Petrochemicals – PX-PTA-PET – rPET 30-01-2023

Petrochemicals – PX-PTA-PET – rPET

Petrochemicals - PX-PTA-PET - rPET

Polyestertime
ITEM 23/01/2023 30/01/2023 +/-
Bottle grade PET chips domestic market 7,350 yuan/ton 7,475 yuan/ton +125
Bottle grade PET chips export market 995 $/ton 1,010 $/ton +15
Filament grade Semidull chips domestic market 6,650 yuan/ton 6,740 yuan/ton +90
Filament grade Bright chips domestic market 6,750 yuan/ton 6,840 yuan/ton +90
Pure Terephthalic Acid PTA domestic market 5,790 yuan/ton 5,770 yuan/ton -20
Pure Terephthalic Acid PTA export market 800 $/ton 810 $/ton +10
Monoethyleneglycol MEG domestic market 4,310 yuan/ton 4,350 yuan/ton +40
Monoethyleneglycol MEG export market 538 $/ton 540 $/ton +2
Paraxylene PX FOB  Taiwan market 1,041 $/ton 1,076 $/ton
+35
Paraxylene PX FOB  Korea market 1,018 $/ton 1,053 $/ton +35
Paraxylene PX FOB EU market 1,231 $/ton 1,266 $/ton +35
Polyester filament POY 150D/48F domestic market 7,475 yuan/ton 7,600 yuan/ton
+125
Recycled Polyester filament POY  domestic market 7,150 yuan/ton 7,350 yuan/ton +200
Polyester filament DTY 150D/48 F domestic market 8,700 yuan/ton 8,850 yuan/ton +150
Polyester filament FDY 68D24F

Petrochemicals – PX-PTA-PET – rPET

8,700 yuan/ton 8,850 yuan/ton +150
Polyester filament FDY 150D/96F domestic market 8,200 yuan/ton 8,350 yuan/ton +150
Polyester staple fiber 1.4D 38mm domestic market 7,500 yuan/ton 7,580 yuan/ton +80
Caprolactam CPL domestic market 12,400 yuan/ton 12,900 yuan/ton
+500
Caprolactam CPL overseas  market 1,600 $/ton 1,700 $/ton +100
Nylon6 chips overseas  market 1,870 $/ton 1,870 $/ton
Nylon6 chips conventional spinning domestic  market 13,050 yuan/ton 13,700 yuan/ton +650
Nylon6 chips  high speed spinning domestic  market 13,100 yuan/ton 13,250 yuan/ton +150
Nylon 6.6 chips domestic  market 21,000 yuan/ton 21,000 yuan/ton
Nylon6 Filament POY 86D/24F domestic  market 15,400 yuan/ton 15,550 yuan/ton +150
Nylon6 Filament DTY 70D/24F domestic  market 17,650 yuan/ton 17,800 yuan/ton- +150
Nylon6 Filament FDY  70D/24F  15,800 yuan/ton 16,450 yuan/ton +650
Spandex 20D  domestic  market 38,500 yuan/ton 40,000 yuan/ton +1,500
Spandex 30D  domestic  market 36,000 yuan/ton 37,500 yuan/ton
Spandex 40D  domestic  market 33,000 yuan/ton 34,500 yuan/ton +1,500
Adipic Acid domestic market 10,600 yuan/ton 11,000 yuan/ton +400
Benzene domestic market

Petrochemicals – PX-PTA-PET – rPET

6,920 yuan/ton 7,130 yuan/ton +210
Benzene overseas  market 924 $/ton 991 $/ton +67
Ethylene South East market 840 $/ton 840 $/ton
Ethylene NWE market 825 $/ton 825 $/ton
Acrylonitrile ACN  domestic market 9,900 yuan/ton 10,200 yuan/ton +300
Acrylonitrile ACN  overseas market 1,500 $/ton 1,500 $/tn
Acrylic staple fiber ASF  domestic market 16,600 yuan/ton 16,600 yuan/ton
Viscose Staple Fiber VSF  domestic market 12,900 yuan/ton 13,000 yuan/ton +100
PP Powder domestic market
7,630 yuan/ton 8,050 yuan/ton +420
Naphtha overseas market  686 $/ton 712 $/ton
+26
Phenol domestic market 7,540 yuan/ton 7,940 yuan/ton +400

Petrochemicals – PX-PTA-PET – rPET

Conductive-carbon-additives – Battery 30-01-2023

Conductive-carbon-additives – Battery

-Cabot to invest in component for manufacturing lithium-ion batteries

The company plans to invest approximately $200 million in U.S. conductive carbon additives over the next five years, with plans to add 15,000 metric tons of capacity in Texas to meet needs of electric vehicle lithium-ion battery applications.

Cabot Corporation plans to add conductive carbon additives (CCA) capacity in its Pampa, Texas facility to be used in lithium-ion batteries that power electric vehicles.

The US government announced numerous grants and loans to encourage the adoption of electric vehicles, helping the country on its path to carbon neutrality by 2050. This includes $8.1 billion in grants and $25 billion of loans specifically to produce low or zero-emission vehicles or batteries. Conductive-carbon-additives – Battery

Battery manufacturers are clamoring to set up shop in the United States to take advantage of the financial incentives and to be a part of the clean energy transition. Cabot sees this market as ripe for investment, and the government programs as potential funding opportunities for the company in its efforts to expand CCA production capacity in the United States.

“We are at a pivotal moment as the vehicle fleet transitions from internal combustion engines to electric vehicles. CCAs are essential materials to make EV batteries work and expanding battery capacity and building a domestic materials supply chain are critical for the growth of EVs to be realized,” said Sean Keohane, president and chief executive officer of Cabot Corporation.

The Boston-based Cabot Corporation’s history goes back to 1882, when two Cabot brothers began the manufacture of carbon black, used as a colorant and reinforcing filler in tires and to add pigment and wear protection in plastics, paints, and more.

Fast forward to 2013, and the company is developing CCAs, an essential component of lithium-ion battery chemistry and are used to provide electrical conductivity to the active battery materials. Conductive-carbon-additives – Battery

Demand for critical materials for EV batteries is expected to continue to grow in the range of 20% to 30% globally over the next five years, Cabot reports, and growth in the U.S. is expected to outpace global demand. The company said it plans to invest approximately $200 million over the next five years focused on expanding the company’s CCA production in the United States.

Cabot expects to invest approximately $75 to $90 million to produce 15,000 metric tons of conductive carbons annually at its existing facility in Pampa, TX. This project is expected to create approximately 75 jobs and is planned to begin operation at the end of 2025. In addition to a manufacturing plant, Cabot also operates a research and development facility and pilot plant in Pampa that focuses on developing new process technology for battery and other applications.

Cabot also intends to make additional investments to expand its U.S. manufacturing and technology footprint over the next five years with plans to invest in new CNT powder and dispersion capacity and to continue extending its portfolio of innovative products for battery applications. Conductive-carbon-additives – Battery

The company reports that in fiscal year 2022 EBITDA in the product line was $29M with a year-over-year increase in revenue of 74%. Cabot Corporation is listed on the NYSE as CBT.

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Conductive-carbon-additives - Battery

Conductive-carbon-additives – Battery

Titanium-Dioxide – Microplastic 28-01-2023

Recycled-Plastics – Lithium-batteries 30-01-2023

Recycled-Plastics – Lithium-batteries

Petrochemicals – PX-PTA-PET – rPET

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Recycled-Plastics - Lithium-batteries

Crude Oil Prices Trend

Crude Oil Prices Trend

Crude Oil Prices Trend

-Chemically Recycled Plastics Hitch a Ride in Auto Applications

Business intel firm IDTechEx explores markets where chemically recycled plastics have a growing foothold.

Chemical recycling of end-of-life plastics has its champions and its critics. IDTechEx does not believe advanced recycling solutions are the much-promised silver bullet, nor does it think they have no role to play in a circular economy. As pyrolysis and depolymerization projects ramp up, one question is where the recycled material will be used?

IDTechEx has published a new report — “Chemical Recycling and Dissolution of Plastics 2023–2033” — replete with company appraisals, technology analysis, and independent market forecasts. The report profiles six main areas looking to adopt chemically recycled products. Recycled-Plastics – Lithium-batteries

Overall, IDTechEx forecasts that pyrolysis and depolymerization plants will recycle more than 20 million tonnes/year of plastic waste by 2033.

One key application area, according to IDTechEx, is the automotive industry. There are two aspects to the role of chemical recycling: First, making use of automotive shredder residue (ASR), and second, generating recycled plastics that have properties capable of replacing fossil-based incumbents. Automotive-grade resins have been launched by the likes of Sabic and Repsol and projects involving USCAR and Eastman, JLR and BASF, and others in this space. In terms of those further along toward commercialization, in 2022 Audi announced a seatbelt buckle for the Q8 e-Tron in collaboration with LyondellBasell, while Mercedes-Benz put into series production a door handle that uses pyrolysis oil from end-of-life tires developed with Pyrum and BASF. Expect to see several more announcements in 2023 and beyond.

Electronics potential

Although less reported, an emerging opportunity lies in the electronics space, mainly for polycarbonate (PC) or PC/ABS (acrylonitrile-butadiene-styrene) blends. Electronic devices are like every other industry in facing pressure to incorporate more recycled material, but much like clothing, consumer-facing premium brands can also benefit from promoting their sustainability credentials. Recycled-Plastics – Lithium-batteries

Mechanically recycled PC is known to be commonly incorporated, although sourcing-related challenges often surface. Several emerging examples of PC derived from pyrolysis oil exist, including materials from Lotte Chemical and Sabic.

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Recycled-Plastics - Lithium-batteries

-Equipolymers continues to keep the load of PET production in Germany reduced

Swiss company Equipolymers continues to keep loading at its polyethylene terephthalate (PET) plant in Skkhopau, Germany, reduced, Polymerupdate reports.

According to market sources, the load at the plant with a capacity of 335 thousand tons per year was reduced in November 2022 amid a decrease in production margins.

Earlier it was reported that in 2021, Equipolymers carried out prevention at the PET plant in Schkopau in October. Recycled-Plastics – Lithium-batteries

According to the ScanPlast review, in January-November 2022, the estimated consumption of PET in Russia amounted to 758.69 thousand tons, which corresponds to consumption for the same period a year earlier. Compared with November 2021, total estimated consumption increased by 4% and amounted to 78.77 thousand tons against 75.44 thousand tons last year.

Equipolymers is a joint venture between Petrochemical Industries Company and Dow Chemical Company. Both companies have a 50% stake in Equipolymers. The company manufactures and sells PET as well as terephthalic acid (TPA). The head office of the company is located in Zurich, Switzerland. The company has the production of PET and TPA in Ottan (Italy), as well as two PET production facilities in Schkopau (Germany).

Recycled-Plastics - Lithium-batteries

-Cabot to invest in component for manufacturing lithium-ion batteries

The company plans to invest approximately $200 million in U.S. conductive carbon additives over the next five years, with plans to add 15,000 metric tons of capacity in Texas to meet needs of electric vehicle lithium-ion battery applications.

Cabot Corporation plans to add conductive carbon additives (CCA) capacity in its Pampa, Texas facility to be used in lithium-ion batteries that power electric vehicles.

The US government announced numerous grants and loans to encourage the adoption of electric vehicles, helping the country on its path to carbon neutrality by 2050. This includes $8.1 billion in grants and $25 billion of loans specifically to produce low or zero-emission vehicles or batteries. Recycled-Plastics – Lithium-batteries

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Recycled-Plastics - Lithium-batteries

-2022 PET bottle chip market review

In 2022, the extent of industry prosperity of China PET bottle chip was still high, and the average spot processing spread was around 1500yuan/mt. Export increment was more than 1 million tons, but China domestic demand began to show negative growth.

Price: rushed up first and then fell down

PET bottle chip price rushed up first and then fell down as a whole in 2022, and market price continued to rise compared with 2021.

According to CCFGroup statistics, trading price for water bottle chip averaged at 8167.76yuan/mt by cash EXW and $1101.55/mt FOB Shanghai in 2022, respectively rising 19.6% and 11.7% year on year. Recycled-Plastics – Lithium-batteries

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2022 PET bottle chip market review

-Imperial Oil to invest USD539 mln for renewable plant in Canada

Imperial Oil Ltd said on Thursday that it plans to invest CD720 mln(USD538.64 mln) to construct a renewable diesel facility near its Strathcona refinery at Edmonton, Canada, said Reuters.

The facility will use low-carbon hydrogen produced with carbon capture, storage technology and locally sourced feedstock, the Canadian oil major said.

Imperial said the project, first announced in August 2021, would produce 20,000 barrels of renewable diesel daily, while the production is expected to start in 2025.

The company, which has a deal with Air Products and Chemicals Inc for low-carbon hydrogen supply, said it is looking for third parties for bio-feedstock supply.

We remind, Canada will ban the manufacture and import for sale of single-use plastics in an effort to achieve zero plastic waste by 2030, according to Environment and Climate Change Canada. The ban covers single-use plastics including checkout bags, cutlery, food service ware, ring carriers, stir sticks and straws, the federal government stated in a news release published on June 20. Recycled-Plastics – Lithium-batteries

Imperial Oil to invest USD539 mln for renewable plant in Canada

-Vecoplan enables plastics recycling cleaning trials at demonstration facility

Many sectors of the plastics industry are consequently undergoing a transition. The aim is to increase the recycling rate and use the advantages of plastic in such a way that no damage is caused to the environment.

“We’re seeing an increasing demand for high-quality plastic recyclates,” says Martina Schmidt, head of the Recycling and Waste Division at Vecoplan AG. “Many manufacturers are introducing closed cycles because it gives them direct control.”

Now, in a contribution to closed-loop recycling, Vecoplan is offering additional processing options. “Plastics recycling at a suitable level of cleanliness is becoming increasingly important,” says Schmidt. “By offering this to our customers, we can give them even greater support. At the end of the process chain, they get a material that is ready for the extruder.” Recycled-Plastics – Lithium-batteries

At its new technology centre in Neunkhausen, Vecoplan has installed a demonstration and test facility called the Cleanikum, which covers some 600 square meters. The test facility can run cleaning tests with film waste and thin-walled hard plastics made from polyolefins like LDPE, HDPE, and PP. The facility features a new combination of machines for cleaning plastic and processes it to yield high-quality extrudable flakes that can find use in the manufacture of consumer goods, packaging, and cosmetics.

“Our approach is purposely different from conventional solutions,” says Martina Schmidt. “Our developers have optimized the processing method to provide better cleaning quality while reducing energy and water consumption.”

Vecoplan’s Cleanikum process

The Cleanikum test centre demonstrates the systematic use of cleaning and separation technologies that help to cut back on the use of energy and water. Post-consumer waste can be cleaned in a cold or hot process and with or without lye – depending on the degree of contamination and the quality requirements for the recyclate. The combined demonstration and testing facility is able to handle polyolefins in the form of plastic film or used bottles.

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Vecoplan enables plastics recycling cleaning trials at demonstration facility

-Topsoe enters agreement with Steeper Energy to introduce complete waste-to-biofuel solution

Topsoe and Steeper Energy, a developer of biomass conversion technologies, signed a global licensing agreement for a complete waste-to-fuel solution. The agreement combines Topsoe’s technologies in renewable fuels and hydrogen production as well as decades of experience in engineering with Steeper’s proprietary Hydrofaction technology and industry know-how.Recycled-Plastics – Lithium-batteries

With the agreement, Topso e will be able to provide a complete waste-to-fuel technology solution and at the same time a one-stop solution for refineries, project developers, and industries having access to excess waste biomass. The end-products include Sustainable Aviation Fuel (SAF), marine biofuel, and renewable diesel from waste biomass.

Steeper’s Hydrofaction has been validated through various stages of continuous pilot and demonstration-scale plant operations over the past 10 years. With this agreement, the parties are working towards the first commercial scale deployment of Hydrofaction technology.

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Topsoe enters agreement with Steeper Energy to introduce complete waste-to-biofuel solution

Recycled-Plastics – Lithium-batteries

Titanium-Dioxide – Microplastic 28-01-2023

 

PET bottle chip market 30-01-2023

PET bottle chip market

-2022 PET bottle chip market review

In 2022, the extent of industry prosperity of China PET bottle chip was still high, and the average spot processing spread was around 1500yuan/mt. Export increment was more than 1 million tons, but China domestic demand began to show negative growth.

Price: rushed up first and then fell down

PET bottle chip price rushed up first and then fell down as a whole in 2022, and market price continued to rise compared with 2021.

According to CCFGroup statistics, trading price for water bottle chip averaged at 8167.76yuan/mt by cash EXW and $1101.55/mt FOB Shanghai in 2022, respectively rising 19.6% and 11.7% year on year. PET bottle chip market

Capacity: expansion lower than expected

According to CCFGroup statistics, China PET bottle chip nominal capacity was revised to 12.31 million tons/year at the end of 2022, as we include Wankai phase II 600kt/year line, and Chengold 600kt/year unit acquired by China Resources. The unit of China Resources restarted in Q4 2023, and did not run at full rates, so the actual impact on market supply was limited. Sichuan Hanjiang New Material 500kt/year line is expected to be put into production before the Spring Festival of 2023, which had no impact on the supply side of the market in 2022. China PET bottle chip output totaled 11.52 million tons in 2022, an increase of 11% over the same period last year.

In 2023, many PET bottle chip plants are expected to be put into production, including Wankai Chongqing III, Yisheng Hainan IV, Sanfame, Xinjiang Yipu, Fujian Billion, etc. However, in view of the expectation of intensively startup, the launch of some new plants may be postponed, depending on the actual launch situation at that time.

China domestic demand: negative growth

According to CCFGroup statistics, China domestic demand totaled 7.20 million tons, y-o-y down 3-4% and slightly lower than the previous expectation. Among them, sheet producers’ demand for PET bottle chips decreased significantly, with a year-on-year decline of 15%. PET bottle chip market

Cash flow: Significantly higher than 2021

Processing spread of PET bottle chip averaged at 1466yuan/mt and $189/mt respectively in 2022 (spread=PET bottle chip price-feedstock cost), obviously higher from 2021 level. However, due to the low cost of energy and labor and the technical update of equipment, the unit production cost of some large bottle chip factories reduced, and the actual profit margin is larger.

Seeing from China domestic and export sales, PET bottle chip cash flow in 2022 was good throughout the year, in which enterprises who had moderate export orders earlier or had forward orders still made profits, with a gross profit margin of more than 10% in some periods.

Operating rate: The annual operating rate was at an all-time high for most of the year

In terms of operating rate, most PET bottle chip producers operated at high rates in the first half of 2022. PET bottle chip market

Although factories issued production reduction plans gradually due to rising costs and weaker demand in the second half of the year, the overall operating rate remained at a high level, and sometimes factories operated at above 100%.

PET bottle chip running rate averaged at 97.5% in 2022 based on effectively released designed capacity of 11.82 million tons, and the overall fluctuation was mainly affected by seasonal factors and changes in epidemic control policy.

In Q1-Q3 2022, due to the substantial increase in export orders, China domestic spot supply of PET bottle chips was tightened, and the overall operating rate increased significantly compared with the same period in previous years.

Excluding the reduction and shutdown of the plants caused by the closure and control of the epidemic in individual periods, the overall average operating rate has been maintained at more than 100% for a long time (calculated on design capacity of 11.71 million tons).

Since the end of the third quarter, due to the fact that the delivery of orders in the early stage basically ended, the new domestic and export sales orders of PET bottle chip factories were not good, and the processing spread of RMB market was once compressed to around 800-900yuan/mt, resulting in reduced profit. PET bottle chip market

PET bottle chip market ushered in a major test of the off-season, some plants announced to cut production. The average operating rate of China domestic PET bottle chip factories once dropped to less than 90% (calculated on design capacity of 12.31 million tons).

Exports: rose up sharply, with an increase of more than 1 million tons

In 2022, China’s export share of PET bottle chip rose sharply, accounting for nearly 39% of total consumption. Calculating data from HS code 39076110, China PET bottle chip exports totaled 3.97million tons from January to November in 2022, YOY up 43%.

If combine HS code 39076910 and the delivery statistics of factories, overall exports of PET bottle chip in the first 11 months of 2022 was estimated at 4.30 million tons, hiking 39.5% on annual basis, which had far exceeded the total export delivery volume for the whole of 2021. Considering that Nov-Dec export order intake averaged around 380kt of each month, if combine HS code 39076910 and the delivery statistics of factories, overall exports of PET bottle chip in 2022 was estimated at 4.65 million tons, an increase of 32% over the same period last year.PET bottle chip market

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PET bottle chip market

Titanium-Dioxide – Microplastic 28-01-2023