Petrochemical PET Bottles PEF News 11-11-2019

Petrochemical PET Bottles PEF

Petrochemical Polymers PET Plastic Prices

Petrochemical PET Bottles PEF

Crude Oil Prices Trend

Crude Oil Prices Trend

-Recycling technologies that add value to waste

India generates close to 410mt of plastic waste every year. At the IFCA conference, Kelvin Davies, Australian project manager at Nextek Technologies discussed the recycling problem in-depth. He presented strategies for ensuring that a recycled product has an upscale value, which is vital to achieve a circular economy Petrochemical PET Bottles PEF

When you crunch the numbers you realise India is producing far more packaging than we are recycling. This is not an issue with India. It is a global issue and each geography has its own unique challenges.

Petrochemical PET Bottles PEF

-Brazil Braskem mulls new renewable ethylene, PE capacity

Braskem is considering expanding its production of renewable ethylene and polyethylene (PE), with a a final investment decision (FID) possible in the first half of 2020, an executive said on Friday.Petrochemical PET Bottles PEF

The expansion would most likely be in Brazil, and Braskem is considering it because of rising demand for renewable PE, mainly from Europe and Asia, particularly Japan, said Edison Terra, vice president of Braskem’s business unit for polyolefins, renewables and Europe.

Petrochemical PET Bottles PEF

-From Ecomondo a message for the sustainability that will come

( Italian Language Only)

1300 companies occupied all the space available at the Rimini Fair (129 thousand square meters) and animated what is now recognized as an indispensable reference for all those who in some way deal with the circular economy: Ecomondo, organized by the Italian Exhibition Group.Petrochemical PET Bottles PEF

“This is the most important fair in the world for the green economy – it was the definition of Environment Minister Sergio Costa – and in our country there are technological excellence and useful knowledge to change behavior and processes”.

It was not easy for the 520 Italian and foreign accredited journalists to follow the many (too many) events organized in the four days of Rimini.

Petrochemical PET Bottles PEF

-Xtreme Renew awarded at Ecomondo 

(Italian Language Only)

Sustainable Development Award in Sipa for the production of preforms starting from flakes of post-consumer PET. Petrochemical PET Bottles PEF
Zoppas: “no to the plastic tax, yes to incentives for recycled products”.

The Xtreme Renew technology developed by Sipa (Zoppas Industries) to produce in an integrated cycle preforms for bottles entirely in recycled PET starting from post-consumer flakes received the Rimini Sustainable Development Award 2019 in the “circular economy” category at Ecomondo. “.

Petrochemical PET Bottles PEF

-Iran discovers new oil field with 50 billion barrels of crude

Iran’s president has described a massive find in the oil-rich Khuzestan province. But sanctions against Iranian oil could make it difficult for the oil to find its way to international markets.

Iranian President Hassan Rouhani on Sunday said a new oil field was discovered in the Khuzestan province.Petrochemical PET Bottles PEF

He said the new field has more than 50 billion barrels of crude oil, which would boost the country’s proven reserves by a third.

“I am telling the White House that in the days when you sanctioned the sale of Iranian oil, the country’s workers and engineers were able to discover 53 billion barrels of oil,” Rouhani said. “This is a small gift by the government to the people of Iran.”

Petrochemical PET Bottles PEF

-Oil market to be oversupplied in next 4 yrs

MORE bad news is emerging for the oil organization, as more oil has been pouring from different unconventional sources far away from the troubled waters.

This time it is not the USA shale oil but oil from Brazil, Canada, Guyana and Norway. All the four countries are expected to bring more than five million barrels of oil in the next four years.Petrochemical PET Bottles PEF

OPEC will end up losing its global share of 35 million barrels to less than 29 million barrels or may be less. This is after the absence of Iran and Venezuela, which have been forced to cut down their production. Iraq at the same time has been pushing for 4.9 million barrels, and is currently close to 4.7 million barrels per day.

Oil market to be oversupplied in next 4 yrs

-Starlinger “circular packaging” at K 2019: a closed loop for big bags made from polypropylene fabric

At K 2019, Starlinger presents a closed loop system for big bags made from woven polypropylene. The sustainable concept “circular packaging” will be Starlinger’s main theme at the K show 2019 as well as at the Starlinger Open House in Weissenbach/Austria.Petrochemical PET Bottles PEF

Worldwide, more than 380 million 4-loop big bags (called FIBCs in specialist vocabulary – Flexible Intermediate Bulk Containers) are sold every year; this equals an annual recycling potential of approx. 800,000 tons of material. To turn big bags into big bags once more, the Austrian Starlinger & Co. GmbH has now developed the concept “circular packaging” for big bags made from polypropylene fabric; the well-known FIBC expert Dr. Amir Samadijavan acted as consultant for this project.

Starlinger “circular packaging” at K 2019: a closed loop for big bags made from polypropylene fabric

-Kordsa partners with University of Sheffield research center

Kordsa, the University of Sheffield and Sabancı University will collaborate on advanced composites research for aerospace and automotive applications.

Kordsa (Istanbul, Turkey) has partnered with the University of Sheffield Advanced Manufacturing Research Centre (AMRC, Sheffield, U.K.) for the development of new advanced composite technologies for the aviation and automotive markets.

The collaboration is part of a business strategy to position Kordsa, known for supplying cord products for the global tire market, in the composites technology space.

Kordsa partners with University of Sheffield research center

-Asia PX 2020 proposed term contract formula changes; more weightage on ICIS

Several major paraxylene (PX) producers in northeast Asia including Japan’s JXTG Nippon Oil & Energy have recently made offers indicating a change in their pricing formulas for 2020 term contracts to include a higher weightage of ICIS spot assessments in negotiations.Petrochemical PET Bottles PEF

JXTG Nippon Oil & Energy offered its term supplies for next year on a 50% ICIS, 50% Argus CFR (cost & freight) CMP (China Main Ports) basis.

It previously based 50% of its pricing on Platts, 25% on ICIS and 25% on Argus weighting.

Asia PX 2020 proposed term contract formula changes; more weightage on ICIS

-Europe PE spot prices down as US traders step in with lower numbers

-Europe polyethylene (PE) spot prices are under downward pressure again, and new competition from US traders is exacerbating the situation, according to local sellers.

Three new US-based traders are said to be offering large volumes of low-priced product to many players across Europe.

“It looks like they’ve bought a directory and are approaching all the buyers,” said one source. Petrochemical PET Bottles PEF

It is this scattershot approach that is sending shock-waves through the market, as it is very hard to define how much material is actually being offered.

Europe PE spot prices down as US traders step in with lower numbers

-Enzymes to reduce emissions from the textile industry

The dyeing of textiles has a major negative impact on the environment. Now, a new method for degrading the dyes and purifying the waste water has been developed at the University of Borås, Borås/Sweden.

In the dyeing process, the excess dyes and chemicals are flushed out with the waste water. In her research project, doctoral student Petrochemical PET Bottles PEF

May Kahoush has investigated 3 different methods, all of which facilitate a solution that benefits both the environment and the textile industry by reducing the consumption of water and energy, as well as the emission of hazardous chemicals. In an attempt to solve this problem, enzymes are used to initiate a degradation process of dyes and other chemicals.

Enzymes to reduce emissions from the textile industry

Petrochemical PET Bottles PE

Petrochemical Thermoplastics PEF News 08-11-2019

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Petrochemical Polymers PET Plastic Prices

Petrochemical Polymers PET Plastic

Petrochemical Polymers PET Plastic

PolyestertimePolyolefins Petrochemical Polymers Nylon
Bottle grade PET chips domestic market6,500 yuan/ton6,400 yuan/ton-100
Bottle grade PET chips export market830 $/ton830 $/ton
Filament grade Semidull chips domestic market

Petrochemical Polymers PET Plastic

6,100 yuan/ton5,950 yuan/ton-150
Filament grade Bright chips domestic market6,200 yuan/ton6,075 yuan/ton-125
Pure Terephthalic Acid PTA domestic market4,850 yuan/ton4,700 yuan/ton-150
Pure Terephthalic Acid PTA export market
615 $/ton 610 $/ton-5
Monoethyleneglycol MEG domestic market4,605 yuan/ton4,515 yuan/ton-90
Monoethyleneglycol MEG export market542 $/ton535 $/ton-7
Paraxylene PX FOB  Taiwan market785 $/ton786  $/ton+1
Paraxylene PX FOB  Korea market765 $/ton766 $/ton+1
Paraxylene PX FOB EU market

Petrochemical Polymers PET Plastic

705 $/ton705 $/ton
Polyester filament POY 150D/48F domestic market6,920 yuan/ton6,810 yuan/ton
Recycled Polyester filament POY  domestic market6,850 yuan/ton6,750 yuan/ton-100
Polyester filament DTY 150D/48 F domestic market8,670 yuan/ton8,600 yuan/ton-70
Polyester filament FDY 68D24F domestic market 7,850 yuan/ton7,650 yuan/ton-200
Polyester filament FDY 150D/96F domestic market
Petrochemical Polymers PET Plastic
7,250 yuan/ton7,070 yuan/ton-180
Polyester staple fiber 1.4D 38mm domestic market6,930 yuan/ton6,800 yuan/ton-130
Caprolactam CPL domestic market11,400 yuan/ton11,150 yuan/ton
Caprolactam CPL overseas  market1,330 $/ton1,300 $/ton-30
Nylon6 chips overseas  market1,660 $/ton1,630 $/ton-30
Nylon6 chips conventional spinning domestic  market12,550 yuan/ton12,300 yuan/ton-250
Nylon6 chips  high speed spinning domestic  market12,750 yuan/ton12,450 yuan/ton-300
Nylon 6.6 chips domestic  market22,700 yuan/ton22,600 yuan/ton-100
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Polymers PET Plastic

15,100 yuan/ton14,750 yuan/ton-350
Nylon6 Filament DTY 70D/24F domestic  market17,700 yuan/ton17,400 yuan/ton-300
Nylon6 Filament FDY  70D/24F  domestic  market16,000 yuan/ton15,650 yuan/ton-350
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/ton29,500 yuan/ton-500
Adipic Acid domestic market7,900 yuan/ton7,900 yuan/ton
Benzene domestic market5,200 yuan/ton5,300 yuan/ton+100
Benzene overseas  market617 $/ton629 $/ton -12
Ethylene South East market770 $/ton800 $/ton+30
Ethylene NWE  market868 $/ton831 $/ton-37
Acrylonitrile ACN  domestic market10,600 yuan/ton10,600 yuan/ton
Acrylonitrile ACN  overseas market1,500 $/ton1,500 $/ton
Acrylic staple fiber ASF  domestic market15,200 yuan/ton15,200 yuan/ton
Viscose Staple Fiber VSF  domestic market10,600 yuan/ton10,500 yuan/ton-100
PP Powder domestic market8,300 yuan/ton8,000 yuan/ton-300
Naphtha overseas market 

Petrochemical Polymers PET Plastic

512 $/ton520 $/ton
Phenol domestic market 7,550 yuan/ton7,550 yuan/ton
PS Taiwan 5250 GPPS1,076 $/ton 1,078 $/ton+2
PS Taiwan 8250 HIPS1,205 $/ton 1,195 $/ton-10
LDPE CFR Far East 902 $/ton882 $/ton-20
LLDPE CFR Far East852 $/ton822 $/ton-30
LDPE   FOB Middle East890 $/ton870 $/ton-20
LLDPE FOB Middle East840 $/ton810 $/ton-30
HDPE CFR Far East850 $/ton820 $/ton-30
LDPE FD Northwest Europe 953 €/ton933 €/ton-20
LLDPE FD Northwest Europe 943 €/ton923 €/ton-20
Homopolymer PP CFR Far East981 $/ton960 $/ton-21
Homopolymer PP FD NWE1,001 €/ton1,001 €/ton

Petrochemical Polymers PET Plastic

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