Petrochemical Polyolefins Carbon Fibre
China – Polyethylene Terephthalate
PET and its chain are steady,but in health.
Crude oil price continues to be good health.
Polyamide 6 and its chain are weak.
Acrylonitrile is steady.
PET Bottle grade export 800/845 $/ton – PET Bottle grade domestic market 6,550/6,650 yuan/ton – PET Filament grade SD domestic market 6,050/6,200 yuan/ton – PET Filament grade BR domestic market 6,150/6,300 yuan/ton
PTA Taiwan 615/625 $/ton – PTA domestic market 4,900/5,000 yuan/ton – MEG 545/555 $/ton – MEG domestic market 4,600/4,700 yuan/ton – PX Korea 770/780 $/ton.
Polyester POY 150D/48F domestic market 7,100/7,200 yuan/ton – Polyester DTY 150D/48F domestic market 8,700/8,800 yuan/ton – Polyester Staple PSF domestic market 7,000/7,100 yuan/ton
Crude Oil Prices Trend
Two-thirds of organizations plan to deploy 5G by 2020, with operational efficiency seen as the key benefit.
As the 5G mobile broadband standard begins to roll out in cities across the world, supply chain and logistics managers who don’t have a strategy already may be behind the curve.
Experts expect the impact of 5G to be felt across the logistics industry, from vehicle-to-vehicle communication to tracking items as small as microchips. In the warehouse, pickers may be guided by augmented reality applications that lead them to the correct bin.
During a meeting held in Düsseldorf at the K trade show, the three Presidents of the European plastics industry associations, Renato Zelcher (European Plastics Converters), Javier Constante (PlasticsEurope) and Ton Emans (Plastic Recyclers Europe), agreed to oppose the Italian Government’s tax proposal of 1000 € per ton of plastic packaging.
The proposed ‘Plastics Packaging Tax’ is likely to have a negative impact on the local market, in terms of job losses and consumers being negatively affected by such a regressive tax.
Called BP Infinia, the technology enables PET plastic waste which is either considered low value or is not detected in traditional recycling facilities due to its colour to be recycled.
BP claims this focus could be particularly useful in diverting plastic bottles and trays from landfill and incineration.
Of the 27 million tonnes of PET used annually in beverage and rigid food packaging, 23 million tonnes is used in bottles, and less than 60% of those bottles, by weight, are recycled.
The global Biaxially Oriented Polypropylene (BOPP) film market has seen demand grow by just under 5 per cent per annum over the last five years, reports Wood Mackenzie in a recent report. The main driver of growth has been the demand for flexible packaging, particularly in China and South East Asia.
The BOPP film industry, worth in the region of $15 billion, delivered more than 8.4 million tonnes in 2018. The global market is currently well supplied, dominated by China and the growing influence of Indian-owned producers who continue to expand their operations globally.
During a meeting held at K 2019, the three Presidents of the European plastics industry associations, Renato Zelcher (European Plastics Converters), Javier Constante (PlasticsEurope) and Ton Emans (Plastic Recyclers Europe), agreed to oppose the Italian Government’s tax proposal of €1,000 ($1,110) per tonne of plastics packaging.
The proposed ‘Plastics Packaging Tax’ is likely to have a negative impact on the local market, say the associations, in terms of job losses and consumers being negatively affected by such a regressive tax.
The soft drink giant’s CEO James Quincey is encouraging a two-pronged approach to sustainable packaging that includes both zero waste and reducing companies’ carbon emissions.
Coca-Cola’s CEO James Quincey is launching a call to arms to “reframe the plastic problem” away from just focusing on cutting use of plastic to thinking more about how to create a circular economy.
Activity in Asia’s acrylonitrile-butadiene-styrene (ABS) market remained slow with players in a cautious mode as the US-China trade war continued to weigh on sentiment.
Qingdao port in Shandong province, China (Photo by Sipa Asia/Shutterstock)
ABS trade in China has remained muted after its week-long National Day holidays in early October, with users and traders mostly keeping lean resin stocks.
Spot activity tapered off on slack demand, while the thin trade has resulted in relatively stable prices.
Lengthy European polyethylene (PE) supply is dominating sentiment as imports are offered on a widespread basis.
“Warehouses are full everywhere, and there’s more to come,” said a trader.
Buyers were treading the halls looking for good 2020 deals, but one European producer at least was offering rollover conditions for 2020 contracted business.
“Imports from the US are not regular enough yet to affect contracted business,” said one.
Talga Resources has executed a graphene joint development agreement with a Swedish-based sustainable packaging company
Both companies will develop an improved technology that incorporates Talga’s graphene product into sustainable, ‘no-plastic’ packaging
Packaging is a high-volume application where graphene can make a material impact to performance and recycling
Talga Resources’ shares are up a healthy 10.2 per cent and trading at 54 cents apiece
Talga Resources has signed a deal with BillerudKorsnäs, a Swedish-based packaging company.
This agreement follows successful test work completed regarding Talga’s graphene product, Talphene. Talphene was used in BillerudKorsnäs’ fibre and board packaging products.
Reutlingen – Flat knitting machine builder Stoll will be exhibit at next month’s Techtextil India exhibition, the region’s leading international trade fair for technical textiles and nonwovens.
The exhibition is highly regarded as a key marketplace to develop new ideas, strengthen existing consumer relations and gain new business relationships.
India, in particular is demonstrating an increasing demand for footwear and medical technology applications, Stoll’s solutions for which include its TT sport and TT med technologies respectively.
Petrochemical Polyolefins Carbon Fibre