Petrochemicals Antibacterial Graphene PEF 17-08-2020

Petrochemicals Antibacterial Graphene PEF

Petrochemical Compound PP Naphtha Trend

Petrochemicals Antibacterial Graphene PEF

Crude Oil Prices Trend

Crude Oil Prices Trend 

-Indorama Ventures Q2 net profit plunged 93%

Indorama Ventures PCL’s second-quarter net profit plunged 93% from a year earlier as some of its businesses were hit by Covid-19 restrictions, according to MarketScreener.

Net profit was 153.51 million baht ($4.9 million), sharply lower from THB2.27 billion a year ago, the Thai petrochemical-products company said Thursday.

Revenue fell 21% to THB75.01 billion, as its integrated oxides and derivatives business took a hit due to a drop in crude oil prices and falling demand for its products.

Indorama’s fibers business also suffered, mainly because of softening demand from lifestyle companies and from the automobile sector. Petrochemicals Antibacterial Graphene PEF

Petrochemicals Antibacterial Graphene PEF

-Automotive – impact on chemicals

The automotive industry has an important relationship with the chemicals sector while remaining an instrumental force on the global economy as an employment-intensive sector.

In a fast-changing world, automotive manufacturing is susceptible to unique challenges. While vehicle manufacturers are impacted by material prices, trends impacting the market ripple upstream.  Petrochemicals Antibacterial Graphene PEF

China July vehicles sales grow 16.4% on year; production up 21.9%

China’s vehicles sales in July increased 16.4% year on year to 2.1m units as stimulus measures from the government continued to drive broad recoveries in consumption and market vitality, industry data showed.

Petrochemicals Antibacterial Graphene PEF

-Oil giants lost billions as pandemic crushed demand for fuel

The quarter was one of the worst on record for the oil industry. The price of a barrel of benchmark US crude fell below USD 0 in April, a stunning downfall that had not before been seen in the industry  Petrochemicals Antibacterial Graphene PEF

Two American oil giants lost more than USD 9 billion in the second quarter as the pandemic kept households on lockdown, cutting a gaping hole into a once-thriving business as the need for oil diminished around the world. Exxon lost USD 1.1 billion in the second quarter, and the Irving, Texas-based oil producer brought in USD 32.6 billion in revenue, less than half of what it brought in at the same time last year. Chevron Corp. lost USD 8.27 billion during the quarter, a sharp contrast to the USD 4.3 billion it earned at the same time last year.

The quarter was one of the worst on record for the oil industry. The price of a barrel of benchmark US crude fell below USD 0 in April, a stunning downfall that had not before been seen in the industry.

Petrochemicals Antibacterial Graphene PEF

-Oil prices end at highest since March with U.S. crude supplies down 3 weeks in a row

EIA reports weekly fall of 4.5 million barrels for U.S. crude inventories

Oil futures climbed to end Wednesday at a five-month high, as U.S. government data showed that domestic crude supplies fell for a third week in a row.

Despite a 2.2 million-barrel shift from the Strategic Petroleum Reserve into commercial inventories, “a drop in oil imports and ongoing strength in Gulf Coast exports has led to another inventory draw” for crude, Matt Smith, director of commodity research at ClipperData, told MarketWatch, adding that “similar to last week, the draw was on the U.S. Gulf Coast, down 6.7 million barrels.”   Petrochemicals Antibacterial Graphene PEF

Petrochemicals Antibacterial Graphene PEF

-That’s why we left! EU cost UK billions after Treasury forced to wait for vital pound move

THE European Union cost Britain billions of pounds after taking hours to grant the UK Government permission to withdraw from the European Exchange Rate Mechanism, Ken Clarke revealed.  Petrochemicals Antibacterial Graphene PEF

The European Union had the UK wait “powerless’ for hours as the other member states came together to decide whether to let Britain quit the European Exchange Rate Mechanism (ERM) amidst growing reserve losses at the Bank of England. Ken Clarke told BBC Radio 4’s The Reunion the Government had planned to leave the ERM after failing to keep the pound over the EU lower currency exchange limit but could not act immediately as the rest of the bloc had to give permission. The former Chancellor said: “The whole day was one of the zaniest political gatherings I had ever been in and in an ever-mounting sense of panic took old, but not particularly on John Major.

That's why we left! EU cost UK billions after Treasury forced to wait for vital pound move

-Domestic Supplies Of Polyester Woven Webbings Takes On New Urgency In The Post-COVID Era

Polyester webbing manufactured by Bally Ribbon Mills is used for seat belts.

Closing of Berry-compliant yarn manufacturers disrupts market

The polyester woven webbing market experienced serious short-term disruption from the closing of the last United States manufacturing plants that could supply yarn complying with the Berry Amendment. Petrochemicals Antibacterial Graphene PEF

After some new domestic yarn manufacturers entered the market, some manufacturers, including Bally Ribbon Mills, stepped up to produce 100 percent Berry-compliant polyester webbing for critical safety applications.

Domestic Supplies Of Polyester Woven Webbings Takes On New Urgency In The Post-COVID Era

-SHOO: DC-Based Antibacterial Techwear Launches

Launching officially on Kickstarter Saturday, August 15th, they’re taking pre-orders and offering a15% discount. The clothing and accessories will be available for delivery in December.  Petrochemicals Antibacterial Graphene PEF

SHOO CEO Stacy Chong’s inaugural tech wear line is the Smart Armor Collection, the first-ever clothing infused with antimicrobial technology that inhibits viruses and kills bacteria.

This U.S. clothing and accessories line is a partnership with HeiQ, a Swiss textile science company that has developed one of the first textile finishing technologies successfully tested against SARS-CoV-2  (COVID-19) in the laboratory using the Viral Stability and Persistence test method.

SHOO: DC-Based Antibacterial Techwear Launches

Petrochemicals Antibacterial Graphene PEF

Petrochemicals Antibacterial Graphene 15-08-2020