ClosedLoop Paraxylene CrudeOil 18-06-2021

ClosedLoop Paraxylene CrudeOil

Crude Oil Prices Trend

Crude Oil Prices Trend  Polyestertime

-Producers Eye June Price Increases

Though resin production has returned, and upstream resin inventories appear to be growing, pricing power remains firmly in the hands of producers.

Though resin production has returned, and upstream resin inventories appear to be growing, pricing power remains firmly in the hands of producers.

ood downstream and consumer demand are supporting elevated price levels, a now-familiar refrain.

Most producers are still under force majeure conditions or have contract allocations in place, so upward pricing pressure continues.

Producers are intent on implementing their June price increases and keeping the extraordinary rally intact.

Even though most domestic PE and PP grades are difficult to source, the PlasticsExchange feels that exports need to ramp up or else upstream resin supplies could begin to back up instead.

Producers Eye June Price Increases

-How will the new plants impact PX and PTA

There’s been a lot of talk about new PX and PTA plants in China. It is anticipated that Zhejiang Petrochemical Phase II’s first 2.5 million mt/yr PX line and Yisheng New material’s 3.5 million mt/yr PTA unit are about to start soon.

Though there’s no official confirmation, the market is reacting with PX paper goods softening and PTA spot to futures spread weakening slightly on Jun 15.

Some PX market participants said that as there will be a fresh 3.5 million mt/yr PTA plant, the increase in PX production due to Zhejiang Petrochemical’s new plant could be largely digested.  ClosedLoop Paraxylene CrudeOil

The new PTA plant would require 2.3 million tons of feedstock PX when running full swing (to produce 1 ton of PTA requires 0.66 tons of PX), hence, with both plants put into operation, the increase in PX production caused by the new plants are expected at 200kt a year, equivalent to 10~20kt a month.

The impact on PX market would be limited, and with the plant starting as expected, the impact was cushioned. In addition, crude oil price remains firm, lending support to PX market.

ClosedLoop Paraxylene CrudeOil

-Fraunhofer, SABIC and P&G trialling chemical recycling of single-use face masks

The Fraunhofer Institute, SABIC and Procter & Gamble (P&G) have worked together to trial the chemical recycling of single-use face masks.

With huge volumes of single-use face masks created during the Covid pandemic, landfill or incineration has been the only treatment solution so far.

P&G director R&D Open Innovation Peter Dziezok said: “Recognising the challenge, we set out to explore how used face masks could potentially be returned to the value chain of new face mask production.  ClosedLoop Paraxylene CrudeOil

“But creating a true circular solution from both a sustainable and economically feasible perspective takes partners. Therefore, we teamed up with Fraunhofer Cluster of Excellence for the Circular Economy and Fraunhofer UMSICHT’s scientists and SABIC’s technology and innovation specialists to investigate potential solutions.

Fraunhofer, SABIC and P&G trialling chemical recycling of single-use face masks

-New material inspired by spider silk could help solve our plastic problem

Packaging was responsible for 46% of plastic waste generated globally in 2018.

The demand for food will double by 2050, increasing the amount of waste from food and its plastic packaging.  ClosedLoop Paraxylene CrudeOil

There’s a need for more sustainable materials that we can recycle or that biodegrade.

Researchers from the University of Cambridge have found a way to make plastic from abundant and sustainable plant proteins, that looks like spider silk.

Plastics are very useful materials. They’ve contributed significant benefits to modern society. But the unprecedented amount of plastics produced over the past few decades has caused serious environmental pollution.

Packaging alone was responsible for 46% out of 340 million tonnes of plastic waste generated globally in 2018. Although plastic recycling has increased significantly in recent years, most plastics used today are single use, non-recyclable and non-biodegradable.

ClosedLoop Paraxylene CrudeOil

-Spandex market outperforms compared with nylon and polyester

Price of chemical fibers bottomed out since 2020. The lowest price of polyester, spandex and nylon appeared in the second half of 2020 but overall price gradually increased when U.S. implemented eased monetary policy, demand recovered, commodity market like crude oil soared and some orders for textiles and apparels were transferred to Chinese mainland where better control of pandemic was seen. Price of spandex increased the biggest in this round of rise. Price of spandex 40D hiked by 143% to 67,500yuan/mt from the bottom level 27,800yuan/mt in 2020. High price of polyester 150/48F in 2021 surged by 72% compared with the bottom level in 2020, and the change of nylon 6 POY 93DTEX was at 53%. Spandex market outperformed.  ClosedLoop Paraxylene CrudeOil

How about the capacity growth rate and operation status of spandex, polyester and nylon market?

Capacity: low growth rate

Capacity expansion of spandex market slowed down in recent 2 years, with net increase at 22kt/year in 2020 and estimated at 60kt/year in 2021. Capacity of spandex is expected to approach 932kt in Chinese mainland in 2021, up by 6.9% y-o-y. Comprehensive capacity growth of spandex is estimated at 4.8% in 2020-2021.

-Call for greater EU-US cooperation

Authorities should use their full influence to establish a level playing field for the industry across the globe, EURATEX says.

On the occasion of the EU-US Summit in Brussels on June 15th, Euratex, representing the European textiles and clothing industries, issued a statement welcoming the event and expressing hopes that political leaders will launch a new era of closer cooperation across the Atlantic.

Both the Covid19 pandemic and recent geopolitical tensions call for global solutions, Euratex states, and the EU and the US should take a leadership role in developing that new global framework.  ClosedLoop Paraxylene CrudeOil

EU-US trade in textiles and apparel dropped by nearly 20% in 2020 to just under €6 billion, while imports from other countries, in particular China, have increased spectacularly – by 45% into the EU.

At the same time, global supply chains came under pressure,and access to certain raw materials for the industry became difficult and costly.

ClosedLoop Paraxylene CrudeOil

-Group Invests In Innovative Staple Fiber Technology From Oerlikon Neumag

In the context of the ITMA ASIA + CITME currently taking place in Shanghai, Oerlikon has now announced that it has concluded the largest staple fiber plant order in the history of Oerlikon Neumag with the major Chinese group Xinfengming in the run-up to the trade fair.  ClosedLoop Paraxylene CrudeOil

This involves eight complete staple fiber lines with a total of 320 spinning positions for the production of synthetic staple fibers.

Oerlikon will not only supply the technology, but will also take over the engineering of the lines. Delivery is scheduled for 2022.

With a total capacity of 1,800 t/d, the project is Oerlikon Neumag’s largest staple fiber plant order to date.

Group Invests In Innovative Staple Fiber Technology From Oerlikon Neumag

-Sidel commits to emissions reduction targets

Adhering to the Paris Agreement, Sidel has set out and committed to emissions reduction targets grounded in climate science through the Science Based Targets initiative (SBTi).

Targets are 30 per cent carbon dioxide reduction across the company’s sites and facilities, and a 25 per cent carbon dioxide reduction in sourcing and usage of Sidel’s equipment by 2030.  ClosedLoop Paraxylene CrudeOil

“Sustainability is at the heart of everything we do, and we want to ignite conscious changes in both our industry and the wider market,” said Monica Gimre, chief executive of Sidel. “Our commitments apply across all Sidel sites where we operate globally, and also across what we deliver to our customers and what we purchase from our suppliers.

Sidel commits to emissions reduction targets

 

-Li-ion: An Invaluable Asset With Little Regulation

Li-ion batteries are most dangerous when their life cycle is over, according to an International Solid Waste Association report.

If the batteries are destroyed in the process of collection, disposal or recycling or are unfavourably deformed in such a way that the positive and negative poles touch each other, a thermal runaway reaction can occur, resulting in an uncontrolled exchange of ions and the release of pure oxygen.  ClosedLoop Paraxylene CrudeOil

This self-reinforcing process leads to a fire or explosion that is very difficult to control by conventional means such as water. The best solution is to cut the air supply and allow the fire to burn in a more or less controlled manner.

Today, the danger posed by Li-ion batteries is becoming ever greater, the report says. Until a few years ago, Li-ion batteries were rare in waste management facilities or landfills. But now, more and more of them are reaching the end of their life cycle and need to be disposed of.

Li-ion: An Invaluable Asset With Little Regulation

-BPF Document Highlights Vital Role of Plastic in a Sustainable Future

The British Plastics Federation (BPF) has published a comprehensive new document, Plastics Explained: Exploring the Key Topics, which examines why plastic needs to be thought of more like a valuable resource and how it has a vital role to play as society works towards lowering carbon emissions. It is designed to be a useful reference tool for those working both inside and outside the plastics industry.

Plastics Explained includes facts and figures about the UK plastics industry, details the key role of the industry in a sustainable future and highlights the necessary steps that need to be taken to improve recycling in the UK. The document also takes a thorough look at the complexities surrounding many key plastic-related topics including deposit return schemes, consistent kerbside collections, extended producer responsibility, marine litter and chemical recycling.  ClosedLoop Paraxylene CrudeOil

The document suggests:

The UK’s target of net zero emissions by 2050 will not be possible without plastic, as the material is not only essential for things like insulation, lightweight vehicles and wind turbines but also because alternative materials are often heavier and require more resources to produce, which can lead to increased emissions.

All plastic packaging needs to be collected for recycling to develop a circular economy and simplify the current system.

Money raised by the plastic packaging tax should be reinvested to address the lack of suitable collection, sorting and recycling infrastructure for plastic in the UK.

ClosedLoop Paraxylene CrudeOil

ClosedLoop Paraxylene CrudeOil

ClosedLoop Recycling CrudeOil 17-06-2021