Petrochemicals Preforms Smart Plastic
China – Polyethylene Terephthalate
PET and it’s chain are weak.
Crude oil price is weak.
Polyamide 6 and its chain are steady.
Acrylonitrile is steady.
PET Bottle grade export 800/860 $/ton – PET Bottle grade domestic market 6,650/6,800 yuan/ton – PET Filament grade SD domestic market 6,450/6,600 yuan/ton – PET Filament grade BR domestic market 6,600/6,700 yuan/ton
PTA Taiwan 660/680 $/ton – PTA domestic market 5,050/5,150 yuan/ton – MEG 535/545 $/ton – MEG domestic market 4,550/4,650 yuan/ton – PX Korea 755/765 $/ton
Polyester POY 150D/48F domestic market 7,550/7,650 yuan/ton – Polyester DTY 150D/48F domestic market 9,050/9,150 yuan/ton – Polyester Staple PSF domestic market 7,100/7,200 yuan/ton
Crude Oil Prices Trend
The success of China’s economy over the past decade has sent wages soaring and made it difficult for the country’s textiles manufacturers to find and retain trained machine operators, while operating in a highly competitive market where optimised production and full resource efficiency are of paramount importance.
In direct response to this situation, Monforts has introduced a range of new Industry 4.0 technologies aimed at simplifying machine operation while providing easy access to all data and instant or remote assistance.
Shares of petrochemical companies in Asia were mostly lower on Monday after the US and China implemented their latest round of tariffs in their tit-for-tat trade war.
In South Korea, LG Chem fell by 3.03% while Lotte Chemical dropped 2.22% as the Korea Stock Exchange KOSPI index inched up by 0.02%.
In Hong Kong, Sinopec Shanghai Petrochemical was 0.44% lower while PetroChina was down by 0.26% as the benchmark Hang Seng Index was down by 0.46%.
Brent crude was trading 30 cents lower at $58.95/bbl, while US WTI was down by 8 cents at $55.02/bbl. Petrochemicals Preforms Smart Plastic
Korea’s Hyosung plans to invest around $825 million by 2028 in its carbon fibers business by 2028 to expand its production capacity from the current 2,000 tonnes/yr (one line) to 24,000 tonnes/yr (10 lines). The investment will become world’s single-largest carbon fiber factory.
Work for the first round of expansion is underway that will add 2,000 tonnes/yr of capacity by January 2020. The new line will be onstream in February 2020.
If 10 more lines are installed by 2028, Hyosung’s ranking in terms of global market share will rise from 11th (2 percent) as of 2019 to third (10 percent).
Toray Industries, Inc., announced today that five subsidiaries will take part in Composite Europe 2019 , the 14th European Trade Fair & Forum for Composites, Technology and Applications. This event will be at Messe Stuttgart in Germany from Tuesday, September 10, through Thursday, September 12. Petrochemicals Preforms Smart Plastic
The Toray Group booth location will be 7C35. Carbon fiber and composite materials subsidiaries Toray Carbon Fibers Europe , Zoltek , Composite Materials (Italy) , Delta-Preg , and Toray Advanced Composites will for the first time collectively showcase integrated solutions from diverse product lineups leveraging the Group’s comprehensive materials and process technology capabilities.
Global demand for PET bottles is on the rise according to a report by analyst Wood Mackenzie. The report also predicts a six-fold increase in demand for recycled PET (rPET) in Europe by 2030. Petrochemicals Preforms Smart Plastic
“PET bottle consumption is increasing,” said Pieterjan Van Uytvanck, principal analyst at Wood Mackenzie. “As shown in our report on the EU’s single use plastics directive, in Europe it’s now around 140 units per person, per year. In the US it’s 290 units… Healthy living is one important driver. Put simply, people are choosing a bottle of water over a can of fizzy drink.”
The report’s findings come despite the global demonisation of plastics. Wood Mackenzie acknowledges that plastics pollution is an important problem and that the single-use plastics water bottle has become ‘a powerful symbol at the heart of the sustainability debate’.
Plastic processing giant ILIP has committed to reducing the use of plastic materials, and limiting food waste and protecting food all along the supply chain.
It is aiming to recover post-consumer plastic raw materials and transforming them into new packaging in r-PET, producing packaging that is 100% recycled PET and managing the entire supply chain to create a virtuous system of circular economy.
The company has closed its r-PET production cycle, for total control over the supply chain and the origin of the materials used.
It also uses a variety of materials from PLA to bioplastics, such as Mater-Bi by Novamont. Petrochemicals Preforms Smart Plastic
China is looking to increase its natural gas production, especially shale gas output, to reduce its import dependence while demand continues to grow in the foreseeable future, a government research report says, as carried by Reuters.
Increasing conventional and unconventional natural gas production would be crucial for China to meet soaring demand while trying to cut the share of gas imports at the same time, according to the report prepared by the oil and gas department at the National Energy Administration (NEA) and a research arm of the State Council of China.
Japanese group Teijin has acquired the Czech automotive composite and component supplier Benet.
Teijin will benefit from Benet’s automotive composite technologies that will serve as a solid foundation on which to further strengthen Teijin’s solution development capabilities as a component supply partner of automotive original equipment manufacturer (OEM) customers in Europe. Petrochemicals Preforms Smart Plastic
“We are growing our automotive composites business with our proprietary lightweight, high-performance materials, and superior multi-material design capabilities served by our hubs in Europe, North America and Asia,” said Akio Nakaishi, general manager of Teijin’s composites business unit.
WWF has established water stewardship projects in several countries, including India, China, Vietnam and Turkey, with the support of international brands and local partners. The initiative on water stewardship in the textile sector has been on since 2011. The aim is to improve freshwater ecosystems and water governance in key basins for healthy living.
WWF’s work in India’s Noyyal-Bhavani basin was launched in 2018. The Noyyal and Bhavani sub-basins are critical for the water security of the region and home to unique wildlife. As the rivers continue downstream, they plan important role in the agricultural and industrial economy of the region. Petrochemicals Preforms Smart Plastic