Monoethylene Glycol MEG Europe contract prices

Monoethylene Glycol MEG Europe

October MEG price in Europe agreed at EUR26 per tonne higher than September

Monoethylene Glycol MEG Europe

MOSCOW – The contract price of monoethylene glycol (MEG) for October in Europe was finally agreed at EUR632 per tonne, which is EUR26 per tonne higher than the previous month, ICIS reported citing confirmation from the second buyer and second seller.

The MEG contract price for October shipments was agreed on terms of delivery of FD NWE (with delivery to North-West Europe) with a significant delay, i.e. a few weeks after the first approval.

Thus, the necessary configuration was achieved for approving the contract price: confirmation was received from two manufacturers / sellers and two consumers / buyers.

Also, along with the final approval of the contract price for October, the initial contract price of the MEG for November deliveries in Europe was agreed.

It should be noted that in the current year, the monthly monthly final approval of MEG contract prices for the most part of the year was delayed, only a few months were approved on time.Monoethylene Glycol MEG Europe

MEG along with terephthalic acid (TFA) is one of the main components for the production of polyethylene terephthalate (PET). Monoethylene Glycol MEG Europe

According to the ICIS-MRC Price Survey , the cost of PET granulate in China will continue to put downward pressure on Russian material prices by the end of the year.

Prices in the region have already reached levels that are only USD30-50 per tonne higher than the minimum prices for the previous 10 years.

Against this background, a further decrease in the cost of Russian granulate for contract buyers in December by about 3 thousand rubles is expected. per ton. This month, formula prices are in the range of 75,000-78,000 rubles. per tonne, CPT Moscow, including VAT.

mrcplast.ru

Author:Margarita Volkova

Monoethylene Glycol MEG Europe

Petrochemical PET Resin ACN News 21-11-2019

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Tarkett Aquafil closeloop carpet circular economy

Tarkett Aquafil closeloop carpet

Tarkett and Aquafil close the loop on carpet tiles: a key step towards circular economy

Tarkett Aquafil closeloop carpet

Tarkett today announces that it is closing the loop on commercial carpet tiles in Europe thanks to a pioneering partnership with Aquafil.

This is the result of an intensive collaboration over recent years, going beyond the traditional customer and supplier relationship. Tarkett Aquafil closeloop carpet 

The two companies present today this significant step towards circular economy at Tarkett’s carpet tile facility in Waalwijk, the Netherlands. Its unique recycling center creates two streams of materials that can be recycled and transformed into high-quality resources for new products.

Tarkett Aquafil closeloop carpet

Tarkett has developed breakthrough technology at its Waalwijk facility and is now able to separate the two principal components of carpet tiles – yarn and backing, while retaining more than 95% yarn purity. Tarkett Aquafil closeloop carpet 

This level of purity is vital in ensuring that the polyamide 6 (PA6) yarn can be recycled by Aquafil and later transformed into regenerated ECONYL® nylon yarn.

Tarkett Aquafil closeloop carpet

In addition, Tarkett has increased its capacity in Waalwijk to produce its EcoBase carpet tile backing to meet customers’ growing demand for this sustainable product.

Available since 2010, EcoBase has been designed for disassembly from the outset.

Overall, 100% of an EcoBase-backed carpet tile with PA6 yarn is recyclable. The PA6 yarn and backing are recycled without loss of quality; used yarn becomes new yarn and used backing new backing. Tarkett Aquafil closeloop carpet 

Recycling EcoBase-backed carpet tiles with ECONYL® yarn delivers up to 84% CO2 savings compared to incineration.

Tarkett has invested approximatively 15 million euros on this whole set of initiatives aimed at closing the loop on carpet tiles in Europe.

Technological innovation now makes it possible to multiply the life cycles of building materials. Together with Aquafil, we are accelerating our circular economy journey and leading our industry’s progress in carpet recycling,” says Fabrice Barthélemy, Tarkett’s CEO. “This is a fundamental step forward in maximising the value of materials and preventing carpet tiles from being incinerated or sent to landfill. Truly closing the loop on flooring is a key driver of Tarkett’s strategy to preserve natural resources and protect the environment.Tarkett Aquafil closeloop carpet 

Giulio Bonazzi, Aquafil’s CEO, comments: “We are delighted to help Tarkett with the last mile of its journey to close the loop on carpet tile production. We must urgently transform the way products are designed, produced and consumed. Through our collaboration with Tarkett, we will strengthen our commitment to realising this vision by increasing the reutilisation of yarns and helping to design out waste.”

Aquafil Chairman Giulio Bonazzi

Tarkett has sourced PA6 and ECONYL® nylon yarn from Aquafil for more than a decade and uses ECONYL® in its Desso AirMaster carpet tiles, for example. Now, the partnership is going full circle, with Aquafil sourcing post-use PA6 yarn from Tarkett to create its regenerated ECONYL® yarn.  Tarkett Aquafil closeloop carpet 

Closing the loop is a collaborative endeavour and we invite our customers to join us in making this journey together through our ReStart® flooring take-back and recycling programme,” concludes Fabrice Barthélemy. “The construction and renovation sector is undergoing a major transformation. Tarkett is playing an active role in this unprecedented mobilization of innovative players committed to reducing the carbon footprint of building materials and to extending their lifespan. In working with us, our customers have the opportunity to make the right choices to create sustainable buildings and spaces for future generations.”

Tarkett is the only carpet-maker in Europe to have verified evidence of closing the loop on carpet tile production, as documented by the Environmental Product Declarations (EPDs) for EcoBase-backed tiles. This change of scale in flooring will also be amplified in Europe with the development of a European Green Deal by the European Commission that promotes recycling channels and encourages the use of sustainable materials, accelerating the shift to the circular economy.  Tarkett Aquafil closeloop carpet 

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Grodno Azot polyamide production October

Grodno Azot polyamide production

Grodno Azot reduces polyamide production in October by 22.8%

Grodno Azot polyamide production

MOSCOW- Grodno Azot (Grodno, Republic of Belarus), including PTC Khimvolokno, in October 2019, the company reduced production by 24% compared to the same period in 2018, the company website says. .

Commodity production for the reporting period was released in the amount of 130 178 thousand Belarusian rubles. Grodno Azot polyamide production

For ten months of this year, the company reduced production by 0.9%, which amounted to 1,349,850 thousand Belarusian rubles.

Compared to October last year, caprolactam production decreased by 16.3%, amounting to 7,904.8 tons.

Since the beginning of the year, 92,309.6 tons of products have been produced (compared with January-October 2018, the figure decreased by 8.6%).

The production of fibers and chemical threads in October of this year compared to last year’s similar reporting period decreased by 14.1%, amounting to 3,429 tons.

The increase for January-October 2019 compared to the same period last year amounted to 0.6%, in just ten months of this year 35 715 tons were produced.

In October, the cord fabric production continued to decline by 19.1%, a total of 2 179 thousand linear meters were accumulated. Grodno Azot polyamide production

In just ten months, 22 105 thousand metric units were produced (-21.8% compared with January-October 2018).

Primary polyamide production in October decreased by 22.8%, amounting to 7,433 tons. In January – October, 85 609 tons were produced, a decrease of 7.8% compared with last year. The output of other polyamides in the reporting month increased by 0.5% compared to October 2018 and amounted to 1 201 tons. In just ten months, 10,863 tons were produced (+ 1% compared to January-October 2018).

Earlier it was reported that Grodno Azot is the largest consumer of benzene in Belarus.

In Russia, the largest recipient of imported benzene is KuibyshevAzot. Benzene is used as a raw material for the production of caprolactam, which is produced by Grodno Azot and KuibyshevAzot.

Recently, the Naftan company (Novopolotsk, Vitebsk region, Republic of Belarus) concluded a one-time deal with the Russian company KuibyshevAzot for the supply of 2 thousand tons of benzene; regular deliveries are not planned.

As previously reported , Grodno Azot is preparing to implement a large-scale investment project for the construction of a new nitrogen complex worth about USD1.3 billion. The annual ammonia production capacity will be 875 thousand tons, urea – 1 million 225 thousand tons, hydrogen – 200 million cubic meters. . m. Putting the complex into operation is planned at the end of 2024.Grodno Azot polyamide production

Grodno Azot is an open joint stock company, a Belarusian state company, a manufacturer of nitrogen compounds and fertilizers. In August 2000, the Grodno Production Association “Azot” was transformed into the Grodno Production Republican Unitary Enterprise “GPO Azot”, and in 2002 – into the open joint-stock company “Grodno Azot”.

mrcplast.ru

Author: Anna Larionova

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US polyethylene terephthalate PET contract prices

US polyethylene terephthalate PET

Polyethylene Terephthalate (PET) in the US in November fell by USD66 per ton

US polyethylene terephthalate PET

MOSCOW – The contract prices of polyethylene terephthalate (PET) in the US in November fell by 3 cents per pound (USD66 per ton) amid weakening demand and cooling, ICIS reports.

At the same time, some participants have already concluded 3-month contracts with a decrease of 3 cents per pound. Spot prices also declined. US polyethylene terephthalate PET

Spot and contract resin prices followed a downtrend amid economic uncertainty caused by the protracted trade war between the US and China.

Most contracts fell 3 cents a pound, while spot prices fell 2–3 cents a pound, with deals at 47 cents a pound (USD 1,034 a ton), CFR US West Coast and 50 cents a pound ( USD1 100 per tonne) DEL for imported material.US polyethylene terephthalate PET

The global economic downturn caused by the trade conflict between the US and China has become the main reason for the sharp decline in PET prices in the US and Asia, especially in China.

According to the ICIS-MRC Price Review , the cost of PET granulate in China will continue to put downward pressure on Russian granulate prices by the end of the year.

Prices in the region have already reached levels that are only USD30-50 per tonne higher than the minimum prices for the previous 10 years. Against this background, a further decrease in the cost of Russian granulate for contract customers in December by about 3,000 rubles is expected. per ton.US polyethylene terephthalate PET

DAK Americas, Indorama, Nan Ya Plastics Corporation, and Far Eastern New Century (FENC) are US PET manufacturers.

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Author: Anna Larionova

Petrochemical PET Resin ACN News 21-11-2019

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Petrochemical PET Resin PTA News 22-11-2019

Petrochemical PET Resin PTA

China – Polyethylene Terephthalate

PET and its chain are in health .

Crude oil price is steady.

Polyamide 6 and its chain are steady.

Acrylonitrile is steady

Naphtha increases.

PET Bottle grade export 770/825 $/ton PET Bottle grade domestic market 6,350/6,450 yuan/ton PET Filament grade SD domestic market 5,850/6,000 yuan/ton – PET Filament grade BR domestic market 5,950/6,050 yuan/ton

PTA Taiwan 600/610 $/ton PTA domestic market 4,800/4,900 yuan/tonMEG  545/555 $/ton – MEG domestic market 4,600/4,700 yuan/tonPX Korea 765/775 $/ton.

Polyester POY 150D/48F  domestic market 6,950/7,050  yuan/tonPolyester DTY 150D/48F  domestic market 8,550/8,650  yuan/tonPolyester Staple PSF domestic market 6,700/7,800 yuan/ton

Petrochemical PET Resin PTA

Crude Oil Prices Trend

Crude Oil Prices Trend

October MEG price in Europe agreed at EUR26 per tonne higher than September

The contract price of monoethylene glycol (MEG) for October in Europe was finally agreed at EUR632 per tonne, which is EUR26 per tonne higher than the previous month, ICIS reported citing confirmation from the second buyer and second seller.

The MEG contract price for October shipments was agreed on terms of delivery of FD NWE (with delivery to North-West Europe) with a significant delay, i.e. a few weeks after the first approval.

Petrochemical PET Resin PTA

– Polyethylene Terephthalate (PET) contract prices in the US in November fell by USD66 per ton

The contract prices of polyethylene terephthalate (PET) in the US in November fell by 3 cents per pound (USD66 per ton) amid weakening demand and cooling, ICIS reports.

At the same time, some participants have already concluded 3-month contracts with a decrease of 3 cents per pound. Spot prices also declined.

Spot and contract resin prices followed a downtrend amid economic uncertainty caused by the protracted trade war between the US and China.

Petrochemical PET Resin PTA

-Grodno Azot reduces polyamide production in October by 22.8%

Grodno Azot (Grodno, Republic of Belarus), including PTC Khimvolokno, in October 2019, the company reduced production by 24% compared to the same period in 2018, the company website says. .

Commodity production for the reporting period was released in the amount of 130 178 thousand Belarusian rubles. For ten months of this year, the company reduced production by 0.9%, which amounted to 1,349,850 thousand Belarusian rubles.

Petrochemical PET Resin PTA

-Itema exhibits weaving innovations at ITMACH India

Itema, a leading provider of best-in-class weaving solutions, including weaving machines, OEM spare parts and integrated services, is exhibiting at ITMACH India at The Exhibition Centre in Ahmedabad, next month.

India represents one of the most interesting textiles industries in the world, featuring numerous textiles districts throughout the country and producing a wide range of woven fabrics.

Petrochemical PET Resin PTA

-Tarkett and Aquafil close the loop on carpet tiles: a key step towards circular economy

Tarkett today announces that it is closing the loop on commercial carpet tiles in Europe thanks to a pioneering partnership with Aquafil.

This is the result of an intensive collaboration over recent years, going beyond the traditional customer and supplier relationship.Petrochemical PET Resin PTA

The two companies present today this significant step towards circular economy at Tarkett’s carpet tile facility in Waalwijk, the Netherlands.

Tarkett and Aquafil close the loop on carpet tiles: a key step towards circular economy

-Honeywell UOP Supplies Technology to PDH Plant in Texas

Process technology and solutions firm Honeywell UOP is supplying its C3 Oleflex technology to Enterprise Products Partners LP for use in the firm’s propane dehydrogenation (PDH) unit in Mont Belvieu, TX.

Under the arrangement, Honeywell UOP will provide Oleflex technology licensing to the plant, as well as engineering, catalysts, adsorbents, services, and equipment, according to a company press release issued Wednesday. The new Enterprise facility, known as PDH 2, will have a capacity of 750,000 mt/yr of polymer-grade propylene.

-Honeywell UOP Supplies Technology to PDH Plant in Texas

-Indorama completes acquisition of Europe’s Sinterama

INDORAMA Ventures Public Company Limited (IVL) has announced on Wednesday (20) that it has completed the acquisition of Sinterama.

Sinterama is global polyester automotive interiors and high-performance coloured yarns manufacturer.Petrochemical PET Resin PTA

“This acquisition elevates IVL’s capability to deliver comprehensive and innovative solutions in highly specialised applications, including coloured polyester yarns for the automotive, furnishing, apparel and technical applications,” the company said yesterday.

Petrochemical PET Resin PTA

-Putin says shale oil technologies are ‘barbaric’

Russian President Vladimir Putin has criticized countries like the U.S. for ignoring the environmental impact of shale oil and natural gas production, describing it as a “barbaric” process the Kremlin won’t pursue, CNBC reports.

Speaking at a business conference in Moscow Wednesday, Putin said: “Today’s technology of shale oil production and shale gas are without any doubt … barbaric,” CNBC reported, Kallanish Energy understands.

Putin says shale oil technologies are ‘barbaric’

-Viridor agrees to provide recycled plastics to Unilever

UK-based recycling and waste management company Viridor has agreed to supply its recycled plastics to consumer goods company Unilever.

According to a five-year contract, Unilever will receive recycled plastic from Viridor’s Avonmouth Resource Recovery Centre.Petrochemical PET Resin PTA

The £65m centre near Bristol will be powered by energy generated from its £252m energy recovery facility in Avonmouth

Viridor agrees to provide recycled plastics to Unilever

Petrochemical PET Resin PTA

Petrochemical PET Resin ACN News 21-11-2019

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