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Crude Oil Prices Trend
The latest data show that US textile and apparel imports reached 4.01 billion square meters in April, down by 23.6% year-on-year and 4.2% month-on-month; the volume from China was 1,470 million square meters, down by 31.6% year-on-year but up by 56.8% month-on-month. In Jan-Apr, the cumulative US textile and apparel imports were 18.67 billion square meters, down 13.9% year-on-year; the volume from China was 6.65 billion square meters, down 27.5% year-on-year.
China’s market share somewhat increased over the last month.
Since Aug 2019, textile and apparel imported from China decreased their shares in the US market. Due to the Sino-US trade war in 2019 coupled with negative impact of COVID-19 in 2020, the volume proportion of US textile and apparel has dropped to 22.4% in Mar, and the value proportion sharply decreased to 13.4%. However, the proportion increased in Apr, rising to 36.8% and 23.1% respectively.
Prices spent much of the session lower on worry about oversupply from Gulf producers, U.S. production Petrochemicals Enzymes CrudeOil PET
Crude oil futures gave up earlier losses on Tuesday to finish higher, with expectations for a rebound in energy demand among the reasons for the late day turnaround.
Prices had spent most of the session trading lower on the back of worries about compliance with a newly-extended pact between the Organization of the Petroleum Exporting Countries and its allies to cut production by nearly 10 million barrels. In addition, Gulf producers may end their voluntary extra output cuts at the end of June and U.S. producers may reverse output cuts as prices rise.
Sending out first shipments of mass-produced products with the goal of becoming a global leader for automotive compound materials Petrochemicals Enzymes CrudeOil PET
Mitsui Chemicals, Inc. (Tokyo: 4183; President & CEO: HASHIMOTO Osamu) and Prime Polymer Co., Ltd. (President: FUJIMOTO Kensuke; owned 65 percent by Mitsui Chemicals and 35 percent by Idemitsu Kosan Co., Ltd.) have launched operations at Mitsui Prime Advanced Composites Europe B.V. (ACE), a joint venture first established in June 2018 with Mitsui & Co., Ltd. (Tokyo: 8031; President & CEO: YASUNAGA Tatsuo). Located within Chemelot Industrial Park in the Netherlands, ACE marks the Mitsui Chemicals Group’s first polypropylene (PP) compounding site in Europe.
The French praised the altruism of their prized textile and luxury goods companies when production facilities got diverted from churning out the latest fashions to making cloth masks designed to protect the general public from the coronavirus.
Now, the companies that helped France avoid a feared shortage of virus-filtering face wear for everyday use say they need help to unload a surplus of 20 million masks. They asked the French government for assistance promoting and finding buyers for the unsold output of the industry’s national effort. Petrochemicals Enzymes CrudeOil PET
Hundreds of textile and clothing manufacturers answered the government’s call for millions of masks superior to homemade versions. President Emmanuel Macron last month sported a military-tested model embroidered with the tri-color national flag to advertise the “Made in France” masks.
Although we often aim to recycle the used macromolecular chains, a quantified study defines the scope of the recycling and peeks into the areas of improvement.
For instance, recycling a material that loses half of its carbon content from collecting the waste material till feeding it into the recycling pathway is of no economic value.
Petrochemicals Enzymes CrudeOil PET
Made via template-based synthesis, the defective crystals actively mediate photocatalysis Petrochemicals Enzymes CrudeOil PET
Like microscopic fireflies, semiconductor nanocrystals, also known as quantum dots, light up intermittently. For more than 20 years, researchers have worked to understand and control these random fluctuations in light emission because the “blinking” limits the stability of quantum dot–based devices like solar cells and light-emitting diodes.
The observation of what may be a new type of blinking behavior suggests that researchers have more work to do (Angew. Chem., Int. Ed. 2020, DOI: 10.1002/anie.202005143).
A team led by Tao Zhang, Tewodros Asefa, and Alexei M. Tyryshkin of Rutgers University and Eliška Mikmeková of the Czech Academy of Sciences reports that treating a polymer-derived porous carbon template with a titanium dioxide precursor yields TiO2 nanocrystals—limited to 10 nm in diameter and riddled with oxygen vacancies—that blink in an unprecedented way.
Worley says it has been awarded a front-end engineering design (FEED) contract to develop a plant for Avantium (Amsterdam, Netherlands) that will produce 100% plant-based furandicarboxylic acid (FDCA). The project “will support the transition to a bio-based economy for plastics,” Worley says.
Avantium, a renewable chemicals and polymers firm, has announced that its subsidiary, Avantium Renewable Polymers, will locate the plant at Delfzijl, Netherlands. The facility will use a novel technology that converts plant sugars into a range of chemicals and plastics, such as polyethylene furanoate (PEF), “a next-generation plastic material,” Worley says.Petrochemicals Enzymes CrudeOil PET
PEF is a novel, fully recyclable, bio-based polymer with improved barrier performance and thermal properties, Worley says. “It has the potential to make a significant impact on the packaging, textiles, and film industries,” it says.
Serbian manufacturer of veneer seats and backrests SCS plus has opened a blow moulding unit for plastic products at its factory in the village of Podvis, Knjazevac municipality said on Friday.Petrochemicals Enzymes CrudeOil PET
The new production unit has a footprint of 1,000 square metres and will employ 50 people, in addition to the company’s current workforce of 120, Knjazevac municipality, in eastern Serbia, said a Facebook post.
-Consequences brought on by the pandemic have posed a severe threat to the global recycling industry and its future remains in jeopardy without support.
Speakers at a webinar hosted by the Bureau of International Recycling (BIR) this week discussed the immediate challenges facing the plastic recycling sector.
All speakers were in agreement that the current situation presented problems, with BIR chairman Henk Alssema dubbing it “one of the most challenging times ever seen” for the sector. Petrochemicals Enzymes CrudeOil PET
Bullish factors such as the decline in US shale oil production and China bounce-back will support the recovery of oil demand and prices, Dr. Mamdouh G. Salameh writes for TRENDS Research & Advisory.
“US shale oil producers have been for years taking advantage of OPEC+’s production cuts to enhance their market share”
According to Dr. Salameh, shale oil producers didn’t even spare a thought for other oil-producing nations of the world whose livelihood they have trampled on for years with the full knowledge that US taxpayers will bail them out
Dr. Salameh also wrote that China is bouncing back extremely quickly in all sectors with projections already abound that the country could grow at 6.8 percent in 2021 compared with 6.1 percent in 2019 Petrochemicals Enzymes CrudeOil PET
Some bullish factors are supporting the recovery of demand and prices of oil, which could hit $40-$50 a barrel in the second half of this year and touch $60 in early 2021, leading energy economist Dr. Mamdouh Salameh has said.
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