Petrochemical ACN Resin Polyester 17-10-2019 - Arhive
Petrochemical ACN Resin Polyester
China – Polyethylene Terephthalate
PET and its chain continue to be very weak.
Crude oil price is steady.
Polyamide 6 and its chain are weak.
Acrylonitrile is steady.
PET Bottle grade export 800/845 $/ton – PET Bottle grade domestic market 6,600/6,750 yuan/ton – PET Filament grade SD domestic market 6,300/6,400 yuan/ton – PET Filament grade BR domestic market 6,400/6,500 yuan/ton
PTA Taiwan 635/645 $/ton – PTA domestic market 5,000/5,100 yuan/ton – MEG 545/555 $/ton – MEG domestic market 4,600/4,700 yuan/ton – PX Korea 765/775 $/ton
Polyester POY 150D/48F domestic market 7,100/7,200 yuan/ton – Polyester DTY 150D/48F domestic market 8,850/8,950 yuan/ton – Polyester Staple PSF domestic market 7,200/7,300 yuan/ton
Crude Oil Prices Trend
-Asia benzene remains under pressure as demand wanes
Asia’s benzene market remained under downward pressure this week, with sentiment still dampened by elevated trade tensions in the absence of a concrete outcome from the recently concluded US-China trade talks.
With the market entering the traditionally slower fourth quarter, buying interest among end-users has slowed down.
While a small-scale trade deal has been suggested and appeared close to completion, the market has been left hanging on details.
Spot benzene prices on a free-on-board (FOB) Korea basis dipped below $660/tonne this week, after hitting $751/tonne around mid-September, ICIS data showed.
-Prada in Slovenia with the fifth episode of What We Carry
The series of films produced by National Geographic on high quality recycling
PRADA RE NYLON UNVEILS the fifth episode of What We Carry, the series dedicated to the new initiative of the brand that has traveled the globe to discover the methods of tissue regeneration.
The plastic waste in the ocean, the fishing nets, the textile residues and the old carpets, are used to produce, from Aquafil, ECONYL®, the infinitely recyclable nylon thread, which Prada has chosen to create the Prada Re- collection Nylon as the basis of a new approach to sustainable development.
The target? Reconvert all Prada nylon in regenerated nylon by 2021, a commitment that aims to transform the production processes within the Group in a fundamental way. The brand has worked closely with National Geographic experts to tell the complex stories of the countries and communities involved in the Re-Nylon project and to highlight the impact of the initiative on the environment. The result is a series of episodes dedicated to exploring the sources of origin.
Complementing its “fit for reuse” solutions that Clariant (Muttenz, Switzerland) announced on Aug. 21, when it demonstrated how its additives are recyclable, Clariant now showcases the next level of the technology at K 2019 (stand J 11, hall 8A).
The company is shining the spotlight on how its additives can make it easier to recycle post-production and post-consumer plastic waste while retaining the material’s performance properties.
-Carlyle acquires 37% of Spain’s Cepsa, appoints CEO
US private equity fund The Carlyle Group has completed the acquisition of 37% of Cepsa, appointing Phillippe Boisseau as CEO of the Spanish energy and petrochemicals major.
The transaction was announced in April. Cepsa was previously 100%-owned by Abu Dhabi’s investment fund Mubadala.
While financial details were not disclosed, at the time of the announcement energy analysts had valued Cepsa at around $12bn.
Boisseau, whose appointment is effective immediately, succeeds Pedro Miro, who plans to retire.
-Windmöller & Hölscher presents new machine technologies and packaging solutions at K 2019
Windmöller & Hölscher, specialist for machinery in the flexible packaging market, will be presenting new developments in three areas at K 2019: Efficient production, sustainable packaging and PACKAGING 4.0. The highlight for trade fair visitors is the VAREX II blown film line in operation at the booth.
The daily machine show in Du¨sseldorf will feature live demonstrations of the new TURBOSTART assistance system, which enables time savings of up to 50% when stopping and starting the line. The CONVERTEX bottomer for PP woven bags can also be seen in operation at the trade fair booth. On four exhibition days, W&H will be offering a shuttle service to the headquarters in Lengerich, where another 13 lines including extrusion, printing and converting machinery will be presented.
-Novamont and Saes Group Announce a Technological Partnership for Highly Innovative Solutions
Two prominent Italian research and technology companies, both with extensive patent portfolios and recognised as leaders in biochemicals and functional materials, have joined forces to develop solutions to meet the growing demand for materials with lower environmental impact and very high functional performance.
-PURE LOOP presents a new shredder-extruder combination for high throughputs
The shredder-extruder recycling technology provider PURE LOOP has added new system types to its ISEC evo series and now offers higher output alternatives in the medium to high throughput range. At K 2019 a smaller version of the innovative material all-rounder will be demonstrated live in action every day at the PURE LOOP stand in hall9, stand B17.
Up to 1,500 kilograms of the highest quality recycled pellets per hour. The ISEC evo 702 shredder-extruder combination is described as opening up a new dimension in the efficient processing of production waste.
-Covestro pushing boundaries with future mobility concept, sustainability goals
From auto interiors to recycled-content polycarbonates, blockchain technology for plastics and connected homes, Covestro AG is offering the full package for a variety of industries at K 2019.
Depicting on this year’s motto #pushingboundaries, the company’s key exhibit is centered around future mobility, delivering a car that fits seamlessly with a futuristic connected, automated and digitalized lifestyle.
SABIC is showcasing its pioneering range of sustainable solutions, designed to address some of the planet’s urgent sustainability and societal challenges at K 2019.
Under the theme of ‘Making a World of Difference Together’, SABIC is presenting, in partnership with its customers, six dynamic installations which bring to life how its solutions can deliver a more sustainable future and circular economy.
-Eurozone, German economic sentiment continues to slip, chems post modest growth
Economic sentiment in Germany and the eurozone slipped in October, according to economic research group Zew on Tuesday.
Zew said its indicator of economic sentiment for Germany fell 0.3 points compared with the previous month, to give a reading of minus 22.8 points, which is well below the long-term average of 21.4 points.
Although this was only a slight decrease on the September figure, the October assessment of current economic conditions fell to minus 25.3 points, a drop of 5.4 points from the previous month.
Petrochemical ACN Resin Polyester