Petrochemicals Automotive General news 16-09-2019

Petrochemicals Automotive General news

Polyamide Petrochemical Polymers Prices

Petrochemicals Automotive General news

Crude Oil Prices Trend

Crude Oil Prices Trend

-$100 Oil? Drone Strikes Halt Half Of Saudi Crude Production

Half of Saudi Arabia’s oil production has gone offline following a surprise drone strike.

Drones attacked Abqaiq facility in Saudi Arabia and the Khurais oil field run by Saudi Aramco early Saturday morning, the kingdom’s interior ministry said, sparking a massive fire at a crude processing plant essential to global oil supplies.

The closure will impact nearly 5 million barrels of crude processing per day, affecting 5 percent of the world’s daily oil production.Petrochemicals Automotive General news

-Adipic Acid Market Strong Development By Key Players, Emerging Technology and Future Growth

Adipic acid, also called as hexanedioic acid, is a white crystalline solid that melts at 152°C. It is one of the most important monomers used in the polymer industry. Adipic acid is an organic acid that contains six carbon atoms. It also has two carboxylate groups (–COOH) attached to the terminal carbons in the chain. Since adipic acid contains two carboxylate groups, it is sometimes referred to as a di-acid. All other carbon atoms in adipic acid contain two hydrogen atoms each.Petrochemicals Automotive General news

Petrochemicals Automotive General news

-ALGAE BIOFUELMARKET PIN-POINT ANALYSIS FOR CHANGING COMPETITIVE DYNAMICS

The global quest for greener, renewable alternatives to biofuels has generated a groundswell of interest in third-generation biofuels.

Algae biofuel have emerged as unique promising in this direction as they overcome the drawbacks of crop-based biofuels of the second generation.

Algae biofuels are derived from species such as Botryococcus braunii, Chlorella species, Crypthecodinium cohnii, and Nitzschia species. In recent years, stakeholders and interested investors have poured in tens of thousands of dollars in realizing this potential.

Application of modern biochemical engineering processes has further created a robust technological framework for the same.Petrochemicals Automotive General news

Petrochemicals Automotive General news

-Hormuz crisis threatens Asian imports beyond energy

US-Iran tensions endanger shipments of aluminum and chemicals

Tensions between Iran and the U.S. in the Strait of Hormuz are threatening to spill over beyond energy fields to materials segments such as aluminum and chemicals, with broad implications for countries reliant on the region.Petrochemicals Automotive General news

Since the turn of the century, Middle Eastern countries have been striving to develop non-energy industries to reduce their dependence on crude oil.

The region’s share of global exports of petrochemicals, including ether, has risen to 30%, and the share of aluminum at 16%. Many Japanese companies, in particular, have become more dependent on Middle East-produced materials, and a wide range of non-energy industries could be adversely affected if the antagonism between the U.S. and Iran intensifies.Petrochemicals Automotive General news

Hormuz crisis threatens Asian imports beyond energy

-Indonesian polymer producers tighten domestic grip

Indonesian polymer producers are to tighten their grip on the domestic market next year as they face increasing competition from overseas.

Indonesian polyethylene (PE) and polypropylene (PP) supplies will increase in this year’s final quarter, when domestic producers Chandra Asri and Polytama Propindo debut new capacity.Petrochemicals Automotive General news

Chandra Asri is expected to start up soon its 400,000 t/yr linear low-density polyethylene/high density polyethylene plant at Cilegon. It is on track to expand its current PP production from 480,000 t/yr to 590,000 t/yr in the fourth quarter. Chandra Asri operates Indonesia’s sole petrochemical cracker, which uses naphtha feedstock.

Indonesian polymer producers tighten domestic grip

-We must stop Brexit in any form, councillors tell Jeremy Corbyn

Grassroots leaders call for a decisive stance to stay in EU and deliver a radical new manifesto

Jeremy Corbyn has come under growing internal pressure to commit Labour to a unequivocal policy of remaining in the European Union as more than 100 councillors issued a joint warning to the party’s ruling body that any form of Brexit would threaten jobs, public services, workers’ rights and the environment.

In a letter to the national executive committee (NEC), which meets this week, the Labour councillors, including several leaders of county and borough councils, called on the party “to campaign unambiguously and energetically for a public vote on Brexit and to endorse a ‘remain and transform’ position in all circumstances”. Petrochemicals Automotive General news

We must stop Brexit in any form, councillors tell Jeremy Corbyn Grassroots leaders call for a decisive stance to stay in EU and deliver a

-Amorphous metals combined with polymers for the first time

Engel and Heraeus have reduced cycle times by up to 70 percent compared with previous production solutions for the injection molding of amorphous metals.

In doing so, the two system partners have opened the door to these alloys with truly special qualities entering large-scale production for a wide assortment of end uses.

Engel is presenting the next big step in this development at K 2019.

Two-component parts made of amorphous metal and silicone will be produced for the first time – a process that is taking place in a fully automated manufacturing cell.

Amorphous metals combined with polymers for the first time

-Saudi stock market dives, crude futures to jump after drone attack on oil plants

  • Saudi Arabia’s stock market fell by 2.3% at Sunday’s open as the country grappled with weekend attacks on the heart of its oil production facilities in Abqaiq and Khurais.
  • Abqaiq is the world’s largest oil processing facility and crude oil stabilization plant with a processing capacity of more than 7 million barrels per day.
  • Saturday’s attack is the biggest on oil infrastructure anywhere since Saddam Hussein’s invasion of Kuwait in 1990.

Saudi Arabia’s stock market fell by 2.3% at Sunday’s open as the country grappled with weekend drone attacks on the heart of its oil production facilities in Abqaiq and Khurais claimed by Yemen’s Houthi rebels.

Reports that the country may take weeks to return to full oil supply capacity is set to send crude futures up by as much as $10 per barrel, analysts say, depending on the scale of the damage. Half the country’s oil production was halted due to fire damage but is due to restart on Monday, Saudi energy ministry officials said in a statement.

Saudi stock market dives, crude futures to jump after drone attack on oil plants

-Honeywell Oleflex technology has been selected by Sonatrach total Entreprise Polymères to make propylene in Algeria

Honeywell UOP process technology scores second win in North Africa

Honeywell(NYSE: HON) announced today that Sonatrach Total Entreprise Polymères (STEP) has selected Honeywell UOP’s C3 Oleflex™ technology to produce 565,000 metric tons per year of polymer-grade propylene for a proposed plant in Arzew, Algeria.

In addition to technology licensing, Honeywell is providing the basic engineering design as well as services, equipment, catalysts and adsorbents for the plant. When completed, it will represent UOP’s second C3 Oleflex unit in North Africa, following an earlier award in Egypt.

Honeywell Oleflex technology has been selected by Sonatrach total Entreprise Polymères to make propylene in Algeria

-Attacks In Saudi Arabia Are A Recipe For $100 Oil

This Saturday, Sept. 14, 2019, satellite image provided by NASA Worldview shows fires following Yemen’s Houthi rebels claiming a drone attack on two major oil installations in eastern Saudi Arabia. The drones attacked the world’s largest oil processing facility in Saudi Arabia and a major oilfield operated by Saudi Aramco early Saturday, sparking a huge fire at a processor crucial to global energy supplies. The island shown in the image is Bahrain, while the peninsula in the image is Qatar. (NASA Worldview via AP)

Over the years, I have often been asked about scenarios that could rapidly drive oil prices higher. My response is always that the worst case scenario is an incident that takes a large amount of oil production offline in Saudi Arabia.

Why Saudi Arabia? After all, the U.S., Russia, and Saudi Arabia are the world’s leading oil producers, with each topping 10 million barrels per day (BPD) in 2018.

Attacks In Saudi Arabia Are A Recipe For $100 Oil

-Markische Faser & Kelheim Fibres to develop new products

German speciality manufacturers, Markische Faser and Kelheim Fibres, have joined hands. Under the name ‘Clean Color Concept’, the two renowned fibre producers will offer spun dyed fibres in polyester and in viscose in a coordinated range of colours. Kelheim is a producer of viscose speciality fibres. Markische Faser is a leading plastic company.

Spun dyed fibres have always been an important part of the range of products both of Märkische Faser and of Kelheim. Here, colour pigments are incorporated in the spinning mass before the spinning process and are therefore homogenously distributed in the whole fibre. These fibres, and the final product, offer a particularly high colour and light fastness. The colours do not bleed during washing and they keep their brilliance even after many washing cycles, according to Kelheim. Petrochemicals Automotive General news

Markische Faser & Kelheim Fibres to develop new products

Petrochemicals Automotive General news

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Polyamide Petrochemical Polymers Prices

Polyamide Petrochemical Polymers Prices

Polyamide Petrochemical Polymers Prices

PolyestertimePolyolefins Petrochemical Polymers Nylon
ITEM09/09/201916/09/2019+/-
Bottle grade PET chips domestic market6,850 yuan/ton6,975 yuan/ton+125
Bottle grade PET chips export market870 $/ton885 $/ton+15
Filament grade Semidull chips domestic market

Polyamide Petrochemical Polymers Prices

6,650 yuan/ton6,800 yuan/ton+150
Filament grade Bright chips domestic market6,725 yuan/ton6,925 yuan/ton+200
Pure Terephthalic Acid PTA domestic market5,250 yuan/ton5,240 yuan/ton-10
Pure Terephthalic Acid PTA export market
660$/ton 655 $/ton-5
Monoethyleneglycol MEG domestic market4,830 yuan/ton5,165 yuan/ton+335
Monoethyleneglycol MEG export market560 $/ton603 $/ton+43
Paraxylene PX FOB  Taiwan market780$/ton783 $/ton+3
Paraxylene PX FOB  Korea market761 $/ton764 $/ton+3
Paraxylene PX FOB EU market

Polyamide Petrochemical Polymers Prices

710 $/ton722 $/ton+12
Polyester filament POY 150D/48F domestic market7,770 yuan/ton7,850 yuan/ton
+80
Recycled Polyester filament POY  domestic market7,200 yuan/ton7,300 yuan/ton+100
Polyester filament DTY 150D/48 F domestic market9,200 yuan/ton9,200 yuan/ton
Polyester filament FDY 68D24F domestic market 8,700 yuan/ton8,800 yuan/ton+100
Polyester filament FDY 150D/96F domestic market
Polyamide Petrochemical Polymers Prices
8,000 yuan/ton8,050 yuan/ton+50
Polyester staple fiber 1.4D 38mm domestic market7,250 yuan/ton7,550 yuan/ton+300
Caprolactam CPL domestic market12,350 yuan/ton12,600 yuan/ton
+250
Caprolactam CPL overseas  market1,450 $/ton1,450 $/ton
Nylon6 chips overseas  market1,710 $/ton1,710 $/ton
Nylon6 chips conventional spinning domestic  market13,200 yuan/ton13,400 yuan/ton+200
Nylon6 chips  high speed spinning domestic  market13,200 yuan/ton13,400 yuan/ton+200
Nylon 6.6 chips domestic  market23,000 yuan/ton22,800 yuan/ton-200
Nylon6 Filament POY 86D/24F domestic  market

Polyamide Petrochemical Polymers Prices

15,500 yuan/ton15,600 yuan/ton+100
Nylon6 Filament DTY 70D/24F domestic  market18,100 yuan/ton18,200 yuan/ton+100
Nylon6 Filament FDY  70D/24F  domestic  market16,400 yuan/ton16,400 yuan/ton-100
Spandex 20D  domestic  market36,500 yuan/ton36,500 yuan/ton
Spandex 30D  domestic  market35,000 yuan/ton35,000 yuan/ton
Spandex 40D  domestic  market30,000 yuan/ton30,000 yuan/ton
Adipic Acid domestic market8,300 yuan/ton8,300 yuan/ton
Benzene domestic market5,750 yuan/ton5,950 yuan/ton+200
Benzene overseas  market702 $/ton694 $/ton -8
Ethylene South East market800 $/ton790 $/ton-10
Ethylene NWE  market954 $/ton958 $/ton+4
Acrylonitrile ACN  domestic market12,500 yuan/ton12,500 yuan/ton
Acrylonitrile ACN  overseas market1,650 $/ton1,650 $/ton
Acrylic staple fiber ASF  domestic market15,200 yuan/ton15,200 yuan/ton
Viscose Staple Fiber VSF  domestic market10,700 yuan/ton10,600 yuan/ton-100
PP Powder domestic market8,675 yuan/ton8,800 yuan/ton+125
Naphtha overseas market 

Polyamide Petrochemical Polymers Prices

478 $/ton471 $/ton
-7
Phenol domestic market 7,825 yuan/ton8,275 yuan/ton+450
PS Taiwan 5250 GPPS1,125 $/ton 1,130 $/ton+5
PS Taiwan 8250 HIPS1,230 $/ton 1,255 $/ton+25
LDPE CFR Far East 882 $/ton892 $/ton+10
LLDPE CFR Far East822 $/ton812 $/ton-10
LDPE   FOB Middle East868 $/ton878 $/ton+10
LLDPE FOB Middle East808 $/ton798 $/ton-10
HDPE CFR Far East878 $/ton888 $/ton+10
LDPE FD Northwest Europe 973 €/ton953 €/ton-20
LLDPE FD Northwest Europe 963 €/ton943 €/ton-20
Homopolymer PP CFR Far East960 $/ton970 $/ton+10
Homopolymer PP FD NWE1,051 €/ton1,051 €/ton

Polyamide Petrochemical Polymers Prices

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