Petrochemicals Naphtha PETRecycling PET Trend

Petrochemicals Naphtha PETRecycling PET

Petrochemicals Naphtha PETRecycling PET

ITEM 22/03/2021 29/03/2021 +/-
Bottle grade PET chips domestic market 6,700 yuan/ton 6,650 yuan/ton -50
Bottle grade PET chips export market 1,015 $/ton 1,010 $/ton- -5
Filament grade Semidull chips domestic market 6,000 yuan/ton 5,950 yuan/ton -50
Filament grade Bright chips domestic market 6,250 yuan/ton 6,150 yuan/ton -100
Pure Terephthalic Acid PTA domestic market 4,295 yuan/ton 4,420 yuan/ton +125
Pure Terephthalic Acid PTA export market
655 $/ton 650 $/ton -5
Monoethyleneglycol MEG domestic market 5,180 yuan/ton 5,120 yuan/ton +40
Monoethyleneglycol MEG export market 670 $/ton 655 $/ton- -15
Paraxylene PX FOB  Taiwan market 796 $/ton 813 $/ton +17
Paraxylene PX FOB  Korea market 778 $/ton 795 $/ton +17
Paraxylene PX FOB EU market

Petrochemicals Naphtha PETRecycling PET

815 $/ton 842 $/ton +27
Polyester filament POY 150D/48F domestic market 7,580 yuan/ton 7,510 yuan/ton
Recycled Polyester filament POY  domestic market 6,950 yuan/ton 6,900 yuan/ton -50
Polyester filament DTY 150D/48 F domestic market 9,100 yuan/ton 9,050 yuan/ton -50
Polyester filament FDY 68D24F domestic market 8,700 yuan/ton 8,600 yuan/ton -100
Polyester filament FDY 150D/96F domestic market
Petrochemicals Naphtha PETRecycling PET
7,780 yuan/ton 7,700 yuan/ton -80
Polyester staple fiber 1.4D 38mm domestic market 7,100 yuan/ton 6,900 yuan/ton -200
Caprolactam CPL domestic market 13,250 yuan/ton 13,000 yuan/ton
Caprolactam CPL overseas  market 1,950 $/ton 1,950 $/ton
Nylon6 chips overseas  market 2,150 $/ton 2,150 $/ton
Nylon6 chips conventional spinning domestic  market 13,750 yuan/ton 13,350 yuan/ton -400
Nylon6 chips  high speed spinning domestic  market 14,750 yuan/ton 14,600 yuan/ton -150
Nylon 6.6 chips domestic  market 43,000 yuan/ton 43,500 yuan/ton +500
Nylon6 Filament POY 86D/24F domestic  market

Petrochemicals Naphtha PETRecycling PET

17,150 yuan/ton 16,950 yuan/ton -200
Nylon6 Filament DTY 70D/24F domestic  market 19,950 yuan/ton 19,800 yuan/ton -150
Nylon6 Filament FDY  70D/24F  domestic  market 18,350 yuan/ton 18,100 yuan/ton -250
Spandex 20D  domestic  market 81,000 yuan/ton 81,000 yuan/ton +1,000
Spandex 30D  domestic  market 74,000 yuan/ton 74,000 yuan/ton +500
Spandex 40D  domestic  market 64,000 yuan/ton 64,000 yuan/ton +500
Adipic Acid domestic market 11,650 yuan/ton 11,600 yuan/ton -50
Benzene domestic market 6,220 yuan/ton 6,230 yuan/ton +10
Benzene overseas  market 761 $/ton 804 $/ton
Ethylene South East market 1,045 $/ton 995 $/ton -50
Ethylene NWE  market 1,219 $/ton 1,212 $/ton -7
Acrylonitrile ACN  domestic market 16,500 yuan/ton 16,000 yuan/ton -500
Acrylonitrile ACN  overseas market 2,600 $/ton 2,600 $/ton
Acrylic staple fiber ASF  domestic market 20,000 yuan/ton 20,000 yuan/ton
Viscose Staple Fiber VSF  domestic market 15,600 yuan/ton 15,200 yuan/ton -400
PP Powder domestic Petrochemicals Naphtha PETRecycling PET
8,520 yuan/ton 8,500 yuan/ton -20
Naphtha overseas market  573 $/ton 578 $/ton
Phenol domestic market 8,680 yuan/ton 8,540 yuan/ton -140

Petrochemicals Naphtha PETRecycling PET

Petrochemicals rPETRecycling CrudeOil 29-03-2021

Petrochemicals rPETRecycling CrudeOil

Petrochemicals Naphtha PETRecycling PET Trend

Petrochemicals rPETRecycling CrudeOil

Crude Oil Prices Trend 

Crude Oil Prices Trend  Polyestertime

-Turning wood into plastic

Efforts to shift from petrochemical plastics to renewable and biodegradable plastics have proven tricky — the production process can require toxic chemicals and is expensive, and the mechanical strength and water stability is often insufficient. But researchers have made a breakthrough, using wood byproducts, that shows promise for producing more durable and sustainable bioplastics.

A study published in Nature Sustainability, co-authored by Yuan Yao, assistant professor of industrial ecology and sustainable systems at Yale School of the Environment (YSE), outlines the process of deconstructing the porous matrix of natural wood into a slurry. The researchers say the resulting material shows a high mechanical strength, stability when holding liquids, and UV-light resistance. It can also be recycled or safely biodegraded in the natural environment, and has a lower life-cycle environmental impact when compared with petroleum-based plastics and other biodegradable plastics. Petrochemicals rPETRecycling CrudeOil

“There are many people who have tried to develop these kinds of polymers in plastic, but the mechanical strands are not good enough to replace the plastics we currently use, which are made mostly from fossil fuels,” says Yao. “We’ve developed a straightforward and simple manufacturing process that generates biomass-based plastics from wood, but also plastic that delivers good mechanical properties as well.”

Turning wood into plastic

-Injection molder invests in Roctool technology, slashes CO2 emissions

Injection molder and contract manufacturer Rosti Group has installed the first Roctool heating and cooling system at its facility in China. This will allow the molder to reduce its CO2 emissions by as much as 40%. Rosti said that it sits at the center of the supply chain and has a duty and an opportunity to make a positive environmental impact on the plastics industry. Petrochemicals rPETRecycling CrudeOil

Roctool’s patented technology consists of quickly heating the tool surface by induction and rapidly cooling the tool via water channels. With this technology, Rosti said that it can offer key advantages to its customers, such as aesthetic, design, and process improvements, while meeting commitments to reduce carbon emissions at the plant.

Petrochemicals rPETRecycling CrudeOil

-Chaotic rayon yarn market

As the macro environment continued to be turbulent, negative-feedback in commodity market has also been given out. For example, front-month contracts of PSF and cotton showed a large fall. Cotton price has fallen dropped below pre-holiday price, while PSF one was in range-bound at the level before CNY. Obviously, the bull market has faded.Petrochemicals rPETRecycling CrudeOil

VSF plants maintained offers at 15,600-16,000yuan/mt, but traders’ sources were much cheaper than that of plants. Some yarn mills who intended to replenish feedstock despite large price spread started to balance the profit and loss—-whether to give up the cooperation with some VSF plants temporarily. Although the viscose market was chaotic, it was controllable. In recent years, the concentration of viscose has gradually increased, and the plants had the flow of goods control capability.

As to rayon yarn, as there were many spinners and traders, whose feedstock cost, pre-sales and inventory of each spinner were different, especially in the big fluctuation, rayon yarn got more chaotic. Vortex-spun rayon yarn was a typical representative. Vortex-spun R30S was offered at 20,000yuan/mt and the traded priced lower 1,000, 2,000 or 3,000yuan/mt were timely rumored which further hit the market trading enthusiasm.

Petrochemicals rPETRecycling CrudeOil

-EuPC says exemptions to the SUP Directive are not be the way forward

Albert Einstein famously said that ‘We can’t solve problems by using the same kind of thinking we used when we created them.’

That logic, while indisputable, tends nevertheless to be defeated when industry interests are at stake.Petrochemicals rPETRecycling CrudeOil

Which is precisely why, wrote the EU level trade association European Plastics Converters –  EuPC  – in a recent op-ed published on EurActiv, we need to be very careful in making exceptions to the Single-Use Plastic Directive.

The SUP Directive was adopted with the express purpose of tackling the problem of the waste plastic polluting the world’s oceans. It represents a key action for the achievement of UN Sustainable Development Goal 14, which calls for the conservation and sustainable ‘use of the oceans, seas, and marine resources for sustainable development’.

The plastics industry, wrote EuPC, is committed to achieving the highest environmental standards set at EU level in order to allow a complete transition to a circular economy and to guarantee a high level of environmental protection.

In recent weeks, however, various voices have been heard to question the range of items that should be covered by the SUP Directive. The paper industry, in particular, has raised concerns regarding the inclusion of polymer-coated paper products, such as cups. The limited amount of plastics used in such items, said the paper industry, does not warrant their falling within the scope of the Directive.

Petrochemicals rPETRecycling CrudeOil

-Skepticism Mounts over Utility of Biodegradable Plastics

Yes, these materials will degrade over time. But how long will it take? And under what environmental conditions?

Over the past 20 years I’ve written much about the efforts of polymer scientists to create a plastic that will “disappear” in the environment. No matter how much money is spent on research, though, the dream of biodegradable polymers has proven elusive.

An article in the business section of the Wall Street Journal on March 20, 2021, by Saabira Chaudhuri (“Plastic Straws That Quickly Biodegrade in the Ocean? Not Quite, Scientists Say”) takes an in-depth look at why biodegradability might not offer the solutions promised. Petrochemicals rPETRecycling CrudeOil

Chaudhuri begins by examining Danimer Scientific’s Nodax, which the company claims degrades within a “few months” in ocean environments and is suitable for backyard composting.

Petrochemicals rPETRecycling CrudeOil

-A “barrier lake” for direct-spun PSF

Direct-spun PSF has fallen back since Mar with PSF futures down from 8,500yuan/mt to 7,000yuan/mt, a decrease of 1,500yuan/mt or 17.6%, and spot one down from 8,000yuan/mt to 7,000yuan/mt, a decrease of about 1,000yuan/mt or 12.5%. By now, both PSF futures and spot one have retreated to the level before Spring Festival. Petrochemicals rPETRecycling CrudeOil

But it was not caused by higher inventory or worse downstream acceptance. On the contrary, direct-spun PSF plants were in short supply and downstream plants profited better compared with POY.

There are mainly two reasons behind this wave of quick decline.

After PSF futures declined, direct-spun PSF plants held firm prices due to short supply. Traditional traders partly lowered prices after gaining profits. For spot-futures traders, they were advantageous in price under trades by basis, driving spot PSF market to deteriorate quickly.

A "barrier lake" for direct-spun PSF

-BASF Issues Price Increases on Plastic Additives and Nylon 6

Price adjustments attributed to volatility in pricing and availability of raw materials and high freight rates.Petrochemicals rPETRecycling CrudeOil

Effective immediately, or as existing contracts permit, BASF is globally increasing the price of additives for plastic applications, including heat and UV stabilizers, antioxidants, processing aids, lubricants and pigments) by up to 20%.  The company attributed the price adjustment primarily to the significant volatility in pricing and availability for essential raw materials and the rapid escalation of of freight rates.

BASF is also increasing prices in North America for its nylons and intermediates. increase prices for polyamide polymer and intermediates. Prices of nylon 6 and caprolactam are being increased by 15¢/lb and copolymer by 18¢/lb.

BASF Issues Price Increases on Plastic Additives and Nylon 6

-PanzerGlass™ launches ClearCaseColor™

The case comes in six unique colors with antibacterial technology proven to kill up to 99.99% of most common surface bacteria.

Dubai, UAE: PanzerGlass™, one of the leading screen protection brands in the world launches ClearCaseColor™ , its latest range of antibacterial limited edition clear color smartphone cases in the region. Petrochemicals rPETRecycling CrudeOil

Made from PanzerGlass and colored flexible TPU (thermoplastic polyurethane) materials, the case back is made of four layers and an extra strong honeycomb pattern to enhance shock absorption providing 25% improved scratch resistance compared to first-generation of ClearCases. The case matches all buttons for easy and full access to all functionalities. It also features slightly swelling bumpers in all corners to enhance protection. ClearCaseColor™ is compatible with MagSafe wireless charging.

Combining cutting edge technology with contemporary aesthetics, PanzerGlass™ ClearCaseColor™ allows users to properly display the original look of their device, while expressing themselves via a selection of trendy hues.  The cases come in different colors of True Blue, Mandarin Red, Orange, Rose Gold, Satin Silver and Racing Green, and will appeal to consumers of all ages. Labelled as the strongest ClearCase™ from PanzerGlass™, it is compatible with Apple iPhone 12 devices and will protect the phone’s beautiful design.

PanzerGlass™ launches ClearCaseColor™

-Indorama Ventures wins best regional loan for the first-ever US$300 million Blue Loan

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, has been awarded ‘Best Regional Loan’ in the manufacturing sector for its US$300 million Blue Loan – the first of its kind granted to a plastic resin manufacturer.Petrochemicals rPETRecycling CrudeOil

The award was announced at ‘Triple A Sustainable Capital Markets Regional Awards 2020’ virtual ceremony organized by The Asset, Asia’s leading financial magazine. This recognition reflects IVL’s commitment to being at the forefront of businesses striving for a sustainable future.

The Blue Loan, which exclusively focus on addressing marine plastic pollution, comprises US$150 million senior loan from the International Finance Corporation (IFC) and parallel loans of $150 million from the Asian Development Bank (ADB) and Deutsche Investitions-und Entwicklungsgesellschaft (DEG). IVL will utilize the fund to promote a circular economy by enhancing capacity of IVL’s PET recycling plants in Brazil, India, Indonesia, the Philippines and Thailand following its sustainability goal of achieving 750,000 metric tons of PET recycling globally by 2025. The fund will also help the company invest in other climate-related initiatives.

The board of editors at The Asset, said, “The blue loan represents the latest environmental initiative by corporates such as Indorama Ventures, which will divert plastic waste from landfills and oceans, thus contributing to a better environment.”

-Indorama Ventures wins best regional loan for the first-ever US$300 million Blue Loan

Petrochemicals rPETRecycling CrudeOil

Bioplastic rPETRecycling CircularEconomy 27-03-2021