Petrochemicals -PET Bottle – PreZero and Shell are revolutionizing plastic recycling? 17-07-2023 - Arhive

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Petrochemicals -PET Bottle

Petrochemicals -PET Bottle

  • Polymers : PET – r-PET – Filament grade semidull chips -Filament grade bright chips – Ny6 – My66 – 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 -PET Bottle

Polyestertime
ITEM 10/07/2023 17/07/2023 +/-
Bottle grade PET chips domestic market 6,975 yuan/ton 7,000 yuan/ton +25
Bottle grade PET chips export market 895 $/ton 905 $/ton +10
Filament grade Semidull chips domestic market 6,800 yuan/ton 6,860 yuan/ton +60
Filament grade Bright chips domestic market 6,800 yuan/ton 6,870 yuan/ton +70
Pure Terephthalic Acid PTA domestic market 5,830 yuan/ton 5,835 yuan/ton +5
Pure Terephthalic Acid PTA export market 800 $/ton 800 $/ton –
Monoethyleneglycol MEG domestic market 3,965 yuan/ton 4,025 yuan/ton +60
Monoethyleneglycol MEG export market 466 $/ton 478 $/ton +12
Paraxylene PX FOB  Taiwan market

Petrochemicals -PET Bottle

 995 $/ton 1,049 $/ton
 +54
Paraxylene PX FOB  Korea market 972 $/ton 1,026 $/ton +54
Paraxylene PX FOB EU market 1,075 $/ton 1,140 $/ton +65
Polyester filament POY 150D/48F domestic market 7,450 yuan/ton 7,530 yuan/ton
 +80
Recycled Polyester filament POY  domestic market 7,250 yuan/ton 7,350 yuan/ton +100
Polyester filament DTY 150D/48 F domestic market 9,000 yuan/ton 9,100 yuan/ton +100
Polyester filament FDY 68D24F

Petrochemicals -PET Bottle

 8,600 yuan/ton 8,700 yuan/ton +100
Polyester filament FDY 150D/96F domestic market 8,150 yuan/ton 8,230 yuan/ton +80
Polyester staple fiber 1.4D 38mm domestic market 7,350 yuan/ton 7,320 yuan/ton -30
Caprolactam CPL domestic market 11,900 yuan/ton 12,250 yuan/ton
 +350
Caprolactam CPL overseas  market 1,500 $/ton 1,500 $/ton –
Nylon 6 chips overseas  market 1,720 $/ton 1,720 $/ton –
Nylon 6 chips conventional spinning domestic  market 12,550 yuan/ton 12,900 yuan/ton +350
Nylon 6 chips  high speed spinning domestic  market

Petrochemicals -PET Bottle

 13,100 yuan/ton 13,400 yuan/ton +300
Nylon 6.6 chips domestic  market 19,000 yuan/ton 18,700 yuan/ton -300
Nylon6 Filament POY 86D/24F domestic  market 15,300 yuan/ton 15,600 yuan/ton +300
Nylon6 Filament DTY 70D/24F domestic  market 17,500 yuan/ton 17,800 yuan/ton- +300
Nylon6 Filament FDY  70D/24F  16,350 yuan/ton 16,600 yuan/ton +250
Spandex 20D  domestic  market

Petrochemicals BGPET 

 36,000 yuan/ton 36,500 yuan/ton +500
Spandex 30D  domestic  market 34.500 yuan/ton 35,000 yuan/ton +500
Spandex 40D  domestic  market  31,200 yuan/ton 31,500 yuan/ton +300
Adipic Acid domestic market 8,500 yuan/ton 8,900 yuan/ton +400
Benzene domestic market

Petrochemicals -PET Bottle

 6,390 yuan/ton 6,635 yuan/ton +245
Benzene overseas  market 760 $/ton 815 $/ton +55
Ethylene South East market 750 $/ton 745 $/ton -5
Ethylene NWE market 612 $/ton 621 $/ton +9
Acrylonitrile ACN  domestic market

Petrochemicals Polyester PET-Bottle

 7,900 yuan/ton 8,000 yuan/ton +100
Acrylonitrile ACN  overseas market 1,250 $/ton 1,250 $/ton –
Acrylic staple fiber ASF  domestic market 13,600 yuan/ton 13,600 yuan/ton –
Viscose Staple Fiber VSF  domestic market 12,650 yuan/ton 12,650 yuan/ton –
PP Powder domestic market

Petrochemicals -PET Bottle

 6,850 yuan/ton 7,050 yuan/ton +200
Naphtha overseas market  549 $/ton 603 $/ton +54
Phenol domestic market 6,745 yuan/ton 7,182 yuan/ton +437

Petrochemicals -PET Bottle

r-PET high end eco-friendly chips =7,950 yuan/ton  — 7,950 yuan/ton  – 

Petrochemicals Polyester PET-Bottle

Profit-taking leads to a decline in oil prices, despite a notable weekly gain

On Friday, Brent and WTI crude both experienced a drop of approximately 2% as traders decided to book profits

The strengthening of the dollar contributed to this downward movement, prompting investors to consolidate their losses.

Additionally, disruptions in Libyan and Nigerian oilfields, caused by protests and potential leaks, respectively, further impacted the market. However, despite the day’s losses, both crude benchmarks still achieved a weekly increase. Petrochemicals -PET Bottle

Brent crude futures settled at $79.87 per barrel, down $1.49 or 1.8%, while U.S. West Texas Intermediate crude futures fell $1.47 or 1.9% to settle at $75.42 a barrel. Looking ahead, experts anticipate that next week the rally could resume due to factors such as easing inflation, plans to replenish the U.S. strategic reserve, supply cuts, and ongoing disruptions. Petrochemicals -PET Bottle

Although oil prices may be slightly overbought in the short term, the prevailing sentiment leans towards a gradual upward trend. Russian oil exports have also witnessed a significant decrease, and if this trend persists, it is likely to further drive prices up, as Russia is expected to reduce its oil exports by 500,000 bpd in August, according to analysts at Commerzbank.

Petrochemicals -PET Bottle

PreZero and Shell have recently entered into a cooperation agreement aimed at revolutionizing plastic recycling

They seek to address the existing gap in plastic circularity by developing an innovative chemical solution. Currently, not all types of plastic can undergo mechanical recycling, which limits the effectiveness of the recycling process. To bridge this gap, both companies will combine their expertise and collaborate on concrete projects.

PreZero, leveraging its experience in feedstock collection, sorting, and pre-treatment, will focus on developing new solutions for the selection and conversion of plastic waste into recyclates. On the other hand, Shell will concentrate on developing, scaling, and deploying technologies to transform plastic waste into chemicals that can be used to produce new plastics. Petrochemicals -PET Bottle

The initial joint initiative resulting from this partnership is currently underway in the Netherlands. Sven Nuener, CSO PreZero International, expressed the significance of this project, stating that by expanding the range of plastic waste that can be processed, they can contribute to meeting the increasing recycling targets set by many European countries. The project aims to provide broader opportunities for recycling materials that would otherwise be considered waste.

Marco Richrath, Senior Vice President Chemicals and Products Europe, emphasized the importance of proper waste sorting and pre-treatment for the success of chemical recycling. He expressed his satisfaction with Shell’s collaboration with PreZero and their shared objective of establishing an economically viable value chain for plastic waste unsuitable for mechanical recycling. The ultimate goal is to transform this waste into high-quality plastic packaging and other products, reducing the reliance on fossil-based feedstocks and contributing to the plastic circular economy. The cooperation agreement brings together stakeholders from various parts of the value chain, fostering progress in this area. Petrochemicals -PET Bottle

Furthermore, in addition to their efforts in plastic recycling, PreZero and Shell will explore potential connections in other areas such as low carbon fuels and renewable energy generation, strengthening their cross-business collaboration.

In summary, PreZero and Shell have signed a cooperation agreement to tackle the challenges of plastic circularity by developing an innovative chemical solution. Through their combined expertise and collaborative projects, they aim to enhance recycling capabilities and reduce waste, contributing to a more sustainable future.

PreZero and Shell have recently entered into a cooperation agreement aimed at revolutionizing plastic recycling. They seek to address the existing gap in plastic circularity by developing an innovative chemical solution. Currently, not all types of plastic can undergo mechanical recycling, which limits the effectiveness of the recycling process. To bridge this gap, both companies will combine their expertise and collaborate on concrete projects. PreZero, leveraging its experience in feedstock collection, sorting, and pre-treatment, will focus on developing new solutions for the selection and conversion of plastic waste into recyclates. On the other hand, Shell will concentrate on developing, scaling, and deploying technologies to transform plastic waste into chemicals that can be used to produce new plastics. The initial joint initiative resulting from this partnership is currently underway in the Netherlands. Sven Nuener, CSO PreZero International, expressed the significance of this project, stating that by expanding the range of plastic waste that can be processed, they can contribute to meeting the increasing recycling targets set by many European countries. The project aims to provide broader opportunities for recycling materials that would otherwise be considered waste. Marco Richrath, Senior Vice President Chemicals and Products Europe, emphasized the importance of proper waste sorting and pre-treatment for the success of chemical recycling. He expressed his satisfaction with Shell's collaboration with PreZero and their shared objective of establishing an economically viable value chain for plastic waste unsuitable for mechanical recycling. The ultimate goal is to transform this waste into high-quality plastic packaging and other products, reducing the reliance on fossil-based feedstocks and contributing to the plastic circular economy. The cooperation agreement brings together stakeholders from various parts of the value chain, fostering progress in this area. Furthermore, in addition to their efforts in plastic recycling, PreZero and Shell will explore potential connections in other areas such as low carbon fuels and renewable energy generation, strengthening their cross-business collaboration. In summary, PreZero and Shell have signed a cooperation agreement to tackle the challenges of plastic circularity by developing an innovative chemical solution. Through their combined expertise and collaborative projects, they aim to enhance recycling capabilities and reduce waste, contributing to a more sustainable future.