Day: 29 April 2024

r-PET Packaging – Polymer prices: Upward trend continues due to higher feedstock costs 29-04-2024

r-PET Packaging

r-PET Packaging

  • 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 

r-PET Packaging

r-PET Packaging

Polyestertime
ITEM 22/04/2024 29/04/2024 +/-
Bottle grade PET chips domestic market 7,150 yuan/ton 7,075 yuan/ton -75
Bottle grade PET chips export market 905 $/ton 900 $/ton -5
Filament grade Semidull chips domestic market 6,900 yuan/ton 6,850 yuan/ton -50
Filament grade Bright chips domestic market 6,905 yuan/ton 6,870 yuan/ton -35
Pure Terephthalic Acid PTA domestic market

r-PET Packaging

 5,935 yuan/ton 5,925 yuan/ton
 -10
Pure Terephthalic Acid PTA export market 735 $/ton 735 $/ton –
Monoethyleneglycol MEG domestic market 4,445 yuan/ton 4,335 yuan/ton
 -110
Monoethyleneglycol MEG export market 518 $/ton 508 $/ton -10
Paraxylene PX FOB  Taiwan market 1,057 $/ton 1,040 $/ton
 -17
Paraxylene PX FOB  Korea market 1,035 $/ton 1,018 $/ton -17
Paraxylene PX FOB EU market 1,160 $/7on 1,140 $/ton -20
Polyester filament POY 150D/48F domestic market 7,625  yuan/ton 7,525 yuan/ton
 -100
Recycled Polyester filament POY  domestic market 7,500 yuan/ton 7,550 yuan/ton +50
Polyester filament DTY 150D/48 F domestic market 9,075 yuan/ton 9,025 yuan/ton -50
Polyester filament FDY 68D24F 8,900 yuan/ton 8,850 yuan/ton -50
Polyester filament FDY 150D/96F domestic market

r-PET Packaging

 8,200 yuan/ton 8,125 yuan/ton -75
Polyester staple fiber 1.4D 38mm domestic market 7,470 yuan/ton 7,470 yuan/ton –
Caprolactam CPL domestic market 12,900 yuan/ton 12,700 yuan/ton
 -200
Caprolactam CPL overseas  market 1,620 $/ton 1,620 $/ton –
Nylon 6 chips overseas  market 1,910 $/ton 1,890 $/ton -20
Nylon 6 chips conventional spinning domestic  market 14,375 yuan/ton 14,150  yuan/ton -225
Nylon 6 chips  high speed spinning domestic  market 14,700 yuan/ton 14,350 yuan/ton -350
Nylon 6.6 chips domestic  market

r-PET Packaging

 21,900 yuan/ton 21,800 yuan/ton -100
Nylon6 Filament POY 86D/24F domestic  market 16,850 yuan/ton 16,600 yuan/ton -250
Nylon6 Filament DTY 70D/24F domestic  market 19,150 yuan/ton 18,900 yuan/ton- -250
Nylon6 Filament FDY  70D/24F  17,900 yuan/ton 17,900 yuan/ton –
Spandex 20D  domestic  marke 33,500 yuan/ton 33,500 yuan/ton –
Spandex 30D  domestic  market 32,000 yuan/ton 32,000 yuan/ton –
Spandex 40D  domestic  market  29,000 yuan/ton 29,000 yuan/ton –
Adipic Acid domestic market

r-PET Packaging

 9,600 yuan/ton 9,600 yuan/ton –
Benzene domestic market 8,920 yuan/ton 8,760 yuan/ton -160
Benzene overseas  market 1,066 $/ton 1,062 $/ton -4
Ethylene South East market 1,010 $/ton 1,010 $/ton –
Ethylene NWE market CIF 827 $/ton 841 $/ton +14
Acrylonitrile ACN  domestic market 10,600 yuan/ton 10,600 yuan/ton –
Acrylonitrile ACN  overseas market 1,200 $/ton 1,200 $/ton –
Acrylic staple fiber ASF  domestic market

r-PET Packaging

 14,600 yuan/ton 14,600 yuan/ton –
Viscose Staple Fiber VSF  domestic market 13,000 yuan/ton 13,000 yuan/ton –
PP Powder domestic market 7,250 yuan/ton 7,230 yuan/ton -20
Naphtha overseas market  698 $/ton 710 $/ton +12
Phenol domestic market 7,800 yuan/ton 8,177 yuan/ton +377

r-PET high end eco-friendly chips =8,300 yuan/ton  — 8,300 yuan/ton   –

r-PET Packaging

Russian polymer and rubber producer Sibur supports the extended producer responsibility (EPR) mechanism, which aims to enhance circular economy efforts, according to Chinadaily

This initiative will structure waste management better and increase the use of recycled materials in Sibur’s manufacturing processes.

Sibur’s PolyLab Research and Development Center has been instrumental in creating sustainable polymers, integrating up to 90% recycled materials. r-PET Packaging

Already, the center has introduced over 10 products and is developing an additional 50.

In collaboration with China’s Sinopec, Sibur is also constructing the Amur Gas Chemical Complex, which will focus on polypropylene and polyethylene production. r-PET Packaging

Both China and Russia, as part of the Global Coalition for Plastics Sustainability, are proactive in addressing plastic waste via recycling and proper disposal methods.

They are sending delegates to the upcoming session of the Intergovernmental Negotiating Committee (INC) in Ottawa, which aims to formulate a globally binding treaty on plastic pollution.  r-PET Packaging

In Russia, a new law enacted in January enhances the EPR mechanism, mandating manufacturers to gradually increase their recycling rates, achieving 100% by 2027. Alternatively, companies may opt to pay an environmental levy. This legislation intends to decrease non-recyclable plastic usage, reduce landfill volumes, and fund new recycling facilities.

r-PET Packaging

Polymer prices: Upward trend continues due to higher feedstock costs

Over the past two months, thermoplastic prices in Western Europe have experienced a steady increase, largely influenced by rising feedstock costs.

Specifically, in March, the prices for L/LDPE (Linear Low-Density Polyethylene) saw an increase ranging from €70 to €80 per tonne. Concurrently, HDPE (High-Density Polyethylene) prices also went up by €50 to €60 per tonne.

These increments in thermoplastic prices have more than compensated for the €30 per tonne increase in the ethylene reference price.

Polymer prices: Upward trend continues due to higher feedstock costs

PET Bottles Recycling – China’s Ministry of Commerce declared the imposition of anti-dumping duties on Taiwanese polycarbonate imports, effective from April 20 for five years 29-04-2024

PET Bottles Recycling

r-PET Packaging – Polymer prices: Upward trend continues due to higher feedstock costs 

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PET Bottles Recycling

Crude Oil Prices Trend 

Crude Oil Prices Trend by Polyestertime

Crude Oil Prices Trend by Polyestertime

Axpo and electric utility Rhiienergie have inaugurated Switzerland’s largest green hydrogen production facility in Graubünden canton

Situated alongside the Reichenau hydropower plant in Domat/Ems, this 2.5-megawatt facility can generate up to 350 tonnes of green hydrogen annually. This venture marks a significant step in integrating hydrogen into the national energy landscape to enhance future supply security.

Constructed over approximately a year, this plant employs water electrolysis powered by adjacent hydroelectricity, thus producing hydrogen without CO2 emissions. The resulting hydrogen, which can offset up to 1.5 million liters of diesel each year, is compressed for easy transportation to refueling stations and industrial clients. PET Bottles Recycling

The project’s opening ceremony drew political and business leaders, including local council members, Graubünden Cantonal Councillor and Energy Minister Dr. Carmelia Maissen, and National Councillor Martin Candinas. Dr. Maissen praised the plant’s alignment with regional green hydrogen ambitions and broader climate objectives.

Both Axpo CEO Christoph Brand and Rhiienergie CEO Christian Capaul underscored the critical role of green hydrogen in sustainable energy transition. Capaul highlighted the facility’s status as a flagship project for the region. Brand acknowledged existing challenges but remained optimistic about the potential of this renewable energy resource, emphasizing its sustainability credentials. PET Bottles Recycling

PET Bottles Recycling

TOMRA has secured long-term agreements with OMV and Borealis to supply high-quality raw materials for their recycling operations, enhancing the circular economy for plastics

Under these agreements, TOMRA Feedstock will deliver consistent feedstock to OMV’s ReOil® plants in Austria and to Borealis’ mechanical recycling facilities across Europe. Volker Rehrmann, Executive Vice President and Head of TOMRA Recycling, highlighted the significance of this collaboration in leveraging technology to reclaim post-consumer plastics, preventing their incineration and promoting reuse.

The feedstock will originate from a new, pioneering sorting facility in Germany, set to open at the end of 2025 with an annual input capacity of 80,000 metric tonnes. This facility will specialize in transforming mixed post-consumer plastic waste into clean, specific polymer types for further processing.  PET Bottles Recycling

Daniela Vlad, OMV Executive Vice President Chemicals & Materials, emphasized that the agreement supports their ReOil® technology in producing sustainable materials, contributing significantly to a circular plastics economy. Meanwhile, Borealis will utilize the feedstock in its Borcycle™ M technology, creating high-performance polymers from polyolefin-based waste for diverse industries such as automotive and healthcare.

Craig Arnold, Borealis Executive Vice President, reaffirmed their commitment to increasing recycled content in products, enabling customers to enhance their use of recycled plastics. This partnership marks a substantial advancement in sustainable plastic production and recycling, signifying a major stride towards closing the loop in plastic utilization.

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PET Bottles Recycling

PET Bottles Recycling

China’s Ministry of Commerce declared the imposition of anti-dumping duties on Taiwanese polycarbonate imports, effective from April 20 for five years

The ministry’s final determination followed an investigation which confirmed that dumping by Taiwan was harming China’s polycarbonate industry. Taiwan’s exports of this material to China last year were valued at around US$830 million, constituting 78.5 percent of its total polycarbonate exports, as per Taiwan’s Customs Administration.

Polycarbonate, used in electronics, automotive, optics, packaging, medical devices, and safety equipment, was listed in the 2010 Economic Cooperation Framework Agreement between Taiwan and China. The decision to apply these duties is seen as part of China’s strategy amidst broader geopolitical tensions.  PET Bottles Recycling

The anti-dumping investigation began in November 2022, with preliminary results in August indicating significant harm to the Chinese industry. Initial duties were set at up to 22.4 percent. Specific duties announced include 9 percent for Taiwan Chemical Fiber Corp and Idemitsu Chemicals Taiwan Corp, 12.2 percent for Chimei Corp and Chi Lin Technology Co., Ltd, and 22.4 percent for other firms.

Yesterday, China's Ministry of Commerce declared the imposition of anti-dumping duties on Taiwanese polycarbonate imports, effective from April 20 for five years

Weichai, a Chinese manufacturer, has launched a diesel engine that boasts a groundbreaking energy efficiency, marking a world record

This engine achieves an intrinsic thermal efficiency of 53.09%, a significant leap from the usual 45-46%. Such efficiency has been validated by esteemed international testing organizations including TÜV SÜD and the China Automotive Research and Technology Center.  PET Bottles Recycling

The improvements in thermal efficiency could potentially lower diesel engine operational costs by 14% across China, equating to an annual fuel saving of approximately 31 million tonnes and a carbon emission reduction of around 97 million tonnes. Despite these advancements, the engine’s impact on the automotive sector might be limited. Various auto manufacturers have reduced or ceased the production of diesel vehicles in response to emission scandals and environmental concerns. Additionally, the shift towards electric vehicles is gaining momentum, driven by stricter governmental regulations on diesel emissions and the enhanced capabilities and cost-efficiency of electric technologies.

These developments indicate a decreasing demand for diesel options as the automotive industry moves towards more sustainable electric alternatives, which offer better performance, greater autonomy, and reduced operational costs. PET Bottles Recycling

Weichai, a Chinese manufacturer, has launched a diesel engine that boasts a groundbreaking energy efficiency, marking a world record

In early April, global prices for polyester staple fiber (PSF) experienced a significant increase, even though the costs of feedstock materials, which are essential for producing PSF, showed a decline

This price surge has been observed across major markets worldwide, challenging the usual expectations that fiber prices should align with raw material costs.

Various factors contribute to this anomaly. Firstly, disruptions in supply chains have played a crucial role. These disruptions are partly due to geopolitical tensions and logistical challenges, which have hindered the smooth flow of raw materials and finished products, leading to shortages in certain regions. Secondly, there has been a marked increase in demand for PSF, fueled by its growing use in diverse applications from clothing and upholstery to automotive interiors. This heightened demand tends to push prices up, independent of the raw material cost fluctuations. PET Bottles Recycling

Moreover, energy prices and currency exchange rates have also influenced PSF pricing. In some countries, the weakening of the local currency against the dollar has made imports more expensive, contributing to higher domestic prices for polyester fibers. Additionally, energy costs, which are critical for manufacturing, have been volatile and generally trending upwards, further complicating the cost structure for producers.

These factors combined have led to the current situation where PSF prices are rising despite a fall in feedstock costs, reflecting a complex interplay of global economic and market dynamics. PET Bottles Recycling

In early April, global prices for polyester staple fiber (PSF) experienced a significant increase, even though the costs of feedstock materials, which are essential for producing PSF, showed a decline

Alpla has recently completed a significant upgrade and expansion at its Vlotho-Exter plant in Germany, with an investment of approximately 30 million euros

This project introduced two new facilities: a warehouse and a production area, enhancing the plant’s capacity to manufacture preforms and PET bottles. These bottles are primarily used for packaging mineral water sourced locally.

The Vlotho-Exter site employs 185 workers and utilizes recycled PET from Alpla’s nearby Bad Salzuflen facility, underscoring the company’s commitment to sustainability. Additionally, the plant manufactures reusable containers for beverages and cosmetics, aligning with growing environmental consciousness in the industry.

During the opening ceremony, Alpla CEO Philipp Lehner emphasized the company’s dedication to sustainable practices.  PET Bottles Recycling

He stated, “Plastic packaging has a future, but it hinges on our serious commitment to addressing current issues. We are dedicated to setting higher standards in reducing, reusing, and recycling packaging materials.” This initiative reflects Alpla’s proactive approach to overcoming challenges in the packaging sector and its drive towards more sustainable production methodologies.