Petrochemicals Automotive PET Packaging 19-09-2019

Petrochemicals Automotive PET Packaging

China – Polyethylene Terephthalate

PET and it’s chain still decrease.

Crude oil price continues to be on the roller coaster owing to drone attack to Arabia .

Polyamide 6 and its chain are in health.

Acrylonitrile is steady.

PET Bottle grade export 825/880 $/ton PET Bottle grade domestic market 6,900/7,000 yuan/ton PET Filament grade SD domestic market 6,750/6,850 yuan/ton – PET Filament grade BR domestic market 6,900/7,000 yuan/ton

PTA Taiwan 655/665 $/ton PTA domestic market 5,000/5,100 yuan/tonMEG  600/610 $/ton – MEG domestic market 5,100/5,200 yuan/tonPX Korea 800/810 $/ton

Polyester POY 150D/48F  domestic market 7,900/8,000  yuan/tonPolyester DTY 150D/48F  domestic market 9,250/9,350  yuan/tonPolyester Staple PSF domestic market 7,600/7,700 yuan/ton

Petrochemicals Automotive PET Packaging

Crude Oil Prices Trend

Crude Oil Prices Trend

-Schoeller Introduces Line of Sustainable, Biodegradable Textiles

The firm’s ProEarth fall collection debuted at Première Vision Paris.

Swiss textile solution provider Schoeller launched its new ProEarth collection of sustainable, biodegradable textiles, which is comprised of Bluesign-approved fabrics made of biodegradable polyester. ProEarth is part of its Schoeller FTC line, which is a joint venture with Taiwanese Formosa Taffeta Co.

Its new collection launched this week at Première Vision Paris. The firm added that the collection will also be shown at the Functional Fabric Fair in Portland, Ore., on Oct. 22 to 23.

Petrochemicals Automotive PET Packaging

-Ascend to launch new polyamide at K 2019

Ascend Performance Materials today announced plans to launch several new specialty polyamides at K 2019 to meet the growing needs of its customers. Among the new products are Vydyne XHT, long-chain polyamides and high-temperature polyamides.

Vydyne XHT, a new portfolio of heat-stabilized polyamide (PA) 66 and copolymers, is capable of withstanding prolonged exposure to temperatures up to 230°C.

Using a combination of unique polymer chemistries and a multi-stage heat stabilization technology, XHT products push the boundaries of temperature resistance without sacrificing the processability, durability and mechanical properties PA  66 is known for.

Petrochemicals Automotive PET Packaging

-Can sustainable be affordable too?

Can sustainable be affordable too?

New Dehi, Sep 18 (IANSlife) Designer Narendra Kumar Ahmed has collaborated with athleisure brand Alcis Sports to launch a new range of sustainable sportswear called “ALCIS X NARI”. Petrochemicals Automotive PET Packaging

“One of the biggest concerns of our times is the environment, and the situation is worsening by the minute. Only that it is being more acutely felt in the West, than it is in India. My “ALCIS X NARI” collection is trying to contribute to the sustainability movement by recycling a waste product and creating something affordable out of it, Ahmed told IANSlife.

Petrochemicals Automotive PET Packaging

-Finalist interviews: Jindal Films talks recyclable mono-materials

One week to go until the live Sustainability Awards 2019 ceremony at FachPack! Join us to discover the worthy winners of the most prestigious sustainability competition for packaging innovation.Petrochemicals Automotive PET Packaging 

In anticipation, we explore the 25 standout solutions that made it to the finals, handpicked by our independent, expert judging panel. Laurent Chantraine, business development manager, flexible packaging, Jindal Films Europe talks about their collaboration with Unilever and Mondi. Their all-PP mono-material pouch solution for dry foods was selected in the ‘Recyclable packaging’ category.

Petrochemicals Automotive PET Packaging

-Spike in MEG and PE prices in Asia following drone attacks

Spot prices of monoethylene glycol (MEG) and polyethylene (PE) have spiked in Asia, following news of the drone attacks on oil facilities in Saudi Arabia over the weekend. These two commodities are the two main chemical exports of the region.

Commenting, Salmon Lee, Wood Mackenzie Head of Polyesters, said: “As of 1900 hours Beijing time on Monday 16th September, spot MEG prices in the key Chinese domestic market have surged to RMB 5,200 and above – a jump of more than RMB 400 compared to last week’s closing numbers.Petrochemicals Automotive PET Packaging 

Petrochemicals Automotive PET Packaging

-LYCRA Company launches autumn denim co-marketing program

The LYCRA Company, owner of LYCRA® brand family of fibers, has launched a global co-branded marketing program to promote denim jeans made with LYCRA® dualFX® technology. Patented LYCRA® dualFX® technology combines two LYCRA® brand stretch fibers to add extra flexibility and bounce back recovery to denim enabling jeans to hold their shape all day, every day.Petrochemicals Automotive PET Packaging 

The program has been developed with Refinery29, a leading global media and entertainment company millennial and Gen Z women.

LYCRA Company launches autumn denim co-marketing program

-California adopts world’s toughest recycled content plastic bottle law

California’s legislature has adopted what may become the world’s toughest plastic bottle recycled content law, exceeding the European Union’s standards, with bottles sold in the state required to have 50 percent recycled plastic by 2030.Petrochemicals Automotive PET Packaging 

But to win passage of the new law — which ramps up with 10 percent recycled content in 2021 and 25 percent in 2025 — legislators included what some described as potentially significant “off ramps” for companies to seek waivers that could limit the law’s impact.

California adopts world's toughest recycled content plastic bottle law

-Reliance Spinning to show yarns with Radianza in Yarn Expo

Thai Acrylic Fibre Co Ltd (TAF) from Aditya Birla Group and Reliance Spinning Mills Ltd, Nepal, have joined hands to develop sustainable and eco-friendly yarns with Radianza fibre. The two companies will display these products in the upcoming Yarn Expo in Intertextile Shanghai from September 25-27, 2019. Radianza is a trademark of Thai Acrylic Fibre.Petrochemicals Automotive PET Packaging 

Reliance Spinning Mills, Nepal is a joint venture of Golyan and Maliram Shivkumar (MS) Group, a high-tech spinning plant producing polyester/viscose blended yarn, 100 per cent acrylic yarn, polyester/acrylic blended yarn, 100 per cent polyester spun yarn, specialty yarn, slub yarns and industrial yarns.

 Reliance Spinning to show yarns with Radianza

-Chemical Firms to improve their profitability in the worldwide financial slowdown

Market watchers said Sunday that South Korea’s main chemical companies are bulking up by incorporating their sophisticated material-producing subsidiaries in a bid to improve their profitability in the worldwide financial slowdown. Reliance Spinning to show yarns with Radianza

Three chemical companies have announced in recent months that they will absorb their wholly-owned subsidiaries to streamline their chemical companies.

Chemical Firms to improve their profitability in the worldwide financial slowdown

-K 2019: Kiefel Packaging showcasing 100% post-consumer recycled PET egg tray

Each year approximately 100 billion USD of plastic packaging material value is lost from the economy. It is not only essential to consider used plastic as resource rather than waste from a sustainability perspective, but also from an economic viewpoint.

Kiefel’s Design for Recycling programme systematically bundles the company’s expertise to rethink the customers’ products. Every detail of the product is re-assessed and rethought together with the customers. The customers are supported in all steps of their product development cycle: From material and product composition, up to the optimal requirements for their tools and thermoforming process.

K 2019: Kiefel Packaging showcasing 100% post-consumer recycled PET egg tray

-Krones inaugurates HUF 15 bln plant in Debrecen

German packaging and bottling machine manufacturer Krones on Wednesday inaugurated a HUF 15 billion factory, its first European plant outside Germany, in Hungaryʼs second city of Debrecen, in the east of the country.

The launch ceremony last summer, attended by Debrecen Mayor László Papp (far left), Pascal Männche, MD of Krones Hungary (second left), and Ralf Goldbrunner (far right), member of the Krones AG Executive Board (photo: Ministry of Foreign Affairs and Trade).

The investment, which is creating 500 jobs, was supported with a HUF 5.5 bln grant from the Hungarian government, Minister of Foreign Affairs and Trade Péter Szijjártó noted at the ceremony.

Krones inaugurates HUF 15 bln plant in Debrecen

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