Petrochemical PET Preforms PTA News 16-11-2019
Petrochemical PET Preforms PTA
Polyester demand in Asia is expected to continue slowing down as most downstream converters have wrapped up year-end orders and have low incentive to restock cargoes at this time.
The US-China trade war and global economic slowdown will also dampen buying to an extent, market sources said.
Spot partially oriented yarn (POY) 150 denier (D) prices in the week ended 12 November were assessed at $0.90-0.92/kg FOB (free on board) NE (northeast) Asia, down by $0.01/kg at the high end of the previous week’s price range.
India’s polyethylene (PE) demand is expected to remain at around 8pc until 2021, before being spurred on by economic and infrastructural growth, according to state-controlled gas distributor and petrochemical producer Gail.Petrochemical PET Preforms PTA
AMA recently published a detailed study of over 180+ pages in its repository on ‘Nylon Yarn’ market covering interesting aspects of market with supporting development scenario till 2025. Petrochemical PET Preforms PTA
The study provides market size break-up by revenue and volume* for emerging countries and important business segments along with commentary on trending factors, growth drivers.
Profiled players in study from the coverage used under bottom-up approach are Kolon Industries, Inc. (South Korea),JCT Limited (India),Zimmer AG (United States),SRF (India),Suntex Fiber Co. (Taiwan),Acelon Chemicals & Fiber Corp (Taiwan),Century Enka (India),Toray Industries (Japan),W. Barnet GmbH & Co. (Germany),SHM Trader (United States)
-Aquafil, the accounts for the first nine months of 2019 ( Italian Language Only)
Aquafil – a company listed in the STAR segment and active in the production of nylon – announced the results for the first nine months of 2019, a period closed with revenues of 419.54 million euros, down 2.6% compared to 430.93 million obtained in the three quarters of last year; with the same perimeter, therefore not considering the acquisition of the company O’Mara Incorporated (which took place on May 31, 2019) the reduction in revenues would have been 5.1%. Petrochemical PET Preforms PTA
EBITDA was also down, falling from € 61.56 million to € 54.91 million (-10.8%); consequently, margins decreased from 14.3% to 13.1%.
Aquafil closed the period January-September with a net profit of 9.53 million euros, down sharply compared to the 24.36 million booked in the first nine months of 2018, as a result of the increase in amortization and financial charges; adjusted net profit was € 16.2 million.
Pre-buying activity has propped up polyethylene terephthalate (PET) and purified terephthalic acid (PTA) demand in Europe, as buyers are attracted to current prices, but the markets remain cautious given the pessimistic outlook for the economy.
“We are seeing November with an improved [PTA] demand compared with previous months. Some pre-buying activity on PET might be one of the reasons of this increased activity,” a seller said. Petrochemical PET Preforms PTA
Coca-Cola Amatil and waste management company Veolia Australia are partnering to explore building a substantial plastic processing plant in Australia, as the beverage giant makes a big move towards recycled plastic.
The plant would accept crushed plastic bottles from around the country, saving them from having to be shipped overseas for recycling. Petrochemical PET Preforms PTA
Veolia Australia director of strategic projects Heather Bone said the companies were exploring possible locations in regional locations in all three of Australia’s eastern states.
Officials with ExxonMobil Chemical are seeing rays of hope in a challenging time for the plastics industry.
“As I walk around the show, I’ve been really encouraged by the optimism of the industry,” David Hergenrether, polyethylene vice president, said Oct. 21 at K 2019 in Düsseldorf. “People are starting to see the plastic waste challenge as an opportunity rather than a threat. Petrochemical PET Preforms PTA
Petrochemical PET Preforms PTA