January Monoethylene Glycol Contract Price Europe

January Monoethylene Glycol Contract

January MEG contract price in Europe agreed at EUR20 per tonne above December

January Monoethylene Glycol Contract

MOSCOW – The contract price of monoethylene glycol (MEG) for January in Europe was finally agreed on February 13 at EUR625 per tonne, which is EUR20 per tonne higher than the previous month, ICIS reported citing confirmation from the second buyer and second seller .

The MEG contract price for January shipments was approved on FD NWE terms of delivery (with delivery to Northwest Europe).

The initial January contract price was agreed back in December last year, but for a long time could not find further confirmation from the European market, as negotiations once again dragged on for a very long time. January Monoethylene Glycol Contract

Now the necessary configuration has been reached for approving the contract price: confirmation has been received from two manufacturers / sellers and two consumers / buyers.

It was previously noted that negotiations on MEG contract prices have been held all the time with a delay since June last year, which creates administrative difficulties for a wider market.

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

According to the ICIS-MRC Price Review , in the Russian PET market, the supply of material still exceeds the demand for it. A possible increase in granulate processing volumes before the preform season is expected in March. January Monoethylene Glycol Contract

Export prices in China after the end of the holiday period in the country fell and fixed at a lower level against the background of limited shipments and partial quarantine in ports.

It is expected that the upward trend of the dollar against the ruble, on the one hand, and a decrease in Chinese quotes, on the other, will lead to a slight change in the contract prices of PET granulate in the Russian market next month. January Monoethylene Glycol Contract

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Author:Margarita Volkova

Petrochemicals Circular Economy BioPackaging 17-02-2020

Linde starts up units to support MEGlobal’s Texas petrochemical plant

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Evonik Biodegradable Powder Polymer Wolrd First

Evonik developed the world’s first biodegradable powder polymer

Evonik Biodegradable Powder Polymer

MOSCOW – Evonik (Germany) has announced the development of the world’s first biodegradable polymer in powder form suitable for printing high-resolution implantable medical devices on equipment for selective laser sintering (SLS), the company said.

RESOMER PrintPowder is a loose powder with rigid characteristics and optimized particle size distribution for efficient processing. Evonik’s ability to create polymer powders can facilitate the delivery of ISO 13485 certified formulations for the development and commercial use of the material. Evonik Biodegradable Powder Polymer

Craniomaxillofacial plates, cells for spinal fusion, scaffolds for soft tissue repair are some of the implantable products, in the manufacture of which polymers based on powder can be used. The new material can help accelerate the healing process in patients after implantation, as well as increase the life of the implant when used in orthopedics, dentistry and surgery.

“For the first time, RESOMER® PrintPowder technology will enable medical device companies to use selective laser sintering 3D printing technology to create complex biodegradable implants with precisely selected mechanical properties,” Dr. Jean-Luc Gerbo quotes in an Evonik press release -Luc Herbeaux) CEO and Manager, Evonik Healthcare.

It is noted that with the launch of RESOMER, PrintPowder Evonik becomes the first commercial supplier of biodegradable polymers to offer a complete range of powders, filaments and granules suitable for use with all major 3D printing technologies.

It was previously reported that Evonik has fully resumed operations in its 10 factories and four offices in China. The company did not indicate the level of production load, and whether all employees returned to work. Evonik Biodegradable Powder Polymer

The Chinese government instructed companies to return to work on February 10 after the New Year holidays were extended by 10 days to curb the spread of the new coronavirus, which is thought to have originated in Wuhan in central China. The company added that not a single employee of Evonik has contracted the virus in China or elsewhere.

Evonik Industries is one of the world’s leading chemical companies in promising areas of specialty chemistry. Evonik Biodegradable Powder Polymer

The company’s products are focused on the high growth rates of megatrends, especially healthcare, nutrition, resource efficiency and globalization. Moody’s international rating agency upgraded the credit rating of Evonik Industries AG from Baa3 with a positive outlook to Baa2 with a positive outlook. The key reasons for this decision, among other things, were the company’s strong performance and clarity regarding the measures taken by Evonik regarding the sale of its assets.Evonik Biodegradable Powder Polymer

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Author:Anna Larionova

Petrochemicals Circular Economy BioPackaging 17-02-2020

Evonik develops the world’s first PEEK filament in implant-grade quality for 3D printing

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Chemicals Circular Economy Bioplastic 17-02-2020

Chemicals Circular Economy Bioplastic

Petrochemical Plastics Polyamides rPET Prices

Chemicals Circular Economy Bioplastic

Crude Oil Prices Trend

Crude Oil Prices Trend

-Tesla invents new aluminum alloys for die casting electric car parts

Tesla has invented new aluminum alloys that can maintain high-yield strength and high conductivity while still being used for die casting electric car parts, according to a new patent filing.

We previously reported that Tesla and SpaceX are partnering up to create new materials to use on Earth and in space.

They have been building material engineering teams to develop new advanced materials for their respective products.

Petrochemicals Circular Economy BioPackaging

-India in talks with Russia on mega deal for long-term import of crude oil

ndia and Russia have finalised the broad contours of an ambitious government-to-government agreement for long-term import of crude oil by India from Russia’s Far East region. The pact is likely to be inked during Russian President Vladimir Putin’s visit in October for the annual summit talks with Prime Minister Narendra Modi, diplomatic sources told PTI.

The pact is set to help the two countries achieve their target of taking the volume of annual bilateral trade to USD 25 billion from current USD 11 billion. When asked about it, Russian Deputy Chief of Mission Roman Babushkin told PTI that both India and Russia are adopting a “multi-dimensional” approach in boosting cooperation in oil and gas sector in sync with decisions taken by Putin and Modi in their last annual summit in Vladivostok in September.

Petrochemicals Circular Economy BioPackaging

-Textile production: Responsibility for man and the environment. BLUESIGN provides orientation and security

Confusion among end customers: What clothes can environmentally aware consumers buy with a clear conscience? The BLUESIGN label is a trustworthy example, which makes sustainability and transparency in the global (!) textile production chain visible. Manufacturers of individual components – from the fiber to finishing treatment – commit to complying with the bluesign® CRITERIA. Chemicals Circular Economy Bioplastic

One special feature is that this is not only about the environment.  BLUESIGN emphasizes the responsible management of resources and demands the highest specifications for workplace safety and consumer protection. SANITIZED is inspired by the idea and has been a bluesign® SYSTEM PARTNER for over 10 years.

Petrochemicals Circular Economy BioPackaging

-Evonik developed the world’s first biodegradable powder polymer

Evonik (Germany) has announced the development of the world’s first biodegradable polymer in powder form suitable for printing high-resolution implantable medical devices on equipment for selective laser sintering (SLS), the company said.

RESOMER PrintPowder is a loose powder with rigid characteristics and optimized particle size distribution for efficient processing. Evonik’s ability to create polymer powders can facilitate the delivery of ISO 13485 certified formulations for the development and commercial use of the material.Chemicals Circular Economy Bioplastic

Craniomaxillofacial plates, cells for spinal fusion, scaffolds for soft tissue repair are some of the implantable products, in the manufacture of which polymers based on powder can be used. The new material can help accelerate the healing process in patients after implantation, as well as increase the life of the implant when used in orthopedics, dentistry and surgery.

Petrochemicals Circular Economy BioPackaging

-NE Asia ethylene prices fall again; near-term downstream outlook weak

Northeast (NE) Asian ethylene prices extended losses due to lower Chinese demand amid widespread downstream production cuts.

The near-term outlook remains bleak. It could take some time for downstream activity in China to normalise even as businesses have resumed operations progressively from 10 February after an extended holiday.

Companies in China need to seek the approval of local authorities to restart plants and deliver products to customers by trucks following the deadly outbreak of coronavirus (Covit-19) that has claimed the lives of over 1,300 people with nearly 60,000 infections confirmed in the country.Chemicals Circular Economy Bioplastic

Truck movements between provinces remain restricted. Some cities and provinces require incoming vehicles from other parts of the country to obtain prior permission.

Petrochemicals Circular Economy BioPackaging

-January MEG contract price in Europe agreed at EUR20 per tonne above December

The contract price of monoethylene glycol (MEG) for January in Europe was finally agreed on February 13 at EUR625 per tonne, which is EUR20 per tonne higher than the previous month, ICIS reported citing confirmation from the second buyer and second seller .

The MEG contract price for January shipments was approved on FD NWE terms of delivery (with delivery to Northwest Europe).

The initial January contract price was agreed back in December last year, but for a long time could not find further confirmation from the European market, as negotiations once again dragged on for a very long time. Now the necessary configuration has been reached for approving the contract price: confirmation has been received from two manufacturers / sellers and two consumers / buyers.

Petrochemicals Circular Economy BioPackaging

-US PE contract prices in January rose by USD44 per tonne

January contract prices for polyethylene (PE) in the US rose 2 cents per pound (USD44 per tonne) amid improved demand and higher export prices, ICIS reports.

Domestic demand in January improved overall compared to December, as buyers tend to maintain a limited inventory in December and must replenish stocks in January.

US PE contract prices in January rose by USD44 per tonne

-Dow and Avangard Partner for PCR in US

Dow to combine its virgin polyethylene resins with Avangard Innovative’s pellets made from post-consumer resin (PCR) plastic film. Exclusive agreement enables Dow’s first PCR-based products in North America.

In an exclusive agreement, Houston-based waste-optimization specialist Avangard Innovative LP (AI) will supply post-consumer resin (PCR) plastic film pellets to Dow , a significant addition to Dow’s plastic circularity portfolio that is aligned with the company’s goal to advance the circular economy for plastics and minimize waste in the environment.

Dow and Avangard Partner for PCR in US

-Blend+ and Mitsui Deutschland partner on customized blends for recycled polyolefins

A new collaboration between Blend+ GmbH and Mitsui & Co. Deutschland GmbH is aimed at developing and marketing advanced additives designed to enhance the performance of recycled polyolefins, making them suitable for higher-end applications.

Mitsui brings to the partnership its extensive knowledge of additive chemistry and applications, while

Blend+ is developing the process technology for optimal mixing of customized additive blends, producing and shipping the blends in the product form  – powder, pellets – required by the recycler.

Blend+ and Mitsui Deutschland partner on customized blends for recycled polyolefins

– ‘The tide is turning’ for global TiO2 outlook – Chemours CEO

The global titanium dioxide (TiO2) market is shifting into a more positive mode and should show improvement in 2020, the CEO of US-based producer Chemours said on Friday.

“We think the market’s starting to improve… I’d say the tide is turning for the TiO2 side right now,” said Mark Vergnano, CEO of Chemours, in an interview with ICIS.

“Ore costs are starting to move up and normally when you see [this], pigment prices start to follow. That’s one indicator,” he said.

Chemours can also get a sense of future price direction through its Ti-Pure Flex Portal – an ecommerce platform where customers can see prices and volumes available for particular grades, and delivery options. Deliveries can be for today, or further out in time.

‘The tide is turning’ for global TiO2 outlook - Chemours CEO

Petrochemicals Circular economy BioPackaging

Petrochemicals Graphene BioPackaging 15-02-2020

 

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Petrochemical Plastics Polyamides rPET Prices

Petrochemical Plastics Polyamides rPET

Petrochemical Plastics Polyamides rPET

Polyestertime
ITEM10/02/202017/02/2020+/-
Bottle grade PET chips domestic market6,175 yuan/ton6,175 yuan/ton
Bottle grade PET chips export market810 $/ton810 $/ton
Filament grade Semidull chips domestic market

Petrochemical Plastics Polyamides rPET

6,000 yuan/ton5,900 yuan/ton-100
Filament grade Bright chips domestic market6,000 yuan/ton6,000 yuan/ton
Pure Terephthalic Acid PTA domestic market4,315 yuan/ton4,345yuan/ton+30
Pure Terephthalic Acid PTA export market
550 $/ton 555 $/ton+5
Monoethyleneglycol MEG domestic market4,390 yuan/ton4,370 yuan/ton-20
Monoethyleneglycol MEG export market530 $/ton528 $/ton-2
Paraxylene PX FOB  Taiwan market738 $/ton742 $/ton+4
Paraxylene PX FOB  Korea market720 $/ton724 $/ton+4
Paraxylene PX FOB EU market

Petrochemical Plastics Polyamides rPET

669 $/ton669 $/ton
Polyester filament POY 150D/48F domestic market7,170 yuan/ton7,075 yuan/ton
-95
Recycled Polyester filament POY  domestic market7,050 yuan/ton7,050 yuan/ton
Polyester filament DTY 150D/48 F domestic market8,825 yuan/ton8,825 yuan/ton
Polyester filament FDY 68D24F domestic market 8,020 yuan/ton8,025 yuan/ton+5
Polyester filament FDY 150D/96F domestic market
Petrochemical Plastics Polyamides rPET
7,400 yuan/ton7,400 yuan/ton
Polyester staple fiber 1.4D 38mm domestic market6,800 yuan/ton6,650 yuan/ton-150
Caprolactam CPL domestic market11,000 yuan/ton10,750 yuan/ton
-250
Caprolactam CPL overseas  market1,260 $/ton1,260 $/ton
Nylon6 chips overseas  market1,650 $/ton1,650 $/ton
Nylon6 chips conventional spinning domestic  market12,300 yuan/ton12,150 yuan/ton-150
Nylon6 chips  high speed spinning domestic  market12,300 yuan/ton12,150 yuan/ton-150
Nylon 6.6 chips domestic  market22,600 yuan/ton22,600 yuan/ton
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Plastics Polyamides rPET

14,350 yuan/ton14,350 yuan/ton
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 market5,600 yuan/ton5,550 yuan/ton-50
Benzene overseas  market679 $/ton658 $/ton
-21
Ethylene South East market780 $/ton750 $/ton-30
Ethylene NWE  market821 $/ton802 $/ton-19
Acrylonitrile ACN  domestic market10,500 yuan/ton9,100 yuan/ton-1,400
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 market6,950 yuan/ton6,650 yuan/ton-300
Naphtha overseas market 

Petrochemical Plastics Polyamides rPET

481 $/ton491 $/ton
+10
Phenol domestic market 7,758 yuan/ton7,758 yuan/ton
PS Taiwan 5250 GPPS1,075 $/ton 1,065 $/ton+10
PS Taiwan 8250 HIPS1,180 $/ton 1,170 $/ton-10
LDPE CFR Far East 902 $/ton882 $/ton-20
LLDPE CFR Far East832 $/ton822 $/ton-10
LDPE   FOB Middle East888 $/ton872 $/ton-16
LLDPE FOB Middle East818 $/ton812 $/ton-6
HDPE CFR Far East838 $/ton822 $/ton-16
LDPE FD Northwest Europe 953€/ton953 €/ton-
LLDPE FD Northwest Europe 933 €/ton933 €/ton
Homopolymer PP CFR Far East910 $/ton880 $/ton-30
Homopolymer PP FD NWE1,001 €/ton1,001 €/ton

Petrochemical Plastics Polyamides rPET

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US Polyethylene contract prices January

US Polyethylene contract prices

US PE contract prices in January rose by USD44 per tonne

US Polyethylene contract prices

MOSCOW – January contract prices for polyethylene (PE) in the US rose 2 cents per pound (USD44 per tonne) amid improved demand and higher export prices, ICIS reports.

Domestic demand in January improved overall compared to December, as buyers tend to maintain a limited inventory in December and must replenish stocks in January.

US manufacturing activity rose in January after five consecutive months of decline.

PE export prices also rose in January, as low margins by Asian and European naphtha producers prompted some to lower loading levels.US Polyethylene contract prices

The launch of three new plants with an aggregate capacity of 1.32 million tons per year was postponed from the end of 2019 to the first or second quarter of 2020, which led to lower than expected production growth.

According to the ICIS-MRC Price Survey , consumer activity in the local polyethylene market increased in Russia, processors began to replenish their stocks of raw materials for work in February.

Excess supply is still preserved, but already for certain types of PE the market has begun to enter the balance of supply and demand.

The main producers of polyethylene in the United States are Chevron Phillips Chemical (CP Chem), DowDuPont, LyondellBasell, ExxonMobil, Formosa, INEOS, Total Petrochemicals and Westlake.

mrcplast.ru

Author: Anna Larionova

US Polyethylene contract prices

Chemicals Circular Economy Bioplastic 17-02-2020

Weekly resin report: Tightening supply sends prices higher

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