Petrochemical PET Resin PTA News 22-11-2019

Petrochemical PET Resin PTA

China – Polyethylene Terephthalate

PET and its chain are in health .

Crude oil price is steady.

Polyamide 6 and its chain are steady.

Acrylonitrile is steady

Naphtha increases.

PET Bottle grade export 770/825 $/ton PET Bottle grade domestic market 6,350/6,450 yuan/ton PET Filament grade SD domestic market 5,850/6,000 yuan/ton – PET Filament grade BR domestic market 5,950/6,050 yuan/ton

PTA Taiwan 600/610 $/ton PTA domestic market 4,800/4,900 yuan/tonMEG  545/555 $/ton – MEG domestic market 4,600/4,700 yuan/tonPX Korea 765/775 $/ton.

Polyester POY 150D/48F  domestic market 6,950/7,050  yuan/tonPolyester DTY 150D/48F  domestic market 8,550/8,650  yuan/tonPolyester Staple PSF domestic market 6,700/7,800 yuan/ton

Petrochemical PET Resin PTA

Crude Oil Prices Trend

Crude Oil Prices Trend

October MEG price in Europe agreed at EUR26 per tonne higher than September

The contract price of monoethylene glycol (MEG) for October in Europe was finally agreed at EUR632 per tonne, which is EUR26 per tonne higher than the previous month, ICIS reported citing confirmation from the second buyer and second seller.

The MEG contract price for October shipments was agreed on terms of delivery of FD NWE (with delivery to North-West Europe) with a significant delay, i.e. a few weeks after the first approval.

Petrochemical PET Resin PTA

– Polyethylene Terephthalate (PET) contract prices in the US in November fell by USD66 per ton

The contract prices of polyethylene terephthalate (PET) in the US in November fell by 3 cents per pound (USD66 per ton) amid weakening demand and cooling, ICIS reports.

At the same time, some participants have already concluded 3-month contracts with a decrease of 3 cents per pound. Spot prices also declined.

Spot and contract resin prices followed a downtrend amid economic uncertainty caused by the protracted trade war between the US and China.

Petrochemical PET Resin PTA

-Grodno Azot reduces polyamide production in October by 22.8%

Grodno Azot (Grodno, Republic of Belarus), including PTC Khimvolokno, in October 2019, the company reduced production by 24% compared to the same period in 2018, the company website says. .

Commodity production for the reporting period was released in the amount of 130 178 thousand Belarusian rubles. For ten months of this year, the company reduced production by 0.9%, which amounted to 1,349,850 thousand Belarusian rubles.

Petrochemical PET Resin PTA

-Itema exhibits weaving innovations at ITMACH India

Itema, a leading provider of best-in-class weaving solutions, including weaving machines, OEM spare parts and integrated services, is exhibiting at ITMACH India at The Exhibition Centre in Ahmedabad, next month.

India represents one of the most interesting textiles industries in the world, featuring numerous textiles districts throughout the country and producing a wide range of woven fabrics.

Petrochemical PET Resin PTA

-Tarkett and Aquafil close the loop on carpet tiles: a key step towards circular economy

Tarkett today announces that it is closing the loop on commercial carpet tiles in Europe thanks to a pioneering partnership with Aquafil.

This is the result of an intensive collaboration over recent years, going beyond the traditional customer and supplier relationship.Petrochemical PET Resin PTA

The two companies present today this significant step towards circular economy at Tarkett’s carpet tile facility in Waalwijk, the Netherlands.

Tarkett and Aquafil close the loop on carpet tiles: a key step towards circular economy

-Honeywell UOP Supplies Technology to PDH Plant in Texas

Process technology and solutions firm Honeywell UOP is supplying its C3 Oleflex technology to Enterprise Products Partners LP for use in the firm’s propane dehydrogenation (PDH) unit in Mont Belvieu, TX.

Under the arrangement, Honeywell UOP will provide Oleflex technology licensing to the plant, as well as engineering, catalysts, adsorbents, services, and equipment, according to a company press release issued Wednesday. The new Enterprise facility, known as PDH 2, will have a capacity of 750,000 mt/yr of polymer-grade propylene.

-Honeywell UOP Supplies Technology to PDH Plant in Texas

-Indorama completes acquisition of Europe’s Sinterama

INDORAMA Ventures Public Company Limited (IVL) has announced on Wednesday (20) that it has completed the acquisition of Sinterama.

Sinterama is global polyester automotive interiors and high-performance coloured yarns manufacturer.Petrochemical PET Resin PTA

“This acquisition elevates IVL’s capability to deliver comprehensive and innovative solutions in highly specialised applications, including coloured polyester yarns for the automotive, furnishing, apparel and technical applications,” the company said yesterday.

Petrochemical PET Resin PTA

-Putin says shale oil technologies are ‘barbaric’

Russian President Vladimir Putin has criticized countries like the U.S. for ignoring the environmental impact of shale oil and natural gas production, describing it as a “barbaric” process the Kremlin won’t pursue, CNBC reports.

Speaking at a business conference in Moscow Wednesday, Putin said: “Today’s technology of shale oil production and shale gas are without any doubt … barbaric,” CNBC reported, Kallanish Energy understands.

Putin says shale oil technologies are ‘barbaric’

-Viridor agrees to provide recycled plastics to Unilever

UK-based recycling and waste management company Viridor has agreed to supply its recycled plastics to consumer goods company Unilever.

According to a five-year contract, Unilever will receive recycled plastic from Viridor’s Avonmouth Resource Recovery Centre.Petrochemical PET Resin PTA

The £65m centre near Bristol will be powered by energy generated from its £252m energy recovery facility in Avonmouth

Viridor agrees to provide recycled plastics to Unilever

Petrochemical PET Resin PTA

Petrochemical PET Resin ACN News 21-11-2019

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