Petrochemical PETBottle PA Polymers Trend

Petrochemical PETBottle PA Polymers

Petrochemical PETBottle PA Polymers

ITEM 05/09/202012/10/2020+/-
Bottle grade PET chips domestic market4,750 yuan/ton4,750 yuan/ton
Bottle grade PET chips export market650 $/ton650 $/ton
Filament grade Semidull chips domestic market

Petrochemical PETBottle PA Polymers

4,400 yuan/ton4,475 yuan/ton+75
Filament grade Bright chips domestic market4,450 yuan/ton4,500 yuan/ton+50
Pure Terephthalic Acid PTA domestic market3,215 yuan/ton3,300 yuan/ton+85
Pure Terephthalic Acid PTA export market
425 $/ton425 $/ton
Monoethyleneglycol MEG domestic market 3,590 yuan/ton3,770 yuan/ton+180
Monoethyleneglycol MEG export market450 $/ton475 $/ton-+25
Paraxylene PX FOB  Taiwan market531 $/ton534 $/ton+3
Paraxylene PX FOB  Korea market513 $/ton516 $/ton+3
Paraxylene PX FOB EU market

Petrochemical PETBottle PA Polymers

468 $/ton490 $/ton+22
Polyester filament POY 150D/48F domestic market5,080 yuan/ton5,335 yuan/ton
Recycled Polyester filament POY  domestic market5,100 yuan/ton5,200 yuan/ton+100
Polyester filament DTY 150D/48 F domestic market6,500 yuan/ton6,700 yuan/ton+200
Polyester filament FDY 68D24F domestic market 6,100 yuan/ton6,300 yuan/ton+200
Polyester filament FDY 150D/96F domestic market
Petrochemical PETBottle PA Polymers
5,450 yuan/ton5,600 yuan/ton+150
Polyester staple fiber 1.4D 38mm domestic market5,330 yuan/ton5,630 yuan/ton+300
Caprolactam CPL domestic market9,000 yuan/ton9,150 yuan/ton
Caprolactam CPL overseas  market1,100 $/ton1,100 $/ton
Nylon6 chips overseas  market1,310 $/ton1,360 $/ton+50
Nylon6 chips conventional spinning domestic  market10,200 yuan/ton10,550 yuan/ton+350
Nylon6 chips  high speed spinning domestic  market10,350 yuan/ton10,450 yuan/ton+100
Nylon 6.6 chips domestic  market20,500 yuan/ton20,800 yuan/ton+300
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical PETBottle PA Polymers

12,400 yuan/ton12,550 yuan/ton+150
Nylon6 Filament DTY 70D/24F domestic  market15,150 yuan/ton15,250 yuan/ton+100
Nylon6 Filament FDY  70D/24F  domestic  market13,250 yuan/ton13,350 yuan/ton+100
Spandex 20D  domestic  market36,000 yuan/ton37,000 yuan/ton+1,000
Spandex 30D  domestic  market35,000 yuan/ton36,000 yuan/ton+1,000
Spandex 40D  domestic  market29,500 yuan/ton30,200 yuan/ton+700
Adipic Acid domestic market6,100 yuan/ton6,150 yuan/ton50
Benzene domestic market3,290 yuan/ton3,340 yuan/ton+50
Benzene overseas  market406 $/ton400 $/ton
Ethylene South East market820 $/ton820 $/ton
Ethylene NWE  market667 $/ton700 $/ton+33
Acrylonitrile ACN  domestic market8,900 yuan/ton9,200 yuan/ton+300
Acrylonitrile ACN  overseas market1,200 $/ton1,200 $/ton
Acrylic staple fiber ASF  domestic market11,900 yuan/ton12,000 yuan/ton+100


Viscose Staple Fiber VSF  domestic market8,600 yuan/ton9,800 yuan/ton+1,200
PP Powder domestic market7,850 yuan/ton7,920 yuan/ton+70
Naphtha overseas market 

Petrochemical PETBottle PA Polymers

402 $/ton414 $/ton
Phenol domestic market 5,425 yuan/ton5,650 yuan/ton+225
PS Taiwan 5250 GPPS1.160 $/ton 1.230 $/ton+70
PS Taiwan 8250 HIPS1,260 $/ton 1,360 $/ton+100
LDPE CFR Far East 1,092 $/ton1,092 $/ton
LLDPE CFR Far East902 $/ton892 $/ton-10
LDPE   FOB Middle East1,085 $/ton1,085 $/ton
LLDPE FOB Middle East895 $/ton885 $/ton-10
HDPE CFR Far East925 $/ton925 $/ton
LDPE FD Northwest Europe 903 €/ton893 €/ton-10
LLDPE FD Northwest Europe 823 €/ton803 €/ton-20
Homopolymer PP CFR Far East935 $/ton975 $/ton+40
Homopolymer PP FD NWE871 €/ton881 €/ton+10


Petrochemical PETBottle PA Polymers

Petrochemicals CrudeOil BOPET 12-10-2020

Petrochemicals CrudeOil BOPET

Petrochemical PETBottle PA Polymers Trend

Petrochemicals CrudeOil BOPET

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Crude gloom sets in

OIL majors are on a job cutting spree. When seen through the prism of the cuts announced in recent weeks, the overall crude scenario appears bleak and gloomy.

IHS Markit has reported a capital spending drop of 50 per cent by several US oil and gas companies this year, while internationally the drop has been around 30pc. This has contributed to the job cuts. Petrochemicals CrudeOil BOPET

As part of its efforts to rein in costs, oil and gas supermajor ExxonMobil is all set to cut 1,600 jobs in Europe, the company announced last week. “The impact of Covid-19 on the demand for ExxonMobil’s products has increased the urgency of the ongoing efficiency work,” it added.

Crude gloom sets in

-Venezuela, once an oil giant, reaches the end of an era

For the first time in a century, there are no rigs searching for oil in Venezuela.

Wells that once tapped the world’s largest crude reserves are abandoned or left to flare toxic gases that cast an orange glow over depressed oil towns.

Refineries that once processed oil for export are rusting hulks, leaking crude that blackens shorelines and coats the water in an oily sheen.

Fuel shortages have brought the country to a standstill. At gas stations, lines go on for miles.

Venezuela’s colossal oil sector, which shaped the country and the international energy market for a century, has come to a near halt, with production reduced to a trickle by years of gross mismanagement and U.S. sanctions. The collapse is leaving behind a destroyed economy and a devastated environment and, many analysts say, bringing to an end the era of Venezuela as an energy powerhouse.

Venezuela, once an oil giant, reaches the end of an era

-Spanish automotive masterbatch supplier opens plant in Mexico

Spanish raw materials producer and distributor Delta Tecnic SA has opened a plant in Querétaro, in central Mexico, coinciding with the launch of its micromasterbatch product.

Spanish raw materials producer and distributor Delta Tecnic SA has opened a 4.5 million euro ($5.3 million) plant in Querétaro, in central Mexico, coinciding with the launch of its micromasterbatch product.

The company claims to be the first specialist in color concentrates for automotive cable to open a manufacturing operation in Mexico. It has two other plants in Sant Celoni, its home base near Barcelona. Petrochemicals CrudeOil BOPET

According to an Oct. 7 news release, the micromasterbatch pellet is smaller than normal and thus “improves dilution when extruding cables.”

“Our commitment to micromasterbatches is essential to [our] offering a new and sustainable product that can speed up production processes while lowering costs,” Delta Tecnic CEO Eric Xirinachs said.

Petrochemicals CrudeOil BOPET

-New entry on the Romanian wrapping market – M&M Product launches the smart green, a new generation of eco sustainable flexible wraps

M&M Product, a Romanian company headquartered in Râșnov, launches in premiere on the Romanian market, the GREEN PE (green polyethylene) eco sustainable thermo wrap made of sugar cane – a biological, renewable source which produces oxygen and reduces CO2 emission in the atmosphere.

The wrapping products and solution are grouped under the smart green brand and are part of the business line High Performance flexible Wrapping.

the smart green products and solutions reflect company’s philosophy based on the 4e principles of high performance: economic, efficient, eco sustainable and easy to apply.

Petrochemicals CrudeOil BOPET

Petrochemicals CrudeOil BOPET

-New life for used clothing made from blended fibres

“The mountains of old clothes are growing massively and are largely destroyed instead of being recycled and returned to the textile industry. Old textiles are a valuable raw material that can be easily reused,” says imat-uve, an innovative, independent development and engineering company, based in Mönchengladbach, Germany.Petrochemicals CrudeOil BOPET

imat-uve is working with a German-Dutch project consortium on an industrial solution for the recycling of old clothes made from mixed fibres. The recycled yarns and woven fabrics made from them, are primarily intended for use in the automotive industry.

“1.01 million tons of textiles, old clothes and new garments that have never been worn end up in the trash in Germany alone every year (source: BSVE),” imat-uve points out. “So far, there is no possibility to process these quantities of old textiles in a high-quality way. Most of the textiles are burned or processed to low quality nonwovens. The problem is the different components of the clothing, which in most cases are not made of pure but mixed fibres.”

Petrochemicals CrudeOil BOPET

-Chevron Phillips Chemical begins production of circular polyethylene

Chevron Phillips Chemical (CPChem) has announced success in its first commercial scale production of polyethylene using advanced recycling technology.

Advanced recycling, sometimes referred to as “chemical recycling,” converts plastic waste to valuable liquids that can become new petrochemicals. This approach complements traditional recycling by converting a range of materials, including many difficult-to-recycle plastics, into important building blocks for new chemicals. Because of the potential to repeatedly recycle post-use plastics into new materials, polymers produced through advanced recycling are often referred to as “circular polymers.” Chevron Phillips Chemical’s circular polyethylene matches the performance and safety specifications of the virgin polymers Chevron Phillips Chemical is known for globally.Petrochemicals CrudeOil BOPET

“We are exceptionally proud to be the first company to announce production of a circular polyethylene on this scale in the US,” said Jim Becker, vice president of polymers and sustainability. “The successful production run marks a huge step for CPChem on our path to being a world leader in producing circular polymers. This development is an important milestone for us as we further our commitment to proactively help the world find sustainable solutions, including the elimination of plastic waste in the environment.”

Petrochemicals CrudeOil BOPET

-First standard to measure the biodegradability of plastic published by BSI

BSI, in its role as the UK National Standards Body, publishes the first standard for measuring the biodegradability of polyolefins: the most littered form of plastic packaging.

The new standard, called PAS 9017 Plastics – Biodegradation of polyolefins in an open-air terrestrial environment – Specification, specifies requirements of polyolefinic materials enhanced with technology that imparts biodegradability in an open-air terrestrial environment. Petrochemicals CrudeOil BOPET

It also specifies the chemical analysis and the numerical limits required to meet compliance with the PAS at the end of each stage of testing.

First standard to measure the biodegradability of plastic published by BSI

-Faurecia inaugurates its global center of expertise dedicated to hydrogen storage systems

Faurecia, one of the world’s leading automotive technology companies, inaugurated its global center of expertise for hydrogen storage systems today in the presence of the President of the Bourgogne-Franche-Comté region Ms. Marie-Guite Dufay.

Located in Bavans, France, and representing a total investment of €25 million, this center of expertise aims to develop lightweight and cost-competitive hydrogen storage systems to accelerate hydrogen mobility. More than 60 engineers and technicians have the ability to:

Design hydrogen storage systems and produce prototypes tailored to customers’ specifications,  Petrochemicals CrudeOil BOPET

Test hydrogen storage systems using state-of-the-art equipment for hydraulic, gas, leak and burst tests,

Develop new tank designs to increase their performance and in particular the volume of hydrogen stored per kg,

Faurecia inaugurates its global center of expertise dedicated to hydrogen storage systems

-ALBA-funded study quantifies the recycler’s emissions reductions in 2019

Study conducted by Germany’s Fraunhofer Institute examines climate protection aspects of the ALBA Group’s recycling activity. Petrochemicals CrudeOil BOPET

The Berlin-based ALBA Group has funded a study that concludes its recycling activity saved more than 4.2 million metric tons of greenhouse gases (GHGs) from entering the atmosphere in 2019. The study, undertaken by the Germany-based Fraunhofer Institute, says the atmospheric protection was the result of “the closed-loop circulation of 6 million metric tons of recyclables” processed by ALBA Group.

“Recycling leads to far fewer GHG emissions than the use of primary raw materials,” states Dr. Axel Schweitzer, CEO of the ALBA Group. “The use of our quality-tested recycled plastics, for example, reduces emissions of GHGs by more than 50 percent in comparison with the production of plastics from crude oil. There is no better argument for the increased use of recyclates.”

ALBA-funded study quantifies the recycler’s emissions reductions in 2019

-Morocco-Turkey FTA: Rabat restores tariffs on 1200 Turkish Products

0Asia, Business, Headlines, International, MoroccoOctober 9, 2020A+A-EMAILPRINT

The Moroccan Government approved on Thursday an amendment of the Morocco-Turkey Free Trade Agreement, increasing tariffs by up to 90 pc on 1200 Turkish goods for a five-year period.  Petrochemicals CrudeOil BOPET

The amendment falls under Bill No 54.20, which Morocco and Turkey signed on August 24 after the two countries reviewed their Free Trade Agreement.

The bill and the amendment aim to impose customs duties, for a five-year period, on certain Turkish industrial products listed in the agreement to reach 90% of the value of products from the most-favored-nation.

Morocco-Turkey FTA: Rabat restores tariffs on 1200 Turkish Products

-New enzyme cocktail digests plastic waste six times faster

The discovery, by a team co-led by Prof John McGeehan, is another leap towards beating plastic waste

mcgeehan-mhetpet-credit-rosie-graham-600x400The scientists who re-engineered the plastic-eating enzyme PETase have now created an enzyme ‘cocktail’ which can digest plastic up to six times faster. Petrochemicals CrudeOil BOPET

A second enzyme, found in the same rubbish dwelling bacterium that lives on a diet of plastic bottles, has been combined with PETase to speed up the breakdown of plastic.

PETase breaks down polyethylene terephthalate (PET) back into its building blocks, creating an opportunity to recycle plastic infinitely and reduce plastic pollution and the greenhouse gases driving climate change.

PET is the most common thermoplastic, used to make single-use drinks bottles, clothing and carpets and it takes hundreds of years to break down in the environment, but PETase can shorten this time to days.

New enzyme cocktail digests plastic waste six times faster

Petrochemicals CrudeOil BOPET

Petrochemicals CrudeOil RPET 10-10-2020