Packaging Petrochemicals Injection Machine 21-06-2019
Packaging Petrochemicals Injection Machine
Crude Oil Prices Trend
Turkish polymer manufacturer Petkim, the controlling shareholder of which is Azerbaijani SOCAR, lowered the prices of polypropylene (PP) and high-pressure polyethylene (LDPE) on the Turkish market on June 17, sources in the ICIS reported.
So, according to them, June PP prices were reduced by USD30 per ton, and LDPE prices – by USD20 per ton.
Petkim quotes prices on a gross basis, and they have significant discounts.
Fiercer competition among polypropylene (PP) suppliers in southeast Asia could tip the market into a long position in the second half of the year, as new capacities in the region begin to come on stream.
The year kicked off to a slow start, with market sentiment dampened by weak macroeconomic fundamentals.
Poor manufacturing market indicators in southeast Asia, the depreciation of regional currencies and volatile upstream crude oil values all contributed to lacklustre demand.
Denim producer Candiani has won the ITMA Sustainable Innovation Award for Candiani Re-Gen, a ‘circular denim’ fabric from regenerated and recycled raw materials. 50 per cent of the fabric comprises TencelxRefibra Lyocell made of pulp from cotton scraps and wood pulp using Lenzing’s closed-loop process, remaining is post-industrial recycled Candiani fibres.
Candiani’s fabrics are also dyed using green technologies, resulting in substantial reduction in the use of water and chemicals in the fabric production and jean washing process.
A supply overhang amid feeble downstream petrochemical demand has hit Asia’s naphtha market. ICIS News reports that demand could bounce back on cracker expansion and restarts in Tokyo, Japan.
Battered by steep losses in global crude oil benchmarks, spot naphtha prices have declined substantially in H1 of the year to under US$500/ton levels. Traders estimate deep-sea cargo arrivals of 1.5-1.6 mln tons in May, up from the average monthly volumes of around 1.2 mln tons in 2018. Consistent volumes of western arbitrage flows to Asia have added to the woes of the Asian naphtha market.Packaging Petrochemicals Injection Machine
Plastipak Italia Preforme has entered into an exclusive partnership with Garbo to develop industrial scale polyethylene terephthalate (PET) chemical recycling.
Italy-based Garbo is involved in the purification of high value added materials, including bis-hydroxy-ethylene-terephthalate (BHET) from PET chemical recycling. It also developed ChemPET, a chemical recycling process, in collaboration with the University of Modena and Bologna.
Researchers at Deakin University’s Institute for Frontier Materials have worked with Ford to create a new wool-based insulation, which they say has environmental and other benefits over synthetic materials currently in use.
Led by Dr Maryam Naebe, IFM academics worked with Ford Motor Company researchers to engineer the new textiles, “using blended waste and virgin wool insulated fibres covered with a thin nonwoven fabric via needle-punching.”
Naebe said that car companies were moving towards lighter, natural fibre materials and away from polyester, polyethylene and polystyrene interiors.
The European contract reference price for orthoxylene (OX) has settled at a decrease for June amid balanced supply and supported by import material; negotiations for paraxylene (PX) are ongoing.
– Europe PX June contract price yet to be settled
– Downstream demand, Asia dynamics key to PX pricing
– OX supply balanced, but insecure
Talks for PX are likely to be driven by good availability of material, continued weak demand for derivative polyethylene terephthalate (PET) and recent movements in the crude oil and Asian PX markets. Packaging Petrochemicals Injection Machine
Mimaki Engineering, a leading manufacturer of inkjet printers and cutting systems, has announced the first global technology demonstration of a brand-new hybrid digital textile printer from the TX300P series at ITMA 2019.
The company is demonstrating the new printer in hall 3 booth B110 during the seven-day textile machinery fair in Barcelona, Spain.
Leading computerised knitting machine manufacturer Shima Seiki, of Wakayama, is participating in the international textile machinery exhibition ITMA 2019 that opened its doors today in Barcelona. The 566 square metre booth located at Hall 8.0, Stand B106 features a comprehensive line-up of its products, including new Wholegarment knitting machines, computerised flat knitting machines, and computer graphic design systems, as well as various digital solutions making their debut at ITMA.
Washington — President Donald Trump’s latest round of proposed tariffs on $300 billion worth of Chinese imports, coupled with the earlier rounds totaling $250 billion, risk doing serious harm to chemical and plastics materials makers, the industry’s leading trade group told a Washington hearing June 19. Packaging Petrochemicals Injection Machine
ITMA 2019, the world’s leading fair dedicated to textile machinery, is once again marked by a significant presence of German companies. More than 220 exhibitors from Germany including more than 110 VDMA member companies cover nearly all different machinery chapters with a focus on spinning, nonwoven, weaving, knitting, warp knitting and finishing. The overall exhibition space occupied by German machinery manufacturers is more than 21 thousand square meters, an increase of booth space by approximately 3.5 % compared to ITMA 2015.