Petrochemical Smart Plastic Packaging 27-11-2019

Petrochemical Smart Plastic Packaging

China – Polyethylene Terephthalate

PET and its chain are assessed mixed.

Crude oil price is steady.

Polyamide 6 and its chain are weak.

Acrylonitrile is steady

Naphtha is at US $/ton 562 .

PET Bottle grade export 770/820 $/ton PET Bottle grade domestic market 6,300/6,400 yuan/ton PET Filament grade SD domestic market 5,900/6,000 yuan/ton – PET Filament grade BR domestic market 5,950/6,050 yuan/ton

PTA Taiwan 600/610 $/ton PTA domestic market 4,850/4,950 yuan/tonMEG  535/550 $/ton – MEG domestic market 4,550/4,600 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 Smart Plastic Packaging

Crude Oil Prices Trend

Crude Oil Prices Trend

-Higher oil price and production forecast in the US

Production is projected to rise by 30,000 barrels per day, according to the Energy Information Administration

Both the price and production of crude oil are expected to increase during the rest of 2019 and 2020 in the US.

The Energy Information Administration (EIA) has revised its figures, with crude oil production forecast to increase by 30,000 barrels per day (bpd) or 0.2% from its October short term energy outlook (STEO).

Production in 2020 is also forecast to rise by 119,000 bpd or by 0.9%, compared to the projections in the October outlook.

Petrochemical Smart Plastic Packaging

-Audia Elastomers launches line of thermoplastic elastomers made from marine waste plastics

Audia Elastomers, a global supplier of innovative elastomer materials, has launched its OP line of thermoplastic elastomers (TPEs) based on marine waste plastics.

The OP line of elastomer materials includes products with up to 45% marine waste and 70% total recycled material content in a wide range of hardness from 35 Shore A to 95 Shore A. Petrochemical Smart Plastic Packaging

This new range of high-performance materials increases the potential market for marine waste beyond basic PET fibers and containers and allows more brand owners the opportunity to help keep oceans clean and free from debris, according to Anthony Marozsan, market development manager for Audia Elastomers.

Petrochemical Smart Plastic Packaging

-AIMPLAS to Host Seventh International Seminar on Biopolymers and Sustainable Composites

AIMPLAS will hold the seventh edition of its International Seminar on Biopolymers and Sustainable Composites on 4 and 5 March 2020. This seminar is aimed at raw material suppliers, processing companies, machinery manufacturers, end users, companies in plastic waste management and treatment, public administrations (regarding environmental policies), research centres, universities and public research bodies.

Various topics will be discussed at this long-standing seminar, which is highly regarded within the sector. Petrochemical Smart Plastic Packaging

These include trends in biodegradable plastic materials and plastic materials obtained from renewable sources; innovations in biotechnology and the sustainable waste recovery options offered by these materials; and developments in standardization, certification and life cycle assessment (LCA). Attendees will also hear success stories from leading companies.Petrochemical Smart Plastic Packaging

Petrochemical Smart Plastic Packaging

-CEO chopping Adient’s way to profitability

Corporate employees at Adient plc will end the year on vacation.

An unpaid vacation. President and CEO Doug DelGrosso held a companywide town hall at its Plymouth Township, Mich., headquarters on Nov. 14 to explain the situation to employees. That their sacrifice was, after all, for the greater good of the company.

Petrochemical Smart Plastic Packaging

Petrochemical Smart Plastic Packaging

-A symphony of sustainability for Clariant at K 2019

Materials firm Clariant is hearing a symphony at K 2019.

The Muttenz, Switzerland-based company has unveiled its Symphony of Collaboration theme to tackle plastics waste. Petrochemical Smart Plastic Packaging

Officials said that while plastic has been described as “the success story of the 20th century,” its sustainability is increasingly under the spotlight.

Petrochemical Smart Plastic Packaging

-Taiwan textile firms hail US ruling against PRC exporters

Most Taiwanese textile exporters welcomed the November 14 ruling by the US department of commerce that said exporters from China and India had been dumping polyester textured yarn (PTY) in the US market v at margins ranging from 76.07-77.15 per cent and 17.62-47.51 per cent respectively. They perceive this as a chance to compete in a fair market.Petrochemical Smart Plastic Packaging

The US commerce department said it has also issued a final ruling after finding Chinese and Indian polyester textured yarn received countervailable subsidies at rates ranging of 32.18-473.09 per cent and 4.29-21.83 per cent respectively.

-Taiwan textile firms hail US ruling against PRC exporters

-SOLIDS & RECYCLING-TECHNIK

SOLIDS & RECYCLING-TECHNIK Dortmund is the trade show duo for granules, powder, bulk solids and recycling technologies.

On 1st and 2nd of April 2020, 500 national and international companies will present technologies and solutions from the bulk materials and recycling sectors at Messe Dortmund. Petrochemical Smart Plastic Packaging

Trade visitors from Germany and abroad will have the opportunity to discuss the technical future of the industries with renowned companies.

-SOLIDS & RECYCLING-TECHNIK

-Japan’s vision for Asia

As the world’s second-highest user per capita of plastics packaging (after the USA), Japan has set a goal to reduce the 9.4 million tonnes of single-use plastics it produces by 25 per cent by 2030, according to Kentaro Doi, director of plastic waste strategy at Japan’s Ministry of Environment.  Petrochemical Smart Plastic Packaging

This is an about-turn, given that in 2018 both Japan and the US declined to sign the G7 pact to reduce the use of single-use plastics and help prevent plastics pollution, much to the dismay of many environmentalists.

Petrochemical Smart Plastic Packaging

-Oerlikon shows future of manmade fibre production in China

Recently, Oerlikon invited visitors to Shanghaitex in China on a journey into future of manmade fibre production. It showed its guests a vision of sustainable and automated manmade fibre production under the motto ‘Clean Technology, Smart Factory’. Together with numerous other innovations, all this forms the new DNA of Oerlikon manmade fibres segment. Petrochemical Smart Plastic Packaging

Launched to create new standards in texturing: the Eafk Evo generation of machines promises superior speeds, greater productivity and consistently high product quality, along with lower energy consumption and simpler operation vis-à-vis comparable market solutions.

Oerlikon shows future of manmade fibre production in China

-OPEC should make right call for fragile world economy: IEA’s Birol

OPEC countries, which are meeting next week to discuss their level of oil output, should make the right decision for the global economy, which remains “very fragile”, the head of the International Energy Agency told Reuters on Tuesday.

“It is up to OPEC countries to decide, but what I see is that the pressure is strong on the OPEC plus Russia, as a result of the strong growth coming from the non-OPEC countries – the U.S., Brazil, Norway, Guyana and others,” Fatih Birol said in an interview on the sidelines of an energy conference in Oslo. Petrochemical Smart Plastic Packaging

OPEC should make right call for fragile world economy: IEA's Birol

Petrochemical Smart Plastic Packagin

Petrochemical PET Smart Fabric News 26-11-2019

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