Petrochemicals Enzymes CrudeOil ACN 15-06-2020

Petrochemicals Enzymes CrudeOil ACN


Petrochemical Polymers PETBottles MEG Trend

Petrochemicals Enzymes Crude Oil ACN

Crude Oil Prices Trend 

Crude Oil Prices Trend  Polyestertime

-Saudi Arabia will ‘come out on top’ in oil markets, JP Morgan predicts

Saudi Arabia will see its share of the market rise from the current level of 11.6% to around 15%: JP Morgan

Saudi Arabia’s strategy in the oil market has won a vote of confidence from the American investment bank JP Morgan, which predicts the Kingdom will “come out on top” in the global energy business. Petrochemicals Enzymes CrudeOil ACN

“Saudi Arabia will come out on top in the fight for market share as non-OPEC and US production fades,” JP Morgan analyst Chrystian Malek said in a report on the oil industry, which suggested that Saudi Arabia will see a large increase in its share of the international oil market as the American shale industry weakens and production declines from outside the Organization of Petroleum Exporting Countries (OPEC).

Petrochemicals Enzymes Crude Oil ACN

-Europe PET boosted by appetite for local product, lockdowns easing but uncertainty remains

Millions of polyethylene terephthalate (PET) bottle sales are lost as mass gatherings across Europe are cancelled, flights are grounded, and tourism is displaced, but as society flickers back to life the industry holds onto a glimmer of hope.

“It is true that summer events are cancelled and international tourism is not expected to come back; Europeans will, however, stay home and after lockdown period want to ‘celebrate’ life,” a producer said.Petrochemicals Enzymes CrudeOil ACN

Despite the recommendation from the European Commission – the EU’s executive body – for member states within the visa-free Schengen area to lift border restrictions by 15 June, the Staycation may remain a priority over international holidays this summer.

Petrochemicals Enzymes Crude Oil ACN

-A pandemic of plastics

One of the hidden costs of COVID-19 is a dramatic increase in single-use plastics – more plastic bags, more take-out containers, more disposable cutlery, and tons of PPE.

This increase may have temporarily been necessary, but our plastic waste is everywhere and is itself a global health issue. We know it is killing birds and fish, is in our bloodstream, and is even in the arctic ice. Petrochemicals Enzymes CrudeOil ACN

And plastics may be worse than we thought. According to a recent report by the Center for International Environmental Law, (CIEL), plastic production and disposal are a major driver of climate change.

Petrochemicals Enzymes Crude Oil ACN

-Oil Demand Isn’t Roaring Back Yet

It was too good to be true. Last weekend’s OPEC+ meeting took a decision in record time to extend deep output cuts that had halted a dramatic slide in prices — and members even agreed to abide by them. The timing was perfect. The deal would keep oil from flooding the market, allowing time for demand to recover as economies around the world fire back up after draconian coronavirus lockdowns.

Yet oil prices aren’t recovering as the bulls had hoped. Yes, there is a rebalancing of supply and demand in the offing, but consumption hasn’t picked up quite as much as they hoped it would by now.  Petrochemicals Enzymes CrudeOil ACN

Oil Demand Isn’t Roaring Back Yet

-Shiva Texyarn launch antiviral fabric with HeiQ Viroblock

Shiva Texyarn, a textile company, has launched antiviral fabric treated with HeiQ Viroblock NPJ03, a treatment that was proven to deactivate most viruses including coronavirus in the shortest possible time, an innovation from the Swiss textile innovation leader HeiQ Materials AG and co-distributed with Taiwanese Specialty chemical major Jintex Corporation.Petrochemicals Enzymes CrudeOil ACN

Shiva Texyarn launches first of its kind antiviral fabrics in the Indian market.

“HeiQ Viroblock is a special combination of our advanced silver and vesicle technology that has been proven effective against the human coronavirus 229E with over 99.99 per cent reduction of virus. It is safe and non-toxic. A patent has been filed. We are pleased to launch this for the first time in India on PPE with Shiva Texyarn,” Carlo Centonze, CEO of HeiQ ,said in a press release.

Shiva Texyarn launch antiviral fabric with HeiQ Viroblock

-OPEC, Russia approve biggest-ever oil cut amid coronavirus pandemic

OPEC and allies led by Russia agreed on Sunday to cut oil output by a file quantity — representing round 10 p.c of worldwide provide — to assist oil costs amid the coronavirus pandemic, and sources mentioned efficient cuts might quantity to as a lot as 20 p.c.  Petrochemicals Enzymes CrudeOil ACN

Measures to gradual the unfold of the coronavirus have destroyed demand for gas and pushed down oil costs, straining budgets of oil producers and hammering the US shale trade, which is extra weak to low costs because of its larger prices.

The group, often called OPEC+, mentioned it had agreed to scale back output by 9.7 million barrels per day (bpd) for Could-June, after 4 days of marathon talks and following stress from US President Donald Trump to arrest the worth decline.

-Covid: OPEC gets chance to gain upper hand in long battle with shale production

For the time being, the Organization of Petroleum Exporting Countries and its allies are relinquishing their share of the market in a bid to prop up crude prices, slashing millions of barrels of output as the pandemic crushes fuel demand.

Once the global oil market emerges from the coronavirus crisis, it may be greeted by a surprising change: greater dependence on crude from OPEC.

For the time being, the Organization of Petroleum Exporting Countries and its allies are relinquishing their share of the market in a bid to prop up crude prices, slashing millions of barrels of output as the pandemic crushes fuel demand.Petrochemicals Enzymes CrudeOil ACN

Covid: OPEC gets chance to gain upper hand in long battle with shale production

-Innovative edible oil PET packaging from BL Agro

Ashish Khandelwal, executive director of Bareilly-based producer of edible oils, BL Agro, explains how it has disrupted the Indian market by venturing into rigid PET packaging and how it has further enhanced its bottle design by lightweighting them

Brand brief – BL Agro

BL Agro is a family-owned company founded in 1945. The company produces Bail Kolhu, a mustard oil, and Nourish, which is the brand name for its food products and its refined oil category such as sunflower, rice bran, and soya bean oil.

With eight facilities in the area around Bareilly in Uttar Pradesh, BL Agro runs one packaging unit and two refinery units, where it manages a range of packaging formats such as bottles of 200 millilitres, 500 millilitre and one litre in American boxes; two litres and five litres bottles in wrap-around blanks; 15 litres polyethylene terephthalate (PET) jars – altogether accounting for 140 different SKUs.

The company installed three lines of Sidel PET manufacturing machines between 2014 and 2019. Petrochemicals Enzymes CrudeOil ACN

Innovative edible oil PET packaging from BL Agro

-The oil and coronavirus crises may hasten US geopolitical decline

The economic and oil crises could usher in a period of higher tensions between the US and China.Petrochemicals Enzymes CrudeOil ACN

The continuing COVID-19 crisis has complicated geopolitics in many different ways. The geopolitics of oil is one prominent example.

The economic misery enveloping the world, deepened by the crash in oil prices, has sharpened a split within the United States ruling elite. Those who support and fund President Donald Trump are aligned with domestic US energy companies that suddenly face a great risk from plummeting oil and gas demand. This abrupt market downturn has forced Whiting Petroleum to file for bankruptcy and there are already reports that Chesapeake Energy is preparing to do the same. Many others may follow.

The oil and coronavirus crises may hasten US geopolitical decline

Petrochemicals Enzymes CrudeOil ACN

Petrochemicals Enzymes Automotive PP 13-06-2020

Petrochemical Polymers PETBottles MEG Trend

Petrochemical Polymers PETBottles MEG

Petrochemical Polymers PETBottles MEG

Bottle grade PET chips domestic market5,700 yuan/ton5,575 yuan/ton-125
Bottle grade PET chips export market690 $/ton690 $/ton
Filament grade Semidull chips domestic market

Petrochemical Polymers PETBottles MEG

4,950 yuan/ton4,800 yuan/ton-150
Filament grade Bright chips domestic market5,050 yuan/ton4,900 yuan/ton-150
Pure Terephthalic Acid PTA domestic market3,655 yuan/ton3,550 yuan/ton-105
Pure Terephthalic Acid PTA export market
450 $/ton425 $/ton-25
Monoethyleneglycol MEG domestic market3,650 yuan/ton3,470 yuan/ton-165
Monoethyleneglycol MEG export market430 $/ton412 $/ton--18
Paraxylene PX FOB  Taiwan market521 $/ton514 $/ton-7
Paraxylene PX FOB  Korea market503 $/ton496 $/ton-7
Paraxylene PX FOB EU market

Petrochemical Polymers PETBottles MEG

451 $/ton443 $/ton-8
Polyester filament POY 150D/48F domestic market5,715 yuan/ton5,635 yuan/ton
Recycled Polyester filament POY  domestic market5,800 yuan/ton5,800 yuan/ton
Polyester filament DTY 150D/48 F domestic market7,250 yuan/ton7,250 yuan/ton
Polyester filament FDY 68D24F domestic market 7,100 yuan/ton7,050 yuan/ton-50
Polyester filament FDY 150D/96F domestic market
Petrochemical Polymers PETBottles MEG
6,450 yuan/ton6,380 yuan/ton-70
Polyester staple fiber 1.4D 38mm domestic market6,000 yuan/ton5,900 yuan/ton-100
Caprolactam CPL domestic market10,350 yuan/ton10,550 yuan/ton
Caprolactam CPL overseas  market1,090 $/ton1,110 $/ton+20
Nylon6 chips overseas  market1,350 $/ton1,350 $/ton
Nylon6 chips conventional spinning domestic  market11,700 yuan/ton11,650 yuan/ton-50
Nylon6 chips  high speed spinning domestic  market11,600 yuan/ton11,550 yuan/ton-50
Nylon 6.6 chips domestic  market18,000 yuan/ton18,500 yuan/ton+500
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Polymers PETBottles MEG

13,600 yuan/ton13,650 yuan/ton+50
Nylon6 Filament DTY 70D/24F domestic  market16,300 yuan/ton16,500 yuan/ton+200
Nylon6 Filament FDY  70D/24F  domestic  market14,100 yuan/ton14,500 yuan/ton+400
Spandex 20D  domestic  market36,000 yuan/ton36,000 yuan/ton
Spandex 30D  domestic  market35,000 yuan/ton35,000 yuan/ton
Spandex 40D  domestic  market29,000 yuan/ton28,500 yuan/ton-500
Adipic Acid domestic market6,500 yuan/ton6,450 yuan/ton-50
Benzene domestic market3,650 yuan/ton3,500 yuan/ton-150
Benzene overseas  market429 $/ton426 $/ton
Ethylene South East market680 $/ton755 $/ton+75
Ethylene NWE  market587 $/ton583 $/ton-4
Acrylonitrile ACN  domestic market8,600 yuan/ton8,600 yuan/ton
Acrylonitrile ACN  overseas market1,000 $/ton1,000 $/ton
Acrylic staple fiber ASF  domestic market11,300 yuan/ton11,300 yuan/ton
Viscose Staple Fiber VSF  domestic market8,800 yuan/ton8,700 yuan/ton-100
PP Powder domestic market7,400 yuan/ton7,300 yuan/ton-100
Naphtha overseas market 

Petrochemical Polymers PETBottles MEG

352 $/ton337 $/ton
Phenol domestic market 7,450 yuan/ton7,800 yuan/ton+350
PS Taiwan 5250 GPPS990 $/ton 990 $/ton
PS Taiwan 8250 HIPS1,110 $/ton 1,120 $/ton+10
LDPE CFR Far East 852 $/ton872 $/ton+20
LLDPE CFR Far East752 $/ton782 $/ton+30
LDPE   FOB Middle East844 $/ton864 $/ton+20
LLDPE FOB Middle East744 $/ton774 $/ton+30
HDPE CFR Far East794 $/ton803824 $/ton+30
LDPE FD Northwest Europe 853 €/ton863 €/ton-+10
LLDPE FD Northwest Europe 803 €/ton803 €/ton
Homopolymer PP CFR Far East860 $/ton895 $/ton+35
Homopolymer PP FD NWE831 €/ton841 €/ton+10

Petrochemical Polymers PETBottles MEG