Petrochemicals Crude Oil Polylactic 23-03-2020

Petrochemicals Crude Oil Polylactic

Petrochemical Plastics Polyethylene Terephthalate Prices

Petrochemicals Crude Oil Polylactic

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Italy closes everything, a new decree completely stops Italy, only essential services are open ( Italian Languge Only)

Italy stops the whole country. New even more restrictive measures come into force throughout Italy.

The Prime Minister Giuseppe Conte announced it with a direct facebook after a day of meetings and discussions.

A new decree is on the way and will come into force very soon however before the reopening of Monday’s activities.

It will probably be in effect from midnight on Sunday 22 March.

The virus continues to run therefore the country stops as well as in the afternoon Lombardy and Piedmont had already decided to do.

But the closure is less stringent than that of the two worst affected regions.
Stop any activity that is not absolutely essential.

The work must be done exclusively in smart working. Construction sites stop, factories stop. Professional studies stop, but only partially.

-Lower For Longer: COVID-19’s Impact On Crude Oil And Refined Products

The price of crude has dropped to levels that we have not seen in a generation.

The driver for this has been the disagreement between Russia and Saudi Arabia about decreasing production by 1.5 million barrels per day and instead increasing production by about 2 million barrels per day.

The global demand for oil until recently was about 100 million barrels per day. After nearly five years of oversupply, supply had finally come into close agreement with demand.

Petrochemicals Crude Oil Polylactic

-Amcor Develops First 100% Post-Consumer Recycled Clear PET Container

Global packaging company Amcor has just developed and launched a PET container made from 100% post-consumer recycled (PCR) content resin. According to the company, the clear bottles are the first of its kind in the world. They are available in 2 sizes, and were created for Californian multivitamin brand Ritual.

Australian multinational packaging company Amcor recently debuted a new 100% recycled plastic container for Ritual. The clear bottles are available in two sizes, 100 and 150 cubic centimetres, and the first kind to be manufactured using only PCR content resin, most of which derived from PET plastic bottles. Petrochemicals Crude Oil Polylactic

Petrochemicals Crude Oil Polylactic

-Indian buyers source local polymers as rupee declines

Indian converters are turning to locally produced polymers as the coronavirus pandemic is triggering a sharp drop in the rupee.

The rupee stood at 75 against the US dollar on 20 March, a historic low.

Imports of polymers from the Middle East, purchased in US dollars, typically takes up to a month to arrive in India.

Buyers need not worry about shipment delays, when local ports tighten measures, if they source domestic supply. Petrochemicals Crude Oil Polylactic

Petrochemicals Crude Oil Polylactic

-EUBP raises concerns over EASAC report on biobased and biodegradable plastics

European Bioplastics has said that statements in the ‘Packaging plastic in the circular economy’ report by the European Academies’ Science Advisory Council lead to some questionable recommendations to EU institutions and citizens.

EUBP says that the report mainly raises emotional and not science-based arguments while being critical about bioplastics, and gives the idea that biodegradability and durability are properties that cannot coexist.  Petrochemicals Crude Oil Polylactic

Petrochemicals Crude Oil Polylactic

-Europe on course for sharp reduction in power demand

  • Italian demand plummets in week 12
  • Worse-hit regions suggest further falls likely
  • Downside for UK and German prices in lockdown scenario

Power sector demand across key European countries is set for a major slump over the coming weeks as countries scale-up their efforts to tackle the spread of the coronavirus.

Demand in Italy, which has been hit the hardest by the outbreak, has dropped 10% compared to its five-year average for March during the second week of its nationwide lockdown.  Petrochemicals Crude Oil Polylactic

Petrochemicals Crude Oil Polylactic

-PolyOne/Clariant masterbatch deal in doubt amid coronavirus crisis

The worsening coronavirus (Covid-19) crisis and likely recession could jeopardise PolyOne’s deal to acquire Clariant’s masterbatch business for $1.6bn.

In a conference call on Friday, PolyOne CEO Robert Patterson said that the deal includes a “major adverse event clause” (MAC)”, and “we are going to take care, first and foremost, of our investors’ money”.  Petrochemicals Crude Oil Polylactic

Given the “tremendous uncertainty about almost everything” because of the crisis, PolyOne will not proceed with the deal “under any or all circumstance”, he said.

-PolyOne/Clariant masterbatch deal in doubt amid coronavirus crisis

-Microplastics can be Released by Just Opening a Plastic Bottle

Scientists at the University of Newcastle, Australia, have discovered that microplastics are released just by the action of opening a plastic bottle. These findings are significant, given the potential for microplastics to harm the environment as their debated role in human health.

Microplastics Pose a Threat to The Environment and Potentially Human Health

Microplastics pose a significant threat to the health of our marine ecosystems. In the form of tiny fibers, microbeads, and tiny plastic fragments, microplastics have entered the marine environment and studies have shown that they are present in 114 aquatic species, over half of which are consumed by humans. Petrochemicals Crude Oil Polylactic

Microplastics can be Released by Just Opening a Plastic Bottle

-ANDRITZ To Supply A Turnkey Spunlace Line To BCNonwovens, Spain

International technology Group ANDRITZ has received an order from BCNonwovens, Spain, to supply a neXline spunlace line as a turnkey project to meet growing needs from customers globally. The line is scheduled for start-up early in 2021.

This new state-of-the-art line will help BCNonwovens to better serve its customers and position the company for current and changing requirements in the marketplace. Petrochemicals Crude Oil Polylactic

ANDRITZ To Supply A Turnkey Spunlace Line To BCNonwovens, Spain

Petrochemicals Crude Oil Polylactic

Petrochemicals Crude Oil Biofilm 21-03-2020

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Petrochemical Plastics Polyethylene Terephthalate Prices

Petrochemical Plastics Polyethylene Terephthalate

Petrochemical Plastics Polyethylene Terephthalate

Polyestertime
ITEM16/03/202023/03/2020+/-
Bottle grade PET chips domestic market5,600 yuan/ton5,325 yuan/ton-275
Bottle grade PET chips export market740 $/ton700 $/ton-40
Filament grade Semidull chips domestic market

Petrochemical Plastics Polyethylene Terephthalate

5,200 yuan/ton4,675 yuan/ton-525
Filament grade Bright chips domestic market5,300 yuan/ton4,800 yuan/ton-500
Pure Terephthalic Acid PTA domestic market3,700 yuan/ton3,280 yuan/ton-420
Pure Terephthalic Acid PTA export market
470 $/ton 435 $/ton-35
Monoethyleneglycol MEG domestic market3,880 yuan/ton3,450 yuan/ton-430
Monoethyleneglycol MEG export market465 $/ton408 $/ton-57
Paraxylene PX FOB  Taiwan market611 $/ton532 $/ton-79
Paraxylene PX FOB  Korea market593 $/ton514 $/ton-79
Paraxylene PX FOB EU market

Petrochemical Plastics Polyethylene Terephthalate

535 $/ton472 $/ton-63
Polyester filament POY 150D/48F domestic market6,200 yuan/ton5,600 yuan/ton
-600
Recycled Polyester filament POY  domestic market6,300 yuan/ton6,050 yuan/ton-250
Polyester filament DTY 150D/48 F domestic market8,150 yuan/ton7,700 yuan/ton-450
Polyester filament FDY 68D24F domestic market 7,000 yuan/ton6,850 yuan/ton-150
Polyester filament FDY 150D/96F domestic market
Petrochemical Plastics Polyethylene Terephthalate
6,700yuan/ton6,200 yuan/ton-500
Polyester staple fiber 1.4D 38mm domestic market6,180 yuan/ton5,900 yuan/ton-280
Caprolactam CPL domestic market9,400 yuan/ton8,500 yuan/ton
-900
Caprolactam CPL overseas  market1,165 $/ton1,100 $/ton-65
Nylon6 chips overseas  market1,500 $/ton1,420 $/ton-80
Nylon6 chips conventional spinning domestic  market10,750 yuan/ton10,000 yuan/ton-750
Nylon6 chips  high speed spinning domestic  market10.700 yuan/ton10.000 yuan/ton-700
Nylon 6.6 chips domestic  market22,350 yuan/ton22,000 yuan/ton-350
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Plastics Polyethylene Terephthalate

13,100 yuan/ton12,600 yuan/ton-500
Nylon6 Filament DTY 70D/24F domestic  market16,100 yuan/ton15,700 yuan/ton-400
Nylon6 Filament FDY  70D/24F  domestic  market14,200 yuan/ton13,800 yuan/ton-400
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 market7,450 yuan/ton7,200 yuan/ton-250
Benzene domestic market4,500 yuan/ton3,650 yuan/ton-850
Benzene overseas  market520 $/ton423 $/ton
-97
Ethylene South East market600 $/ton530 $/ton-70
Ethylene NWE  market713 $/ton588 $/ton-25
Acrylonitrile ACN  domestic market8,000 yuan/ton8,000 yuan/ton
Acrylonitrile ACN  overseas market1,200 $/ton1,150 $/ton-50
Acrylic staple fiber ASF  domestic market14,200 yuan/ton13,600 yuan/ton-600
Viscose Staple Fiber VSF  domestic market9,300 yuan/ton9,300 yuan/ton
PP Powder domestic market6,900 yuan/ton6,350 yuan/ton-550
Naphtha overseas market 

Petrochemical Plastics Polyethylene Terephthalate

308 $/ton252 $/ton
-56
Phenol domestic market 6,450 yuan/ton6,250 yuan/ton-200
PS Taiwan 5250 GPPS1,000 $/ton 970 $/ton-30
PS Taiwan 8250 HIPS1,110 $/ton 1,090 $/ton-20
LDPE CFR Far East 862 $/ton852 $/ton-10
LLDPE CFR Far East792 $/ton772 $/ton-20
LDPE   FOB Middle East852 $/ton842 $/ton-10
LLDPE FOB Middle East782 $/ton762 $/ton-20
HDPE CFR Far East792 $/ton762 $/ton-30
LDPE FD Northwest Europe 943 €/ton943 €/ton-
LLDPE FD Northwest Europe 913 €/ton913 €/ton
Homopolymer PP CFR Far East845 $/ton820 $/ton-25
Homopolymer PP FD NWE991 €/ton971 €/ton-20

 

Petrochemical Plastics Polyethylene Terephthalate

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Petrochemicals Circular Economy Polylactic 24-03-2020

Petrochemicals Circular Economy Polylactic

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-PET packaging flies off the shelves in Europe, defying current challenges

Watch senior editor Caroline Murray discuss the challenges faced by the polyethylene terephthalate  (PET) industry.

Deliveries hampered by difficult logistics

An effective workforce amid health crisis

Recessionary fears may affect ‘peak’ season

Petrochemicals Circular Economy Polylactic

-Monforts Head Of Technical Textiles Jürgen Hanel Outlines The Development Of The Textile Coating Industry

Humans are the only primates without fur to protect themselves from the elements and first used animal skins and furs to shield themselves from either the cold or from UV radiation, depending on where they were in the world. Petrochemicals Crude Oil Polylactic

Over 5,000 years ago, fabrics woven from plant fibres and wool were then developed, bringing many advantages such as their warmth, softness and breathability, as well as UV-shielding, and the development of dyeing gradually gave rise to the concept of fashion.

Petrochemicals Circular Economy Polylactic

-Sarnia’s Auto House Honda PRESENTED BY SARNIA’S AUTO HOUSE HONDA

Imperial Oil scales back maintenance turnaround at Sarnia site

Imperial Oil has reduced the scope of a spring maintenance turnaround at its Sarnia manufacturing site in response to the COVID-19 outbreak.

Imperial Oil has reduced the scope of a spring maintenance turnaround at its Sarnia manufacturing site in response to the COVID-19 outbreak.

That change is expected to significantly reduce the number of contractors and tradespeople working on the site during the turnaround.

The turnarounds used by industry for maintenance and other upgrades at production sites are a major source of work for construction tradespeople in the Sarnia area, which is home to several refineries and chemical plants.

Petrochemicals Circular Economy Polylactic

-DSM HONORS PROFESSOR MARC HILLMYER WITH THE 2020 BRIGHT SCIENCE AWARD IN MATERIALS SCIENCES

Royal DSM, a global science-based company in Nutrition, Health and Sustainable Living, today announces that it has awarded Professor Marc Hillmyer, from the Chemistry Department at the University of Minnesota Twin Cities, with the 2020 Bright Science Award in materials sciences. The jury selected Professor Hillmyer because of the scientific breadth and depth of his work and its relevance to the advancement of bio-based and circular materials.

Over the past few decades, linear economic consumption of material resources has left the world facing a series of defining, complex and interdependent environmental challenges. It’s this concerning landscape that underpins the Bright Science Award in materials sciences. This award is for scientists who have made major contributions to fundamental or applied research in the field of sustainable materials and whose work is instrumental in helping businesses involved in materials industries adopt more sustainable strategic directions.

Petrochemicals Circular Economy Polylactic

-Analysis on impacts of low oil price on spandex industrial chain

Crude oil prices plummeted recently and entered the era of low oil prices. Spandex industrial chain is dominated by spot, and the long industrial chain causes that the impact of low oil prices on cost is slow.

PTMEG faced losses pressure, and the easing effects of crude oil slump on cost was very limited

As prices of BDO and PTMEG were at below the cost line, so the reaction to declining cost may be relatively slow. In addition, the processing routes of BDO and PTMEG were various, and crude oil accounted for a small part of domestic units. Thus, the crude oil plunge is unlikely to put downward pressure on prices in short term.

Petrochemicals Circular Economy Polylactic

-Next Five Years Could be Pivotal for Bioplastics

Plastic pollution is rapidly becoming one of the world’s biggest environmental issues as increasing production of single use plastic products far outweighs the world’s ability to deal with them.

This is particularly visible in African and Asian nations, where trash collection infrastructure is often lacking, although Europe and North America also struggle to collect discarded plastics and recycling rates remain troublingly low.

Most plastics are currently made from petrochemical feedstocks, furthering the world’s dependency on crude oil.  Petrochemicals Crude Oil Polylactic

Despite growing awareness around the problems of plastics, global plastics production is growing, with the recent IDTechEx report, Bioplastics 2020-2025, forecasting plastics to pass 600 million tonnes/661 million tons by 2030.

Petrochemicals Circular Economy Polylactic

-Trinseo launches PULSE ECO Series containing recycled PC

Trinseo has launched a new portfolio of recycled content-containing PC/ABS for automotive applications.

Trinseo’s new PULSE ECO Series contains between 30 and 50 per cent recycled content, combining European-sourced post-industrial recycled (PIR) PC with Trinseo’s virgin MAGNUM ABS.

Developed using Trinseo’s unique PULSE GX technology, the new product family boasts strong technical features, such as superior flow properties, low temperature ductility, a low CO2 footprint and low density, allowing up to three per cent more parts per tonne compared to competitive materials.

Trinseo launches PULSE ECO Series containing recycled PC

-S&P Ratings slashes crude oil forecast for 2020 by $10 per barrel

Demand for jet fuel, which typically accounts for 8 to 10% of global oil supply has had ‘an immediate demand impact’

S&P Ratings slashed its forecast for oil prices by $10 a barrel, citing severe supply-demand imbalance due to the coronavirus outbreak.

The ratings agency lowered its 2020 assumptions for crude commodity benchmarks Brent and West Texas Intermediate to $30 and $25 a barrel, respectively, from previous $40 and $35 a barrel estimates. Price forecasts for 2021 and 2022 remain unchanged, S&P said.

S&P Ratings slashes crude oil forecast for 2020 by $10 per barrel

-Why Japan’s chemical firms still make drugs

They persist in the pharma business, even as chemical companies in the West have mostly exited

In November, the Japanese chemical producer Asahi Kasei agreed to buy the biotech firm Veloxis Pharmaceuticals for $1.3 billion. It was an unusual move by the standards of the international chemical industry. But not for Japan.

Throughout the 1990s and the first decade of the new millennium, Western chemical companies spent much energy on restructuring. A common move was to sell off pharmaceutical operations. This is what Dow, DuPont, and BASF did, as well as now-defunct firms like Rhône-Poulenc and Hoechst. The moves led to the creation of new drug giants, including Aventis (later absorbed by Sanofi) and Novartis.

Why Japan’s chemical firms still make drugs

-Why glass has a bright future – according to a packaging expert

As flexible packaging solutions continue to dominate the headlines in terms of sector growth and market share, what lies ahead for traditional materials such as glass? David Harrison, chief operating officer at the PPMA (Processing and Packaging Machinery Association) Group of Associations, explains why glass packaging still has a bright future.

With constant reports and predictions forecasting the ongoing growth and dominance of flexible packaging, it is easy to see why the outlook for more traditional solutions such as glass may look a little bleak. Indeed, the flexible packaging market is set to grow by 4.9 per cent by the year 2025 to reach a value of the $311.38 billion. And yet, if you look behind these initial headlines, there are positive trends that indicate glass-based packaging solutions still have their place in the global market and will continue to play an important role in the future of packaging.

Why glass has a bright future - according to a packaging expert

Petrochemicals Circular Economy Polylactic

 

Petrochemicals Crude Oil Polylactic 23-03-2020

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