Petrochemicals Bottle Waste Graphene 07-04-2020
Petrochemicals Bottle Waste Graphene
Crude Oil Prices Trend
KARACHI: Commercial chemical importers have said that they are feeling the pain of financial crisis, therefore, the government should arrange easy loans for one year to help them overcome liquidity crunch.
Pakistan Chemicals & Dyes Merchants Association (PCDMA) Chairman Amin Yusuf Balagamwala said commercial importers were facing a severe financial crisis due to the lockdown of many cities and the closure of trade and industry.
ICIS senior editor for recycling, Matt Tudball, discusses what’s been happening in the R-PET, R-PE and R-PP markets this week, including:
The on-going impact of the coronavirus Petrochemicals Bottle Waste Graphene
How lower virgin PET prices are leading to substitution
Turkey’s automotive industry experienced a 28.5% fall in exports in March compared to the previous year as production halted in almost the entire automotive industry due to the coronavirus outbreak.
According to data from the Uludağ Automotive Industry Exporters Association (OIB), the industry’s exports totaled $2.1 billion (TL 14.4 billion) and accounted for 15.4% of the country’s overall exports in March. March figures are consistent with the downward trend started in the first quarter, which recorded a 10% decline in foreign sales compared to the previous year. Petrochemicals Bottle Waste Graphene
Saudi state-controlled Aramco will delay the release of its official May formula prices until after the scheduled 9 April meeting of Opec and partner countries, according to a source close to the matter. Petrochemicals Bottle Waste Graphene
The official sale prices were initially expected to be announced today.
Aramco typically circulates its sale prices within the first five days of the month that precedes loading. This will be the second consecutive month that the state-controlled energy giant opts to postpone its official formula price beyond its traditional deadline.
Wittmann Robottechnikai Kft., the Wittmann Group’s production plant in Mosonmagyaróvár, Hungary, has acquired a neighboring building from the previous owner Lematex. Petrochemicals Bottle Waste Graphene
With this acquisition, Wittmann Hungary’s production area will be expanded with immediate effect from 12,000 to 15,000 square metres. The enlargement was initiated some time ago, and its completion eagerly awaited. The Hungarian production plant of Wittmann has so far been working almost continuously at capacity and had also reached its limit in terms of existing space.
The European Community Shipowners’ Associations (ECSA) said the shipping industry has to recover from the impact of the coronavirus pandemic before it can commit to a green deal. Petrochemicals Bottle Waste Graphene
ECSA secretary general Martin Dorsman urged the European Commission to assess the impact of the pandemic on the shipping industry and “work on a recovery plan, before stating that the European green deal is keeping to its deadline no matter what”.
Indian state-controlled refiner MRPL has issued an export tender offering 7,000t of polypropylene (PP) grades.
The tender, issued late on 3 April, offers 3,000t of raffia, 3,000t of injection moulding and 1,000t of TQ film grades for loading from 1-10 May.
The cargoes will be sold on an ex-works New Mangalore basis.
MRPL shut its 440,000 t/yr PP plant in late March as the Indian government enforced a 21-day lockdown to counter the spread of the coronavirus. The duration of the shutdown is unclear. Petrochemicals Bottle Waste Graphene
The chemical industry needs a wartime-like focus on meeting the basic needs of society as coronavirus continues to cause unprecedented disruption to chemical markets around the world, according to senior industry commentators.
European contract cracker margins plummeted week on week on the back of a steep fall in the ethylene contract reference price for April and a small recovery in feedstock prices, ICIS margins analysis showed on Monday. Petrochemicals Bottle Waste Graphene
Weakened European chemicals and wider industrial companies are at risk of takeovers by overseas players after the coronavirus pandemic, including “state-subsidised” investments, the director general at trade group Cefic told ICIS on Monday.
The Exolon Group, based in North Rhine-Westphalia and with production sites in Belgium and Italy, is currently optimising its production of transparent polycarbonate and Vivak polyester sheets.
With its plastic products, the Serafin Group company is helping to slow the spread of Covid-19. Petrochemicals Bottle Waste Graphene
MD Jens Becker said: “There has been an increase in demand for transparent sheet material that is used for medical protective barriers such as face shields and partitions for the reception area in hospitals or at supermarket checkouts. This has prompted us to adapt our production accordingly … We are proud that our products make a contribution to better protecting employees in systemically relevant professions in this difficult time.”
The EMS Group, a high performance polymers and specialty chemicals company, has reported 17.8 per cent decline in its net sales to CHF 496 million in the first quarter (Q1) FY20 compared to sales of CHF 604 million in same period prior year. Sales of high performance polymers decreased 17 per cent to CHF 440 million (FY18: CHF 530 million).
Sales of speciality chemicals dropped 23.7 per cent to CHF 56 million compared to CHF 74 million in prior year. Petrochemicals Bottle Waste Graphene
The group stated that after the global economy slowed down in 2019, it was further heavily impacted in the first quarter of 2020 by the different national Covid-19 measures. These had a particularly negative effect on the global car industry, which slumped by 25 per cent to previous year, as reported. Futher, the group reported that the Chinese automotive industry has restarted operations and is regaining momentum.
Petrochemicals Bottle Waste Graphene