Petrochemicals Naphtha Oxodegradable PP 06-07-2020

Petrochemicals Naphtha Oxodegradable PP

Crude Oil Prices Trend

Crude Oil Prices Trend

Petrochemical Polymers PETBottles PSF Trend

Petrochemicals Naphtha Oxodegradable PP

-L’Oreal aims to use recycled plastics and renewable energy only by 2030

The cosmetics group has revealed new 10-year sustainability targets

Cosmetics giant L’Oreal has outlined its environmental ambitions for the next 10 years.

The company plans to use 100 per cent renewable energy by 2025 and aims to use entirely recycled or bio-based plastic for packaging by 2030.

And, by 2030 the company said the greenhouse gas emissions of each finished product will be reduced by 50 per cent (when compared to 2016 rates).

L’Oreal owns hundreds of brands such as Lancome, Kiehl’s, Garnier, Essie, Shu Uemura, YSL beauty, Giorgio Armani beauty, NYX and Maybelline.

L’Oreal heiress Françoise Bettencourt Meyers is the richest woman in the world. She has a reported net worth of $58.6 billion.  Petrochemicals Naphtha Oxodegradable PP

Petrochemicals Naphtha Oxodegradable PP

-Non-stop cycling fun with airless tire inserts

Flat tires are now a thing of the past

Air Fom makes use of expanded TPU from Covestro

When the tyre is flat, cycling is no longer much fun. Taiwanese company Air Fom offers a solution for deflated tyres that are instead inflated with expanded TPU from Covestro.

The warmer weather and more relaxed corona restrictions are drawing people outside – and more and more of them onto their bikes. There are plenty of reasons for this: exercise and fitness, fresh air and the opportunity to get out of the house or to avoid having to wear masks on public transport. Petrochemicals Naphtha Oxodegradable PP

Going shopping by bike or exploring one’s surroundings could be a joy if it weren’t for the many stones, shards of glass, nails and other sharp objects that will turn a perfectly good tire into a flat mess. The Taiwanese company Air Fom is now offering a patented solution for airless tires that overcomes the drawbacks of previous airless products. It is based on an expanded thermoplastic polyurethane (eTPU) from Covestro.

Non-stop cycling fun with airless tire inserts

-Germany’s automobile production to fall 25% in 2020 – trade group

Germany’s auto production is expected to fall 25% to 3.5m units this year, and domestic new-car registrations are expected down 23% to 2.8m, the country’s auto industry trade group VDA said in a forecast on Friday.

While production and domestic new-car sales would recover in the second half, the recovery would not come “even close to offsetting the unprecedented collapse” in H1 caused by the coronavirus pandemic, the group said.

Full-year 2019 registrations stood at 3.61m and production was 4.66m, according to VDA’s website. Petrochemicals Naphtha Oxodegradable PP

Despite the sharp production decline, Germany’s auto industry employment is currently down only 3% year on year to 814,000, the group said.

Petrochemicals Naphtha Oxodegradable PP

-Oil Prices Fall As Demand Outlook Worsens In U.S.

Oil prices fell early on Friday amid surging new coronavirus infections in the United States, which had market participants worried about the U.S. oil demand recovery trend.

As of 9:20 a.m. EDT on Friday, WTI Crude was down 1.28 percent at $40.13, and Brent Crude traded down 1.23 percent at $42.61. Prices recovered somewhat later in the afternoon but were still trading about 1% off. Petrochemicals Naphtha Oxodegradable PP

Oil prices were still headed for a weekly gain this week as low supply from OPEC, encouraging economic data from the U.S. and China, and a drop in U.S. commercial inventories had supported prices earlier this week.

However, the U.S. reported on Thursday its highest level of new daily coronavirus cases so far—at more than 55,000, raising fears that a surge in infections will dent the gradual oil demand recovery in America, which consumers 20 percent of the world’s daily oil supply.

Petrochemicals Naphtha Oxodegradable PP

-Losing The Thread | Textiles

India’s textile sector has a long way to go before it achieves economies of scale to challenge China’s dominance in world markets.

Once dubbed ‘Manchester of the East’, the textile town of Bhiwandi in Thane district, 40 km north of Mumbai, is today reeling under competition from the 25-30 per cent cheaper Chinese fabric. Ask Sharadram Sejpal, 58, a powerloom owner here and spokesperson of the Bhiwandi Powerloom Association, why they can’t match Chinese pricing and he says: “Electricity is costlier here and taxes are high.” Ironically, 90 per cent of the powerlooms in India are cheap imports from China.

Over and above the cheap looms that sustain small loom owners such as Sejpal, India is dependent on China right across the entire textile value chain, starting with raw materials for textile production, the synthetic yarn, the fabric and even the final product, be it garments or home textiles. Petrochemicals Naphtha Oxodegradable PP

Petrochemicals Naphtha Oxodegradable PP

-GCC PE, PP July offers rise on tight supply, Asia market uptrend

Polyolefin offers for July-lifting cargoes in the Gulf Cooperation Council (GCC) region have increased on the back of tight supply and recent uptrend in Asian markets.

Offers for July lots of both polyethylene (PE) and polypropylene (PP) spiked compared from June deals amid limited supply in the Middle East.

High density PE (HDPE) film offers rose to $860-930/tonne DEL (delivered) GCC, up by $70-90/tonne from June trade levels. Petrochemicals Naphtha Oxodegradable PP

Strong demand for HDPE pipe demand was also curbing film availability.

Offers for low density PE (LDPE) film rose by $40-50/tonne to $890-950/tonne DEL GCC; while those for linear low density PE (LLDPE) film increased by $20-50/tonne to $840-880/tonne DEL GCC.

GCC PE, PP July offers rise on tight supply, Asia market uptrend

-Trinseo announces 2030 Sustainability Goals

Trinseo has announced its 2030 Sustainability Goals.

Reaching a milestone celebrating its 10th anniversary this year, Trinseo believes it is high time to embark on an ambitious, measurable, and achievable longer-term sustainability journey. Petrochemicals Naphtha Oxodegradable PP

This ambitious plan includes 15 long-term goals under five main categories that target climate change, sustainable products, supplier responsibility, responsible operations, and sustainable workforce. These goals were created, in part, from a critical assessment of the Company’s capabilities as well as valuable feedback from customers and suppliers.

“Given the many challenges our industry and society face, we believe that we must strive to be a driver of sustainable solutions,” said Walter van het Hof, Global Industry Affairs & Sustainability Leader, Trinseo.

Trinseo announces 2030 Sustainability Goals

-HDPE uptrend may restrict in July

The first half of 2020 has come to an end, PE market has fluctuated dramatically during the past six months. Judging from the current situation, the market has entered a relatively stable period in the high position, it is because the demand is very good, the inventory is not high, and the market rarely shows a significant retreat. However, as the price itself has risen much higher than the low point, the market is hard to move higher. In terms of HDPE, this phenomenon is particularly obvious.

In the current HDPE, the prices of most products have risen to more than 7,500yuan/mt except few relatively low-end products.

Among them, since the demand for infrastructure has been good, market price the mainstream of pipe has been at above 8,000yuan/mt; other products such as film, blow-molding, and homo PP raffia have also risen to between 7,500-8,000yuan/mt due to recent import shipping problems. From the point of view of the whole HDPE, only injection is left, which still hovering around 7,000yuan/mt, but the general trend is also upward under the influence of other products. Petrochemicals Naphtha Oxodegradable PP

HDPE uptrend may restrict in JulyHDPE

-What about recycled plants turning from solid re-PSF to HC re-PSF?

Affected by weak demand, many solid re-PSF plants in Hebei and North Jiangsu have shut down recently. Especially in Hebei, the downstream yarn market is particularly sluggish.

Close virgin PSF is sold with competitive prices and only one large plant maintains the operation, while other solid re-PSF plants run for a period and then shut down.

In Sichuan, only three plants run operation continuously, while other plants restart operation late this year, and show difficulties in continuous operation.

Under this circumstance, some solid re-PSF plants in Jiangsu and Sichuan intend to turn to produce HC re-PSF, and a few production lines have been in trial, and products are expected to come out next month. Petrochemicals Naphtha Oxodegradable PP

What about recycled plants turning from solid re-PSF to HC re-PSF?

-Italy – Voluntary Public Exchange Offer by Intesa Sanpaolo Bank for UBI Bank : there’s confusion among UBI’s shareholders (Italian Language Only)

UBI of the wonders.  After the Parvus fund located at the Cayman,the bank’s first clandestine shareholder,and the operations of UBI International (Beretta) and Saras Petroli (Moratti),now Mr. Massiah (UBI’sCEO) pulls out of his hat of illusionist “Treasures hidden in the finance statement”  and the “magic” of 330 million more dividends in the three year 2020 – 2022,attracting the ECB’s checks.

AfterMr. Cera resignation from the consultation agreement  (The “CAR”),other cracks,are opening among the shareholder. Today begann the OPS. ( Nr.17 Intesa shares for Nr.10 UBI shares)

Italy - Voluntary Public Exchange Offer by Intesa Sanpaolo Bank for UBI Bank : there's confusion among UBI’s shareholders

Petrochemicals Naphtha Oxodegradable PP

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