Petrochemicals MEG rPET – Has Stellantis already lost the challenge with China in car batteries? 11-09-2023

Petrochemicals MEG rPET

Petrochemicals MEG rPET

  • Polymers : PET – r-PET – Filament grade semidull chips -Filament grade bright chips – Ny6 – Ny66 – PP
  • Feedstocks : PX – PTA – MEG – CPL – Adipic Acid – Benzene – ACN – Ethylene – Phenol – Naphtha
  • Textile : Polyester POY – DTY – FDY – PSF – Recycled Polyester POY – Nylon POY – DTY – FDY Spandex 20-30-40 -Viscose Staple Fiber VSF  Acrylic Staple Fiber   Petrochemicals MEG rPET

Petrochemicals MEG rPET

ITEM 04/09/2023 11/09/2023 +/-
Bottle grade PET chips domestic market 7125 yuan/ton 7,075 yuan/ton -50
Bottle grade PET chips export market 895 $/ton 895 $/ton
Filament grade Semidull chips domestic market 7,000 yuan/ton 7,060 yuan/ton +60
Filament grade Bright chips domestic market 7,020 yuan/ton 7,090 yuan/ton +70
Pure Terephthalic Acid PTA domestic market 6,150 yuan/ton 6,155 yuan/ton +5
Pure Terephthalic Acid PTA export market 800 $/ton 770 $/ton -30
Monoethyleneglycol MEG domestic market 4,100 yuan/ton 4,165 yuan/ton +65
Monoethyleneglycol MEG export market 475 $/ton 482 $/ton +7
Paraxylene PX FOB  Taiwan market

Petrochemicals MEG rPET

1,096 $/ton 1,093 $/ton
Paraxylene PX FOB  Korea market 1,073 $/ton 1,070 $/ton -3
Paraxylene PX FOB EU market 1,180 $/ton 1,190 $/ton +10
Polyester filament POY 150D/48F domestic market 7,725 yuan/ton 7,900 yuan/ton
Recycled Polyester filament POY  domestic market 7,540 yuan/ton 7,650 yuan/ton +110
Polyester filament DTY 150D/48 F domestic market 9,275 yuan/ton 9,350 yuan/ton +75
Polyester filament FDY 68D24F

Petrochemicals MEG rPET

8,950 yuan/ton 9,050 yuan/ton +100
Polyester filament FDY 150D/96F domestic market 8,350 yuan/ton 8,475 yuan/ton +125
Polyester staple fiber 1.4D 38mm domestic market 7,600 yuan/ton 7,650 yuan/ton +50
Caprolactam CPL domestic market 12,900 yuan/ton 13,350 yuan/ton
Caprolactam CPL overseas  market 1,550 $/ton 1,570 $/ton +20
Nylon 6 chips overseas  market 1,790 $/ton 1,790 $/ton
Nylon 6 chips conventional spinning domestic  market 13,650 yuan/ton 14,100 yuan/ton +450
Nylon 6 chips  high speed spinning domestic  market

Petrochemicals MEG rPET

14,300 yuan/ton 14,650 yuan/ton +350
Nylon 6.6 chips domestic  market 17,900 yuan/ton 18,100 yuan/ton -100
Nylon6 Filament POY 86D/24F domestic  market 16,400 yuan/ton 16,750 yuan/ton +350
Nylon6 Filament DTY 70D/24F domestic  market 18,550 yuan/ton 18,900 yuan/ton- +350
Nylon6 Filament FDY  70D/24F  17,400 yuan/ton 17,700 yuan/ton +300
Spandex 20D  domestic  market

Petrochemicals MEG rPET

36,500 yuan/ton 36,500 yuan/ton
Spandex 30D  domestic  market 35,000 yuan/ton 35,000 yuan/ton
Spandex 40D  domestic  market  32,000 yuan/ton 32,200 yuan/ton +200
Adipic Acid domestic market 9,550 yuan/ton 9,850 yuan/ton +300
Benzene domestic market

Petrochemicals MEG rPET

7,950 yuan/ton 8,500 yuan/ton +550
Benzene overseas  market 903 $/ton 987 $/ton +84
Ethylene South East market 860 $/ton 865 $/ton +5
Ethylene NWE market 735 $/ton 774 $/ton +39
Acrylonitrile ACN  domestic market

Petrochemicals PSF PET-Bottle

9,400 yuan/ton 9,500 yuan/ton +100
Acrylonitrile ACN  overseas market 1,200 $/ton 1,200 $/ton
Acrylic staple fiber ASF  domestic market 13,600 yuan/ton 14,100 yuan/ton +500
Viscose Staple Fiber VSF  domestic market 13,150 yuan/ton 13,250 yuan/ton +100
PP Powder domestic market

Petrochemicals MEG rPET

7,530 yuan/ton 7,550 yuan/ton +20
Naphtha overseas market  666 $/ton 685 $/ton +19
Phenol domestic market 8,485 yuan/ton 9,270 yuan/ton +785


r-PET high end eco-friendly chips =7,800 yuan/ton 7,800 yuan/ton   –

Petrochemicals MEG rPET

Auto, ccinaugurates its first Battery Technology Center in Italy

Stellantis, one of the world’s leading automotive manufacturers, has inaugurated its first Battery Technology Center in Turin, in the Mirafiori industrial complex. With an investment of 40 million euros for its development, the center increases Stellantis’ ability to design, develop and test the battery packs, modules, high voltage cells and software that will power future Stellantis brand vehicles , we read in a note. Over 100 technicians will work in the Battery Technology Center in Mirafiori, most of whom are specialized workers from Stellantis. Petrochemicals MEG rPET

The group is also working on a Battery Technology Center for North America in Windsor, Ontario, Canada. With 8,000 square meters and 32 climatic cells, the Battery Technology Center is the largest in Italy and one of the most important in Europe. The heart of the center consists of 32 climatic chambers – 24 walk-in chambers for testing battery packs and 8 chambers for carrying out cell tests. Inside the 24 walk-in chambers it is possible to control the environmental conditions by regulating humidity and temperature in a range between -40 and 60 degrees Celsius with a maximum variation of 20 degrees per minute. The center is capable of testing up to 47 battery packs in parallel.

Designed for future expansion, the center’s power system can handle up to 1.2 kilovolts (kV) and 2.2 megawatts (MW) per test cell. In the eight chambers reserved for the cells it is possible to test up to 96 elements in parallel. Petrochemicals MEG rPET

This part of the Technology Center will be dedicated in particular to the study of new chemical compositions and behavioral characteristics of cells for future development.

As part of its Dare Forward 2030 strategic plan, Stellantis announced its goal of achieving 100% BEV sales mix in Europe and 50% BEV passenger cars and light commercial vehicles in the United States by 2030. To achieve these business goals, the company is securing approximately 400 GWh of battery capacity, to be supported with six battery manufacturing facilities in North America and Europe. Stellantis is working to become a carbon-neutral company across the board by 2038, with single-digit offsets for remaining emissions. Petrochemicals MEG rPET

“We find ourselves faced with a unique opportunity to redefine mobility by offering intelligent and sustainable solutions – declared Ned Curic, Chief Engineering and Technology Officer of Stellantis – The new Battery Technology Center in Mirafiori brings together the tools in one place and the talented people needed to develop, test, validate and produce high-quality products that meet the needs of our customers with shorter lead times for premium electric vehicles around the world.”

The new Stellantis Battery Technology Center “is a further step, which follows the many concrete steps that the Region and Municipality have taken with Stellantis. After the many words of the past, the approach and method have changed, we wanted to build an almost contractual agreement with Stellantis”. Petrochemicals MEG rPET

Alberto Cirio, president of the Piedmont Region, said this on the sidelines of the inauguration of the centre, built in the Mirafiori industrial complex, in Turin, to test and develop the battery packs for electric vehicles that will power future products in the Stellantis range. “We have put on the table the elements that we could put in place and Stellantis has defined very specific objectives, which are being achieved. Everyone is keeping their commitments”, said Cirio, explaining that “the Battery Technology Center also has a significance of perspective, because it means that the head remains in Piedmont and Turin”. Petrochemicals MEG rPET

The President of the Region explained that in the agreement that is being defined at a national level with Stellantis, and in which Cirio represents the regions as coordinator for the car at the table, “a contractual relationship is being defined to which also the Minister of Business and Urso is paying a lot of attention to Made in Italy. On the one hand it guarantees contributions and incentives for car replacements, but on the other hand it requires concrete commitments from Stellantis.” Cirio said he was “satisfied because, after the many words of the past, today factories are actually being inaugurated, people are being hired and lines are being opened”.  Petrochemicals MEG rPET

At the new Stellantis Battery Technology Center in Turin Mirafiori “over one hundred people will work when fully operational, for now we are aiming for the reskilling of the current staff”, or the transfer from other divisions of the group (these are highly specialized workers, who have received at least 200 hours of training). Ned Curic, chief engineering & technology officer of Stellantis, said this at the inauguration of the BTC. Looking ahead, however, it cannot be ruled out that there will be new hires, also because “many Stellantis employees will retire and we will have to replace them”, said Curic.

Overall, he said, “we are hiring and will continue to do so due to the demographics of the current workforce.” Petrochemicals MEG rPET

According to Curic, in the coming years we will see “a transformation of the workforce” and “we need to implement the talent of the new generations”, which is why Stellantis works with the Polytechnic of Turin “to ensure we have skills to develop”.


Auto, Stellantis inaugurates its first Battery Technology Center in Italy