attain superior mechanical and thermal properties, which has made it a suitable alternative to many other packaging materials.
Prada nylon bags and accessories have been a brand staple since 1984. Last September, the house even revamped Prada Linea Rosa, a nylon-heavy, hypebeast-ready diffusion line, and Frank Ocean just attended the 2019 Met gala fully decked out in Prada nylon. But today, the brand announced that they’re transforming the products into something sustainable.
Prada has partnered with the Italian textile yarn producer Aquafil to use the manufacturer’s sustainable nylon, Econyl, a fabric that can be recycled over and over again. Polymers Petrochemicals Recycling Bioplastic