Petrochemical Compound PA Naphtha Trend

Petrochemical Compound PA Naphtha

Petrochemical Compound PA Naphtha

Bottle grade PET chips domestic market5,275 yuan/ton5,175 yuan/ton-100
Bottle grade PET chips export market665 $/ton665 $/ton


Filament grade Semidull chips domestic market

Petrochemical Compound PA Naphtha

4,600 yuan/ton4,550 yuan/ton-50
Filament grade Bright chips domestic market4,650 yuan/ton4,600 yuan/ton-50
Pure Terephthalic Acid PTA domestic market3,530 yuan/ton3,490 yuan/ton-40
Pure Terephthalic Acid PTA export market
445 $/ton435 $/ton-10
Monoethyleneglycol MEG domestic market3,710 yuan/ton3,845 yuan/ton+135
Monoethyleneglycol MEG export market452 $/ton475 $/ton-+23
Paraxylene PX FOB  Taiwan market548 $/ton535 $/ton-13
Paraxylene PX FOB  Korea market530 536 $/ton517 $/ton-13
Paraxylene PX FOB EU market

Petrochemical Compound PA Naphtha

449 $/ton454 $/ton+5
Polyester filament POY 150D/48F domestic market5,150 yuan/ton4,950 yuan/ton
Recycled Polyester filament POY  domestic market5,250 yuan/ton5,200 yuan/ton-50
Polyester filament DTY 150D/48 F domestic market6,650 yuan/ton6,500 yuan/ton-150
Polyester filament FDY 68D24F domestic market 6,450 yuan/ton6,300 yuan/ton-150
Polyester filament FDY 150D/96F domestic market
Petrochemical Compound PA Naphtha
5,675 yuan/ton5,500 yuan/ton-175
Polyester staple fiber 1.4D 38mm domestic market5,500 yuan/ton5,500 yuan/ton
Caprolactam CPL domestic market9,350 yuan/ton9,370 yuan/ton
Caprolactam CPL overseas  market1,025 $/ton1,040 $/ton+15
Nylon6 chips overseas  market1,260 $/ton1,260 $/ton
Nylon6 chips conventional spinning domestic  market10,450 yuan/ton10,900 yuan/ton+450
Nylon6 chips  high speed spinning domestic  market10,350 yuan/ton10,550 yuan/ton+200
Nylon 6.6 chips domestic  market19,000 yuan/ton19,300 yuan/ton+300
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Compound PX Naphtha

12,500 yuan/ton12,650 yuan/ton+150
Nylon6 Filament DTY 70D/24F domestic  market15,050 yuan/ton15,150 yuan/ton+100
Nylon6 Filament FDY  70D/24F  domestic  market13,300 yuan/ton13,350 yuan/ton+50
Spandex 20D  domestic  market35,000 yuan/ton35,000 yuan/ton
Spandex 30D  domestic  market34,000 yuan/ton34,000 yuan/ton
Spandex 40D  domestic  market28,200 yuan/ton28,500 yuan/ton+300
Adipic Acid domestic market6,150 yuan/ton6,130 yuan/ton-20
Benzene domestic market3,450 yuan/ton3,450 yuan/ton
Benzene overseas  market442 $/ton427 $/ton
Ethylene South East market690 $/ton695 $/ton+5
Ethylene NWE  market663 $/ton670 $/ton+7
Acrylonitrile ACN  domestic market8,000 yuan/ton8,300 yuan/ton+300
Acrylonitrile ACN  overseas market950 $/ton1,100 $/ton+50
Acrylic staple fiber ASF  domestic market11,500 yuan/ton11,500 yuan/ton
Viscose Staple Fiber VSF  domestic market8,500 yuan/ton8,500 yuan/ton
PP Powder domestic market7,500 yuan/ton7,800 yuan/ton+300
Naphtha overseas market 

Petrochemical Compound PA Naphtha

403 $/ton405 $/ton
Phenol domestic market 5,525 yuan/ton5,525 yuan/ton
PS Taiwan 5250 GPPS1.130 $/ton 1.140 $/ton+10
PS Taiwan 8250 HIPS1,240 $/ton 1,260 $/ton+20
LDPE CFR Far East 1002 $/ton1042 $/ton+40
LLDPE CFR Far East827 $/ton852 $/ton+25
LDPE   FOB Middle East994 $/ton1,034 $/ton+40
LLDPE FOB Middle East819 $/ton854 $/ton+35
HDPE CFR Far East914 $/ton914 $/ton
LDPE FD Northwest Europe 923 €/ton918 €/ton-5
LLDPE FD Northwest Europe 873 €/ton863 €/ton+10
Homopolymer PP CFR Far East900 $/ton920 $/ton+20
Homopolymer PP FD NWE891 €/ton891 €/ton


Petrochemical Compound PA Naphtha

Petrochemicals CarbonFiber LDPE PEF 31-08-2020

Petrochemicals CarbonFiber LDPE PEF

Petrochemical Compound PA Naphtha Trend

Petrochemicals CarbonFiber LDPE PEF

-Crude Oil Prices Trend 

Crude Oil Prices Trend 

-PX still under strains from oversupply and high inventory

PX-naphtha spread dropped further after a period of range bound around $160/mt, to hit $138/mt Aug 25, retouching the low point in early Jul.

The spread has been shrinking in 2020, and there has not been any sign of improvement yet, in the backdrop of overhang of excessive PX supply and high inventory.

Though PX producers have been suffering losses under poor economics since the second quarter, the average operating rate of China local PX plant is kept above 80%.

In Asia, the overall operating rate is slightly lower, but massive production cuts does not happen.  Petrochemicals CarbonFiber LDPE PEF

Petrochemicals CarbonFiber LDPE PEF

-PepsiCo’s Smoothie’s Brand Rolls Out Recycled Plastic Bottles

Naked, the on-the-go smoothie brand from PepsiCo, has introduced bottles made from 100% recycled plastic. The company claims that move makes it the only juice/smoothie brand in grocery retail currently sold in fully recycled plastic bottles.

Naked smoothie bottleThe new bottle is now available across the whole Naked smoothie range, including Naked Machines, Naked Lean and Naked Zing, in retailers such as Tesco, Sainsbury’s, Asda, Morrisons, Boots, SPAR and Nisa.

The brand has also rolled out a new label refresh to emphasise the 100% recycled plastic bottles. Petrochemicals CarbonFiber LDPE PEF

Petrochemicals CarbonFiber LDPE PEF

-EURATEX welcomes modernisation of PEM convention

EURATEX, the European Apparel and Textile Confederation, has welcomed the European Commission (EC) proposal to modernise the PanEuroMed (PEM) Convention and its rules of origin, but has called for an ambitious information campaign to ensure companies fully benefit from it. The PEM region covers 24 partner countries in the EU’s neighbourhood region.  Petrochemicals CarbonFiber LDPE PEF

On August 24, 2020, the EC adopted a package of proposals that aims at increasing trade between the European Union and neighbouring countries in the PEM or the Pan-Euro-Mediterranean region. The proposal modernises the rules of origin of the PEM convention, as it introduces, for example, the principle of “full cumulation” and it lifts the current prohibition of duty-drawback.

Petrochemicals CarbonFiber LDPE PEF

-Chinese LDPE values hit 15-month high on tight supply

Low-density polyethylene (LDPE) in the cfr China market rose to a 15-month high as of 27 August, on the back of supply shortages following delays of incoming Iranian cargoes.

Prices of polyethylene (PE) have increased from the end of June on delayed arrivals of Iranian cargoes. Petrochemicals CarbonFiber LDPE PEF

Iran is the single-largest exporter of high-density PE (HDPE) and LDPE to China, accounting for 15pc of total Chinese PE imports of 16.67mn t last year. Prices of other PE grade products also received support but LDPE prices increased by the most this week and rose to $1,030-1,050/t, a level not seen before since May 2019.

Sentiment in the Chinese domestic market is also upbeat as market participants expect higher demand for PE ahead of the upcoming National Day holiday in October. Market sentiment firmed as some market participants expect fewer US origin PE vessels with the approach of Hurricane Laura on the US gulf and led to shutdowns among major producers.

Petrochemicals CarbonFiber LDPE PEF

-Despite record oil price fluctuations, circular plastic strategies prevail

The coronavirus pandemic threw almost every market into a tailspin, including the notoriously sensitive oil market. And when crude oil prices fell into negative territory in April, the recycled plastic industry experienced a reckoning. Would corporations still invest in relatively expensive circular plastic commitments if virgin plastic prices, closely tied to the petroleum industry, nosedived?  Petrochemicals CarbonFiber LDPE PEF

So far, most big companies seem to be standing by their pledges. “Our strategy hasn’t changed,” Yolanda Malone, vice president of global foods packaging at PepsiCo, told a digital crowd at GreenBiz’s Circularity 20 event this week. “We aren’t letting the oil prices and the fluctuations in the market sway us from our long-term vision. Our strategy needs to be strong enough to weather it.”

Petrochemicals CarbonFiber LDPE PEF

-US, Europe CX demand improving, Asia lags

Based on different dynamics, there are positive signs that   (CX) consumption in the US and Europe is improving, but the indications for Asia suggest weaker levels.

EUROPE  Petrochemicals CarbonFiber LDPE PEF

Supply in Europe has shifted from long to balanced on the back of reduced operating rates, with sources also citing adjustments to imports and inventory levels.

The small spreads between European and US CX prices, along with weak demand, has provided little incentive to import large volumes from the US into Europe.

Petrochemicals CarbonFiber LDPE PEF

-Structural colors from cellulose-based polymers

Self-assembly of responsive photonic biobased materials in liquid marbles

A surface displays structural colors when light is reflected by tiny, regular structural elements in a transparent material. Researchers have now developed a method to make structural colors from cellulose-based polymers by using coated droplets that exist in a surrounding fluid–so-called liquid marbles. Petrochemicals CarbonFiber LDPE PEF

The system readily responds to environmental changes, which makes it interesting for applications in bio-based sensors and soft photonic elements, according to the study published in the journal Angewandte Chemie.  Petrochemicals CarbonFiber LDPE PEF

Structural colors are a way to colorize a material without using a dye. Instead, the transparent material generates color through the regular arrangement of its molecules or other elements, as seen, for instance, in the ripples in the scales of colorful fish and butterflies, or in nanocrystals arranged at certain distances, as in the color-changing skin of chameleons.

Structural colors from cellulose-based polymers

-Indian PP copolymer demand to see uptick from September

After close to two years of relatively lacklustre performance, demand for impact (block) copolymer in India is poised to bounce back, boosted by a recovery in the automotive sector.  Petrochemicals CarbonFiber LDPE PEF

Sales of various auto companies have begun to improve from July, after reports of reaching almost zero during the full-fledged lockdown enforced as a result of the coronavirus pandemic in March-June this year.

This was the first time in the history of the Indian auto sector that all manufacturing plants had completely shut down operations during the lockdown months.

Indian PP copolymer demand to see uptick from September

-A Beverage First: Wellness Shots Bottled in Biodegradable PET

So Good So You brand introduces biodegradable plastic bottles made of PET that are also recyclable.  Petrochemicals CarbonFiber LDPE PEF

So Good So You’s products are unusual in that they’re refrigerated functional beverages taken in shot doses. In fact, they’re billed as the category leader in premium refrigerated wellness shots.

The company also has a healthy respect for the environment.

Says Rita Katona, co-founder and board chair, “we’ve always produced our shots in a Zero Waste facility powered by 100% renewable energy with more than 94% of our facility waste being diverted away from landfills in order to support our initiative of creating products that are better for the world.”

That eco-minded approach carries through to the packaging: the products have been packaged in 50mL/1.7oz PET plastic bottles made of 100% post-consumer recycled plastic that’s recyclable.

A Beverage First: Wellness Shots Bottled in Biodegradable PET

Petrochemicals CarbonFiber LDPE PEF

Petrochemicals CarbonFiber Graphene PEF 29-08-2020