Petrochemical Plastics Polyamides Naphtha Prices

Petrochemical Plastics Polyamides Naphtha

Petrochemical Plastics Polyamides Naphtha

Polyestertime
ITEM02/03/202009/03/2020+/-
Bottle grade PET chips domestic market6,075 yuan/ton5,800 yuan/ton-275
Bottle grade PET chips export market800 $/ton770 $/ton-30
Filament grade Semidull chips domestic market

Petrochemical Plastics Polyamides Naphtha

5,650 yuan/ton5,425 yuan/ton-225
Filament grade Bright chips domestic market5,725 yuan/ton5,525 yuan/ton-200
Pure Terephthalic Acid PTA domestic market4,160 yuan/ton3,690 yuan/ton-470
Pure Terephthalic Acid PTA export market
530 55 $/ton 490 $/ton-40
Monoethyleneglycol MEG domestic market4,300 yuan/ton3,600 yuan/ton-600
Monoethyleneglycol MEG export market512 $/ton457 $/ton-55
Paraxylene PX FOB  Taiwan market688 $/ton683 $/ton-5
Paraxylene PX FOB  Korea market670 $/ton665 $/ton-5
Paraxylene PX FOB EU market

Petrochemical Plastics Polyamides Naphtha

614 $/ton611 $/ton-3
Polyester filament POY 150D/48F domestic market6,500 yuan/ton6,380 yuan/ton
-120
Recycled Polyester filament POY  domestic market6,700 yuan/ton6,500 yuan/ton-200
Polyester filament DTY 150D/48 F domestic market8,450 yuan/ton8,300 yuan/ton-150
Polyester filament FDY 68D24F domestic market 7,650 yuan/ton7,600 yuan/ton-50
Polyester filament FDY 150D/96F domestic market
Petrochemical Plastics Polyamides Naphtha
7,000 yuan/ton6,950 yuan/ton-50
Polyester staple fiber 1.4D 38mm domestic market6,520 yuan/ton6,350 yuan/ton-170
Caprolactam CPL domestic market10,250 yuan/ton10,000 yuan/ton
-250
Caprolactam CPL overseas  market1,250 $/ton1,210 $/ton-40
Nylon6 chips overseas  market1,600 $/ton1,530 $/ton-70
Nylon6 chips conventional spinning domestic  market11,250 yuan/ton11,200 yuan/ton-50
Nylon6 chips  high speed spinning domestic  market11,650 yuan/ton11,300 yuan/ton-350
Nylon 6.6 chips domestic  market22,600 yuan/ton22,500 yuan/ton-100
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Plastics Polyamides Naphtha

13,950 yuan/ton13,650 yuan/ton-300
Nylon6 Filament DTY 70D/24F domestic  market16,850 yuan/ton16,600 yuan/ton-250
Nylon6 Filament FDY  70D/24F  domestic  market15,100 yuan/ton14,800 yuan/ton-300
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 market7,850 yuan/ton7,750 yuan/ton-100
Benzene domestic market5,160 yuan/ton4,600 yuan/ton-560
Benzene overseas  market602 $/ton623 $/ton
+21
Ethylene South East market700 $/ton690 $/ton-10
Ethylene NWE  market790 $/ton787 $/ton-3
Acrylonitrile ACN  domestic market8,500 yuan/ton8,200 yuan/ton-300
Acrylonitrile ACN  overseas market1,300 $/ton1,250 $/ton-50
Acrylic staple fiber ASF  domestic market14,200 yuan/ton14,200 yuan/ton
Viscose Staple Fiber VSF  domestic market9,600 yuan/ton9,300 yuan/ton-300
PP Powder domestic market6,860 yuan/ton6,630 yuan/ton-230
Naphtha overseas market 

Petrochemical Plastics Polyamides Naphtha

432 $/ton409 $/ton
-23
Phenol domestic market 7,162 yuan/ton6,925 yuan/ton-237
PS Taiwan 5250 GPPS1,015 $/ton 1,015 $/ton
PS Taiwan 8250 HIPS1,130 $/ton 1,120 $/ton-10
LDPE CFR Far East 862 $/ton862 $/ton
LLDPE CFR Far East797 $/ton802 $/ton+5
LDPE   FOB Middle East852 $/ton852 $/ton
LLDPE FOB Middle East787 $/ton792 $/ton+5
HDPE CFR Far East792 $/ton802 $/ton+10
LDPE FD Northwest Europe 953 €/ton953 €/ton-
LLDPE FD Northwest Europe 923 €/ton923 €/ton
Homopolymer PP CFR Far East860 $/ton855 $/ton-5
Homopolymer PP FD NWE991 €/ton991 €/ton

Petrochemical Plastics Polyamides Naphtha

 

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Petrochemicals Closed Loop PEF 09-03-2020

Petrochemicals Closed Loop PEF

Petrochemical Plastics Polyamides Naphtha Prices

Petrochemicals Closed Loop PEF

-Nestlé signs up to European Plastics Pact to push for 100% recyclable or reusable packaging

Food and beverage giant Nestlé has announced that its European business is following in the footsteps of its UK operations by signing up to the European Plastics Pact to help achieve its goals of ensuring packaging is 100% reusable or recyclable by 2025.

Nestlé UK and Ireland was a founding member of the world’s first plastic pact, launched in the UK by WRAP in 2018. The company has now committed to a European version of the pact, convened by France and the Netherlands, to promote the circular economy across its European markets.

The European Plastics Pact commits signatories to reducing virgin plastic products and packaging by at least 20%, raising the collection and recycling capacity of plastics in Europe by at least 25% and boosting the use of recycled content in plastic packaging to an average of 30%.  Petrochemicals Closed Loop PEF

Petrochemicals Closed Loop PEF

Crude Oil Prices Trend

Crude Oil Prices Trend

-Sinopec Puts Its First Meltblown Non-Woven Fabric Line into Production

Forty-eight hours ahead of schedule, Sinopec Corp, China’s leading energy and chemical company, put its first melt-blown non-woven fabric assembly line into operation at its Yanshan factory in Beijing on March 6. The Yanshan factory is a converted 3600 square meter old warehouse that has found new life as a global production base following the challenges brought by the coronavirus outbreak.

The 14,400-ton capacity Yanshan facility is one of Sinopec’s two melt-blown non-woven fabric assembly bases and is co-managed with China National Machinery Industry Corporation. The base has two non-woven production lines and three spunbond production lines and can produce up to 4 tons of melt-blown fabric for 1.2 million N95 disposable masks or 6 tons for 6 million disposable masks per day.Petrochemicals Closed Loop PEF

Sinopec Puts Its First Meltblown Non-Woven Fabric Line into Production

-Corona: Crude tumbles, Brent at lowest since June 17

The price of Brent crude has now fallen around more than 30 percent this year. Brent had touched $71.75 per barrel on January 8 this year and is now trading at $45.50 per barrel.

New Delhi: International crude oil prices went into downward spiral after major oil producers failed to reach an agreement to reduce production, as concerns about coronavirus impact spread across the globe.Petrochemicals Closed Loop PEF

Corona: Crude tumbles, Brent at lowest since June 17

-Eastman Talks Increasing Demand for Recycled Materials

Holli Alexander, Eastman’s strategic initiative manager of global sustainability, discusses the company’s recycling initiatives.

I recently attended the Plastics Recycling Conference in Nashville, Tenn. Much talk centered on how brand owner commitments to using more recycled material are placing an increasing amount of importance on obtaining recycled feedstock. This prompts an important question: where is this additional material going to come from?

Last year, we saw lots of new announcements from material companies getting involved in the recycled arena. One big player is Eastman, which sees sourcing recycled feedstock as both a “challenge and an opportunity” for the industry.Petrochemicals Closed Loop PEF

Petrochemicals Closed Loop PEF

-US PE tariff exemptions

Several importers and trading firms have received approvals for tariff exemptions on US-origin linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE), about two weeks after the Chinese government announced the initiative as part of easing trade tensions with the west.

The approvals for tariff exemptions on polyethylene (PE) came after successful applications for local propane dehydrogenation (PDH) operators who will also receive exemptions on US-origin propane imports.Petrochemicals Closed Loop PEF

Petrochemicals Closed Loop PEF

AQUAFIL – An equity security undervalued by 126% and in line with the green economy. Buy now ( Italian Language Only)
There is a stock in Piazza Affari that could be an excellent medium / long-term opportunity: Aquafil (MIL: ECNL).
The company has a very interesting history and owes its leadership in the eco-friendly synthetic fibers sector to its CEO and President Bonazzi. In fact, the company was born as a yarn manufacturer.

However, everything changed in 1998, when Bonazzi was invited to participate in a company trip in which an American entrepreneur, of whom Aquafil is a supplier, decided to share with all his collaborators the project of becoming a green company by 2020 through the exclusive use of recycled materials. The American entrepreneur is Ray Anderson, founder and president of Interface Inc.
Bonazzi accepts the challenge and launches into this sector. Thus was born Econyl, the ecological nylon obtained mainly from fishing nets and disused carpeting. Today Aquafil is not only the main supplier of Interface, but its Econyl is used all over the world by important companies. For example, it is widely used in Prada’s creations and an agreement has recently been signed with Safilo. The goal is to create the first eco-sustainable glasses.
The interesting project and the fashion trend to take great care of the green aspect, however,so far they have not served to get the stock to take off. From the listing that took place in April 2017 to today, in fact, the stock has lost about 60%, while from the historical highs it has lost about 70%.Petrochemicals Closed Loop PEF
This performance contrasts both with the analysts’ judgment and with the conclusion obtained by looking at fair value. For the former, in fact, Aquafil is underestimated on average by 126% with a BUY consensus, buy immediately .. In the case of fair value, on the other hand, the underestimation is around 50%.

Petrochemicals Closed Loop PEF

-ITALY :Government squeeze, Lombardy and 14 provinces in isolation. Conte(President of the Italian Council): “Changing the lifestyle” ( Italian Language Only)

A new government measure extends the red zone. Movements blocked, only allowed in case of emergency. “Suspension” on the whole national territory for cinemas, theaters, museums, gaming rooms and Bingo. In the armored areas, however, also stop at gyms, swimming pools, spas and ski resorts. Shopping centers open only from Monday to Friday. Critical governors. Lombardia: “Right direction, messy draft”. Emilia Romagna: “We are looking for more coherent solutions”. Veneto: “Disproportionate solution”
New national measures to contain the coronavirus emergency have been defined. In article 1 of the draft of the new government decree there is a ban on entry and exit from Lombardy and 14 other provinces, and the extension of the controlled areas to Piedmont and Emilia-Romagna. In detail, the provinces that have become “red zone” are as follows: Modena, Parma, Piacenza, Reggio Emilia, Rimini, Pesaro and Urbino, Venice, Padua, Treviso, Asti, Vercelli, Novara, Verbano Cusio Ossola and Alessandria. All new provisions are valid from March 8th until April 3rd.Petrochemicals Closed Loop PEF
Coronavirus, Conte: “Strict measures for 14 provinces. We cannot afford forms of aggregation”

Petrochemicals Closed Loop PEF

-In Denim, Investing in Sustainable Technology Is the New Normal

Eco-friendly denim is more ubiquitous than ever, but bringing it to market hasn’t been easy. Nor cheap, for that matter.

While planet-pandering technologies—think Jeanologia’s water-sipping denim-finishing systems, Tonello’s bleach-less OBleach or Archroma’s botanically derived EarthColors—are increasingly available, they also require upfront costs from the mills that employ them.

“Sustainability is really linked to research and innovation,” said Francesca Polato, marketing manager at Berto in Italy. “If the company doesn’t invest, there is no innovation and, as a consequence, there is no sustainability.”  Petrochemicals Closed Loop PEF

Petrochemicals Closed Loop PEF

-OPEC, allies fail to reach deal on oil production cuts

OPEC and its allies failed to reach a deal on oil production cuts on Friday, after Moscow refused to tighten supply to counter the effects of the coronavirus outbreak.

The day before, OPEC ministers had recommended reducing output by 1.5 million barrels per day in face of the global slowdown caused by the epidemic and the resulting fall in demand for oil. Petrochemicals Closed Loop PEF

But the decision hinged on agreement from the so-called OPEC+ grouping — Russia foremost among them

And on Friday, Russian Energy Minister Alexander Novak said that the talks between OPEC and his OPEC+ grouping had failed to bring about a deal.

OPEC, allies fail to reach deal on oil production cuts

-The Truth About Bioplastic

If you’re not the type to bring a reusable bag to the store, bioplastics have become an increasingly attractive alternative to the plastic that is slowly strangling the oceans, rivers, municipalities, and the very sediment record of Earth itself.

The name itself evokes nature, the packaging is often coloured green, the labels highlight how it was made from corn or compostable.Petrochemicals Closed Loop PEF

There’s something sweetly seductive looking at a bioplastic cup and imagining it ending up in a huge compost pile where it will natural degrade over a few weeks or months into fertiliser that can be used to grow more corn.

The Truth About Bioplastic

Petrochemicals Closed Loop PEF

Petrochemicals Closed Loop Plastic 07-03-2020

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