Petrochemicals Biodegradable Film BOPET
China – Polyethylene Terephthalate
PET and it’s chain are assessed mixed.
Crude oil price continue to be firm.
Polyamide 6 and its chain are steady.
Acrylonitrile is steady.
PET Bottle grade export 830/890 $/ton – PET Bottle grade domestic market 6,750/6,950 yuan/ton – PET Filament grade SD domestic market 6,600/6,750 yuan/ton – PET Filament grade BR domestic market 6,700/6,850 yuan/ton
PTA Taiwan 695/705 $/ton – PTA domestic market 5,200/5,300 yuan/ton – MEG 530/545 $/ton – MEG domestic market 4,450/4,600 yuan/ton – PX Korea 770/780 $/ton
Polyester POY 150D/48F domestic market 7,750/7,850 yuan/ton – Polyester DTY 150D/48F domestic market 9,100/9,200 yuan/ton – Polyester Staple PSF domestic market 7,200/7,300 yuan/ton
Crude Oil Prices Trend
Aug. 1 kicked off public demonstrations of an effort to sort a variety of resins from loads of material otherwise bound for disposal. The goal is to develop a pool of data that can help guide future industry investments.
The Pacific Northwest Secondary Sorting Demonstration Project is in the middle of its 60-day run, operating in a shuttered recycling center in Portland, Ore. Equipment from Titus MRF Services was transported up from Los Angeles, and the project is currently working through loads of material provided by several materials recovery facilities (MRFs). Petrochemicals Biodegradable Film BOPET
Led by the Plastics Industry Association, the project is also sponsored by the American Chemistry Council (ACC), Americas Styrenics (AmSty), Berry Global, the Carton Council, LyondellBasell, the Metro regional government that covers the Portland metropolitan area, and industrial products manufacturer Milliken.
BOWLING GREEN, Ky. (WBKO) – Tuesday morning Henkel announced a partnership with ALPLA, Inc. to invest over $130 million towards enhancing laundry detergent production at its Bowling Green, KY facility. The investment will be used to build infrastructure, including a new bottle production area onto the Henkel campus, and will increase efficiency, create capacity for growth and drive energy savings. Additionally, ALPLA will hire 60 employees once construction is complete.
Henkel, a global leader in laundry & home care, beauty care and adhesives, is the largest operation in the South Central Kentucky Industrial Park and the largest laundry plant within the company at more than 2 million square feet.
Particles of marine plastic pollution resembling pebbles have been found to be washing up on the UK shores, according to a Science of The Total Environment report.
The report stated that the marine plastic, known as pyroplastic, stems from burning of manufactured plastics and can escape ready detection.
Beachgoers in Cornwall initially discovered the pyroplastics and requested scientists to research the findings. Petrochemicals Biodegradable Film BOPET
Spot resin trading continued to transact at a very swift pace last week: Buyers and sellers came to do business and both sides were willing to bend a bit to complete deals, reports the PlasticsExchange (Chicago) in its Market Update. Prices for nearly all polyethylene (PE) and polypropylene (PP) grades slid a cent, with very sharp pricing again seen for off-grade materials.
Spot domestic demand remained strong and, despite trade wars and geopolitical uncertainty, July PE exports scored a new all-time record high.
In the run-up to K 2019, the European plastics industry faces challenges on several fronts. Overall, the economy is just bumping along; the prolonged exit of the UK from the European Union is creating disquiet; major traditional export markets are wobbling; and hardening attitudes of consumers towards plastics packaging are leading to hasty – some say ill-judged — moves among law makers setting out a path to the Circular Economy. Petrochemicals Biodegradable Film BOPET
The German economy, traditionally the powerhouse of Europe, is in a tense situation, with exports from and imports to the country both falling in recent months. One survey of industry executives indicated that factory activity fell beyond already poor expectations in March. Analysts at consultant IHS Markit concluded that the German manufacturing sector “was clearly in deep recession.”
European monoethylene glycol (MEG) margins and spot prices have been under pressure for the majority of 2019 and it is unclear if any respite is on the horizon.
With lengthy US availability stemming from higher capacities, sources are concerned this will continue to weigh on European import supply.
A watchful eye is also cast over the market in Asia, where prices recovered last week after the delayed implementation of several proposed tariffs on Chinese exports.
A federal agency in Brazil hasfiled a petition against Braskem, seeking billions of dollars in reparations involving damage that the company’s salt mine had caused in the northeastern state of Alagoas. Petrochemicals Biodegradable Film BOPET
Brazil’s Federal Public Ministry (MPF), similar to a department of justice, fileda public civil action, requesting that Braskem should be responsible for societal and environmental damage worth at least real (R)20.5bn ($5.07bn), it said.
The MPF wants the liability to be extended to Braskem’s two major shareholders, construction company Odebrecht and state-energy producer Petrobras.
AIMPLAS, the Plastics Technology Centre, is leading the MICROPLAST project, with the participation of Aguas de Valencia and the Universitat de València.
Funded by the Valencian Innovation Agency (AVI), this project aims to remove microplastics from both urban and industrial wastewater. It will also develop a standardised methodology to obtain homogeneous data on the presence of these particles in different wastewater sources. Petrochemicals Biodegradable Film BOPET