Petrochemicals Polymers – German industrial orders rebound in August but outlook uncertain 09-09-2023

Petrochemicals Polymers

Petrochemicals Polymers

  • Polymers : PET – r-PET – Filament grade semidull chips -Filament grade bright chips – Ny6 – Ny66 – PP
  • Feedstocks  PX – PTA – MEG – CPL – Adipic Acid – Benzene – ACN – Ethylene – Phenol – Naphtha
  • Textile : Polyester POY – DTY – FDY – PSF – Recycled Polyester POY – Nylon POY – DTY – FDY Spandex 20-30-40 -Viscose Staple Fiber VSF  Acrylic Staple Fiber 

Petrochemicals Polymers

Petrochemicals Polymers

Polyestertime
ITEM 02/10/2023 09/10/2023 +/-
Bottle grade PET chips domestic market 7,200 yuan/ton 7,025 yuan/ton -175
Bottle grade PET chips export market 905 $/ton 890 $/ton -15
Filament grade Semidull chips domestic market 7,100 yuan/ton 6,980 yuan/ton -120
Filament grade Bright chips domestic market 7,170 yuan/ton 7,010 yuan/ton -160
Pure Terephthalic Acid PTA domestic market 6,240 yuan/ton 6,005 yuan/ton -235
Pure Terephthalic Acid PTA export market 790 $/ton 760 $/ton -30
Monoethyleneglycol MEG domestic market 4,050 yuan/ton 4,025 yuan/ton -25
Monoethyleneglycol MEG export market 470 $/ton 467 $/ton -3
Paraxylene PX FOB  Taiwan market

Petrochemicals Polymers

1,117 $/ton 1,050 $/ton
-67
Paraxylene PX FOB  Korea market 1,094 $/ton 1,027 $/ton -67
Paraxylene PX FOB EU market 1,250 $/ton 1,250 $/ton
Polyester filament POY 150D/48F domestic market 8,050 yuan/ton 7,900 yuan/ton
-150
Recycled Polyester filament POY  domestic market 7,550 yuan/ton 7,550 yuan/ton
Polyester filament DTY 150D/48 F domestic market 9,350 yuan/ton 9,150 yuan/ton -200
Polyester filament FDY 68D24F

Petrochemicals Polymers

9,200 yuan/ton 9,100 yuan/ton -100
Polyester filament FDY 150D/96F domestic market 8,650 yuan/ton 8,500 yuan/ton -150
Polyester staple fiber 1.4D 38mm domestic market 7,800 yuan/ton 7,620 yuan/ton -180
Caprolactam CPL domestic market 13,000 yuan/ton 12,500 yuan/ton
-500
Caprolactam CPL overseas  market 1,600 $/ton 1,600 $/ton
Nylon 6 chips overseas  market 1,830 $/ton 1,900 $/ton
Nylon 6 chips conventional spinning domestic  market 14,050 yuan/ton 13,500 yuan/ton -550
Nylon 6 chips  high speed spinning domestic  market

Petrochemicals Polymers

14,900 yuan/ton 14,400 yuan/ton -500
Nylon 6.6 chips domestic  market 19,500 yuan/ton 19,400 yuan/ton -100
Nylon6 Filament POY 86D/24F domestic  market 17,000 yuan/ton 16,500 yuan/ton -500
Nylon6 Filament DTY 70D/24F domestic  market 19,150 yuan/ton 18,700 yuan/ton- -450
Nylon6 Filament FDY  70D/24F  18,100 yuan/ton 17,500 yuan/ton -600
Spandex 20D  domestic  market

Petrochemicals Polymers

36,500 yuan/ton 36,500 yuan/ton
Spandex 30D  domestic  market 35,000 yuan/ton 35,000 yuan/ton
Spandex 40D  domestic  market  32,200 yuan/ton 32,200 yuan/ton
Adipic Acid domestic market 9,900 yuan/ton 9,800 yuan/ton -100
Benzene domestic market

Petrochemicals Polymers

8,240 yuan/ton 7,940 yuan/ton -300
Benzene overseas  market 975 $/ton 908 $/ton -67
Ethylene South East market 870 $/ton 900 $/ton +30
Ethylene NWE market 785 $/ton 772 $/ton -13
Acrylonitrile ACN  domestic market

Petrochemicals Polymersv

10,000 yuan/ton 10,000 yuan/ton
Acrylonitrile ACN  overseas market 1,200 $/ton 1,200 $/ton
Acrylic staple fiber ASF  domestic market 14,100 yuan/ton 14,600 yuan/ton +500
Viscose Staple Fiber VSF  domestic market 13,400 yuan/ton 13,400 yuan/ton
PP Powder domestic market

Petrochemicals Polymers

7,600 yuan/ton 7,450 yuan/ton -150
Naphtha overseas market  711 $/ton 648 $/ton -37
Phenol domestic market 9,477 yuan/ton 9,112 yuan/ton -365

r-PET high end eco-friendly chips =7,800 yuan/ton 7,800 yuan/ton   –

 

Petrochemicals Polymers

German industrial orders rebound in August but outlook uncertain

German industrial orders rose more than expected in August due to a strong increase in computing, electronic and optical products, but the outlook for the sector remains challenging.

Orders rose by 3.9% on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said on Friday.

A Reuters poll of analysts had pointed to a rise of 1.8%.

“This means that incoming orders have stabilised after a two-year decline,” said Ralph Solveen, chief economist at Commerzbank. However, this stabilisation is at a lower level than before and companies will have to gradually adjust their production in the coming months.  Petrochemicals Polymers

The less volatile three-month on three-month comparison showed that new orders were 4.9% higher in the period from June to August than in the previous three months.

The increase in August follows a sharp decline the previous month. The statistics office revised July’s drop to 11.3% compared with June, from a provisional decline of 11.7%.

In August, an increase of 37.9% on the month in the manufacturing of computer, electronic and optical products drove the expansion in industrial orders. The manufacturing of electronic components was largely responsible for the increase, the statistics office said.

Foreign orders were up 3.9% on the month and domestic orders rose by 4.0%, the data showed.  Petrochemicals Polymers

“The weak external environment and the high level of uncertainty in Germany still call for caution,” said Bastian Hepperle, senior economist at Hauck Aufhaeuser Lampe Privatbank. He said the weak period in the manufacturing sector was likely to continue.

Despite the positive data for August, Germany’s manufacturing sector, which accounts for about a fifth of its economy, remains mired in a downturn.

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German industrial orders rebound in August but outlook uncertain

Geneva Motor Show (GIMS) in Qatar

Sheikhs from oil to electricity. And they take Ginevra to the desert

From oil to electricity, even sheikhs change. The car is not the end, but the means to get into. Just as the rest of the world seems to want (or have to) go down: investing on four wheels is now officially the new frontier of the richest Arab countries. The strategy is always the same: attract the best to your home, exactly as has already happened for football and other forms of business. Nothing is impossible, nor too expensive for them. Not even carrying Guinevere into the desert.  Petrochemicals Polymers
This is exactly what is happening, given that the most prestigious and oldest car show in the world, after a few years of trouble, increasingly lukewarm participation from manufacturers and cancellations due to Covid, opened its awaiting Middle Eastern edition on Saturday in Doha to return to Switzerland next February. The Geneva Motor Show (GIMS) in Qatar – which will be organized every two years and always in conjunction with the Formula 1 Grand Prix – is not a scandal at all but a sign of the times, with a fundamental variant.  Petrochemicals Polymers
The idea of Middle Eastern countries is to ride the change in global mobility and invest the money earned from oil and natural gas in renewables and electric cars. The desire, in many cases, is to support a foreign brand and then find a way to also invite it to build its cars in the Emirates, contributing to the growth of the local economy.
Rich Arab entrepreneurs continue to buy European luxury cars to show off behind the wheel on the Corniche in Doha or at the Dubai Marina, where Ferraris and Lamborghinis, Bentleys and Rolls-Royces circulate as if they were giving them away: traditional custom-built cars remain a status symbol here. But this attraction, which was also reflected at the level of investments for Gulf companies that purchased shareholdings in traditional brands, seems to be over. Today, with the ecological transition, Arab funds are looking less and less at Europe and more and more at China, master of the electric car with its brands, still little known in our latitudes but very popular elsewhere.  Petrochemicals Polymers
CYVN Holding, for example, recently signed a deal to buy 7% of NIO. The Abu Dhabi government fund will thus contribute to giving an injection of liquidity (700 million euros) to the Shanghai company. While the Ministry of Investment of Saudi Arabia has declared that it is ready to invest around 5 billion euros in Human Horizons, a Chinese brand that has recently made its debut in Europe with two premium electric cars under the HiPhi brand.
Not only participations, but also production. It happened with Iconiq Holding Limited, a startup founded by Chinese entrepreneur Allen Wu in 2016 and purchased in 2022 by NWTN, a Dubai-based company financed by Sultan Investments, a giant in the Emirati real estate sector. NWTN has built a factory in China and one in Dubai where it assembles cars coming from China. Saudi Arabia, which is already ready to debut on the market with Ceer, the first brand of the monarchy which is part of a joint venture between the sovereign fund Pif and the Taiwanese multinational, is also the main investor of the American Lucid Motors which has received an order for 100 thousand vehicles over ten years from local authorities, and which will produce its 100% battery-powered vehicles in a factory near Jeddah, near the Red Sea. The initiative is part of the program launched by the Riyadh government to diversify the local economy and achieve, by 2030, a 30% sales mix covered by battery-powered cars.  Petrochemicals Polymers
It is normal, with these premises, that a country like Qatar brings home the most famous event dedicated to the sector, with the participation of many Chinese manufacturers alongside Toyota, Kia, Porsche, Volkswagen, Audi, Lamborghini, Mercedes and BMW which here they obviously brought their most luxurious models (but not only) and 10 world “firsts”. «We have created a completely new car festival, respectful of the Geneva tradition but with an innovative format – explains Sandro Mesquita, CEO of GIMS who has signed an agreement with the Qatari authorities for 5 editions over the next ten years -. No longer just an exhibition, but dynamic tests on the track and in the desert for the public.”
But Doha is focusing on broader projects.  Petrochemicals Polymers

«For our country – explains the Qatari Minister of Tourism Saad Bin Ali Kharji – the GIMS is the most prestigious and influential automotive experience in the Middle East. An important step also in terms of hospitality in the strategy that will help us become the fastest growing destination in this part of the world by 2030.”

Petrochemicals Polymers

Petrochemicals Polymers

Recycling Technology – Petrochemicals Polymers – German industrial orders rebound in August but outlook uncertain  09-10-2023

Recycling Technology

Crude Oil Prices Trend 

Crude Oil Prices Trend by Polyestertime

Crude Oil Prices Trend by Polyestertime

Petrochemicals Polymers – German industrial orders rebound in August but outlook uncertain 

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Recycling Technology

Toray Develops Glass Fiber-Reinforced PPS Recycling Technology

Matches performance of virgin content, reduces CO2 emissions

Toray Industries, Inc. has developed a technology that makes it possible to recycle glass fiber-reinforced polyphenylene sulfide (PPS-GFRP) whose performance matches initial performance of virgin resins. By Increasing recycling ratio of PPS GFRP, it will contribute to reducing CO2 emission.  Recycling Technology

PPS resin is an engineering plastic with excellent heat resistance and chemical resistance. More than 90% of PPS resin is glass fiber reinforced and applied for various types of industrial applications. Also, PPS resin has excellent insulation resistance. It is applied for electronic parts such as semiconductors and EV parts. Demand of PPS resin is expected to increase along with these applications and the need of PPS recycling reins.

The conventional process for recycling PPS-GFRP shortens glass fibers and breaks them. This significantly decreases mechanical strength. To meet the performance requirements of resin molded products, manufacturers generally apply them in applications with lower quality requirements.  Recycling Technology

This makes it difficult to increase the recycling ratio of PPS resin.

Toray developed pellets for recycling materials by leveraging proprietary compounding technology to blend PPS resin with special reinforcing fibers. Blending these pellets with recycled material makes it possible to maintain comparable performance with virgin material and can be applied to same application, such as horizontal recycling and expected to be used for various applications.

This technology can deliver comparable mechanical strength with injection grade moldings wholly made with virgin material. This is even when recycled material accounts for 50% or more of the PPS-GFRP. Another benefit of 50% recycled content is that it reduces CO2 emission by at least 40%.  Recycling Technology

The company is working on technologies to broaden variations by designing different resins and additives in pellets for recycling materials. It looks to supply recycled PPS- GFRP pellets after engineering optimal pellet blend ratios and formulations that meet customer demand requirements and by drawing on Materials Informatics-based prediction technologies.

Collaborating with several molding companies and other business partners, Toray has already embarked on closed recycling initiatives with its technology. One move has been to supply customers with recycled PPS-GFRP pellets blended with those for materials recycling based on process remnants from customer plants. The company is also conducting tests to verify horizontal recycling and prepare for commercialization with cooperations from customers.  Recycling Technology

Toray plans to seek more partners to create a recycling scheme and will foster the use in open recycling for materials recovered from the marketplace, thus helping to realize a sustainable economy. A first step will be to develop sample work, primarily for customers in Japan, thereafter, launching offerings under Ecouse, Toray’s integrated brand for recycled materials and products.

One goal of the Toray Group Sustainability Vision for 2050 is to contribute to a world in in which resources are sustainably managed.  Recycling Technology

Recycling Technology

Coca-Cola India has expanded its 100% recycled PET bottles for its packaged drinking water brand Kinley, launching the bottles in pack sizes of 250 milliliters and 750 milliliters for Coca-Cola.

The recycled bottles are manufactured by Coca-Cola’s bottling partners Moon Beverages, and SLMG Beverages. They are made from 100% food-grade recycled polyethylene terephthalate (PET), except for the caps and labels. The recycled plastic is approved by the U.S. FDA and European Food Safety Authority (EFSA) for food-grade recycled material and repurposed into new PET bottles.  Recycling Technology

“PET plastic bottles have value beyond their first life,” Sanjeev Agarwal, chairman, Moon Beverages (part of MMG Group), said in a statement. “Our new bottles made with food-grade rPET are recyclable and can become another bottle giving it another life. Recycled PET is a big move in the right direction to embrace plastic circularity in India.”

The company said it was the first to launch a one-litre bottle made from 100% recycled PET. Coca-Cola now offers the recycled bottles in more than 40 markers. The iconic brand also has a goal, dubbed World Without Waste, to meet 50% of recycled content by 2030.

In addition, Coca-Cola is aiming to collect and recycle the equivalent of a bottle or can for every one the company sells globally by 2030. Plus, it wants to make 100% of its packaging recyclable by 2025.  Recycling Technology

“We produced the first bottle of Coca-Cola in India and are proud to be amongst the first bottlers to produce the rPET variant,” said Paritosh Ladhani, managing director, SLMG Beverages. “We are committed to sustainability and SLMG is enthused to drive meaningful change and build a sustainable future.”

The use of recycled PET in food packaging was approved by the Food Safety Authority of India. Other agencies, including the Government of India’s, Ministry of Environment, Forest and Climate Change, and the Bureau of Indian Standards, have facilitated the use of recycled plastics in food and beverage packaging.  Recycling Technology

The actions in India follow the Coca-Cola Bangladesh launch of 100% rPET bottles in December 2022 — making it the first market in Southwest Asia to introduce Kinley water bottles in one-liter packages.

Coca-Cola also has a “Return and Recycle” initiative with Zepto that gathers bottles directly from consumers.

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Recycling Technology

Mandatory Bottle Return System to be Introduced Next Year

From January 1, 2023, the mandatory bottle return system will start in Hungary. The government’s aim is to enable Hungary to switch to a circular economy as quickly as possible.  Recycling Technology

A mandatory bottle return system will be in place from the beginning of next year, with the decree laid down in the latest issue of the Hungarian Gazette published on Wednesday evening. The products subject to the mandatory return fee include all glass, metal, plastic bottles and cans of beverage products with a capacity of between one deciliter and three liters, with the exception of milk and milk-based beverage products.

Manufacturers are obliged to place a legally required marking on these products, the communications department of the Ministry of Energy announced.

Anikó Raisz, Secretary of State responsible for environment and circular economy, stated that this system will contribute to Hungary achieving a 90 percent PET bottle recycling rate in a few years.  Recycling Technology

The fee for mandatory returnable non-reusable beverage packaging will be HUF 50 (EUR 0.13) per item.

For products and refillable bottles with a voluntary return fee, the manufacturers will determine the amount that customers can get back after returning them.

The mandatory return of the bottles must be provided by reverse vending machines in groceries with a sales area of more than 400 square meters, and mandatory return points in municipalities with more than 1,000 inhabitants. Retail outlets that are obliged to operate reverse vending machines will soon be able to register at MOHU MOL Waste Management Zrt., while stores with smaller sales areas can join the system on a voluntary basis.  Recycling Technology

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Mandatory Bottle Return System to be Introduced Next Year

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Recycling Technology