Asia paraxylene July contract prices

Asia paraxylene July contract

Asia did not reach agreement on paraxylene July contract prices

Asia paraxylene July contract prices

The participants in the negotiation process, by agreeing on the July contract prices of paraxylene in Asia, could not reach an agreement for the current month.

According to them, the approval of the monthly contractual price of the material is achieved when it is agreed by at least two suppliers and two buyers.

This is the fifth time this year when it is not possible to agree on contract prices for material in the region. Asia paraxylene July contract

Thus, in 2019, the agreed contract price of paraxylene in Asia was reached in February at the level of USD1,050 per ton, CFR Asia, and in March at the level of USD1,080 per ton, CFR Asia.

Para-xylene is one of the main raw materials for the production of polyethylene terephthalate (PET).

According to the ICIS-MRC Price Review , the cn value of PET in the Russian market will reach a price bottom this month.  Asia paraxylene July contract

In July, contract prices of Russian producers will reach minimum levels over the past 1.5 years.  Asian quotes continue to grow, which will affect the growth of formula prices of Russian factories already for August shipments.

mrcplast.ru

Author:   Margarita Volkova

 

Related Topics

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Sinopec PetroChina LDPE EastChina 

Sinopec and PetroChina Increase LDPE Prices in East China 

Sinopec PetroChina LDPE EastChina

MOSCOW – China China Petroleum & Chemical Corp.  (Sinopec), Asia’s largest oil refining company, and PetroChina, a subsidiary of the Chinese National Petroleum Corporation (CNPC), announced on July 1 that high-pressure polyethylene (LDPE) prices were rising for China’s eastern region, market sources told ICIS . Sinopec PetroChina LDPE EastChina 

So, on July 1, Sinopec increased its LDPE prices on CNY100-200 to CNY8 750 per ton EXW (shipment from the plant), a company source said.

PetroChina, at the same time, separately increased LDPE prices on CNY150 to USD8,600 per ton EXW.

Supplies from major manufacturers are limited, since on June 27 Maoming Petrochemical closed its LDPE production.  The same production was closed from 6 to 15 June.

Traders in southern China offered LDPE on spot at a level of CNY8 700-9,000 per ton.

According to Scan Report Company Market Report, in May, the estimated consumption of LDPE in Russia increased to 53.76 thousand tons against 47.62 thousand tons a month earlier.  Sinopec PetroChina LDPE EastChina 

Kazanorgsintez has increased production volumes after stopping for prevention.  In the first five months, the estimated consumption of LDPE in the Russian Federation was 248.91 thousand tons, which is 3% more than in 2018.

The volumes of PVD production on the part of individual producers decreased, and exports also declined. Sinopec PetroChina LDPE EastChina 

Sinopec Corp.  is one of the world’s largest integrated energy and chemical companies.  Business Sinopec Corp.  includes oil and gas exploration, extraction and transportation of oil and gas, oil refining, petrochemical production, the production of mineral fertilizers and other chemical products.

In terms of refining capacity, Sinopec Corp.  ranks second in the world, in terms of ethylene capacity – fourth.

PetroChina was established in 1999 by allocating CNPC assets.  The company is engaged in the exploration, development and production of oil and natural gas, as well as the processing, transportation and distribution of oil and oil products, petrochemical products and the sale of natural gas.

CNPC owns 86% of the company’s shares.  The headquarters is located in Beijing, the staff of more than 500 thousand people.

mrcplast.ru

Author:   Anna Larionova

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Polymers Petrochemicals LDPE Bioplastic 02-07-2019

Polymers Petrochemicals LDPE Bioplastic

China – Polyethylene Terephthalate

PET and its chain continue to be strong.

Crude oil  is on roller coasters.

Polyamide 6 and its chain are slight rising.

Acrylonitrile is losing ground.

PET Bottle grade export 955/995 $/ton PET Bottle grade domestic market 7,750/7,850 yuan/ton PET Filament grade SD domestic market 7,650/7,800 yuan/ton – PET Filament grade BR domestic market 7,750/7,850 yuan/ton

PTA Taiwan 740/750 $/ton PTA domestic market 6,350/6,450 yuan/tonMEG  555/565 $/ton – MEG domestic market 4,300/4,400 yuan/tonPX Korea 830/845 $/ton

Polyester POY 150D/48F  domestic market 8,800/8,900  yuan/tonPolyester DTY 150D/48F  domestic market 10,050/10,150  yuan/tonPolyester Staple PSF domestic market8,400/8,500 yuan/ton

Polymers Petrochemicals LDPE Bioplastic

Asia did not reach agreement on paraxylene July contract prices

The participants in the negotiation process, by agreeing on the July contract prices of paraxylene in Asia, could not reach an agreement for the current month.

According to them, the approval of the monthly contractual price of the material is achieved when it is agreed by at least two suppliers and two buyers.

This is the fifth time this year when it is not possible to agree on contract prices for material in the region

Polymers Petrochemicals LDPE Bioplastic

Crude Oil Prices Trend

Polymers Petrochemicals LDPE Bioplastic

-Sinopec and PetroChina Increase LDPE Prices in East China 

China China Petroleum & Chemical Corp.  (Sinopec), Asia’s largest oil refining company, and PetroChina, a subsidiary of the Chinese National Petroleum Corporation (CNPC), announced on July 1 that high-pressure polyethylene (LDPE) prices were rising for China’s eastern region.

So, on July 1, Sinopec increased its LDPE prices on CNY100-200 to CNY8 750 per ton EXW (shipment from the plant), a company source said.

PetroChina, at the same time, separately increased LDPE prices on CNY150 to USD8,600 per ton EXW.

Supplies from major manufacturers are limited, since on June 27 Maoming Petrochemical closed its LDPE production.  The same production was closed from 6 to 15 June.

Polymers Petrochemicals LDPE Bioplastic

-EFBW calls for improvements in plastic recycling infrastructure

The European Federation of Bottled Waters (EFBW) has called on European authorities to enhance the performance of recycling and sorting systems for beverage containers, in order to ensure the availability of high-quality recycled PET (rPET) in the EU.

Last year, EFBW members committed to collecting 90% of all PET bottles by 2025 as an EU average, ensuring that discarded plastic containers can be converted into rPET.

The EU also approved the implementation of the Single Use Plastics Directive in May, which set a 90% separate collection target for plastic beverage bottles by 2029.

Polymers Petrochemicals LDPE Bioplastic

-PepsiCo Switches to 100% rPET Packaging for Lifewatr

PepsiCo Switches to 100% rPET Packaging for Lifewatr(Photo: PepsiCo’s Lifewatr is set to be packaged with 100% recycled plastic. Credit: PepsiCo)

PepsiCo plans to package its bottled water brand Lifewatr in 100% recycled polyethylene terephthalate (rPET) starting this year, the company says. The move should help the beverage giant advance its goal of using 25% recycled plastic content in all plastic packaging by 2025.

Besides the shift to 100% rPET packaging, PepsiCo says their sparkling water brand Bubly will no longer be packaged in plastic and their Aquafina water brand will offer aluminum can packaging in US food service outlets. Altogether, the 2019 packaging changes are expected to eliminate more than 8,000 metric tons of virgin plastic and around 11,000 metric tons of greenhouse gas emissions, according to the company.

Polymers Petrochemicals LDPE Bioplastic

-Evian unveils 100% rPET bottle in Wimbledon trial

Danone Waters has unveiled a 750ml Evian bottle made from 100% recycled plastic, which is being trialled at this year’s Wimbledon Tennis Championships.

The innovation is part of Evian’s commitment, made last year, to ensure all its bottles are 100% rPET by 2025, by which time the brand aims to be a fully circular business globally.

To mark the launch of the new sustainable pack, Evian was working with Wimbledon’s All England Lawn Tennis & Croquet Club to shine “a spotlight on recycling infrastructure and behaviour” the brand said. Polymers Petrochemicals LDPE Bioplastic 

Polymers Petrochemicals LDPE Bioplastic

-Iraq will not offer Basrah Medium crude until Fao project complete: minister

Iraq’s long-mooted introduction of a Basrah Medium crude grade is contingent on the much-delayed expansion of the Fao export depot on the Persian Gulf, oil minister Thamir al-Ghadhban said.

Iraq’s State Oil Marketing Organization announced last year that it was mulling the launch of Basrah Medium, which would stabilize the quality of its current grades on offer — Basrah Heavy and Basrah Light — as more production is sourced from lower-quality oil deposits.

Polymers Petrochemicals LDPE Bioplastic

-IRENEX to hold offering of 2m barrels of light crude oil on Tuesday

This will be the 12th round of light crude offering in IRENEX and the fifth round of offerings in the current Iranian calendar year (started on March 20, 2019).

Since the U.S.’s withdrew from Iran’s nuclear pact in May 2018, vowing to drive Iran’s oil exports down to zero, the Islamic Republic has been taking various measures to counter the U.S. actions and to keep its oil exports levels as high as possible.

One of the main strategies that Iran chose to execute to help its oil exports afloat has been trying new ways to diversify the mechanism of oil sales, one of which is offering oil at the country’s stock market.Polymers Petrochemicals LDPE Bioplastic 

Polymers Petrochemicals LDPE Bioplastic

-Henkel partners with greiner packaging to release recyclable black plastic packaging

Black plastic packaging materials pose a challenge for the recycling value chain on account of the colour used in them to date, as they cannot be properly identified and sorted by the optical sensors at waste sorting facilities.

Henkel has partnered with its supplier Ampacet, a global masterbatch producer, to implement a solution for fully recyclable black plastic packaging. The new packaging material is based on an alternative, carbon-free black colour, allowing used bottles to be returned to the value chain.

Polymers Petrochemicals LDPE Bioplastic

-Prym Fashion unveils eco-friendly clothing snaps made from plants and recycled bottles

The fashion industry is well-known for wasteful practices in manufacturing, including excessive water consumption and chemical run-off.

The fast fashion trend has lead to massive amounts of clothing waste that are not worthy of donating or recycling.

In many cases, sourcing materials is a matter of finding what is cheap regardless of the effect on the planet. However, Prym Fashion takes materials seriously with a laser focus on every detail, right down to the snap on your favorite shirt.Polymers Petrochemicals LDPE Bioplastic 

Polymers Petrochemicals LDPE Bioplastic

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