Petrochemical Polymers Fibres PET Prices

Petrochemical Polymers Fibres PET

Petrochemical Polymers Fibres PET

Polyestertime
ITEM16/12/201923/12/2019+/-
Bottle grade PET chips domestic market6,600 yuan/ton6,550 yuan/ton-50
Bottle grade PET chips export market840 $/ton840 $/ton
Filament grade Semidull chips domestic market

Petrochemical Polymers Fibres PET

6,225 yuan/ton6,350 yuan/ton+125
Filament grade Bright chips domestic market6,275 yuan/ton6,425 yuan/ton+150
Pure Terephthalic Acid PTA domestic market4,855 yuan/ton4,790 yuan/ton-65
Pure Terephthalic Acid PTA export market
610 $/ton 610 $/ton
Monoethyleneglycol MEG domestic market5,295 yuan/ton5,180 yuan/ton-115
Monoethyleneglycol MEG export market602 $/ton585 $/ton-17
Paraxylene PX FOB  Taiwan market814 $/ton823 $/ton+9
Paraxylene PX FOB  Korea market799 $/ton808 $/ton+9
Paraxylene PX FOB EU market

Petrochemical Polymers Fibres PET

734 $/ton745 $/ton+11
Polyester filament POY 150D/48F domestic market7,020 yuan/ton7,055 yuan/ton
+35
Recycled Polyester filament POY  domestic market6,900 yuan/ton7,050 yuan/ton+150
Polyester filament DTY 150D/48 F domestic market8,700 yuan/ton8,850 yuan/ton+150
Polyester filament FDY 68D24F domestic market 7,950 yuan/ton8,100 yuan/ton+150
Polyester filament FDY 150D/96F domestic market
Petrochemical Polymers Fibres PET
7,450 yuan/ton7,600 yuan/ton+150
Polyester staple fiber 1.4D 38mm domestic market7,000 yuan/ton7,050 yuan/ton+50
Caprolactam CPL domestic market10,800 yuan/ton10,950 yuan/ton
+150
Caprolactam CPL overseas  market1,230 $/ton1,240 $/ton+10
Nylon6 chips overseas  market1,510 $/ton1,510 $/ton
Nylon6 chips conventional spinning domestic  market11,950 yuan/ton12,100 yuan/ton+150
Nylon6 chips  high speed spinning domestic  market11,750 yuan/ton11,850 yuan/ton+100
Nylon 6.6 chips domestic  market22,500 yuan/ton22,500 yuan/ton
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Polymers Fibres PET

13,900 yuan/ton13,950 yuan/ton+50
Nylon6 Filament DTY 70D/24F domestic  market16,600 yuan/ton16,600 yuan/ton
Nylon6 Filament FDY  70D/24F  domestic  market14,650 yuan/ton14,900 yuan/ton+250
Spandex 20D  domestic  market36,500 yuan/ton36,500 yuan/ton
Spandex 30D  domestic  market35,000 yuan/ton35,000 yuan/ton
Spandex 40D  domestic  market29,500 yuan/ton29,500 yuan/ton
Adipic Acid domestic market7,700 yuan/ton7,800 yuan/ton+100
Benzene domestic market5,880 yuan/ton5,925 yuan/ton+45
Benzene overseas  market708 $/ton726 $/ton –+18
Ethylene South East market680 $/ton680 $/ton
Ethylene NWE  market772 $/ton768 $/ton-4
Acrylonitrile ACN  domestic market11,300 yuan/ton11,100 yuan/ton-200
Acrylonitrile ACN  overseas market1,450 $/ton1,450 $/ton
Acrylic staple fiber ASF  domestic market14,200 yuan/ton14,200 yuan/ton
Viscose Staple Fiber VSF  domestic market9,800 yuan/ton9,700 yuan/ton-100
PP Powder domestic market7,400 yuan/ton7,400 yuan/ton
Naphtha overseas market 

Petrochemical Polymers Fibres PET

576 $/ton569 $/ton
-7
Phenol domestic market 7,262 yuan/ton7,262 yuan/ton
PS Taiwan 5250 GPPS1,055 $/ton 1,056 $/ton+1
PS Taiwan 8250 HIPS1,178 $/ton 1,080 $/ton+2
LDPE CFR Far East 862 $/ton882 $/ton+20
LLDPE CFR Far East802 $/ton822 $/ton+20
LDPE   FOB Middle East853 $/ton874 $/ton+21
LLDPE FOB Middle East793 $/ton814 $/ton+21
HDPE CFR Far East803 $/ton834 $/ton+31
LDPE FD Northwest Europe 913 €/ton913 €/ton
LLDPE FD Northwest Europe 903 €/ton903 €/ton
Homopolymer PP CFR Far East915 $/ton905 $/ton-10
Homopolymer PP FD NWE961 €/ton961 €/ton

Petrochemical Polymers Fibres PET

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Hengli installation ethylene PTA projects

Hengli installation ethylene PTA

Hengli to start installation of ethylene and PTA projects

Hengli installation ethylene PTA

Petrochemical’s 1.5 million tons/year ethylene project and 5 million tons/year PTA project installation mobilization conference was held in Hengli Petrochemical (Dalian Changxing Island) Industrial Park to ensure ethylene glycol, polyolefin and styrene units start operation in September 2019; ethylene unit and No.4 PTA unit put into operation on October 20th; No.5 PTA line into production in early March, 2020.

Hengli Group has built three PTA production lines with an annual capacity of 6.6 million tons in Changxing Island. Hengli Group invested another 8 billion yuan last year, to start construction of two 2.5 million tons/year PTA production lines.

After the project is completed, the PTA capacity of Hengli Petrochemical will reach 12 million tons/year, further consolidating Hengli’s global leading position in the PTA field.

With a total investment of 22 billion yuan and advanced technology of Technip and SD, Hengli uses the naphtha and dry gas from the refining project as raw materials to build the 1.5 million tons of ethylene, 1.8 million tons of ethylene glycol, 800,000 tons of polyolefin and 720,000 tons of styrene units.

Source : CCFEI

Petrochemical Oil Sanctions Automotive 21-12-2019

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Petrochemical Oil Sanctions Graphene 23-12-2019

Petrochemical Oil Sanctions Graphene

Petrochemical Polymers Fibres PET Prices

Petrochemical Oil Sanctions Graphene

Crude Oil Prices Trend  Polyestertime

Crude Oil Prices Trend  Polyestertime

-Investors back oil’s jump above $60 with surge in bullish bets

Net-bullish wagers on West Texas Intermediate crude rose 19% in week ended December 17

Calgary: Hedge funds boosted bets on rising US crude prices to the highest level in more than seven months, helping support oil’s first full week above $60 a barrel since May.

Their net-bullish wagers on West Texas Intermediate crude climbed 19 per cent in the week ended December 17, data released on Friday show. Optimism over a US-China trade truce and Opec cuts helped push futures to a three-month high, though the rally has fizzled somewhat.

Investors back oil’s jump above $60 with surge in bullish bets

-2019: A challenging year for the polyester chain

The polyester chain has had a challenging year in 2019.

It had to come to terms with overcapacity of varying degrees throughout the chain. Additionally, prices spiralled due to weakening upstream costs, while margins – or lack of – became squeezed. Petrochemical Oil Sanctions Graphene 

The global economic landscape further tested the limits of market players already facing a difficult year. Nevertheless, what was remarkable was the resilience of the chain – particularly the polyester sector.

Petrochemical Oil Sanctions Graphene

-PolyOne to buy Clariant Masterbatches in $1.45B deal

PolyOne Corp. has struck a deal with Clariant AG to buy its masterbatches business for $1.45 billion.

The agreement, announced Dec. 19, follows months of speculation and failed discussions between Clariant and Sabic. Petrochemical Oil Sanctions Graphene 

Set for completion in the third quarter of 2020, the transaction values the Clariant business at $1.56 billion, representing roughly 11.1 times the annual earnings before interest, taxes, depreciation and amortization (EBITDA).

Petrochemical Oil Sanctions Graphene

-Novares expands into Russia with new manufacturing plant

French automotive supplier Novares has opened its first production site in Togliatti, Russia, a city that is also home to Lada manufacturer AvtoVAZ.

Spanning 1,860 square meters, the site is located in the industrial park of AvtoVAZ, which is part of the Renault-Nissan Alliance. Petrochemical Oil Sanctions Graphene 

The factory will begin producing engine parts in May 2020, and with an expansion planned for later that year, the parts manufacturer expects to start making and assembling roof bars in 2021.

Petrochemical Oil Sanctions Graphene

-MICROPLASTIC POLLUTION FAR WORSE THAN INITIAL ESTIMATES

Microplastic pollution far worse than initial estimates

There could be a million times more microplastic pieces floating around the oceans than previously thought, according to new research published in the science journal Limnology and Oceanography Letters.

The findings will raise further concerns about the impact of microplastic pollution not only on the environment but on human health. Petrochemical Oil Sanctions Graphene 

Microplastic pollution tends to be measured by trawling or pulling a submerged fine net behind a ship with mesh that’s small enough to filter plankton from seawater.

Petrochemical Oil Sanctions Graphene

-Hengli to start installation of ethylene and PTA projects

Petrochemical’s 1.5 million tons/year ethylene project and 5 million tons/year PTA project installation mobilization conference was held in Hengli Petrochemical (Dalian Changxing Island) Industrial Park to ensure ethylene glycol, polyolefin and styrene units start operation in September 2019; ethylene unit and No.4 PTA unit put into operation on October 20th; No.5 PTA line into production in early March, 2020.

Petrochemical Oil Sanctions Graphene

-Trade war takes toll, but Xinjiang exporters seek to diversify markets

Textile companies in Aksu, the nation‘s largest top cotton production base in Northwest China‘s Xinjiang Uyghur Autonomous Region, are seeing their exports to the US fall to almost nothing this year amid a bickering trade war between the world‘s two largest economies.Petrochemical Oil Sanctions Graphene 

While some have dubbed this year as the hardest for foreign trade, those textile companies have been actively moving into domestic markets, markets along the routes of the Initiative (BRI) and European countries to fill gaps left by US clients.

Trade war takes toll, but Xinjiang exporters seek to diversify markets

-Polyethylene December 2019 Price Review

In parallel with ethylene, Western European prices for all the polyethylene grades covered by PIE were down last month – by an average of €30 ($33) a tonne. A number of lower spot offers on the market had only a minor influence on the contract prices because many buyers want to take advantage of end-of-year bonuses. An increased number of spot offers – especially for higher-grade metallocene types from the US – put significant pressure on LLD film prices.Petrochemical Oil Sanctions Graphene 

Although business trended toward normalisation, sales of most PE materials were lingering at the bottom end of producers’ expectations. There was weak demand due to uncertainty after the spate of criticisms of plastics and many new legal regulations.

-Polyethylene December 2019 Price Review

-U.S. CHEMICAL PRODUCTION FELL IN NOVEMBER, ACC SAYS

According to the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), the U.S. Chemical Production Regional Index (U.S. CPRI) fell by 0.8 percent in November after gains the previous three months. During November, chemical output declined across all regions, ACC says.

Chemical production was mixed over the three-month period. There were gains in the production three-month moving average (3MMA) output trend of fertilizers, chlor-alkali, coatings, synthetic dyes and pigments, and industrial gases. These gains were offset by declines in the output of synthetic rubber, miscellaneous inorganic chemicals, pesticides, organic chemicals, consumer products, adhesives, other specialty chemicals, and manufactured fibers.Petrochemical Oil Sanctions Graphene 

U.S. CHEMICAL PRODUCTION FELL IN NOVEMBER, ACC SAYS

-BP, Danone, Unilever, Alpla and more unite on rPET initiative

A group comprising leading companies operating across the polyester packaging value chain – including businesses involved in the manufacture, use, collection and recycling of polyethylene terephthalate (PET) plastic packaging – is aiming to help to address the problem of plastic waste by accelerating the commercialisation of BP Infinia enhanced recycling technology.

BP Infinia is designed to turn opaque and difficult-to-recycle PET plastic waste, that can degrade in quality each time it is recycled using conventional methods, into recycled feedstocks that can be used to make new high-quality PET plastic packaging again and again, with no loss in quality.Petrochemical Oil Sanctions Graphene 

BP, Danone, Unilever, Alpla and more unite on rPET initiative

Petrochemical Oil Sanctions Graphene

Petrochemical Oil Sanctions Automotive 21-12-2019

 

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