Petrochemicals Automotive Crude Oil 17-09-2019
Petrochemicals Automotive Crude Oil
China – Polyethylene Terephthalate
PET and it’s chain go up.
Crude oil price is always strong owing to drone attack to Arabia .
Polyamide 6 and its chain are steady.
Acrylonitrile is steady.
PET Bottle grade export 840/895 $/ton – PET Bottle grade domestic market 7,150/7,250 yuan/ton – PET Filament grade SD domestic market 6,850/6,950 yuan/ton – PET Filament grade BR domestic market7,000/7,100 yuan/ton
PTA Taiwan 660/670 $/ton – PTA domestic market 5,300/5,400 yuan/ton – MEG 640/650 $/ton – MEG domestic market 5,400/5,500 yuan/ton – PX Korea 800/810 $/ton
Polyester POY 150D/48F domestic market 7,900/8,000 yuan/ton – Polyester DTY 150D/48F domestic market 9,250/9,350 yuan/ton – Polyester Staple PSF domestic market 7,650/7,750 yuan/ton
MEG spot prices in Asia up 7.2% amid rising oil prices
MEGlobal in the first half of October will begin commercial production at the new MEG factory in Freeport
Export prices for bottled PET in Asia last week generally remained at the previous week amid minimal fluctuations in the cost of raw materials, the ICIS-MRC Price Review says.
Overall, PET prices were in the range of USD840-870 per tonne, FOB China.
Crude Oil Prices Trend
Fixing the damage done by the attack on the Saudi oil processing plant may be the easy part. The hard part will be calming energy markets, where oil prices have jumped faster than at any time in over a decade.
The attack on Saudi Arabia’s Abqaiq plant, which accounts for 5 percent of global oil supplies, and a nearby facility took 5.7 million barrels a day of production off line for at least a few days. It also highlighted the vulnerability of the sprawling processing plants, pipelines and refineries of the Persian Gulf.
With several lakhs of tourists flocking to this tourist town in Tamil Nadu that is regarded as the Queen of the Hill stations in the state, plastic waste in the form of PET bottles generated here is of a huge scale, though single-use plastic had been banned long ago.
To ensure the collection and recycling of every last bottle consumed in Udhagamandalam, also known as Ooty, be it a water/juice/oil/personal care/home care product, the town on Monday received five reverse vending machines (RVM).
The OS-6, NCF-6 and CR-6 series use in-situ polymerization technology for enhanced properties in lightweight structural applications. Petrochemicals Automotive Crude Oil
Johns Manville (JM, Denver, Colo., U.S.), manufacturer of continuous filament glass fiber and a Berkshire Hathaway company, has launched three nylon thermoplastic composite product series for lightweight applications: OS-6, NCF-6 and CR-6 series.
The OS-6 series is a nylon composites sheet reinforced with continuous woven fabric and impregnated with the company’s proprietary technology to enhance impact resistance, strength and stiffness in thermoplastic composites.
Consumers in both North East Asia and India hold adequate reserves to cover any shortages. Petrochemicals Automotive Crude Oil
Brent crude opened for trading this week, exploding 20 per cent higher, its biggest jump in 28 years after attacks on Saudi Aramco’s facilities. This led to the disruption of 5.7 MMbbl/d, which is close to 60 per cent of the gulf nation’s production, putting dent to global supply. Petrochemicals Automotive Crude Oil
For now it is uncertain how long this disruption will last, but what is clear is that the longer this outage lasts the more bullish it will be for oil prices.
St. Charles, Ill.-based contract manufacturer Microplastics Inc. has purchased IVP Plastics LLC, diversifying its end markets beyond automotive, boosting sales to more than $45 million, and doubling the number of employees to more than 300.
IVP, also a contract manufacturer, injection molds custom parts for the large construction, farming and foodservice sectors with about 150 employees. With estimated molding sales of $19 million, IVP ranks No. 261 among North American injection molders, according to Plastics News’ latest ranking. Petrochemicals Automotive Crude Oil
Monoethylene Glycol Market is set achieve lucrative growth during the forecast period; according to a new research report.
Asia Pacific monoethylene glycol industry has been projected to register a rather commendable growth rate of 7% over 2017-2024, driven by the extensive contribution of countries such as India and China and the robust demand for polyester fiber in the region.
The fact that more than 90% of the global polyester fiber production of 2014 took place in Asia Pacific affirms the aforementioned analysis.Petrochemicals Automotive Crude Oil
Oil prices spiked the most on record Monday after a weekend attack on Saudi Arabia’s oil facilities wiped out more than 5% of the global oil supply.
Crude oil prices initially surged as much as 18%, but retreated after President Trump said he authorized the use of oil from the United States’ emergency oil supply, called the Strategic Petroleum Reserve, “if needed.” Brent crude (BZ=F) reached a session high of $71.95 a barrel at the opening, while U.S. crude futures (CL=F) surged to a session high of $63.34 a barrel.
This polyamide resins market analysis considers sales from reactive polyamide resins and non-reactive polyamide resins.
Our analysis also considers the sales of polyamide resins in APAC, Europe, MEA, North America, and South America. In 2018, the reactive polyamide resins segment had a significant market share, and this trend is expected to continue over the forecast period.
Factors such as rising demand for paints and coatings because of the increasing number of residential and non-residential construction projects will play a significant role in the reactive polyamide resins segment to maintain its market position.
A comprehensive statistical scope of PLA Films market has been published by Research N Reports. Acumen business knowledge of the competent team provides a precise overview of qualitative and quantitative analysis techniques which are used to examine trade data.
The report reveals a blueprint of the competitive market scene which will help new vendors to get an idea of the potential hazards that the current players are facing. It also examines the profiles of prominent market players and gives an insight into the development strategies adopted by them.
Facilities producing around 10% of global ethylene capacity are threatened by feedstock disruption after the weekend’s attack on Saudi Arabia’s oil distribution infrastructure and the subsequent closure of 5.7m bbl/day of refinery capacity.
The attack on 14 September damaged the Abqaiq and Khurais crude oil processing installations which supply oil to Saudi Arabia’s three main petrochemical sites.