Indorama February Monoethylene Glycol

Indorama February Monoethylene Glycol

Indorama raises February MEG prices in the US by USD44 per ton

Indorama February Monoethylene Glycol

MOSCOW – Indorama Ventures Company Ltd (IVL), the world leader in the production of polyethylene terephthalate (PET), raises the prices of monoethylene glycol (MEG) for supplies to the United States in February by 2 cents per pound (USD44 per ton), according to company message.

The company said the reason for the increase was reduced supply and increased demand, as well as rising prices in Asia. Prices in Asia, which tend to affect the cost of MEGs in the United States, are rising amid declining stocks at ports.

Earlier it was reported that Shell Chemicals announced an increase in the contract price of monoethylene glycol (MEG) for deliveries in February to the US market by 2 cents per pound or USD44 per ton. The price increase will take effect on February 1 and is consistent with the terms of current contracts. Indorama February Monoethylene Glycol

The main manufacturers of MEGs in the USA are Eastman Chemical, Huntsman, Indorama Ventures, LyondellBasell, Nan Ya Plastics, Shell Chemical and MEGlobal.

MEG is one of the main raw materials for the production of polyethylene terephthalate (PET).

According to the ICIS-MRC Price Review , at the end of December last year, activity in the external PET markets was very low amid holidays in Europe. Prices in the Chinese market remained at the level of the second half of the third week of December. Activity in the Russian spot PET market at the end of 2019 increased sharply. Free volumes for spot buyers in a significant amount remained only at the Kaliningrad plant Ecopet.

Indorama Ventures PLS is one of the world’s leading manufacturers of PET, TPA, MEG (in the USA), as well as polyester filaments and fibers. Indorama February Monoethylene Glycol

mrcplast.ru

Author:

Anna Larionova

Indorama February Monoethylene Glycol

Please follow and like us:

Petrochemical Polymers Monoethylene Glycol Prices

Petrochemical Polymers Monoethylene Glycol

 

Polyestertime
ITEM13/01/202020/01/2020+/-
Bottle grade PET chips domestic market6,575 yuan/ton6,575 yuan/ton
Bottle grade PET chips export market850 $/ton850 $/ton
Filament grade Semidull chips domestic market

Petrochemical Polymers Monoethylene Glycol

6,350 yuan/ton6,300 yuan/ton-50
Filament grade Bright chips domestic market6,450 yuan/ton6,400 yuan/ton-50
Pure Terephthalic Acid PTA domestic market4,845 yuan/ton4,860 yuan/ton+15
Pure Terephthalic Acid PTA export market
610 $/ton 610 $/ton
Monoethyleneglycol MEG domestic market5,475 yuan/ton5,155 yuan/ton-320
Monoethyleneglycol MEG export market615 $/ton595 $/ton-20
Paraxylene PX FOB  Taiwan market818 $/ton816 $/ton-2
Paraxylene PX FOB  Korea market800 $/ton798 $/ton-2
Paraxylene PX FOB EU market

Petrochemical Polymers Monoethylene Glycol

728 $/ton726 $/ton-2
Polyester filament POY 150D/48F domestic market7,180 yuan/ton7,170 yuan/ton
-10
Recycled Polyester filament POY  domestic market7,050 yuan/ton7,050 yuan/ton
Polyester filament DTY 150D/48 F domestic market8,900 yuan/ton8,950 yuan/ton+50
Polyester filament FDY 68D24F domestic market 8,250 yuan/ton8,250 yuan/ton
Polyester filament FDY 150D/96F domestic market
Petrochemical Polymers Monoethylene Glycol
7,700 yuan/ton7,700 yuan/ton
Polyester staple fiber 1.4D 38mm domestic market7,030 yuan/ton7,030 yuan/ton
Caprolactam CPL domestic market11,200 yuan/ton11,200 yuan/ton
Caprolactam CPL overseas  market1,280 $/ton1,290 $/ton+10
Nylon6 chips overseas  market1,570 $/ton1,570 $/ton+10
Nylon6 chips conventional spinning domestic  market12,150 yuan/ton12,350 yuan/ton+200
Nylon6 chips  high speed spinning domestic  market12,200 yuan/ton12,200 yuan/ton
Nylon 6.6 chips domestic  market22,600 yuan/ton22,600 yuan/ton
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Polymers Monoethylene Glycol

14,150 yuan/ton14,350 yuan/ton+200
Nylon6 Filament DTY 70D/24F domestic  market17,000 yuan/ton17,150 yuan/ton+150
Nylon6 Filament FDY  70D/24F  domestic  market15,400 yuan/ton15,500 yuan/ton+100
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 market8,050 yuan/ton8,050 yuan/ton
Benzene domestic market5,970 yuan/ton5,900 yuan/ton-70
Benzene overseas  market726 $/ton731 $/ton –+5
Ethylene South East market700 $/ton715 $/ton+15
Ethylene NWE  market844 $/ton860 $/ton+16
Acrylonitrile ACN  domestic market10,700 yuan/ton10,700 yuan/ton
Acrylonitrile ACN  overseas market1,450 $/ton1,450 $/ton
Acrylic staple fiber ASF  domestic market14,200 yuan/ton14,700 yuan/ton+500
Viscose Staple Fiber VSF  domestic market9,500 yuan/ton9,600 yuan/ton+100
PP Powder domestic market7,550 yuan/ton7,300 yuan/ton-250
Naphtha overseas market 

Petrochemical Polymers Monoethylene Glycol

560 $/ton561 $/ton
+1
Phenol domestic market 7,475yuan/ton7,475 yuan/ton
PS Taiwan 5250 GPPS1,085 $/ton 1,074 $/ton-11
PS Taiwan 8250 HIPS1,183 $/ton 1,181 $/ton-2
LDPE CFR Far East 922 $/ton922 $/ton
LLDPE CFR Far East862 $/ton862 $/ton
LDPE   FOB Middle East909 $/ton909 $/ton
LLDPE FOB Middle East849 $/ton849 $/ton
HDPE CFR Far East849 $/ton869 $/ton+20
LDPE FD Northwest Europe 923 €/ton923 €/ton+10
LLDPE FD Northwest Europe 913 €/ton913 €/ton+10
Homopolymer PP CFR Far East895 $/ton930 $/ton+35
Homopolymer PP FD NWE971 €/ton971 €/ton

Petrochemical Polymers Monoethylene Glycol

Please follow and like us:

Bioplastic CrudeOil ReNylon Recycling 20-01-2020

Bioplastic CrudeOil ReNylon Recycling

Petrochemical Polymers Monoethylene Glycol Prices

Bioplastic CrudeOil ReNylon Recycling

Crude Oil Prices Trend

Crude Oil Prices Trend

-Libya’s military strongman halts oil exports ahead of peace talks

Khalifa Haftar cuts country’s economic lifeblood in effort to gain leverage

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.

Khalifa Haftar, the military strongman trying to seize political power in Libya, has halted oil shipments from ports under his control as he attempts to gain leverage ahead of peace talks in Berlin on Sunday.At least 800,000 barrels a day of crude supplies worth roughly $55m per day, the economic lifeblood of the country, have been halted, according to the National Oil Corporation (NOC), the state-owned oil company. The country was pumping around 1.3m b/d previously.

Libya’s military strongman halts oil exports ahead of peace talks

-Solving the Polypropylene waste issue

As policy makers, governments and organisations around the world continue to explore ways to reduce or eliminate the amount of plastic packaging sent to landfills, recyclers have been hampered by their limited capacity to sort plastic by polymer type. Professor Edward Kosior of Nextek discusses the latest developments that support Polypropylene waste sorting. Bioplastic CrudeOil ReNylon Recycling

It is not widely known that despite Polypropylene (PP) being one of the main materials to be used in consumer goods packaging it is the least recycled material in the packaging recycling stream. In fact it is virtually non-existent as a food-grade recycled material. Yet it also happens to be one of the easiest polymers to recycle, if recyclers could only identify its past history during the sorting process. The reason PP is not available as a food grade recycled material is due to the inability to separate food grade from non-food grade PP.

Bioplastic CrudeOil ReNylon Recycling

-Germany hosts Berlin summit to discuss ways out Libya crisis

Germany is bringing together the key players in Libya’s long-running civil war in a bid to curb foreign military meddling, solidify a cease-fire and help relaunch a political process to determine the North African nation’s future.

Chancellor Angela Merkel invited leaders from 12 countries as well as the United Nations, the European Union, the African Union and the Arab League to Jan. 19’s summit at the chancellery in Berlin. Germany’s months-long diplomatic drive seeks to bolster efforts to stop the fighting in Libya by U.N. Secretary-General Antonio Guterres and his envoy for Libya, Ghassan Salame.

Germany hosts Berlin summit to discuss ways out Libya crisis

-December ends with price drops for polypropylene and PET bottle resin

For North American commodity resins, 2019 came to a close with lower prices in December for polypropylene and PET bottle resin.Bioplastic CrudeOil ReNylon Recycling

Prices for polyethylene, PVC and solid polystyrene were flat for the month, while engineering resins polycarbonate and nylon 6/6 also saw lower prices in late 2019.

Bioplastic CrudeOil ReNylon Recycling

-UKRI versus unsustainable plastics

UK Research and Innovation (UKRI) has launched two new competitions to develop smarter, greener, safer and more easily recyclable plastics.

Up to £8m (~€9m) funding will help researchers develop recycling systems that can cope with rising volumes and enable academics to analyse how package design impacts consumer behaviour – which could help businesses design and produce sustainable, appealing packaging. Bioplastic CrudeOil ReNylon Recycling

Bioplastic CrudeOil ReNylon Recycling

-UK named fourth largest textile waste producer in Europe

The study found each Briton throws away about 3.1kg of textiles every year, and that 1.7kg of fashion waste is landfilled yearly per person.Bioplastic CrudeOil ReNylon Recycling

The UK clothing industry is the third largest in Europe and the study found British consumers spend £980,50 a year on new clothes.

Italy was found to be the “least sustainable” country in terms of fashion waste.

Bioplastic CrudeOil ReNylon Recycling

-Asian petchem markets take a breather ahead of Lunar New Year

Asia’s petrochemical markets have slowed down ahead of the Lunar New Year holiday as manufacturing activity dwindles, limiting trade activity in the region.

Market players typically hold off purchasing fresh spot cargoes as the holiday draws near, with regional factories also lowering their production levels.

The Lunar New Year, which falls on 25 January, is celebrated in most parts of southeast and northeast Asia with the holiday period ranging from two days to a full week. Bioplastic CrudeOil ReNylon Recycling

Bioplastic CrudeOil ReNylon Recycling

-Materials maker Ampacet wants to revive recycling markets with a new line of masterbatch concentrates.

ReVive-brand compatibilizers are blends of functional additives that can reduce the amount of material sent to landfills by allowing post-industrial and post-consumer barrier films to be reprocessed back into the polyolefin recycling stream, officials with Tarrytown, N.Y.-based Ampacet said in a recent news release.Bioplastic CrudeOil ReNylon Recycling

Materials maker Ampacet wants to revive recycling markets with a new line of masterbatch concentrates

-CCL to acquire Polish BOPP films operation

CCL Industries has signed a binding agreement to acquire Polish BOPP film producer Flexpol for an estimated 22 million USD on a debt/cash free basis with closing expected in the first quarter of 2020.Bioplastic CrudeOil ReNylon Recycling

One of the largest Polish polypropylene products manufacturers reached approximately 70 million USD in 2019 focusing entirely on flexible packaging customers, with an adjusted 3.7 million USD EBITDA.

CCL to acquire Polish BOPP films operation

-Gulf’s use of oxo-degradable plastics is toxic for environment

Thank you for reading the news about Gulf’s use of oxo-degradable plastics is toxic for environment and now with the detailsAden – Yasmine El Tohamy – Plastics and single-use plastics have been a recent hot topic; take for example Dubai Airport’s pledge to ban single use plastics in 2020.However, there is a serious need to investigate the benefit of current policies in place. Bioplastic CrudeOil ReNylon Recycling

To gain a deeper insight, particularly the area of plastic in the wider Gulf region, The New Arab speaks with a COO of a leading UAE plastic manufacturer as well as Dr Akram Madanat of Karak Star for Recycling in Jordan.

Gulf's use of oxo-degradable plastics is toxic for environment

-Asia’s naphtha cracks fall to four-day low

Asia’s naphtha front-month crack for first-half March fell to a four-session low of $89.82 a tonne on Thursday, dragged down by a cracker outage in Japan that came at a time of cracker run cuts across Asia. Bioplastic CrudeOil ReNylon Recycling

Asahi Kasei Mitsubishi Chemical Ethylene Corp, a joint venture of Asahi Kasei Corp and Mitsubishi Chemical Corp, has suspended operations at its 567,000 tonnes per year naphtha cracker in Mizushima, Japan, on Tuesday after a malfunction in the refrigerant system, the company said.

Asia’s naphtha cracks fall to four-day low

Bioplastic CrudeOil ReNylon Recycling

Bioplastic CrudeOil rPET Recycling 18-01-2020

Please follow and like us: