Petrochemical Oil Sanctions Graphene 23-12-2019 - Arhive
Petrochemical Oil Sanctions Graphene
Petrochemical Polymers Fibres PET Prices
Crude Oil Prices Trend Polyestertime
-Investors back oil’s jump above $60 with surge in bullish bets
Net-bullish wagers on West Texas Intermediate crude rose 19% in week ended December 17
Calgary: Hedge funds boosted bets on rising US crude prices to the highest level in more than seven months, helping support oil’s first full week above $60 a barrel since May.
Their net-bullish wagers on West Texas Intermediate crude climbed 19 per cent in the week ended December 17, data released on Friday show. Optimism over a US-China trade truce and Opec cuts helped push futures to a three-month high, though the rally has fizzled somewhat.
-2019: A challenging year for the polyester chain
The polyester chain has had a challenging year in 2019.
It had to come to terms with overcapacity of varying degrees throughout the chain. Additionally, prices spiralled due to weakening upstream costs, while margins – or lack of – became squeezed. Petrochemical Oil Sanctions Graphene
The global economic landscape further tested the limits of market players already facing a difficult year. Nevertheless, what was remarkable was the resilience of the chain – particularly the polyester sector.
-PolyOne to buy Clariant Masterbatches in $1.45B deal
PolyOne Corp. has struck a deal with Clariant AG to buy its masterbatches business for $1.45 billion.
The agreement, announced Dec. 19, follows months of speculation and failed discussions between Clariant and Sabic. Petrochemical Oil Sanctions Graphene
Set for completion in the third quarter of 2020, the transaction values the Clariant business at $1.56 billion, representing roughly 11.1 times the annual earnings before interest, taxes, depreciation and amortization (EBITDA).
-Novares expands into Russia with new manufacturing plant
French automotive supplier Novares has opened its first production site in Togliatti, Russia, a city that is also home to Lada manufacturer AvtoVAZ.
Spanning 1,860 square meters, the site is located in the industrial park of AvtoVAZ, which is part of the Renault-Nissan Alliance. Petrochemical Oil Sanctions Graphene
The factory will begin producing engine parts in May 2020, and with an expansion planned for later that year, the parts manufacturer expects to start making and assembling roof bars in 2021.
-MICROPLASTIC POLLUTION FAR WORSE THAN INITIAL ESTIMATES
Microplastic pollution far worse than initial estimates
There could be a million times more microplastic pieces floating around the oceans than previously thought, according to new research published in the science journal Limnology and Oceanography Letters.
The findings will raise further concerns about the impact of microplastic pollution not only on the environment but on human health. Petrochemical Oil Sanctions Graphene
Microplastic pollution tends to be measured by trawling or pulling a submerged fine net behind a ship with mesh that’s small enough to filter plankton from seawater.
-Hengli to start installation of ethylene and PTA projects
Petrochemical’s 1.5 million tons/year ethylene project and 5 million tons/year PTA project installation mobilization conference was held in Hengli Petrochemical (Dalian Changxing Island) Industrial Park to ensure ethylene glycol, polyolefin and styrene units start operation in September 2019; ethylene unit and No.4 PTA unit put into operation on October 20th; No.5 PTA line into production in early March, 2020.
-Trade war takes toll, but Xinjiang exporters seek to diversify markets
Textile companies in Aksu, the nation‘s largest top cotton production base in Northwest China‘s Xinjiang Uyghur Autonomous Region, are seeing their exports to the US fall to almost nothing this year amid a bickering trade war between the world‘s two largest economies.Petrochemical Oil Sanctions Graphene
While some have dubbed this year as the hardest for foreign trade, those textile companies have been actively moving into domestic markets, markets along the routes of the Initiative (BRI) and European countries to fill gaps left by US clients.
-Polyethylene December 2019 Price Review
In parallel with ethylene, Western European prices for all the polyethylene grades covered by PIE were down last month – by an average of €30 ($33) a tonne. A number of lower spot offers on the market had only a minor influence on the contract prices because many buyers want to take advantage of end-of-year bonuses. An increased number of spot offers – especially for higher-grade metallocene types from the US – put significant pressure on LLD film prices.Petrochemical Oil Sanctions Graphene
Although business trended toward normalisation, sales of most PE materials were lingering at the bottom end of producers’ expectations. There was weak demand due to uncertainty after the spate of criticisms of plastics and many new legal regulations.
-U.S. CHEMICAL PRODUCTION FELL IN NOVEMBER, ACC SAYS
According to the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), the U.S. Chemical Production Regional Index (U.S. CPRI) fell by 0.8 percent in November after gains the previous three months. During November, chemical output declined across all regions, ACC says.
Chemical production was mixed over the three-month period. There were gains in the production three-month moving average (3MMA) output trend of fertilizers, chlor-alkali, coatings, synthetic dyes and pigments, and industrial gases. These gains were offset by declines in the output of synthetic rubber, miscellaneous inorganic chemicals, pesticides, organic chemicals, consumer products, adhesives, other specialty chemicals, and manufactured fibers.Petrochemical Oil Sanctions Graphene
-BP, Danone, Unilever, Alpla and more unite on rPET initiative
A group comprising leading companies operating across the polyester packaging value chain – including businesses involved in the manufacture, use, collection and recycling of polyethylene terephthalate (PET) plastic packaging – is aiming to help to address the problem of plastic waste by accelerating the commercialisation of BP Infinia enhanced recycling technology.
BP Infinia is designed to turn opaque and difficult-to-recycle PET plastic waste, that can degrade in quality each time it is recycled using conventional methods, into recycled feedstocks that can be used to make new high-quality PET plastic packaging again and again, with no loss in quality.Petrochemical Oil Sanctions Graphene
Petrochemical Oil Sanctions Graphene
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