PE sellers in Europe intend to increase February prices
MOSCOW – Sellers of polyethylene (PE) in the European market informed their customers about price increases in February, ICIS said.
According to buyers, some sellers have already announced an increase in prices of EUR20 per ton for all PE brands. Polyethylene PE Europe February
The current cost of polyethylene is very low, in many cases it is lower than the new contract price of ethylene at EUR970 per tonne, FD NWE (North-West Europe).
One of the manufacturers of PE is planning an even more significant increase in quotations.
The contract price of ethylene for February deliveries remained at the level of December last year, and quotations of crude oil and naphtha have decreased significantly recently, but there is an upward trend in the market, as import deliveries of material from other regions are growing, and the dynamics of prices on world markets in overall higher than European.Polyethylene PE Europe February
According to the ICIS-MRC Price Survey , last week’s buying activity in the Russian PE market was not bad, processors replenish their inventories as needed. Some small consumers intend to carry out their first PE purchases this year only in February.
The decline in prices of polyethylene last week continued, but the dynamics of decline in some species slowed down. In the linear PE segment, prices have been stable lately. Last week, negotiations began on the February contract prices for the material.
Ethylene supplies to China’s domestic spot market up
MOSCOW – Ethylene supplies to China’s domestic spot market grew amid declining activity in the consumption sector, ICIS reports.
Several Chinese manufacturers tried to sell more than 20 thousand tons of ethylene on spot for deliveries in February and March.
The oversupply was partly the result of government-sanctioned transportation restrictions and the prolonged closure of plants that process ethylene derivatives following an outbreak of coronavirus. Ethylene Polyethylene China domestic
One producer sold 4–5 thousand tons of ethylene at a spot for delivery in February, before shutting down its polyethylene (PE) plant.
Restrictions on the transport of material through China in an attempt to limit the spread of coronavirus (2019-nKoV) violated the supply chain and prevented migrant workers from returning to their jobs. Ethylene Polyethylene China domestic
Many provinces, municipalities and autonomous regions forbade enterprises to open before February 10.
Another manufacturer offered two batches for loading in February after having encountered difficulties in delivering ethylene by tank trucks to some of its customers.
The decline in spot demand from factories in China amid declining production intensified downward pressure on prices. Ethylene Polyethylene China domestic
On Wednesday, a spot deal was concluded at a price of USD810 per tonne, CFR NE Asia (Northeast Asia) for delivery in March, compared with USD840-860 per tonne, CFR NE Asia the previous week.
Ethylene is the main raw material component for the production of polyethylene (PE).
According to ScanPlast of Market Report, the estimated PE consumption in Russia amounted to 1,904.41 thousand tons in the eleven months of last year, which is 6% more than the same indicator a year earlier. Deliveries of all types of polyethylene increased. PE supplies increased both from Russian manufacturers and from external suppliers.
At Auto Expo 2020 – Components, the Group displays its innovative sustainable materials for the car of the future
RadiciGroup, a leading producer of high performance engineering polymers, is exhibiting at Auto Expo 2020 – Components (Hall 4B-FF, Stand 236), the major Asian trade fair focusing exclusively on the automotive market.
Now in its 15th edition, Auto Expo 2020 – Components is showcasing some of the latest products for the auto industry, a sector that is experiencing strong expansion in India. The event is expected to host more than 1,500 exhibitors – mostly producers of raw materials – coming from 20 countries, with an anticipated attendance of over 100,000 visitors from over 70 countries.
“We have been present in India for many years,” said Silvio Dorati, managing director India of RadiciGroup High Performance Polymers. “And that, on top of our well-run organization with a sustainability oriented approach and a wide portfolio of innovative products, has made it possible to maintain close relationships with our customers in a crucially important market. At our stand, visitors will be able to see end-user products made with our materials, for both the conventional automotive market and the e-mobility market.
The association, which represents 21 end users claiming to account for two million metric tonnes per year of MEG consumption, also submitted that India’s current MEG production capacity fell short of the demand of the product by around 36 per cent.
A group of textile companies on Monday approached the Directorate General of Trade Remedies against a move by Reliance Industries Ltd and India Glycols Ltd seeking imposition of anti-dumping duties on a raw material used to make polyester.
In a letter to DGTR Director General BS Bhalla, an association representing companies like Indo Rama Synthetics India, Filatex India, Garden Silk Mills and Bombay Dyeing, had argued that imposing such a duty on the material–mono ethylene glycol (MEG)–would lead to a “significant” loss to India’s textile units. CrudeOil Polyolefins RePolyamide
Chroma Color Corp. (McHenry, IL) continues to grow its portfolio of colorant and additive technologies with the acquisition of Plastics Color Corp. (PCC), including its two facilities in Asheboro, NC, and Calumet City, IL. Terms of the transaction were not disclosed.
For more than 50 years, PCC has consistently delivered innovations in color concentrates, functional additives and custom polymer masterbatches.CrudeOil Polyolefins RePolyamide
Céleste Lilore, Director of Industry Engagement for Textile Exchange, a non-profit organization focused on accelerating sustainability in the Textile Value Chain, made the case for synthetics at the recent Texworld event.
To companies looking to make improvements in this volatile and quickly evolving environment, Lilore recommends what she calls a “portfolio approach” which emphasizes the benefits of biosynthetics and recycled plastics as resources.
As part of the drive to increase the circular economy and tackle the problem of packaging waste, Veolia is launching a Sustainable Packaging Academy. Designed to close the link between producers and recyclers, it says this new initiative will provide businesses with the opportunity to better understand packaging circularity and future-proof packaging design.CrudeOil Polyolefins RePolyamide
The Sustainable Packaging Academy aims to provide a new route for industry to achieve a real circular economy for all types of packaging and ensure materials can be easily collected, recycled and returned to industry for re-use.
The setting up of Technical Textiles Mission, abolition of anti-dumping duty on purified terephthalic acid (PTA), correction of inverted duty structure in GST, review of Rules of Origin under the existing free trade agreements (FTAs), and the launch of NIRVIK scheme announced in the budget 2020-21 have been welcomed by the textiles industry.
“The abolition of anti-dumping duty on PTA will immensely benefit synthetic yarn spinners and downstream segments like fabrics and garments including furnishing fabrics made from polyester and blended yarns. CrudeOil Polyolefins RePolyamide
It was a long pending demand of our association which was finally answered,” Indian Spinners Association secretary general TV Bhavadas said.
The Lenzing Group – one of the market leader in wood-based cellulosic fibre – has opened its first supply chain solution hub in Mumbai which is designed to provide supply chain and product solutions as per the requirements of Indian customers.
Lenzing, being the pioneer in the industry for sustainable fashion and innovations, the hub becomes a centre of innovation and excellence by building accessibility across its customers in India, bringing together Lenzing’s global expertise and network connections in the industry.CrudeOil Polyolefins RePolyamide
Bioplastics maker Danimer Scientific will supply thermoforming giant Genpak LLC with material to make biodegradable food containers.CrudeOil Polyolefins RePolyamide
In a Nov. 12 news release, officials with both firms said the eco-friendly foodservice items created by the two companies “will help reduce the environmental impacts of nonbiodegradable packaging produced annually worldwide.”
Participants — both the 170,000 visitors and the 4,000 exhibitors — at the interpack packaging exhibition (May 7 to 13, 2020) will soon be able to contribute to the end of packaging as an environmental problem worldwide by expressing their support for the PUMA Manifesto.CrudeOil Polyolefins RePolyamide
In doing so, they endorse the PUMA vision on the activity of packaging and promise to share their relevant information and insights in the field of packaging in all fairness and reasonableness.
Being “green” has its rules, and they are often confusing. To quote Kermit, “It isn’t easy being green.” A big part of the problem in getting people to dispose of their waste properly is educating them on the rules.
Most people believe that anything that is thrown into the blue curbside bins can be recycled. Take paper, for example.CrudeOil Polyolefins RePolyamide
Some recyclers have stopped accepting paper because most of them are drowning in it. Composters will not accept paper that has been bleached white with chlorine, which creates dioxins that are toxic.