PET prices in China are at the level of USD910-920 per ton
MOSCOW – The price offers of polyethylene terephthalate (PET) in China on Monday, August 5, were at the level of USD910-920 per tonne, FOB, ICIS reports citing market participants.
According to the source, some transactions were concluded at the level of USD890 per tonne, FOB China.
Earlier it was reported that the price offers of polyethylene terephthalate (PET) in South Korea fell last week amid falling prices for raw materials – purified terephthalic acid (TFA). Most of the offers from manufacturers were at a price of USD930-960 per tonne, FOB Korea, while there was a counter offer of buyers at the level of USD920 per tonne, FOB Korea.
According to the ICIS-MRC Price Review , in August Russia is expected to decrease demand in the spot market, which was already significantly lower than in the same period last year. Polyethylene terephthalate prices China
Granulate producers, with rare exceptions, will supply material to contract customers. The vast majority of prices for contract customers in August is in the range of 81,000-86,000 rubles. per tonne, CPT Moscow, including VAT.
MOSCOW Prices for polyethylene terephthalate (PET) in South Korea fell last week amid falling prices for raw materials – refined terephthalic acid (TPA), ICIS reports.
Most of the offers from manufacturers were at a price of USD930-960 per tonne, FOB Korea, while there was a counter offer of buyers at the level of USD920 per tonne, FOB Korea. Polyethylene Terephthalate prices SouthKorea
Some market players report more activity in the spot market.
According to the ICIS-MRC Price Review , in August Russia is expected to decrease demand in the spot market, which was already significantly lower than in the same period last year. Polyethylene Terephthalate prices SouthKorea
Granulate producers, with rare exceptions, will supply material to contract customers. The vast majority of prices for contract customers in August is in the range of 81,000-86,000 rubles. per tonne, CPT Moscow, including VAT. Polyethylene Terephthalate prices
Prices for polyethylene terephthalate (PET) in South Korea fell last week amid falling prices for raw materials – refined terephthalic acid (TPA), ICIS reports.
Most of the offers from manufacturers were at a price of USD930-960 per tonne, FOB Korea, while there was a counter offer of buyers at the level of USD920 per tonne, FOB Korea. Polyet Petrochemicals Biodegradable Recycling
The first unified edition of Gartex Texprocess India is set to bring leading textile and garment machinery companies under one roof. With focused segments incorporated within the show, the three-day trade fair will draw attention to growing trends and application areas within the industry including the country’s first denim wrapped car highlighting denim fabric manufacturing as a sunrise industry in the textile value chain of India.
X-Lite Still is Sidel’s latest innovative 500ml PET packaging solution for non-pressurised still water. Thanks to its extremely light industrial bottle design, it is the most cost-effective and sustainable packaging available on the market. This pioneering solution addresses the still water market for small PET bottles, in particular, producers looking to optimise their packaging and their production costs.
With 6.5g of weight and a height of 195mm, Sidel X-Lite Still is the lightest 500ml PET bottle in the world for non-pressurised still water, offering the greatest level of performance – even at very high production speeds with a very light water neck finish. This bottle is perfectly complemented by a Novembal Novaqua RightCAP26 closure.
Europe’s recycling industry will miss a 2025 target for recycling PET bottles.
That warning has come from petroleum industry information firm ICIS, whose 2018 market survey concluded that the PET bottle collection rate in western Europe has risen from 58% in 2016 to 63% in 2018 but was projected to reach only 65% in 2019.
Countries with bottle deposit return schemes were the best performers.
Under the European Union single-use plastics directive, the industry is required to reach recovery rates of 77% by 2025 and 90% by 2029, but ICIS said the rate of increase in collections was slowing and the volume of collected material would need to increase by 7% a year to meet the 2029 target. Petrochemicals Biodegradable Recycling
From Chicago and also Copenhagen arrives the pleasant news that Novo Holdings is making a $72 million investment in LanzaTech’s Series E financing, and Senior Director Anders Bendsen Spohr will join the LanzaTech board. Novo — the parent of both Novo Norsk and Novozymes — is best known for making investments in the therapeutics and pharma side of the bioeconomy.
In this case, the therapy target is the world itself, sick with what you might call a bad case of carbonosis, an excess of atmospheric carbon. The cure? Recycle and re-use available carbon. Think of it, just using every carbon molecule twice is like reducing carbon usage by half. Use carbon a third time, that’s like reducing usage by two-thirds.
The company closes its remaining 284 recycling centers and processing facilities and lays off employees as it files for liquidation.
Ontario, California-based rePlanet LLC, which operated a network of beverage container redemption centers throughout California, ceased operations and closed all of its 284 recycling centers and processing facilities Aug. 5, according to a news release issued that same day by the company. RePlanet also says it terminated its entire workforce, numbering 750 people, throughout the state of California.
“With the continued reduction in state fees, the depressed pricing of recycled aluminum and PET (polyethylene terephthalate) plastic and the rise in operating costs resulting from minimum wage increases and required health and workers compensation insurance, the company has concluded that operation of these recycling centers and supporting operations is no longer sustainable,” the company states in the news release.
–Weekly resin report: PE pricing power currently in hands of buyers
Offers flowed briskly, prices were mixed and completed volumes were average in the spot resin markets last week, according to the PlasticsExchange (Chicago).
The industry seemed to shrug off potential supply disruptions from the fire at ExxonMobil’s huge Baytown petrochemical complex. Dozens of workers were hurt, but thankfully none of the injuries were life-threatening.Petrochemicals Biodegradable Recycling
There is a clear battle going on in the oil market- uncertainty over demand growth versus a constructive supply picture in the near term. But which will prevail? For the remainder of this year, the market should tighten, but moving into 2020 we see a looser balance once again
Constructive in the short term
OPEC+ cuts should do a good job in drawing down global inventories for the remainder of this year. Overall, members have over-complied with the deal, and this is largely due to Saudi Arabia producing more than 500Mbbls/d below their quota level.
UK waste management firm Biffa has been awarded its largest ever Materials Recycling Facility (MRF) contract, worth up to £90 million ($109m), by the North London Waste Authority (NLWA). Petrochemicals Biodegradable Recycling
Biffa has agreed with the NLWA that it will process Dry Mixed Recycling (DMR) from eight out of ten lots in the North London area, which is a total of up to 120,000 tonnes per year. The recycling will be sorted at Biffa’s MRF in Edmonton, North London.
Braskem, America’s largest producer of thermoplastic resins in and the leading producer of biopolymers in the world has announced that it will provide Kautex Maschinenbau, headquartered at Bonn in Germany, one of the world’s leading companies in extrusion blow moulding technology with its innovative bioplastic I’m green™ Polyethylene and PCR for the production of three-layer HDPE bottles with foamed middle layer at K-2019 scheduled for later this year.
Instead of handing them out to the visitors and finally producing waste, the bottles will be handed over to Erema Group for recycling.Petrochemicals Biodegradable Recycling
The deepening trade war between the United States and China could deal a double shock to the fragile oil market.
The tit-for-tat tariffs have already sent crude prices plunging because of fears of a severe global economic slowdown or even recession in the United States that could dent already anemic demand for oil. Petrochemicals Biodegradable Recycling
But there could also be a supply shock coming. Bank of America Merrill Lynch warned that China could retaliate against US tariffs by purchasing vast amounts of oil from Iran in defiance of Washington’s sanctions on the OPEC nation.