PET-supply-tight – Petrochemicals 23-05-2022

PET-supply-tight – Petrochemicals

Crude Oil Prices Trend 

Crude Oil Prices Trend  Polyestertime

PET-bottle -Petrochemicals – Polyolefins 

PET-supply-tight - Petrochemicals

-PET supply tight, prices rising

Despite record-high PET bale prices, one reprocessor says bale quality has not improved.

A bottle-to-bottle polyethylene terephthalate (PET) reprocessor based in the Midwest says scrap supply remains tight, with bale prices at record highs as of the start of May. The rise in demand and pricing is partly related to recycled-content mandates in the European Union, she says.

“Currently, the European market is very tight, which is impacting any imports into the U.S. as product gets diverted to Europe, where pricing is higher than the U.S.,” the PET reclaimer says.  PET-supply-tight – Petrochemicals

Despite the record-high bale prices, she says her company has seen minimal improvements in bale yield.

Demand for recycled PET has pushed its pricing higher than that of virgin PET, the recycler says, which also is at record highs.

“PET has skyrocketed, while PE/PP (polyethylene/polypropylene) has held its own nicely,” a thermoplastic recycler based on the West Coast says.

PET supply tight, prices rising

-Bottle Grade PET resin price hits 4-year high

Recently, bolstered by hiking crude oil and tight spot supply, bulk discussion for PET spot and near-term goods has breached above intra-year high to 9000-9050yuan/mt, the first time that hiked above 9000yuan/mt since Jan 1 2018.

So far, China PET bottle chip industry run averages at 84.7% (94.3% if based on designed capacity of 11.71 million tons), which is a flat figure compared with past few years. Factory stock level averages at 10.5 days, way lower from 2020’s 19-20 days and 2021’s 14-15 days. Besides, the epidemic control and plants glitch have caused contract supply reduction, hence market players are a bit worried about the supply in Jun-Aug, which make downstream stock build even more intensive. According to CCFGroup incomplete statistics, large end-user plants restocking volume has reached 150kt in May. Some plants have already restocked part of the contract previously, but to guarantee normal delivery, they still choose to increase purchasing volume to scatter the risk.

PET-supply-tight - Petrochemicals

-PET-bottle -Petrochemicals – Polyolefins 

PET-supply tight, prices rising

Bottle-Grade-PET-resin price hits 4-year high

Ineos, Barnes-Partner to Optimize Molding of Recycled-ABS

-The contract-price-of-paraxylene-in-May increased by EUR75 per ton in Europe

Milliken prepares to launch major clarifier-plant

-Contract prices of extrusion PC-in -Europe increased by EUR60 per ton

Bio-Polyolefin-Market Set to Grow as Fast as Sugar-Cane

Canada AmmPower announces that demonstration unit produces first green-ammonia

PET-supply-tight – Petrochemicals

Recycled-material – Polyester-filament-yarn 20-05-2022

PET-bottle -Petrochemicals – Polyolefins 23-05-2022

PET-bottle -Petrochemicals – Polyolefins

PET-bottle -Petrochemicals - Polyolefins

Polyestertime
ITEM 16/05/2022 23/05/2022 +/-
Bottle grade PET chips domestic market 8,900 yuan/ton 8,925 yuan/ton +25
Bottle grade PET chips export market 1,255 $/ton 1,250 $/ton -5
Filament grade Semidull chips domestic market 7,775 yuan/ton 7,800 yuan/ton +25
Filament grade Bright chips domestic market 7,925 yuan/ton 7,925 yuan/ton
Pure Terephthalic Acid PTA domestic market

PET-bottle -Petrochemicals – Polyolefins

6,780 yuan/ton 6,745 yuan/ton -35
Pure Terephthalic Acid PTA export market 1,050 $/ton 1,060 $/ton +10
Monoethyleneglycol MEG domestic market 5,010 yuan/ton 4,900 yuan/ton -110
Monoethyleneglycol MEG export market 622 $/ton 620 $/ton -2
Paraxylene PX FOB  Taiwan market 1,289 $/ton 1,301 $/ton +12
Paraxylene PX FOB  Korea market 1,269 $/ton 1,281 $/ton +12
Paraxylene PX FOB EU market 1,449 $/ton 1,447 $/ton -2
Polyester filament POY 150D/48F domestic market 8,320 yuan/ton 8,350 yuan/ton
+30
Recycled Polyester filament POY  domestic market 7,650 yuan/ton 7,800 yuan/ton +150
Polyester filament DTY 150D/48 F domestic market 9,700 yuan/ton 9,750 yuan/ton +50
Polyester filament FDY 68D24F 9,450 yuan/ton 9,550 yuan/ton +100
Polyester filament FDY 150D/96F domestic market 9,000 yuan/ton 9,000 yuan/ton
Polyester staple fiber 1.4D 38mm domestic market 8,600 yuan/ton 8,480 yuan/ton -120
Caprolactam CPL domestic market 14,600 yuan/ton 14,900 yuan/ton
+300
Caprolactam CPL overseas  market 2,150 $/ton 2,170 $/ton +20
Nylon6 chips overseas  market 2,420 $/ton 2,420 $/ton
Nylon6 chips conventional spinning domestic  market 15,350 yuan/ton 15,550 yuan/ton +200
Nylon6 chips  high speed spinning domestic  market 15,800 yuan/ton 16,000 yuan/ton +200
Nylon 6.6 chips domestic  market

PET-bottle -Petrochemicals – Polyolefins

26,000 yuan/ton 26,000 yuan/ton
Nylon6 Filament POY 86D/24F domestic  market 18,100 yuan/ton 18,100 yuan/ton
Nylon6 Filament DTY 70D/24F domestic  market 20,650 yuan/ton 20,650 yuan/ton-
Nylon6 Filament FDY  70D/24F  18,800 yuan/ton 18,800 yuan/ton
Spandex 20D  domestic  market 65,500 yuan/ton 65,500 yuan/ton
Spandex 30D  domestic  market 56,500 yuan/ton 56,500 yuan/ton
Spandex 40D  domestic  market 48,000 yuan/ton 47,500 yuan/ton -500
Adipic Acid domestic market 11,750 yuan/ton 11,850 yuan/ton +100
Benzene domestic market 9,100 yuan/ton 9,260 yuan/ton +160
Benzene overseas  market 1,231 $/ton 1,238 $/ton +7
Ethylene South East market 1,220 $/ton 1,150 $/ton -70
Ethylene NWE  market 1,398 $/ton 1,409 $/ton +11
Acrylonitrile ACN  domestic market 11,600 yuan/ton 11,500 yuan/ton -100
Acrylonitrile ACN  overseas market

PET-bottle -Petrochemicals – Polyolefins

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 14,740 yuan/ton 14,800 yuan/ton +60
PP Powder domestic market
9,900 yuan/ton 9,780 yuan/ton -120
Naphtha overseas market  923 $/ton 903 $/ton
-20
Phenol domestic market 10,460 yuan/ton 10,460 yuan/ton

PET-bottle -Petrochemicals – Polyolefins

Recycled-ABS – Bio-Polyolefin 23-05-2022

Recycled-ABS – Bio-Polyolefin

-Ineos, Barnes Partner to Optimize Molding of Recycled ABS

Ineos collaborates with the Molding Solutions business of Barnes Group to develop optimal molding parameters for its new grades of mechanically recycled ABS.

Two new grades of mechanically recycled ABS, featuring either 50% or 70% recycled content, promise to match the properties of prime materials and are the focus of a partnership intent on optimal molding of the materials.

The grades — Terluran ECO GP-22 MR50 and MR70 — from Germany’s Ineos Styrolution are based on post-consumer waste electrical and electronic equipment and will be available in black. The materials are aligned with the company’s pledge to incorporate at least 325 kilotons a year of recycled materials into its products.

“We are convinced that our Terluran ECO is the best mechanically recycled ABS in the world,” said Yohann Bach, Product Director ABS Standard EMEA for Ineos Styrolution. “It offers identical properties to the respective native material.”

Terluran ECO materials are expected to match the mechanical properties of their respective prime Terluran grades, the company said, with no need for downcycling. They are intended to be used in the same applications as prime Terluran GP-22, including household applications and housings for electronic devices. ECO materials compare favorably in performance with prime GP-22, per the company’s data sheets. For instance, the tensile modulus of GP-22 is 2300 MPa vs. 2100 for both ECO variants.

Ineos will collaborate with Molding Solutions, a business unit within the Barnes Group, to explore how best to mold these sustainable materials.

Ineos, Barnes Partner to Optimize Molding of Recycled ABS

-The contract price of paraxylene in May increased by EUR75 per ton in Europe

MOSCOW (MRC) — The contract price of paraxylene rose by EUR75 per tonne in Europe in May compared to April, reaching a new all-time high since February 2013, ICIS reported.

Thus, the May contract price of paraxylene was agreed at EUR1,240 per tonne, FD NWE.  Recycled-ABS – Bio-Polyolefin

Demand for paraxylene in Europe should continue to grow in the near future as markets for purified terephthalic acid (TPA) and polyethylene terephthalate (PET) enter the peak season.

Rana was informed that the participants in the negotiation process to agree on the May contract prices of paraxylene in Asia could not reach an agreement for the current month. Approval of the monthly contract price for the material is achieved when it is agreed by at least two suppliers and two buyers. This is the fifth month in a row this year that the contract price of paraxylene remains uncoordinated.

Paraxylene is a raw material for the synthesis of terephthalic acid, an intermediate for the production of polyethylene terephthalate (PET).

Recycled-ABS - Bio-Polyolefin

-Milliken prepares to launch major clarifier plant

New S.C. plant set to boost Millad® NX® 8000 capacity by more than 50 percent

Milliken & Company will begin production at its new clarifier plant soon in Blacksburg, S.C. This significant additional capacity will address strong worldwide demand for clarified plastic products. The company, a global manufacturer with plastic additives and colorants expertise, says this new, world-class facility will increase production capacity of its market-leading Millad® NX® 8000 polypropylene clarifier by more than 50 percent.  Recycled-ABS – Bio-Polyolefin

“This represents the largest clarifier plant investment in Milliken history,” said Cindy Boiter, president of Milliken’s Chemicals Business. “Engineering is complete, and we are in the process of commissioning the plant. When we launch production in the fall, it will allow us to address both current market needs and increasing demand for these products well into the future.”

“Global demand for Millad NX 8000 clarifier has grown at an 11 percent compounded annual growth rate (CAGR) for each of the past nine years,” added Boiter. “Global clarifier demand grew by 16 percent in just the past two years,” outstripping the growth rates for global polypropylene (PP) resin. “All regions have contributed to the growth of clarified PP, with Asia leading the way.”

A number of factors are driving this demand. Milliken’s own customer research underscores the importance of being able to clearly see the products they are buying. Millad NX 8000 provides close to glass-like clarity in PP packaging, which improves customer confidence during their buying process, especially for food products. This clarity enables brand owners to replace PET, polystyrene, polycarbonate, and more with PP — shown by studies to be a more sustainable option.

The current soaring energy prices, meanwhile, have also spiked interest in any resins or additives like this one, which can help converters to save energy during processing. As a result of these certified savings, brand owners using PP clarified with Millad NX 8000 ECO can display a UL Environmental Claim Validation label on their injection molded parts.

Polypropylene is not only lightweight and durable; it also is one of the least energy-intensive polymers to make and recycle compared to other clear polymers.

Recycled-ABS - Bio-Polyolefin

-Contract prices of extrusion PC in Europe increased by EUR60 per ton

Contract prices for extrusion polycarbonate (PC) in Europe rose by EUR60 per tonne in May amid high production costs and despite demand showing signs of decline, ICIS said. Recycled-ABS – Bio-Polyolefin

Manufacturers have demanded further price increases as they argue that production costs remain high, production margins are shrinking, and the cost of raw benzene is rising.

The increase in prices occurs despite a decrease in demand due to difficulties in supply in sales markets and the reluctance of buyers to accept the current high prices of PCs.

Buyers are reducing their orders as a sharp decline in demand allows them to live off their inventory and wait one or two months to buy at a potentially lower price.

This decline is due to macroeconomic problems that hinder the European economy and reduce the costs of end consumers.

Earlier it was reported that the May contract price of benzene in Europe rose to the level of EUR1,175 per ton, which is EUR45 per ton more than in April. The price of the May contract was agreed in US dollars at USD1,232 per tonne and converted to euro at the agreed exchange rate EUR1= USD1,049.

Recycled-ABS - Bio-Polyolefin

-Bio-Polyolefin Market Set to Grow as Fast as Sugar Cane

Market leader Braskem is being joined by a multitude of new sources, as suppliers, brand owners, and nations pursue sustainability targets.

Sugar cane can grow to a height of 10 feet in 12 months. Independent research by plastic market and technology expert MLT Analytics (MLTA) indicates that usage of polyethylene and polypropylene derived from renewable resources such as sugar cane, non-edible plants, and biogenic fats and oils has the potential to grow equally fast. Recycled-ABS – Bio-Polyolefin

Bio-polyethylene market leader Braskem exported almost 150,000 tonnes of bio-PE in 2021, headed by bio-HDPE and bio-LDPDE grades, according to MLTA analysis. Further, with mass balance–based production picking up in Europe and Japan, the global bio-PE market will soon surpass 200,000 tonnes annually.

“Bio-based polyolefins are emerging as key enablers for plastics suppliers and brand owners alike to reach their sustainability goals,” notes MLTA CEO Stephen Moore. Regulatory pressure is also evident. Case in point: Japan’s Green Growth Strategy Through Achieving Carbon Neutrality in 2050 targets two million tonnes of biomass plastics in 2030. “Leading Japanese polyolefin suppliers are already gearing up to meet these targets,” says Moore. For example, “Prime Polymer shipped its first bio-PP shipment in March this year using bio-based hydrocarbons from Neste, while parent company Mitsui Chemicals is also developing its own process technology to polymerize PP from bio-isopropanol.”

While low-density PE, particularly for coating of paperboard containers, and high-density PE, mainly for packaging and bags, currently dominate the marketplace, bio-linear-low-density PE and bio-EVA are also emerging sustainable options, as is bio-PP. “A key differentiator in the market going forward will be whether these offerings are indeed 100% bio-based resins or marketed using a mass balance approach,” says Moore.

Recycled-ABS - Bio-Polyolefin

-Canada AmmPower announces that demonstration unit produces first green ammonia

Canadian firm AmmPower announced that their independent ammonia making machine (IAMM) demonstration unit, which is capable of 50 kg/day of green ammonia production, is now operational and made its first ammonia on 16 May.

The company said the technology used in this demonstration unit will be scaled up for use in their 4 tonne/day IAMM unit, which is also being designed in-house.

The target market for the full-scale units will be the independent distributors and retailers of anhydrous ammonia used for fertilizer with Q1 of 2023 the target date for first deliveries. Recycled-ABS – Bio-Polyolefin

Previously the company said while pricing has not been finalised it is expected to cost between $3m-3.5m per unit.

AmmPower said their production team have begun patent submissions around the IAMM process of green ammonia production as they designed the novel ammonia synthesis reactor and performed months of catalyst research.

The goal was to develop the techniques used to create scalable, safe, and economically viable green ammonia solutions, which the company said is applicable for farming, fuel, and the cracking of hydrogen for a variety of purposes.

“The IAMM unit is something that has been missing in the agricultural world. Allowing for ammonia production, on location, providing fertilizer for dealers and growers, is something that has rarely been seen before in modern farming history,” said Eric Kelley, AmmPower Head of Agriculture.

Canada AmmPower announces that demonstration unit produces first green ammonia

Recycled-ABS – Bio-Polyolefin

Recycled-material – Polyester-filament-yarn 20-05-202223