Petrochemicals CrudeOil Nylon66 ACN 12-08-2020

Petrochemicals CrudeOil Nylon66 ACN

Crude Oil Prices Trend 

Crude Oil Prices Trend  Polyestertime

-In the driver’s seat

Recycled-content requirements could spur a decoupling of recycled polymer prices from oil and virgin resins.

Recycled-content plastic resins such as recycled polyethylene terephthalate (rPET) have thus far carved out a comparatively small market share, so pricing of these secondary resins and the scrap that goes into them historically has not gained independence.

Instead, products like rPET and feedstock such as PET beverage containers have most often traded at prices pegged to a more widely produced virgin resin. Those prices, in turn, are often linked with oil pricing and production, which can be a market very far removed from the supply and demand landscape for rPET or recycled-content packaging.

Ambitious government and corporate targets may now be severing these links to oil refining and virgin plastic production, according to Max Craipeau of Hong Kong-based Greencore Resources Ltd.

Petrochemicals CrudeOil Nylon66 ACN

-US textile and apparel imports demand turned positive for the first time in Jun

The latest data show that US textile and apparel imports reached 4.65 billion square meters in Jun, down by 18.8% year-on-year but up by 31.1% month-on-month; the volume from China was 2,420 million square meters, down by 13.9% year-on-year but up by 37.1% month-on-month. In Jan- Jun, the cumulative US textile and apparel imports were 26.86 billion square meters, down 19.9% year-on-year; the volume from China was 10.83 billion square meters, down 26.8% year-on-year. Petrochemicals CrudeOil Nylon66 ACN

Petrochemicals CrudeOil Nylon66 ACN

-Plastic pollution dumped into oceans will triple by 2040

COVID-19 has taught us is that in times of an emergency, the demand and reliance on single use plastics will skyrocket, and recycling systems will be stalled.

Despite the growth of biodegradable materials and bans on single use plastics, a recent study finds that  Petrochemicals CrudeOil Nylon66 ACN

Despite the growth of biodegradable materials and bans on single use plastics, a recent study finds that there could be 600 million tons of plastic in the oceans by 2040, which is equivalent to the weight of over three million blue whales.

Recycling has become increasingly popular over the years, but the study says that the complex composition of plastic materials limits the ability for technologies to easily sort and reprocess them.

For example, black plastic cannot be recycled in Canada because technologies do not recognize them on the sorting belt and pizza boxes cannot be recycled if they are greasy. Many people are in the habit of checking for the optimistic recycling symbol, but the reality is that many recycling facilities cannot save multi-material plastics and 86 per cent of discarded plastics in Canada end up in landfills

Petrochemicals CrudeOil Nylon66 ACN

-6m/second sorting of fiber and plastics with TOMRA AUTOSORT SPEEDAIR

ensor-based sorting lineup for processing recycled fiber and plastics, now available worldwide, includes the next-generation AUTOSORT optical sorter, the CYBOT robotic sorter, and SPEEDAIR, a 6m/second high-speed belting system

The AUTOSORT line is designed to be compact, highly flexible and upgradable, bringing together multiple technologies, including FLYING BEAM (NIR), SHARP EYE, DEEP LAISER, as well as updated Intelligent Object Recognition software, to deliver complex, artificially intelligent (AI) optical sensor-based sorting of recovered paper and plastics (including film and black plastics) at very high throughput rates. Petrochemicals CrudeOil Nylon66 ACN

Petrochemicals CrudeOil Nylon66 ACN

-Footfalls develops shoe upper that measures gait via knitted sensors

Nottingham, UK based Footfalls & Heartbeats, a smart textiles developer has created a knitted shoe upper which can measure gait in a person whether walking or running. The sensor embedded shoe uppers are made on a Santoni X machine.

Kiwi founder Simon McMaster commented on the new development: “A sneak preview of knitted shoes, developed by the genius knitting team at Footfalls. These shoes produced on a Santoni X machine, knitted in under 12 minutes per shoe, are able to measure gait and footfall whether walking or running.”   Petrochemicals CrudeOil Nylon66 ACN

“No embedded electronics just knitted textile sensors that measure pressure and then relay that true on body movement to a UI of choice. Real steps, extraordinary innovation using state-of-the-art knitting technology.”

Petrochemicals CrudeOil Nylon66 ACN

-Pandemic spurs demand for plastic packaging: BofA

The ongoing Covid-19 pandemic has caused a rapid shift to online shopping boosting demand for plastic packaging, which represents more than one-third of total plastic demand, said a new a BofA Global Research report.

Hygiene product demand is also on the rise. Conversely, the manufacturing and construction slowdown has softened demand for durable plastics used by those sectors, according to the latest Global Energy Weekly. Petrochemicals CrudeOil Nylon66 ACN

These trends appear to favour polyethylene (PE) based plastics like HDPE and LDPE, which are primarily used in packaging, and some consultants believe PE demand may actually hold flat year-on-year (YoY) in 2020 as the economy shrinks at a record pace.

Petrochemicals CrudeOil Nylon66 ACN

-Asia nylon demand recovery unlikely amid weak downstream run rates

Hopes of an August demand recovery in Asia’s nylon market are fading, as downstream manufacturing run rates remain curtailed amid slow end-use consumption.

Downstream manufacturers in China are running their factories at an average of 60-70%, according to market players’ estimates.Petrochemicals CrudeOil Nylon66 ACN

Moreover, many are currently holding onto high raw material stocks, diminishing their need to make fresh replenishments.

This has consequently further limited demand for nylon chip imports in China.

Market players deem any significant demand uptick in August to be unlikely, given that the market remains in the throes of a seasonal lull.

Asia nylon demand recovery unlikely amid weak downstream run rates

-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.

This was the fourth consecutive rise in monthly vehicle sales, according to data from China Association of Automobile Manufacturers (CAAM).

Production also grew for the fourth straight month in July, rising 21.9% year on year to 2.2m units.Petrochemicals CrudeOil Nylon66 ACN

On a month-on-month basis, however, July vehicle sales and production were down by 8.2% and 8.2%, respectively.

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

-UK to maintain EU duties on US biodiesel pending review

The UK will transpose the EU countervailing duties on biodiesel originating from the US, including that consigned from Canada, once it ceases to apply the EU’s Common External Tariff.Petrochemicals CrudeOil Nylon66 ACN

This will apply unless the notice is revoked or the EU terminates the measure before the UK begins operating an independent trade remedies system.

The transposition of the duties will be followed by a transition review carried out by the UK Trade Remedies Authority to assess whether the measure is appropriate to the UK. The result of the review will be a recommendation that the measure be varied or revoked.

UK to maintain EU duties on US biodiesel pending review

-PTi introduces new high-speed sheet extruder

US-based Processing Technologies International has introduced its latest development in high-speed extrusion, with the introduction of the SUPER-G HighSPEED SGHS3500-36DThis latest extruder improves system performance in output and flexibility, according to a recent press release.

Advancements in technology and design have brought about a multi-resin capable extruder with higher regrind recovery rates, reduced maintenance costs and increased throughput, all with minimal changes to the physical footprint of the original SUPER-G HighSPEED Extruder.Petrochemicals CrudeOil Nylon66 ACN

PTi introduces new high-speed sheet extruder

Petrochemicals CrudeOil Nylon66 ACN

Petrochemicals CrudeOil Nylon6 ACN 11-08-2020