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Asia ethylene 2018 term offers start at $80/mt premium, up $30-$35/mt on year – Asian ethylene suppliers are pegging their initial offers for 2018 term contract negotiations at a premium of $80/mt based on CFR Northeast Asia-linked formula – Asia ethylene 2018 polyethylene

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Asia ethylene 2018 term offers start at $80/mt premium, up $30-$35/mt on year

Singapore (Platts)-

Asia ethylene 2018 polyethylene Asian ethylene suppliers are pegging their initial offers for 2018 term contract negotiations at a premium of $80/mt based on CFR Northeast Asia-linked formula, market sources said Wednesday.

Market sources said that the buyers were surprised about the outcome as the offer level was around $30-$35/mt higher than a major settlement value of a premium of $50-$55/mt for 2017. No counter bids were heard so far.

Market sources said that the higher premium for 2018 is due to limited supply in the region, especially from Japan, resulting from heavy steam cracker maintenance scheduled for next year.

According to data compiled by S&P Global Platts, six out of 12 naphtha-fed stream crackers in Japan will undergo maintenance. Approximately 3.46 million mt/year of ethylene capacity will be idle during the turnaround season, which is around 53% of the country’s total ethylene production capacity.

The spot supply from Southeast Asia is also expected to fall next year due to a start of a new ethylene derivatives plant. According to Platts report, Thailand’s PTT is ramping up its commercial operations at its new 400,000 mt/year metallocene C6 linear low density polyethylene plant at Map Ta Phut.

Additionally, deepsea supplies from Saudi Arabia will also likely go down as a new ethylene downstream plant will start soon in the region. In 2017, Saudi Arabia’s ethylene exports increased due to a delay in the start of a new local polyethylene plant.

According to the customs data, China’s ethylene imports from Saudi Arabia stood at 95,602 mt for January-October, almost seven times up compared to 13,505 mt recorded a year earlier.

“Ethylene availabilities for 2018 would definitely be reduced compared to 2017. This is why suppliers are asking higher premium for 2018,” a market source said.

Market sources expect the term negotiations to likely continue to early 2018.

–Fumiko Dobashi, fumiko.dobashi@spglobal.com
–Edited by Pankti Mehta, pankti.mehta@spglobal.com

Global Bio-Based Paraxylene Market 2017: GEVO, Renmatix, Origin, Toray – Global BioBased Paraxylene Market

Global Bio-Based Paraxylene Market 2017: GEVO, Renmatix, Origin, Toray

The Tri-County Press Breaking Business News Across the Globe

TECHNOLOGY

Global BioBased Paraxylene Market The global report entitled Bio-Based Paraxylene Market 2017 by QY Market Research that provides in-depth industry analysis and focuses on future prospects of Bio-Based Paraxylene Market during 2017-2022. This report enormously inspects all deciding aspects of the Bio-Based Paraxylene industry on the basis of current market conditions, Capacity, Trends, Demand, business plans embodied by Bio-Based Paraxylene market competitor and their growth structure.

This Bio-Based Paraxylene Market report divides into the;
1. Key manufacturers
2. Product Type
3. Application/ end users

The research largely targets on the present industry size of the Global Bio-Based Paraxylene market and its development ratio on the basis of last five years data with company profile of Leading Players and Makers. The major regions which contribute to the development of Bio-Based Paraxylene market largely cover such as Bio-Based Paraxylene market in North and South America, Europe, Africa, the Middle East, and the Asian countries.

• Leading Players and Manufacturers Analysis in Bio-Based Paraxylene Market:

Renmatix
Origin Materials
Avantium
Toray Industries
Virent
Anellotech
GEVO
BASF SE

Geographically Bio-Based Paraxylene report splits into majors countries like United States, Canada, UK, Italy, Germany, France, Russia, India, Japan, Korea, China & Taiwan.

In the initial segment, The Bio-Based Paraxylene examine report serve product picture, business profiling, requirements and contact information of key producers of Global Bio-Based Paraxylene market. This report likewise offers the past, present and futurist Bio-Based Paraxylene business techniques, organization Size, Share, Growth, and forecast details having a place with the anticipated circumstances. Besides, the possibilities and also the hazard to the growth of Bio-Based Paraxylene market widely shrouded in this report.

In next part, the Bio-Based Paraxylene industry creating investigation of the most imperative business players based totally on their organization profiles, yearly income, deals volume, income extent, Bio-Based Paraxylene showcase Price, net edge, demand and supply is furthermore considered at some stage in this document, which can encourage elective Bio-Based Paraxylene market players in driving business bits of knowledge.

Key Highlights of the Bio-Based Paraxylene Market:

• The essential evaluation having a place with Bio-Based Paraxylene industry like the esteem, kind of uses, product definition, demand and supply details are talked about in this study report.

• Top to bottom examination of the main Bio-Based Paraxylene market manufacturers can encourage the entire market to assess the modernize patterns and promoting thoughts.

• Competitive survey of Bio-Based Paraxylene market depend on expansion, advance limiting factors and capacity of investment can anticipate the market development.

• The analysis of rising Bio-Based Paraxylene market segments and also the prevailing market segments will guide the readers to plan the business ideas.

Finally, the global Bio-Based Paraxylene Market report 2017 depicts business advancement designs, the Bio-Based Paraxylene deals channel, wholesalers, buyers, sellers, research findings, reference section, information source and moreover the conclusion.

Related Topics

Bio-based paraxylene in bioplastics PET bottles to create new opportunities – Biobased paraxylene Bioplastics PET bottles

Turkey, Singapore free trade deal to slash polymer duties through 2018 – Turkey Singapore free trade deal polymer

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Turkey, Singapore free trade deal to slash polymer duties through 2018

Source:ICIS News

Turkey Singapore free trade deal polymer

LONDON (ICIS)–Turkey and Singapore have signed a free trade agreement (FTA) that will bring customs duty rates to zero for some goods and slash those for polymers, according to a source this week.

The agreement has already caused a drop in rates, from 6.5% to 5.6%, and the rate will continue to drop to zero throughout 2018.

The next step is scheduled to take place on 1 January, seeing rates drop to around 4.8%.

The Turkey-Singapore Free Trade Agreement (TRSFTA) entered into force on 1 October 2017. Under the terms of the agreement, Turkey and Singapore are treated as a single production area for purposes of accumulation.

This means that any good or material that originated from Turkey will be deemed to have originated from Singapore, and vice versa, provided the good or material satisfies the origin requirements.

Polymers like low density polyethylene (LDPE), high density polyethylene (HDPE) and homopolymer polypropylene (PP) are all included in the new duties regulatory regime.

The new duties may increase trade from Singapore into Turkey, although the country currently accounts for very small proportion of polymer imports.

However, as shown in the graph below, homopolymer imports have been rising significantly over the past three years.

2017 data is not complete but it is already three times greater than 2016 volumes.

Turkey Singapore free trade deal polymer
Source- Turkstat

*2017 Turkstat data subject to change

By Ben Lake
Related Topics

Scientists cooking up silver oxide nanoparticles in a microwave – Scientists from Indian Institute of Technology Madras, Chennai and Indian Institute of Science, Bengaluru have developed a novel complex made of silk fibroin (SF) with embedded silver oxide nanoparticles (Ag2O) for wound healing and anti-bacterial applications – Scientists cooking silver oxide nanoparticles microwave

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Scientists cooking up silver oxide nanoparticles in a microwave

 (Research Matters)

Scientists cooking silver oxide nanoparticles microwave

Scientists from Indian Institute of Technology Madras, Chennai and Indian Institute of Science, Bengaluru have developed a novel complex made of silk fibroin (SF) with embedded silver oxide nanoparticles (Ag2O) for wound healing and anti-bacterial applications.

Silk has been used by humans for around 8500 years now for different uses. Apart from making expensive clothes, it has also found use as an improvised material for many medical applications including wound healing and reconstructive surgery, mainly due to its organic make-up and physical properties, like tensile strength. With the advent of nanotechnology, this ancient material has undergone several additions to make it an ideal material for many medical and industrial applications. The new study explores one such addition to silk to make it an anti bacterial material capable of healing wounds.

To prepare the silver oxide nanoparticles embedded silk fibroin spun, the scientists used microwaves to help the nanocrystals grow on the silk fibroin, a protein found in silk. Once the presence of silver oxide nanocrystals was confirmed using UV-Vis spectrometric analysis, where the spectrum produced by the material is examined with UV and visible light. The scientists also used a Scanning electron microscope and Differential scanning calorimetry to confirm the structure of the silver oxide embedded silk fibroin. Next an X-ray diffraction revealed the crystalline nature of the both the materials; the silk fibroins and silver oxide nanocrystals.

Once the composition of the composite material was confirmed, it was inserted into phosphate buffered saline (PBS) to study its biodegradation properties, where it showed insignificant changes even after 14 days. The combination of Ag2O and SF also showed excellent anti-bacterial activities, promptly acting against pathogens, like M. tuberculosis, and non-pathogens, like E-Coli. In vitro studies of its wound healing properties also revealed quick reactions from the material enabling fast migration of T3T fibroblast cells. “Cytotoxicity assay confirmed the biocompatible nature of the Ag2O-SF spuns, thus suggesting an ideal material for wound healing and anti-bacterial applications.” Exclaim the researchers.

Formosa to expand US PVC capacity in Louisiana by ’20 – Formosa USA PVC capacity Louisiana

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Formosa to expand US PVC capacity in Louisiana by ’20

Source:ICIS News

HOUSTON (ICIS)–Formosa Plastics USA said on Monday that it would expand its polyvinyl chloride (PVC) production in the US by 2020, becoming the second producer to reveal expansion plans in recent weeks.

Formosa USA PVC capacity Louisiana The company said it would add 300m lb (136,000 tonnes)/year in production capacity at its complex in Baton Rouge, it said.

Formosa’s Baton Rouge Complex now has production capacity of 470,000 tonne/year for PVC, according to ICIS database information.

The company did not reveal cost and technical details.

Formosa, with global headquarters in Taiwan, said it has filed a permit application with the Louisina Department of Environmental Quality on Friday.

Its announcement follows by less than six weeks a proposal by Shintech. It may expand its own PVC production at its nearby complex in Plaquemine, Louisina, by 370,000 tonne/year, according to a public notice filed with the US Army Corps of Engineers. Shintech said it would also expand chlor-alkali production and add new capacity for ethylene dichloride (EDC) and vinyl chloride monomer (VCM) to accommodate its PVC expansion.

Shintech is also nearing completion of a 500,000 tonne/year ethane cracker to back-integrate to ethylene.

The expansion announcements seem to support the notion that US PVC producers have ambitions to use their low-cost feedstock position from natural gas  to become global suppliers.

US and Canada PVC producers in 2017 have exported about 25% of their production.

But exports have slowly declined as domestic demand picked up.

Major US PVC producers apart from Shintech and Formosa include Occidental Chemical and Westlake Chemical.

Image above: PVC is used to make pipes. Source: Stock Connection/REX/Shutterstock

By Bill Bowen
Related Topics

Textile and garment sector stands to benefit from EVFTA – Textile garment sector EVFTA

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Textile and garment sector stands to benefit from EVFTA

The EU-Vietnam Free Trade Agreement will offer direct opportunities to Vietnam to upgrade its textile and garment sector.

Textile garment sector EVFTA

EU-MUTRAP team leader Claudio Dordi said that thanks to the EU-Vietnam Free Trade Agreement (EVFTA) expected to be signed next year, there will be ample opportunities to upgrade the value chain  for the textile and garment sector as the EVFTA will provide tariff preferences to Vietnamese exporters to the EU.

Only “EVFTA originating” products will benefit from preferential tariffs for a maximum of seven years after entry into force.

To be “EVFTA originating,” EVFTA requires textile and garment producers to carry out two production stages in an EVFTA country: Vietnamese producers can upgrade their value chain, adding the “weaving or knitting” stage to the existing “cutting and sewing.”

At present, this operation is particularly challenging, as it requires financial resources and high-skilled workers to manage the high-technology machinery.

“However, for a maximum of seven years, the present 12 per cent duty on textile and garment imports from Vietnam will be removed and, taking into consideration the better legal environment for investment (indirect EVFTA opportunities), we may expect that the EU or other countries’ investors will provide the necessary technology (machinery) to support the upgrading of the garment value chain,” said Dordi, who is also professor of the International Trade Law of Italy’s Bocconi University.

“Investors from other countries may wish to relocate sufficient stages of textile and garment manufacturing to Vietnam to benefit from market access offered by the EVFTA,” Dordi said.

A number of domestic textile and garment firms like Thanh Cong Textile Garment Investment Trading Company and Phuong Anh JSC may benefit from the EVFTA as they have close production chains, from fibre, cloth, yarn, and buttons to finished products.

“We are expecting to benefit from the EVFTA. It is expected that our company’s garment exports to the EU markets will annually increase by 25-30 per cent, thanks to tariff slashes,” said Nguyen Duc Anh, head of Phuong Anh JSC’s Marketing Division producing garments and footwear products.

All materials are sourced from the company’s subsidiaries.

However, many textile and garment firms in Vietnam said they might not be able to enjoy the benefits of the EVFTA.

Nguyen Thanh Thuy, deputy general director of a Singaporean-Vietnamese garment and textile joint venture in Hanoi, told VIR that her company would not be able to benefit from tariff slashes under the EVFTA, though it is exporting products to several European nations.

“It is because the company imports almost all of its materials from Hong Kong, not from EVFTA members,” Thuy said.

Do Thi Nhung, representative from a Republic of Korea’s garment firm in the southern province of Binh Duong, also told VIR that her firm imports materials from China, Taiwan, and Hong Kong, and products are exported to the US.

This means that this firm will not be able to enjoy tariff incentives under the EVFTA, Nhung said.

According to Dordi, the textile and garment sectors actually show huge differences between each other. Textiles are more capital-intensive, relying on technology and requiring highly skilled workers. It adds higher-value than the garment sector, which is labour-intensive and mainly reliant on low skilled workers.

Vietnam, rich in labour and limited in available capital, is deeply engaged in the low-end of garment manufacturing activities (the “cut and sew” stage of production).

EU-MUTRAP is a project aiming to support the Ministry of Industry and Trade in facilitating sustainable international trade and investment through improving policy making capacity, policy consultation, and the negotiation and implementation of related commitments, particularly vis-à-vis the EU.

VIR

Sabic adds PP extrusion line to its Dutch arsenal – Chemical manufacturer Sabic has announced the start-up of its novel Polypropylene (PP) extrusion facility located in Geleen – Sabic PP Polypropylene extrusion

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Sabic adds PP extrusion line to its Dutch arsenal

Sabic PP Polypropylene extrusion

Chemical manufacturer Sabic has announced the start-up of its novel Polypropylene (PP) extrusion facility located in Geleen, The Netherlands, next to its existing polymerisation plant where it has a full-scale plant and Global Technology Centre for Europe.

The highly automated facility will reportedly deliver Sabic’s ‘Chemistry that Matters’ polymer solutions to assist in advancing its capabilities in polyolefin developments in regards to catalysts, material and application.

“Our new PP extrusion facility is an excellent example of how Sabic is delivering on its promise to provide customers with advanced material technologies they need to be successful,” said Sjoerd Zuidema, director of Polypropylene Business Europe at Sabic. “By providing high-quality, high-performance materials for ever evolving industry requirements, we are opening up new possibilities and helping our customers reduce energy consumption by lowering processing temperatures and shortening cycle times.”

The new extrusion line will adopt ‘state-of-the-art’ process technology to produce its PP products and next generation PP copolymers to support customers developing lightweight applications in industries such as packaging, appliances, automotive, healthcare and to help reduce energy consumption in their process manufacturing.

“At Sabic, we are relentlessly pursuing cutting-edge technologies, both in production and new material development. Our new investment will open up opportunities to create more efficient, higher performing products that can generate sustainable solutions for us and for our customers’ long-term success,” said Lada Kurelec, global business director polypropylene at Sabic.

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