Polymers Petrochemicals PET Polyamide
China – Polyethylene Terephthalate
PET and its chain gain ground with exception of MEG.
Crude oil continues to be on the roller coaster,but at the moment is strong.
Polyamide 6 and its chain are steady, but there are signs of recovery.
Acrylonitrile is steady.
PET Bottle grade export 940/985 $/ton – PET Bottle grade domestic market 7,600/7,700 yuan/ton – PET Filament grade SD domestic market 7,450/7,600 yuan/ton – PET Filament grade BR domestic market 7,550/7,650 yuan/ton
PTA Taiwan 740/750 $/ton – PTA domestic market 6,200/6,300 yuan/ton – MEG 530/540 $/ton – MEG domestic market 4,400/4,500 yuan/ton – PX Korea 810/825 $/ton
Polyester POY 150D/48F domestic market 8,250/8,350 yuan/ton – Polyester DTY 150D/48F domestic market 9,750/9,850 yuan/ton – Polyester Staple PSF domestic market8,250/8,350 yuan/ton
- Recent data shows slight downturn in the American economy
- Consumer confidence index dropped 9.8 points to a reading of 121.5 this month
- Sales of single-family homes unexpectedly fell for a second straight month
- Analysts say markets are worried by escalation in trade tensions with China
The well known economist who accurately predicted the housing crisis of 2008 says that America is in a recession, albeit a mild one.
Gary Shilling, the economist and financial analyst, thinks the United States is in the midst of a slight downturn.
‘I think we’re probably already in a recession but I think it will probably be a run-of-the-mill affair, which means real GDP would decline 1.5 per cent to 2 per cent, not the 3.5 per cent to 4 per cent you had in the very serious recessions,’ said Shilling, who is president of A. Shilling & Co.
Crude Oil Prices Trend
he wonderful potential of graphene has been well covered on our pages, with its supreme strength, ultra-thin profile, and excellent electrical and thermal conductivity opening up all kinds of possibilities.
One thing missing from all of this is a cost-effective way to produce it, but a team of researchers now believe they may have discovered a key to this hiding in the bark of Australian eucalyptus trees.
Once regarded as a wonder material for the future, graphene is now finding numerous commercial applications in the hands of innovative companies. We take a whistle-stop tour of everyday items with a twist of graphene.
Graphene was originally identified for use as a transistor in computing, but as researchers catalogued its properties, it became clear that it could be used for many other applications.
Graphene is strong, light, thin and flexible. It is the thinnest substance capable of conducting electricity, is an efficient thermal conductor and is optically transparent.
In a functionalised form (i.e. when compatible chemical groups are added to the material surface to disperse the graphene) it is used with carbon fibre and composite products to strengthen and reduce the weight of sports equipment. In protective helmets, graphene-enhanced composites increase the strength to weight ratio to improve impact resistance.
Not surprisingly, it has been in the field of the dyeing and finishing of both fabrics and garments that the biggest gains in resource savings have been made since the last ITMA in Milan in 2015.
The industry’s achievements in this area were underlined at the press conference held by ACIMIT, the Italian textile machinery association on the second day of ITMA 2019.
Italy is the biggest country exhibitor at the exhibition, with 360 companies here in Barcelona.
Italian trade commissioner for Spain Cecilia Olivia outlined the success of the country’s textile machinery exports which amounted to over €2 billion or 83% of total sales of €2.4 billion in 2018, with dyeing and finishing technology the biggest sector.
European Patent Office Polymers Petrochemicals PET Polyamide
Manfred Hackl, left, and Klaus Feichtinger’s Counter Current technology for Erema improves the recycling process.
The European Patent Office has honored Klaus Feichtinger and Manfred Hackl of Erema Group GmbH for their innovative technology for high-performance plastic recycling.
The European Inventor Award 2019, held June 20 in Vienna, recognized the duo’s “efficient and high-quality plastic recycling technology,” EPO said in a statement.
“Feichtinger and Hackl have developed new technology capable of efficiently sorting and separating plastics, meaning less waste and more new plastics available for production.
Boealis and the EREMA Group have signed a Letter of Intent (LOI) for the purpose of deepening their cooperation in the field of mechanical recycling.
The shared goal is to advance mechanical recycling technologies in order to accelerate the transition to a circular economy of plastics. The companies also aim to enhance recycling processes in order to satisfy increasing market demand for higher-quality recyclate used in high-end applications.
Leveraging respective areas of expertise to accelerate technology development
Borealis has announced the introduction of a new plastics recycling technology, Borcycle™. This evolving technology will be used to produce high-quality compounds made of recycled polyolefins (rPO) such as the newly-launched Borcycle™ MF1981SY, an rPO with over 80% recycled content intended for use in visible appliance parts.
Borealis also announces a series of significant material improvements to existing recyclates in the established Purpolen™ brand portfolio. These market launches and product improvements are important technology advancements and thus accelerate the transformation to a circular economy of plastics. Borealis and its wholly-owned subsidiary, mtm plastics, will showcase the new Borcycle technology and recyclate innovations at the K 2019 in October. Polymers Petrochemicals PET Polyamide
How is the ban on single-use plastics affecting your business? With the European Directive on single use plastics now officially published, member states have up to two years to implement the changes outlined. Despite plans to leave the EU, the UK has pledged to honour the single-use plastics directive and has already introduced a ban on certain single-use plastic items which include plastic straws, drinks stirrers and cotton buds in England from 2020 in a bid to limit the amount of plastic pollution.
The promotions industry is a sector that is plastics-heavy, and this is something we as an industry need to tackle together.
Signatories to the UK Plastics Pact are to being encouraged to eliminate eight ‘hard to recycle’ plastic packaging materials from their product ranges by the end of 2020, including PVC packaging.
Pact members will be encouraged to remove PVC packaging “as fast as possible” and by the end of 2020 wherever this is viable.
PVC is commonly found in meat trays
PVC is seen as problematic for recyclers as it is not easily recyclable alongside other packaging polymers and it also contaminates plastic which could otherwise be recycled such as PET or HDPE.
Circular Economy is one of the focus topics at K 2019 and also the “green thread” running through injection moulding machine manufacturer and system solutions provider ENGEL’s trade fair appearance.
Dr. Stefan Engleder, the CEO of the ENGEL Group, emphasises the huge importance of this topic in the run-up to the trade fair as follows: “It is my personal concern to contribute to establishing a circular economy for the plastics industry, which bears a global responsibility that can only be met by companies working together.
Polyolefins producer Bourouge is starting to feel the heat from US competitors sending material to Asia, causing ups and downs in prices which the Abu Dhabi producer is trying to weather, an executive at the joint venture said on Tuesday.
BorougeMichael Pell, senior vice president for marketing at Borouge, conceded US producers are in “push mode” trying to aggressively place their product in Asian markets.
Borouge is an Abu Dhabi-based joint venture between the emirate’s crude oil major ADNOC (60% stake) and Austria’s polyolefins and fertilizers producer Borealis (40%).
The Middle East base oils market has experienced a depressing first half of 2019 with more pessimism expected in the second half as geopolitical tensions continue to simmer, threatening trade flows in the region.
Part of the jittery environment in early 2018 was blamed on renewed US economic sanctions against the region’s key Group I producer Iran, as well as the deteriorating trade relations between the US and China.
In May, tensions ratcheted up further when the US announced it was not renewing waivers on sanctions against Iran.Polymers Petrochemicals PET Polyamide
Asia is seeing a convergence of geoeconomic and geopolitical risks which pose a serious threat to growth in the region, said an expert in international affairs on Wednesday.
Per capita income growth in Asia is currently high and relatively consistent, with the region representing more than 60% of world growth, said Jonathan Berkshire Miller, international affairs fellow at the Council on Foreign Relations, speaking at the 13th ICIS Asian Base Oils & Lubricants Conference.
Growth is projected at 5.4% in 2019, after 5.6% in 2018, but at these levels are still substantially below those in the United States and Europe, he noted.