PET Bottle Grade Petrochemicals 24-01-2022

PET Bottle Grade Petrochemicals

PET Bottle Grade Petrochemicals

Polyestertime
ITEM 17/01/2022 24/01/2022 +/-
Bottle grade PET chips domestic market 8,250 yuan/ton 8,200 yuan/ton -50
Bottle grade PET chips export market 1,090 $/ton 1,105 $/ton- +15
Filament grade Semidull chips domestic market 6,800 yuan/ton 6,700 yuan/ton -100
Filament grade Bright chips domestic market 7,050 yuan/ton 6,950 yuan/ton -100
Pure Terephthalic Acid PTA domestic market

PET Bottle Grade Petrochemicals

5,290 yuan/ton 5,275 yuan/ton -15
Pure Terephthalic Acid PTA export market 775 $/ton 780 $/ton +5
Monoethyleneglycol MEG domestic market 5,270 yuan/ton 5,245 yuan/ton -25
Monoethyleneglycol MEG export market 698 $/ton 698 $/ton
Paraxylene PX FOB  Taiwan market 962 $/ton 967 $/ton +5
Paraxylene PX FOB  Korea market 942 $/ton 947 $/ton +5
Paraxylene PX FOB EU market 1,063 $/ton 1,050 $/ton -13
Polyester filament POY 150D/48F domestic market 7,900 yuan/ton 7,980 yuan/ton
+80
Recycled Polyester filament POY  domestic market 7,350 yuan/ton 7,450 yuan/ton +100
Polyester filament DTY 150D/48 F domestic market 9,500 yuan/ton 9,500 yuan/ton
Polyester filament FDY 68D24F 8,500 yuan/ton 8,550 yuan/ton +50
Polyester filament FDY 150D/96F domestic market 8,150 yuan/ton 8,200 yuan/ton +50
Polyester staple fiber 1.4D 38mm domestic market 7,600 yuan/ton 7,550 yuan/ton -50
Caprolactam CPL domestic market 14,250 yuan/ton 13,750 yuan/ton
-500
Caprolactam CPL overseas  market 2,020 $/ton 2,020 $/ton
Nylon6 chips overseas  market 2,340 $/ton 2,340 $/ton
Nylon6 chips conventional spinning domestic  market 15,650 yuan/ton 15,500 yuan/ton -150
Nylon6 chips  high speed spinning domestic  market 15,450 yuan/ton 15,350 yuan/ton -100
Nylon 6.6 chips domestic  market

PET Bottle Grade Petrochemicals

36,500 yuan/ton 36,500 yuan/ton
Nylon6 Filament POY 86D/24F domestic  market 17,700 yuan/ton 17,700 yuan/ton
Nylon6 Filament DTY 70D/24F domestic  market 20,350 yuan/ton 20,300 yuan/ton -50
Nylon6 Filament FDY  70D/24F  18,650 yuan/ton 18,700 yuan/ton +50
Spandex 20D  domestic  market 75,000 yuan/ton 75,000 yuan/ton
Spandex 30D  domestic  market 66,500 yuan/ton 66,000 yuan/ton -500
Spandex 40D  domestic  market 56,500 yuan/ton 56,000 yuan/ton -500
Adipic Acid domestic market 13,000 yuan/ton 13,650 yuan/ton +650
Benzene domestic market 7,670 yuan/ton 7,410 yuan/ton -260
Benzene overseas  market 1,011 $/ton 985 $/ton -26
Ethylene South 965 $/ton860 940 $/ton -25
Ethylene NWE  market 1,437 $/ton 1,462 $/ton +25
Acrylonitrile ACN  domestic market 11,400 yuan/ton 11,500 yuan/ton +100
Acrylonitrile ACN  overseas market

PET Bottle Grade Petrochemicals

1,900 $/ton 1,850 $/ton -50
Acrylic staple fiber ASF  domestic market 18,500 yuan/ton 18,500 yuan/ton-
Viscose Staple Fiber VSF  domestic market 12,850 yuan/ton 12,850 yuan/ton
PP Powder domestic Petrochemicals PET Bottle Grade
9,150 yuan/ton 9,170 yuan/ton +20
Naphtha overseas market  775 $/ton 778 $/ton
+3
Phenol domestic market 11,180 yuan/ton 11,180 yuan/ton

PET Bottle Grade Petrochemicals

Plastics-tax – Petrochemical – Plastic-recycling 24-01-2022

Plastics-tax – Petrochemical – Plastic-recycling

-Warning high recycled prices could defeat plastics tax

Rocketing prices for recycled plastics may undermine the plastic packaging tax, industry figures have warned.

The tax is due to be imposed in April at a rate of £200 per tonne on plastic goods that fail to have at least 30% recycled content.

But the high prices now seen could mean that virgin plastics would still be cheaper than recycled ones even after the tax had been paid. Plastics-tax – Petrochemical – Plastic-recycling  Plastics-tax – Petrochemical – Plastic-recycling

Helen McGeough, senior analyst and global analyst team lead for plastics recycling at commodity intelligence firm ICIS, said: “Many recyclers and packaging producers have mentioned the possibility of substituting away from recycled content and back to virgin PET – particularly in the sheet and thermoforming sectors which are not under the same regulatory pressure as the beverage bottle sector – but only if PET prices remain around current levels, and availability improves.

“For the majority of end users manufacturing food contact products it will dissuade them from increasing recycled content levels due to the cost, effectively thwarting their progress to higher recycle content ambitions this year.”

McGeough said though that large scale substitution of virgin plastic for recycled was unlikely before the second quarter of this year, when virgin availability could potentially improve with the arrival of delayed imports from Asia.

She said although the UK market was not facing the shortage of rPET flake and pellets seen in other parts of Europe, it was dealing with higher contamination levels with bale yields around 50% for mixed bales according to one recycler she had contacted.  Plastics-tax – Petrochemical – Plastic-recycling

Plastics-tax - Petrochemical - Plastic-recycling

-SABIC, ExxonMobil start commercial operation of Texas JV project

SABIC and joint venture partner ExxonMobil have started commercial operation of the large-scale cracker and petrochemicals complex the two firms have been developing on the US Gulf Coast, they said on Thursday.

SABIC announced that the project, based in Corpus Christi, Texas, had started commercial operation in a stock exchange filing, with revenues from the project expected to contribute to the firm’s first-quarter results this year.

The complex comprises a 1.8m tonne/year cracker, along with two polyethylene production units with a combined capacity of 1.3m tonnes/year, and a 1.1.m tonne/year ethylene glycols unit. Plastics-tax – Petrochemical – Plastic-recycling

Speaking at an American Chemistry Council event in November 2021, ExxonMobil president Karen McKee projected that the complex would enter the start-up phase before the end of the year, and that the project was under budget.

The polymers and glycols units had reached mechanical completion as of mid-2021.

“The project supports SABIC’s global growth strategy, diversifying its feedstock sources and strengthening its petrochemical manufacturing presence in North America,” SABIC said in the filing. Plastics-tax – Petrochemical – Plastic-recycling

Plastics-tax - Petrochemical - Plastic-recycling

-Gas prices could soar if Russia invades Ukraine

If Russia invades Ukraine, inflation-weary Americans will likely pay even higher prices at the pump. Plastics-tax – Petrochemical – Plastic-recycling

Oil prices have already shot up to seven-year highs in recent days. A conflict between Russia and Ukraine, which the White House has warned could be imminent, would have the potential to drive them much higher.

That’s because Russia is the No. 2 oil producer on the planet, behind only the United States. And Ukraine is a key energy transit hub, where a large amount of Russian natural gas exports to Europe flow through.

An invasion of Ukraine would trigger immediate fears of sanctions from Washington on Russia’s vast energy resources, damage to the region’s energy infrastructure and raise the specter of Vladimir Putin weaponizing exports of natural gas and crude oil.

Investors would buy first and ask questions later.

“There is a very good chance we would reach $100. That’s going to be inflationary with an exclamation point,” said Robert Yawger, director of energy futures at Mizuho Securities. “We don’t need that at all. We can’t afford that at all.”

A conflict between Russia and Ukraine would boost gas prices, the head of the International Energy Agency said on Thursday.

“Such a huge geopolitical event would [have] major implications on the gas prices, if not leading to turmoil,” IEA Executive Director Fatih Birol told CNNI’s Julia Chatterley on First Move. Plastics-tax – Petrochemical – Plastic-recycling

‘All bets are off’

It’s impossible to say how high prices would go — and how long they would stay high. But $100 oil would surely lift prices at the pump. And that means a Russia-Ukraine conflict has the potential to impact most Americans.

Plastics-tax - Petrochemical - Plastic-recycling

-Neenah Joins Soteria Battery Innovation Group Consortium

Company will use nonwovens to pursue fiber-based separator applications

Neenah, a global manufacturer of specialty materials, has joined the Soteria Battery Innovation Group (BIG), a consortium of 100+ companies representing different developers and users across the lithium-ion battery ecosystem. The consortium is committed to using new technology to bring safer batteries to the market, which aligns directly with Neenah’s passion for innovation and the company’s emphasis on safety. Plastics-tax – Petrochemical – Plastic-recycling

Lithium-ion batteries continue to dominate the battery market, with projected growth from $41 billion in sales in 2021 to over $110 billion by 2030. Neenah will utilize its significant expertise in nonwovens to pursue fiber-based separator applications that can meet users’ short and long-term needs.

“This partnership brings significant opportunities to leverage our existing technologies, and we continue to be excited to work with organizations that complement our capabilities and help drive value in our growth markets,” says Bret Haldin, vice president of Innovation for Neenah. Plastics-tax – Petrochemical – Plastic-recycling

Plastics-tax - Petrochemical - Plastic-recycling

-Closed Loop Partners launches Local Recycling Fund

PepsiCo Beverages North American invested $35 million in the fund, which will finance small-scale, modular MRFs in underserved communities.

Closed Loop Partners has created the Closed Loop Local Recycling Fund with an initial investment of $35 million from PepsiCo Beverages North America, Purchase, New York. Plastics-tax – Petrochemical – Plastic-recycling

The fund will establish small, modular recycling systems in communities across the U.S., reducing the need for the costly transportation of recycled materials to larger material recovery facilities (MRFs), increasing recycling in areas with no or limited access to these services. The material processed at these sites will be used to support PepsiCo’s sustainable packaging goals, the companies say.

“This first-of-a-kind investment from PepsiCo ushers in a new future for local recycling, empowering communities across rural America and small cities to reduce waste and harness the value of their recycled commodities,” says Ron Gonen, founder and CEO of Closed Loop Partners, which is based in New York City. “By closing the loop on these commodities, which can then re-enter local manufacturing supply chains, we are better equipping communities with the tools needed for resilience against a globally changing climate, while also creating new revenue opportunities and jobs. We look forward to continuing our long-standing partnership with PepsiCo to build and strengthen circular supply chains.”

“As companies—including  PepsiCo—set ambitious goals to use more recycled content in their packaging, there is more need than ever for partnerships and investments to increase recycling in the U.S.,” Jason Blake, chief sustainability officer and senior vice president at PepsiCo Beverages North America, says. “We need to develop the infrastructure that makes recycling available to more Americans so we can recover the high-quality material that can be used in our packaging. Through pep+, our end-to-end strategic transformation, sustainability is at the heart of everything we do. As the exclusive investor in the Closed Loop Local Recycling Fund, we are actively driving the changes needed to transform the US recycling system and move towards a circular economy.” Plastics-tax – Petrochemical – Plastic-recycling

Closed Loop Partners launches Local Recycling Fund

Plastics-tax – Petrochemical – Plastic-recycling

Polyolefins-and-PET – Sugar-based-plastics 22-01-2022

PET-Bottle-Grade – Non-biodegradable-plastics 24-01-2022

PET-Bottle-Grade – Non-biodegradable-plastics

PET Bottle Grade Petrochemicals 

PET-Bottle-Grade - Non-biodegradable-plastics

Crude Oil Prices Trend  

Crude Oil Prices Trend  Polyestertime

-rPET prices reach ‘record high’ across Europe

According to ICIS, the prices of both colourless bottles and post-consumer flakes reached a “record high” for the European market this month due to the ongoing challenges of COVID-19 and supply chain tensions.

ICIS says that the northwest European prices for post-consumer bottle prices has risen over €200 per tonne in January, with flake prices rising €150 per tonne compared to December 2021. Currently, colourless flake prices are between €1,600 and €1,700 per tonne, with some higher price requests reported – although these can be considered exceptions, ICIS adds, as there is a lack of clarity on whether the flakes were actually purchased at this price. PET-Bottle-Grade – Non-biodegradable-plastics

The escalation in prices brings northwest European prices in line with southern, central, and eastern Europe. These are the reportedly the highest prices observed by ICIS since it first began reported on the figures in 2006.

There are several challenges complicating the supply, demand, and price of recycled PET.

The European Union (EU) will require PET bottles to contain at least 25% recycled plastic from 2025 and at least 30% from 2030, while companies including PepsiCo and Britvic have pledged to eliminating all virgin plastic from bottles sold on European markets by 2022. This means that demand for post-consumer flakes is high, but the supply is somewhat more unstable.

The global supply chain crisis has been compounded by COVID-19 bringing production to a halt, as well as extreme weather events, shipping delays, a shortage of shipping containers, and a number of Force Majeures statements.

Speaking to Packaging Europe last year, Renato Zelcher, president of EuPC, suggested that “more than 90% of the players in all [EU] member states have been negative affected by this situation”, adding that while there were signs of improvement, supply remained uncertain enough that some companies have had to halt production because of a lack of materials or to avoid passing price rises along the value chain. PET-Bottle-Grade – Non-biodegradable-plastics

rPET prices reach ‘record high’ across Europe

-Meet nature’s plastic eaters, by Recover, Bizente and Enzycle

What to do with the non-biodegradable plastics used in food packaging and agriculture? Researchers are turning their attention to microorganisms, enzymes, earthworms and insects to break down plastics.

Plastics are everywhere, and farms are no exception. Plastic sheets are spread on the ground as mulch to suppress weeds. Plastic is also used to cover greenhouses and plastic packaging helps protect and transport fresh produce.

But there’s a downside. While most plastic waste from agricultural applications and packaging can be collected separately, it can’t be easily recycled using today’s standard procedures. That’s because it’s a mixture of plastics with different compositions or mixed with other materials such as food leftovers that are difficult to extract. PET-Bottle-Grade – Non-biodegradable-plastics

Plastics are a big pain to recycle, and waste either ends up in landfills or is burned. This is why reducing the plastic footprint of food packaging and agriculture is high on the environmental agenda.

Short of cutting down on the number of plastics used in food packaging and the agricultural cycle, researchers are looking into a more natural solution – one that involves creepy crawlies and microscopic bacteria.

‘The secret lies in the combination of different organisms – insects, earthworms and microbes – to convert non-recyclable plastic waste into bioproducts, or to remove them from the soil or compost,’ said María José López, a microbiology professor at the University of Almería, Spain, and BBI JU-funded RECOVER project coordinator.

Prof. López and the RECOVER team are investigating the use of these tiny creatures to not only degrade conventional food packaging, and agricultural plastic waste, but also produce bioplastics and biofertilisers for industries.

Their goal is to convert plastic made from fossil fuels into biodegradable equivalents in a single step. PET-Bottle-Grade – Non-biodegradable-plastics

PET-Bottle-Grade - Non-biodegradable-plastics

PET-Bottle-Grade Petrochemicals 

rPET-prices reach ‘record high’ across Europe

-Meet nature’s-plastic-eaters, by Recover, Bizente and Enzycle

-Warning high-recycled prices could defeat plastics-tax

SABIC, ExxonMobil start commercial operation of Texas-JV-project

Gas-prices could soar if Russia-invades-Ukraine

Neenah Joins Soteria-Battery Innovation Group Consortium

Closed-Loop-Partners launches Local Recycling-Fund

 

PET-Bottle-Grade – Non-biodegradable-plastics

Polyolefins-and-PET – Sugar-based-plastics 22-01-2022