Polymers Recycling Environmentally Friendly 12-02-2020

Polymers Recycling Environmentally Friendly

Crude Oil Prices Trend

Crude Oil Prices Trend

-How will polyester polymerization rate fare?

The appearance of the epidemic near the Spring Festival hit market and reversed the tendency on polyester market.

Downstream companies successively shut down for holiday in mid-Jan, and more polyester units started having turnaround, but most finished maintenance before the Lunar New Year holiday, with the polyester polymerization rate staying around 74%. Some polyester units were supposed to resume operation in early-Feb, and the polyester run rate was anticipated to be under upward course, which was estimated to near 85% in Feb before the Spring Festival holiday.

However, the recovery of companies was delayed affected by the epidemic. Units that intended to resume operation in early-Feb mostly postponed it into Feb 10 and afterward. Some polyester companies witnessed apparently ascending stocks amid high run rate during the Spring Festival holiday, and the inventory burden continued heightening after the recovery of end-users being delayed. Besides, price of crude oil and petrochemical products has obviously declined dragged down by demand, so the inventory at hand faced devaluating pressure.

Tendency assumption of Polyester run rate

-China’s benzene prices down

Benzene consumption in China may face downward pressure due to uncertainty about the timing of resumption of production in the consumption sector, ICIS reports.

In the first week after the Chinese Lunar New Year, spot prices for benzene in China and weekly futures prices in East China fell due to a sharp drop in oil prices and foreign prices and a decrease in demand amid an outbreak of coronavirus. Futures prices were lower than spot prices.

Benzene prices in eastern China fell last week amid falling oil prices. One supplier’s benzene prices have been adjusted to CNY5,500 per tonne. The new price has an import parity of USD685 per tonne, CFR China, LC with immediate payment on a letter of credit, or USD694 per tonne, CFR China, with a delay of 90 days on payment of a letter of credit.

Polymers Recycling Environmentally Friendly

-BASF and Fabbri Group develop certified compostable cling film for fresh-food packaging

BASF and Fabbri Group have developed a sustainable solution for cling film used in fresh-food packaging. Polymers Recycling Environmentally Friendly

Based on BASF’s certified compostable ecovio, Fabbri Group produces the highly transparent stretch film Nature Fresh.

The new certified compostable ecovio enables the production of a cling film that prolongs shelf life of fresh food and at the same time can be composted after use together with organic waste according to national legislation.

Polymers Recycling Environmentally Friendly

-Coronavirus impact: PTA prices decline by 10% in a week on duty cut

Decline in crude prices also contributes to lowering the key textile raw material

In a major relief to synthetic yarn manufacturers, Purified Tephthalic Acid (PTA) has become cheaper by 10 per cent during the past one week following temporary suspension of import from China due to the spread of coronavirus there.

Withdrawal of anti-dumping duty on this critical synthetic textile raw material has made it cheaper in India. Polymers Recycling Environmentally Friendly

Trading currently at $600-$620 a tonne, PTA prices has slumped from around $660-$700 about a fortnight ago. PTA prices are determined by the movement in crude oil prices which have also slumped by 10-12 per cent in the past one week. Since PTA is linked to crude oil, its prices are quoted in dollars even by domestic manufacturers.

Polymers Recycling Environmentally Friendly

-Coca-Cola Sweden unveils new labels to support launch of 100% rPet bottles

With Coca-Cola set to roll out its range of rPET bottles in Sweden, the company has unveiled new labels to deliver a message about recycling.

Coca-Cola Sweden’s new labels will be introduced across the Coca-Cola, Fanta, Sprite and Bonaqua brands and represent a radical departure from its standard international label design. This move marks the kick-off of the company’s sustainability initiative to encourage consumers to recycle, in the hopes of helping it to create a circular economy for its plastic packaging.Polymers Recycling Environmentally Friendly

Polymers Recycling Environmentally Friendly

-EU TiO2 makers require clarity, common approach for carcinogen classification implementation

European titanium dioxide (TiO2) producers are hoping to get more clarity on the upcoming EU classification of the material as a carcinogen in inhalable powder form.

The Europe-wide trade group Titanium Dioxide Manufacturers Association (TDMA) said to ICIS on Monday that the classification needs a consistent and common approach across the EU’s 27 countries.

TiO2 producers also said that waste disposal concerns also need to be addressed during the  implementation period.Polymers Recycling Environmentally Friendly

Polymers Recycling Environmentally Friendly

-Publication of EU titanium dioxide classification law imminent

Attempts to overturn the decision have been rejected

The European Commission will publish its delegated Regulation containing the classification of titanium dioxide as a carcinogen on 17 February, sources at the EU executive have said.

Attempts to overturn the controversial decision were rejected twice by MEPs during an extended scrutiny period, which ended on 4 February.Polymers Recycling Environmentally Friendly

Polymers Recycling Environmentally Friendly

-Henniez commits to making bottles with 75% rPET content

Swiss mineral water supplier and Nestlé brand Henniez has committed to making its plastic bottle range with 75% recycled PET plastic (rPET) content.

Since 2013, the company has been using 30% Swiss recycled PET and is planning to transition to 100% locally recycled PET.Polymers Recycling Environmentally Friendly

The commitment will support the PET circular economy, as discarded PET bottles will be made into new Henniez recycled plastic bottles without using new oil resources.

Henniez commits to making bottles with 75% rPET content

-Fulgar expands green portfolio with Q-NOVA Pure Black

Fulgar, a leader in the manufacture of innovative, and increasingly sustainable man-made fibre yarns, has launched eco-friendly Q-NOVA Pure Black yarn developed in line with ‘advanced eco design criteria’. This new speciality yarn joins the highly successful Q-NOVA yarn and together, Fulgar says, they have inspired the creation of a new family of yarns.

Launched by Fulgar in 2013, Q-NOVA by Fulgar, 100% Made in Italy is a polyamide yarn made using regenerated raw materials through a mechanical, non-chemical process that renders the entire production cycle more sustainable, making it possible to achieve reductions in CO2 emissions and water consumption.

This virtuous yarn is further enhanced in the version given stretch performance by combining it with the Lycra EcoMade recycled elastomer, which has also been awarded Global Recycled Standard certification for fabrics and garments that are ‘friends of the environment’. Polymers Recycling Environmentally Friendly

Fulgar expands green portfolio with Q-NOVA Pure Black

-Coronavirus overreaction risks disrupting business far beyond China

World now ever-more dependent on Chinese high-end manufacturing

Hopes that China will return to work this week appear dashed as factory gates remain locked and authorities struggle to halt the coronavirus. This will dent China’s growth — but it also suggests the virus’s international economic implications could be more far-reaching than many realize.Polymers Recycling Environmentally Friendly

Pandemics have cut output in multiple ways. Tourism is one, as visitors busily cancel Asian trips. Consumption is another, with shops and restaurants closed. Globally, however, the most significant hit will come from shocks to international supply chains.

Coronavirus overreaction risks disrupting business far beyond China

-Woolmark named technical partner for Dark Ice Project

The Woolmark Company has been named an official technical partner for the Dark Ice Project – an expedition strategised by three of Britain’s most accomplished polar explorers: Alex Hibbert, George Bullard and James Wheeldon. Technical performance leaders are creating a kit to meet the athletes’ physiological and environmental needs in harsh conditions.Polymers Recycling Environmentally Friendly

Besides the Woolmark Company, the other technical performance leaders are adidas Terrex, Byborre and Gore-Tex.

Woolmark named technical partner for Dark Ice Project

Polymers Recycling Environmentally Friendly

Petrochemicals Environmentally Friendly 11-02-2020

Please follow and like us:

Petrochemical Polymers Polyamides PE Prices

Petrochemical Polymers Polyamides PE

Petrochemical Polymers Polyamides PE

Bottle grade PET chips domestic market6,300 yuan/ton6,175 yuan/ton-125
Bottle grade PET chips export market830 $/ton810 $/ton-20
Filament grade Semidull chips domestic market

Petrochemical Polymers Polyamides PE

6,050 yuan/ton6,000 yuan/ton-50
Filament grade Bright chips domestic market6,150 yuan/ton6,000 yuan/ton-150
Pure Terephthalic Acid PTA domestic market4,370 yuan/ton4,315 yuan/ton-55
Pure Terephthalic Acid PTA export market
560 $/ton 550 $/ton-10
Monoethyleneglycol MEG domestic market4,320 yuan/ton4,390 yuan/ton+70
Monoethyleneglycol MEG export market505 $/ton530 $/ton+25
Paraxylene PX FOB  Taiwan market764 $/ton738 $/ton-26
Paraxylene PX FOB  Korea market746 $/ton720 $/ton-26
Paraxylene PX FOB EU market

Petrochemical Polymers Polyamides PE

716 $/ton669 $/ton-47
Polyester filament POY 150D/48F domestic market7,170 yuan/ton7,170 yuan/ton
Recycled Polyester filament POY  domestic market7,050 yuan/ton7,050 yuan/ton
Polyester filament DTY 150D/48 F domestic market8,850 yuan/ton8,825 yuan/ton-25
Polyester filament FDY 68D24F domestic market 8,050 yuan/ton8,020 yuan/ton-30
Polyester filament FDY 150D/96F domestic market
Petrochemical Polymers Polyamides PE
7,450 yuan/ton7,400 yuan/ton-50
Polyester staple fiber 1.4D 38mm domestic market6,950 yuan/ton6,800 yuan/ton-150
Caprolactam CPL domestic market11,200 yuan/ton11,000 yuan/ton
Caprolactam CPL overseas  market1,290 $/ton1,260 $/ton-30
Nylon6 chips overseas  market1,570 $/ton1,650 $/ton+80
Nylon6 chips conventional spinning domestic  market12,300 yuan/ton12,300 yuan/ton
Nylon6 chips  high speed spinning domestic  market12,250 yuan/ton12,300 yuan/ton+50
Nylon 6.6 chips domestic  market22,600 yuan/ton22,600 yuan/ton
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Polymers Polyamides PE

14,700 yuan/ton14,350 yuan/ton-350
Nylon6 Filament DTY 70D/24F domestic  market17,150 yuan/ton17,150 yuan/ton
Nylon6 Filament FDY  70D/24F  domestic  market15,500 yuan/ton15,500 yuan/ton
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 market5,750 yuan/ton5,600 yuan/ton-150
Benzene overseas  market688 $/ton679 $/ton
Ethylene South East market717 $/ton780 $/ton+63
Ethylene NWE  market861 $/ton821 $/ton-40
Acrylonitrile ACN  domestic market10,600 yuan/ton10,500 yuan/ton-100
Acrylonitrile ACN  overseas market1,400 $/ton1,400 $/ton
Acrylic staple fiber ASF  domestic market14,700 yuan/ton14,700 yuan/ton
Viscose Staple Fiber VSF  domestic market9,600 yuan/ton9,600 yuan/ton
PP Powder domestic market7,300 yuan/ton6,950 yuan/ton-350
Naphtha overseas market 

Petrochemical Polymers Polyamides PE

513 $/ton481 $/ton
Phenol domestic market 7,625 yuan/ton7,758 yuan/ton+133
PS Taiwan 5250 GPPS1,070 $/ton 1,075 $/ton+5
PS Taiwan 8250 HIPS1,181 $/ton 1,180 $/ton-1
LDPE CFR Far East 922 $/ton902 $/ton-20
LLDPE CFR Far East862 $/ton832 $/ton-30
LDPE   FOB Middle East909 $/ton888 $/ton-21
LLDPE FOB Middle East849 $/ton818 $/ton-31
HDPE CFR Far East869 $/ton838 $/ton-31
LDPE FD Northwest Europe 923 €/ton953 €/ton+30
LLDPE FD Northwest Europe 913 €/ton933 €/ton-20
Homopolymer PP CFR Far East930 $/ton910 $/ton-20
Homopolymer PP FD NWE971 €/ton1,001 €/ton-30

Petrochemical Polymers Polyamides PE

Please follow and like us:

Circular Economy Polyolefins Repackaging 10-02-2020

Circular Economy Polyolefins Repackaging

Petrochemical Polymers Polyamides PE Prices

Circular Economy Polyolefins Repackaging

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Horizon 2030: mission biotech

“A revolution is taking place in the knowledge base for life sciences and biotechnology, opening up new applications in healthcare, agriculture, and environmental protection.”

Political awareness of this potential dates back to 2001, when the European Commission recognised life sciences and biotech through the adoption of its life science and biotechnology strategy. Circular Economy Polyolefins Repackaging

Circular Economy Polyolefins Repackaging

-PET recycling is moving ahead fast, says new report

A report compiled by sustainability consultancy Eunomia signals a number of trends in PET collection and sorting.Circular Economy Polyolefins Repackaging

One of the more important developments described is that of the growing use of recycled PET in bottle-to-bottle recycling, mainly in response to manufacturer demand.

The PET packaging sector is moving towards higher levels of circularity, write the authors, with individual converters demonstrating what is possible, among others, by producing water bottles using 100 percent recycled PET from bottles, and trays from 95 percent recycled PET.

Circular Economy Polyolefins Repackaging

-Gelest BIOSAFE® Antimicrobial Technology Selected By National Wiper Alliance For Its QUAT KEEPER™ Foodservice Towels

Gelest, Inc., an innovator in materials science and the manufacturer of BIOSAFE® Antimicrobials, announced today that National Wiper Alliance, the industry leader in converting custom nonwoven towels for medical, food service, and aerospace applications, has selected BIOSAFE antimicrobial technology to enhance its newly introduced QUAT KEEPER™ Foodservice Towels.Circular Economy Polyolefins Repackaging

Circular Economy Polyolefins Repackaging

-China to halve tariffs on some US goods from 14 Feb

China will cut tariffs on some US imports by half starting from 14 February to boost trade relations with the US, the Customs Tariff Commission of the State Council said on Thursday.

The 10% and 5% duties imposed on US goods since 1 September 2019 will be cut to 5% and 2.5%, respectively, starting 13:01 Beijing time on 14 February, it said in a statement.

China in August last year announced to impose 10% and 5% additional tariffs on $75bn of US goods in two batches in a tit-for-tat tariff war with US.

The duties on the first batch was in place since 1 September last year while those on the second batch scheduled to start on 15 December 2019 was suspended following conclusion of a “Phase One” trade agreement.Circular Economy Polyolefins Repackaging

Circular Economy Polyolefins Repackaging

-China tariff rollbacks to cover key polymers, chemicals

China’s planned rollback of tariffs on certain imports from the US starting on 14 February will impact a number of key polymers and chemicals.

China will roll back the 5-10% tariffs imposed on $75bn of US imports in the 4th round of tariffs in the US-China trade war by half to 2.5-5%.Circular Economy Polyolefins Repackaging

Those “part one” tariffs in the 4th round were implemented on 1 September 2019, before the phase one US-China trade deal signed on 15 January.

Part two of the 4th round of tariffs never went into effect because of the deal.

Circular Economy Polyolefins Repackaging

-PET industry needs to focus on circularity and stop defending plastics – PETCore president

The polyethylene terephthalate (PET) market needs to focus on the positivity of circularity rather than trying to defend plastics, PETCore President Stephen Short said on Wednesday.

Opening the 2020 PETCore annual conference in Brussels, Short, addressing the 300-strong audience, said it is time to stop defending PET because “we have lost that battle”.

Instead, he said, the industry needs to play to its strengths, and to focus on the positive message of proving the recyclability of PET.Circular Economy Polyolefins Repackaging

“We are in a zero tolerance world for plastic,” Short said. “We can’t speak about recycling, we have to prove it.”

PET industry needs to focus on circularity and stop defending plastics - PETCore president

-Asian paraxylene, PTA markets plunge to near 4-year low

Asian paraxylene market plunged to a new near four-year low on further weakness across the oil and petrochemicals markets due to concerns over the coronavirus outbreak as market volatility and bearishness dampened sentiments and buyer confidence.

In the downstream purified terephthalic acid (PTA) market as well, prices have tumbled to almost a four-year low.Circular Economy Polyolefins Repackaging

There is also uncertainty over how much the prices will fall further, according to S&P Global Platts’ market insights. There is a lack of drivers to support prices at the moment.

Asian paraxylene, PTA markets plunge to near 4-year low

-The World Is Struggling to Recycle Even 50% of Plastic Waste

Even if countries aggressively tighten regulations, the planet will still struggle to recycle 50% of its plastic waste in 10 years time, according to a report from Jefferies Financial Group Inc. Circular Economy Polyolefins Repackaging

Deepening concern over the rising mountain of discarded plastic will force governments to toughen rules, and companies with a combined market value of $3.5 trillion will be hit by wide-ranging bans and taxes aimed at fighting plastic pollution, wrote Jefferies analysts including Simon Powell.

The World Is Struggling to Recycle Even 50% of Plastic Waste

-Canada-UK free trade: A post-Brexit opportunity

The hard work now begins for the United Kingdom to shape an independent trade policy outside of the European Union. Brexit has finally happened after more than three years of negotiations, posturing, parliamentary shenanigans, two elections and considerable policy uncertainty.Circular Economy Polyolefins Repackaging

As the New York Times reports, the UK faces complex and arduous negotiations trying to maintain its privileged access to 450 million European consumers with zero tariffs or other trade restrictions.

Canada-UK free trade: A post-Brexit opportunity

Circular Economy Polyolefins Repackaging

Circular Economy Polyolefins RePolyamide 08-02-2020

Please follow and like us: