September contract price of MEG in Europe fell by EUR29 per ton
MOSCOW – The contract price of monoethylene glycol (MEG) for September in Europe was finally agreed at EUR606 per tonne, which is EUR29 per tonne lower than the level of the previous month, ICIS reported.
A minimum configuration of two manufacturers and consumers is required to consider the agreement fully confirmed.P
The MEG contract price for September shipments was agreed on the terms of delivery of FD NWE (with delivery to North-West Europe).
MEG along with terephthalic acid (PTA) is one of the main components for the production of polyethylene terephthalate (PET).
According to ScanPlast of Market Report, in Russia the total estimated consumption of PET in July of this year decreased by 4% compared to the figure a year earlier. In total, according to the results of the seven months of 2019, 428.79 thousand tons of PET were processed in the Russian Federation. Price Monoethylene Glycol Europe
“Spearheading the premium stretch market, Roica partners’ materials elevate new standards for high-tech performance that can enhance cycling products to compete responsibly. Roica partners excite you as they show a fantastic range of stretch essentials for cycling clothing, gear, and apparel that offer solid performance perks,” the company reports. Petrochemicals Automotive Chemicals Fibers
At Première Vision (PV) Paris to be held from September 17-19, Italian Converter, a manufacturer of fabrics for footwear, leather goods, clothing, etc, will celebrate its 25th anniversary and present ECO Kosmos, a cross-collection, a brand-new ‘green line range’ shining a light on the company’s responsible path and unique ‘blend’ for fashion of tomorrow.
‘The soul of sustainable fashion is an alchemy, a combined commitment and an act of responsibility’ –will be the motto embossed in the collections and the values of Italian Converter, according to a press release by the company. The acronym ECO stands for Ecologic, Conversion, Optimisation; three unique concepts and values that truly embody Italian Converter DNA namely sustainability, transformative process and quality improvement. Petrochemicals Automotive Chemicals Fibers
TIPA Corp, a developer of biodegradable packages for the food, drink, and fashion industries, announced the closure of a $25 million funding round by investors including Blue Horizon Ventures, Triodos Organic Growth Fund and existing investors Chestnut and GreenSoil Investments.
TIPA said in a statement that the funding will enable the company to continue its growth, expand its sales in new territories, and further develop its portfolio of unique packaging solutions. Petrochemicals Automotive Chemicals Fibers
In a far-reaching program, plastics and chemicals giant Dow Inc. will work with industrial firm SCG of Thailand on a range of sustainable products.
Products made by the partnership will include recycled resin, recycled products made from plastic waste, petrochemical feedstocks from plastic waste and renewable plastic resins. The agreement was signed Sept. 6 in Bangkok.
FKuR will be showcasing its expanded portfolio of biobased thermoplastics for a growing range applications including packaging, consumer products, sporting goods, and technical parts at K 2019.
Current additions to the portfolio include two glass-reinforced grades with the Bio-Flex and Terralene product family, both with high rigidity, and three Terraprene TPE grades, one of which is characterised by its high bio-content, while the other two are oil-free.
Export polypropylene (PP) prices for September shipments to the CIS markets have fallen, according to the ICIS-MRC Price report.
The reduction follows a decrease in the September propylene contract price which settled down by €50/tonne from the previous month.
All market participants said European producers reduced their export prices of propylene polymers for this month’s shipments, but in some cases, the decrease was less than the cut in European propylene. Petrochemicals Automotive Chemicals Fibers
Deals for September shipments of propylene homopolymers (homopolymer PP) were discussed in the range of €1,005-1,055/tonne FCA (free carrier), down by €30-50/tonne from August.
Deals for block copolymers of propylene (PP block copolymers) were negotiated in the range of €1,090-1,130/tonne FCA, also down by an average of €30-50/tonne.
HTF MI released a new market study on Global PET Resin Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand in depth analysis. “Global PET Resin Market by Type (, Saturated Polyester & Unsaturated Polyester), by End-Users/Application (Packaging, Electronic & Applicance, Medical Device, Construction & Automotive), Industry Size, Organizations, and Region – Forecast and outlook to 2025”. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, focused opinions, details, and industry certified market data. The research study provides estimates for Global PET Resin Forecast till 2025*. Some of the key players profiled are DuPont, Eastman, SK Chemicals, Indorama Ventures, DAK, M&G Chemicals, Far Eastern New Century Corporation, JBF, OCTAL, TEIJIN, Dhunseri Petrochem & Tea, Lotte Chemical, SABIC, Nan Ya Plastics, Petroquimica Suape, KoKsan, EIPET, Selenis, NEO GROUP, Zhejiang Hengyi, Sinopec Yizheng Chemical Fibre, Sanfangxiang Group, Since CR Chemicals, Rongsheng petrochemical, Wankai New Materials, Far Eastern Industry, Zhenbang Fibre & Thai PET Resin Co., Ltd. etc.
It’s not a secret: OPEC has painted itself into a corner by relying exclusively on supply control to be able to manipulate international oil prices in a way that is favorable for its members. Right now, prices are depressed and that has nothing to do with supply. Could OPEC’s grip on oil prices be slipping irreparably? Petrochemicals Automotive Chemicals Fibers
When OPEC first announced that its members had agreed to put a cap on their production to reverse a steep drop in prices, it worked. Prices had been pushed to lows last seen more than a decade ago by the U.S. shale boom and OPEC’s own attempt to halt it by turning the taps on to maximum flow. When OPEC said it would reduce this flow, prices rebounded, providing much-needed relief to oil-reliant economies in the Gulf—it also provided relief to oil producers around the world, including the U.S. shale patch.
“Organic cotton is a fundamental first step, but for us it wasn’t enough,” said Argirios Sarridis, Managing Director of Varvaressos. “As a true master in smart cotton science, the company has raised the bar by augmenting the skills and heritage of local farmers and businesses.” Petrochemicals Automotive Chemicals Fibers
While suggesting a permanent solution to environmental degradation caused by the use of plastics, Union minister Ram Vilas Paswan said that plastic should be banned and replaced and recycling is not a permanent solution to the problem.
Ram Vilas Paswan holds the Ministry of Consumer Affairs, Food and Public Distribution in the Narendra Modi cabinet.
Union minister Ram Vilas Paswan met key stakeholders from Plastic bottle industry and senior government officials from various ministries on Monday to find suitable alternatives for single-use plastic.
During the meeting, various alternatives to plastics were discussed including Glass, Metal, Paper and Natural Polymers.
The proposed 50,000-square-foot facility will add about 30 million pounds of production capacity to the Montreal-based packaging supplier’s product lines.
Polykar, a Montreal-based manufacturer of flexible packaging, is planning to build a new manufacturing facility in Edmonton, Alta.
The company – which makes polyethylene film, certified compostable bags, garbage bags as well as food and industrial grade liners – announced on Sept. 9 that it has acquired a site to construct a new state-of-the-art plant in Edmonton. This second facility will add approximately 30 million pounds of production capacity to all of Polykar’s product lines and expand the company’s reach and expertise to serve the retail, commercial, and institutional sectors.