Chemicals Biotechnology PolyesterDTY 05-03-2021

Chemicals Biotechnology PolyesterDTY

Crude Oil Prices Trend

Crude Oil Prices Trend  Polyestertime

-Nylon 6 filament yarn: searching a direction in anxiety

Since the first working day after the Chinese New Year holiday (CNY holiday), caprolactam spot had jumped up by around 2,400yuan/mt and nylon 6 high-speed spinning chip spot rose by 2,000yuan/mt in the first 10 trading days after holiday, boosted by the sharp rise in crude oil and bulk commodities, the opening of the year’s rising market started ahead of schedule.

The excessive increase in nylon raw materials has quickly flooded the industrial, and nylon textile filament plants hurried to raise up their offers. By the end of Feb, offers for nylon 6 filament had risen by around 2,000yuan/mt, and offers had jumped by 2,500-3,000yuan/mt. As the March outlook is still bullish, NFY plants have stick their offering rates closely to Sinopec or Shenyuan’s contract nomination for CPL.

Chemicals Biotechnology PolyesterDTY

-bp and SABIC embark on new cooperation for products from advanced plastics recycling

bp and SABIC have signed a new cooperation to drive a circular economy at the Gelsenkirchen, Germany production site

The new collaboration will help to increase production of certified circular products that use used mixed plastics as feedstock, thus reducing the amount of fossil resources needed in the petrochemical process.

bp and SABIC have just signed a new agreement to work together to drive circular economy in the petrochemical activities at the Gelsenkirchen (Germany) chemical complex. Building on a long established relationship between the two companies at the production site, the new collaboration will help to increase production of certified circular products that take used mixed plastics to make feedstock, thereby reducing the amount of fossil resources needed in the petrochemical plants at the site.

bp and SABIC embark on new cooperation for products from advanced plastics recycling

-Trinseo raises March PC prices in Europe

rinseo, a global materials company and manufacturer of plastics, latex binders and synthetic rubber, and its affiliate companies in Europe have announced a price increase for all polycarbonate (PC) grades in Europe, as per the company’s press release.

Effective March 1, 2020, or as existing contract terms allow, the contract and spot PC prices for the products listed below increased as follows:

– CALIBRE PC resins – by EUR600 per metric ton.

As MRC informed earlier, Trinseo last raised its prices for all PC grades in Europe on 1 February 2021 by EUR200 per metric ton.

Trinseo raises March PC prices in Europe

-Placon obtains SCS Global certification for 75% rPET content

As a sustainable packaging leader, Placon has been using post-consumer recycled PET in their PET packaging for more than thirty (30) years. To ensure sustainable packaging quality and transparency, Placon was recently certified by SCS Global Services for their RPET-F75 PET material, Fresh n’ Clear® Bowls & Trays, GoCubes®, CrystalSeal® reFresh® product lines as recycled content certified. Each of these materials or products have been certified by SCS Global Services as using 75% post-consumer recycled PET content.

SCS Global Services (SCS) has been providing global leadership in third-party quality, environmental and sustainability verification, certification, auditing, testing, and standards development for three decades. Its programs span a cross-section of industries, recognizing achievements in green building, product manufacturing, food and agriculture, forestry, power generation retail, and more.

Placon obtains SCS Global certification for 75% rPET content

-Oben Group expands to Europe with Poligal purchase

Spain’s Grup Peralada has sold its Poligal Group subsidiaries to the Peruvian Oben Group, citing the global consolidation of the packaging film sector as the driver behind the sale.

The operation includes the biaxially oriented polypropylene (BOPP) and cast polypropylene (CPP) production plants in Portugal and Poland, as well as the sales offices in Germany. With the acquisition of the Poligal Group, the Oben Group expands to Europe, consolidating its global position in the plastics film industry.

Javier Carrasco, chief executive of Grup Peralada, added that the high investment needs of the packaging film sector led the company to reflect on its strategy, and conclude that the sale of Poligal was the best way to preserve its value.

Chemicals Biotechnology PolyesterDTY

-XENIA® MATERIALS AND JIEJIAYOU (SHENZHEN) MATERIAL TECHNOLOGY CO., LTD TOGETHER FOR THE DISTRIBUTION IN CHINA OF THE PRODUCTS OF THE ITALIAN COMPANY

Xenia® Materials, Italian company specialized in the development and engineering of high-performance thermoplastic composites reinforced fibres and additives, announces a new partnership agreement with Jiejiayou (Shenzhen) Material Technology Co., Ltd.

Thanks to this dedicated partnership, Jiejiayou (Shenzhen) Material Technology Co., Ltd will distribute Xenia® Materials thermoplastic composites families, XECARB®, XEBRID™ and XEGLASS™, within the whole Chinese territory.

Chemicals Biotechnology PolyesterDTY

-How long will polyester yarn soar underpinned by the costs?

Polyester yarn moved up firmly boosted by the quick rise of raw materials after Spring Festival. It increased nearly 2,000yuan/mt in just a week, hitting new high since Aug 2019. What’s the logic behind the increase and how long will the increase sustain?

In fact, not only polyester yarn and its upstream market, but also most chemical products moved all the way up, mainly driven by the rise of crude oil and the improvement of the pandemic. For current polyester yarn, the increase stemmed from higher cost brought by crude oil.

Since this year, Brent and WTI crude oil futures soared by 27.2% and 30.4% respectively, pushing up downstream products. Especially after Spring Festival holiday (Feb 11-17), PTA and MEG futures hit limit up several times.

Chemicals Biotechnology PolyesterDTY

-A Review: Research Progress in Modification of Poly (Lactic Acid) by Lignin and Cellulose

With the depletion of petroleum energy, the possibility of prices of petroleum-based materials increasing, and increased environmental awareness, biodegradable materials as a kind of green alternative have attracted more and more research attention.

In this context, poly (lactic acid) has shown a unique combination of properties such as nontoxicity, biodegradability, biocompatibility, and good workability.

However, examples of its known drawbacks include poor tensile strength, low elongation at break, poor thermal properties, and low crystallization rate.

Lignocellulosic materials such as lignin and cellulose have excellent biodegradability and mechanical properties.

Compounding such biomass components with poly (lactic acid) is expected to prepare green composite materials with improved properties of poly (lactic acid).

This paper is aimed at summarizing the research progress of modification of poly (lactic acid) with lignin and cellulose made in in recent years,with emphasis on effects of lignin and cellulose on mechanical properties, thermal stability and crystallinity on poly (lactic acid) composite materials.

Development of poly (lactic acid) composite materials in this respect is forecasted.

Chemicals Biotechnology PolyesterDTY

-Supply Shortages and Soaring Prices Put Processors on Edge

Prices continued to climb, sometimes twice per day, and by the end of the week, average spot polyethylene prices had tacked on $0.10/lb, while polypropylene shot up another $0.12/lb.

The resin market’s wild ride got even hairier last week. Supply shortages intensified, prices rose, and processors flocked to the spot market, scooping up every reasonable offer. After those were gone, they proceeded to grab the unreasonably priced offers, too. Not surprisingly, market prices continued to climb, sometimes twice per day, and by the close of business on Feb. 26, average spot polyethylene (PE) prices had tacked on $0.10/lb, while polypropylene (PP) shot up another $0.12/lb, reports the PlasticsExchange in its Market Update. Though some processors fell off, not willing to chase material in this seemingly ever-rising market, a steady stream of demand persisted along with sometimes strong surges. Some buyers became more liberal with requirements, as crises demand creativity — many have expanded their typical technical specifications and packaging requirements to accommodate available material until better market conditions eventually return.

Supply Shortages and Soaring Prices Put Processors on Edge

-Systemic weakness: the thing about plastic

Science, environmental advocates and industry all agree on one thing: plastic needs a circular economy so that less plastic waste ends up in the eco-systems. The actual measures to be taken are in dispute.

At a time not exactly lacking in global challenges, the plastic crisis had temporarily receded into the background. On the one hand, there is the overriding problem of excessive global warming from the unbridled release of CO2; on the other, the COVID-19 pandemic has had far-reaching effects on people’s lives. This has made it easy to forget that there is another environmental problem badgering the planet and its inhabitants. Just back in August 2020, the National Oceanography Centre in the UK pointed out the extent of microplastic pollution in the oceans in the most comprehensive study on this subject to date. According to this study, there are 12 to 21 million tonnes of waste floating in the upper water layers of the oceans, with a single cubic metre of ocean water containing up to 7,000 microplastic particles.

Chemicals Biotechnology PolyesterDTY

Chemicals Biotechnology PolyesterDTY

Chemicals Biotechnology PolyesterPSF 04-03-2021