Petrochemicals Biodegradable Film BOPET 21-08-2019

Petrochemicals Biodegradable Film BOPET

China – Polyethylene Terephthalate

PET and it’s chain are assessed mixed.

Crude oil price continue to be firm.

Polyamide 6 and its chain are steady.

Acrylonitrile is steady.

PET Bottle grade export 830/890 $/ton PET Bottle grade domestic market 6,750/6,950 yuan/ton PET Filament grade SD domestic market 6,600/6,750 yuan/ton – PET Filament grade BR domestic market 6,700/6,850 yuan/ton

PTA Taiwan 695/705 $/ton PTA domestic market 5,200/5,300 yuan/tonMEG  530/545 $/ton – MEG domestic market 4,450/4,600 yuan/tonPX Korea 770/780 $/ton

Polyester POY 150D/48F  domestic market 7,750/7,850  yuan/tonPolyester DTY 150D/48F  domestic market 9,100/9,200  yuan/tonPolyester Staple PSF domestic market 7,200/7,300 yuan/ton

Petrochemicals Biodegradable Film BOPET

Crude Oil Prices Trend

Petrochemicals Biodegradable Film BOPET

-Plastics recovery project underway in Pacific Northwest

Aug. 1 kicked off public demonstrations of an effort to sort a variety of resins from loads of material otherwise bound for disposal. The goal is to develop a pool of data that can help guide future industry investments.

The Pacific Northwest Secondary Sorting Demonstration Project is in the middle of its 60-day run, operating in a shuttered recycling center in Portland, Ore. Equipment from Titus MRF Services was transported up from Los Angeles, and the project is currently working through loads of material provided by several materials recovery facilities (MRFs). Petrochemicals Biodegradable Film BOPET

Led by the Plastics Industry Association, the project is also sponsored by the American Chemistry Council (ACC), Americas Styrenics (AmSty), Berry Global, the Carton Council, LyondellBasell, the Metro regional government that covers the Portland metropolitan area, and industrial products manufacturer Milliken.

Petrochemicals Biodegradable Film BOPET

-Henkel to partner with ALPLA, Inc for $130 million expansion to Bowling Green production facility

BOWLING GREEN, Ky. (WBKO) – Tuesday morning Henkel announced a partnership with ALPLA, Inc. to invest over $130 million towards enhancing laundry detergent production at its Bowling Green, KY facility. The investment will be used to build infrastructure, including a new bottle production area onto the Henkel campus, and will increase efficiency, create capacity for growth and drive energy savings. Additionally, ALPLA will hire 60 employees once construction is complete.

Henkel, a global leader in laundry & home care, beauty care and adhesives, is the largest operation in the South Central Kentucky Industrial Park and the largest laundry plant within the company at more than 2 million square feet.

Petrochemicals Biodegradable Film BOPET

-Scientist warn against new type of marine plastic pollution

Particles of marine plastic pollution resembling pebbles have been found to be washing up on the UK shores, according to a Science of The Total Environment report.

The report stated that the marine plastic, known as pyroplastic, stems from burning of manufactured plastics and can escape ready detection.

Beachgoers in Cornwall initially discovered the pyroplastics and requested scientists to research the findings. Petrochemicals Biodegradable Film BOPET

Petrochemicals Biodegradable Film BOPET

-Weekly resin report: Spot prices for commodity-grade PE reach decade-long lows

Spot resin trading continued to transact at a very swift pace last week: Buyers and sellers came to do business and both sides were willing to bend a bit to complete deals, reports the PlasticsExchange (Chicago) in its Market Update. Prices for nearly all polyethylene (PE) and polypropylene (PP) grades slid a cent, with very sharp pricing again seen for off-grade materials.

Spot domestic demand remained strong and, despite trade wars and geopolitical uncertainty, July PE exports scored a new all-time record high.

Weekly resin report: Spot prices for commodity-grade PE reach decade-long lows

-The European plastics industry: hoping for the best, preparing for the worst”

In the run-up to K 2019, the European plastics industry faces challenges on several fronts. Overall, the economy is just bumping along; the prolonged exit of the UK from the European Union is creating disquiet; major traditional export markets are wobbling; and hardening attitudes of consumers towards plastics packaging are leading to hasty – some say ill-judged — moves among law makers setting out a path to the Circular Economy. Petrochemicals Biodegradable Film BOPET

The German economy, traditionally the powerhouse of Europe, is in a tense situation, with exports from and imports to the country both falling in recent months. One survey of industry executives indicated that factory activity fell beyond already poor expectations in March. Analysts at consultant IHS Markit concluded that the German manufacturing sector “was clearly in deep recession.”

The European plastics industry: hoping for the best, preparing for the worst

-Europe MEG watches new US capacity as spot price pressure continues

European monoethylene glycol (MEG) margins and spot prices have been under pressure for the majority of 2019 and it is unclear if any respite is on the horizon.

With lengthy US availability stemming from higher capacities, sources are concerned this will continue to weigh on European import supply.

A watchful eye is also cast over the market in Asia, where prices recovered last week after the delayed implementation of several proposed tariffs on Chinese exports.

Europe MEG watches new US capacity as spot price pressure continues

-Brazil federal agency seeks billions against Braskem insalt-mine case

A federal agency in Brazil hasfiled a petition against Braskem, seeking billions of dollars in reparations involving damage that the company’s salt mine had caused in the northeastern state of Alagoas. Petrochemicals Biodegradable Film BOPET

Brazil’s Federal Public Ministry (MPF), similar to a department of justice, fileda public civil action, requesting that Braskem should be responsible for societal and environmental damage worth at least real (R)20.5bn ($5.07bn), it said.

The MPF wants the liability to be extended to Braskem’s two major shareholders, construction company Odebrecht and state-energy producer Petrobras.

Petrochemicals Biodegradable Film BOPET

-AIMPLAS announces project to measure the presence of microplastics in wastewater and develop new filtering methods

AIMPLAS, the Plastics Technology Centre, is leading the MICROPLAST project, with the participation of Aguas de Valencia and the Universitat de València.

Funded by the Valencian Innovation Agency (AVI), this project aims to remove microplastics from both urban and industrial wastewater. It will also develop a standardised methodology to obtain homogeneous data on the presence of these particles in different wastewater sources. Petrochemicals Biodegradable Film BOPET

Petrochemicals Biodegradable Film BOPET

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