Petrochemicals PET Chemicals Fibers 09-09-2019
Petrochemicals PET Chemicals Fibers
China : Polyamide 6,6 domestic market prices
Crude Oil Prices Trend
When leaving a keynote address at a consumer tech show of any shape or size, some of the typical feelings or emotions that one might experience are genuinely wowed (at the product launch), relieved (that it’s over), and perhaps sleepy (having sat through another boring product pitch).
Rarely—if ever—would I say that I’ve gotten up from my chair or cardboard box seat and felt inspired.
But that’s exactly the type of emotion that Hagan Bulgurlu, the CEO of Arçelik, inspired in a fair majority of those in attendance for the final IFA 2019 keynote.
US August ethylene contracts have not fully settled and will likely be part of a two-month settlement in early October, amid mixed views about production costs.
Cracker cash costs rose by about 0.5 cent/lb for August. Ethane prices have risen on strong demand and higher ethylene prices. The following chart shows recent price movement for feedstock ethane.
Turkey asked the United States to lift trade barriers between the two countries during talks on Saturday aimed at sharply increasing bilateral commerce, Turkey’s trade minister said.
Washington and Ankara have set an ambitious goal of quadrupling their trade to $100 billion a year, despite the prospect of U.S. sanctions over Turkey’s recent purchase of Russian missile defense systems.
Transparency Market Research has released a new market report titled “Textile Chemicals Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global textile chemicals market is projected to be worth US$ 31,860 Mn by 2026, expanding at a CAGR of 3.7% from 2018 to 2026. Textile chemicals are employed as a part of textile manufacturing processes. They are utilized in spinning, pretreatment, dyeing, finishing, and other textile processes.
Today we produce almost 400 million tonnes of plastics every year. Global population growth and a growing middle class means that, in just a few decades, the demand for goods and packaging made from plastics is set to rise three-fold.
Plastics are everywhere and yet we take them for granted. They keep us safe through medical devices, they keep food fresh and hygienic through packaging, and they are an essential part of making aeroplanes fly.
The United States will continue to impose sanctions on whoever purchases Iran’s oil or conducts business with Iran’s Revolutionary Guards and no oil waivers will be re-issued, a U.S. official told Reuters on Sunday.
“We will continue to put pressure on Iran and as President (Trump) said there will be no waivers of any kind for Iran’s oil,” said Sigal Mandelker, U.S. Treasury Under Secretary for Terrorism and Financial Intelligence.
Satellite images appeared to show the vessel, the Adrian Darya-1, off the coast of Syria on Friday.
But an Iranian foreign ministry spokesman would only say the ship had delivered its cargo after docking “on the Mediterranean coast”.
The ship has been at the centre of a US-Iran diplomatic tussle.
It was seized by British marines off Gibraltar in July and held there until 15 August when Iran gave assurances it would not sail to Syria.
The US vowed on Sunday to impose sanctions on any buyer of the oil.
Amid the growing plastic waste crisis, producers of polyhydroxyalkanoate think the world is ready for their biodegradable polymers
At Silicon Valley Clean Water in Redwood City, California, an installation assembled from a shipping container, plastic piping, brackets, and a small steel reactor is testing technology that could lead to a more sustainable plastic.
Mango Materials has run this pilot facility since 2015. Raw biogas—which contains methane, carbon dioxide, and hydrogen sulfide—from the water treatment plant bubbles through the reactor. Bacteria in the vessel metabolize the methane into the biopolymer poly(3-hydroxybutyrate), or PHB.
A biofuels expert has briefed Council on the future potential for a biofuel industry in the Bundaberg Region.
TfA engineering manager Keith Sharp said the region produced many of the common types of materials used to create biofuels, known as feedstocks.
“There’s a lot of potential within the Bundaberg Region,” Keith said.
“There is quite a diverse range of agricultural crops and there’s obviously the sugar industry as well.”
French Foreign Minister Jean-Yves Le Drian said Sunday that the European Union will not grant the U.K. an extension to its Oct. 31 Brexit deadline if the current situation doesn’t change, Bloomberg reports.
“We won’t start over again every three months. Let the British Parliament, let the British authorities tell us what’s the path.”
Why it matters: Parliament passed a law last week that will force Prime Minister Boris Johnson to seek an extension from the EU if a last-minute deal isn’t struck at the European Council meeting on Oct. 17 and 18. Johnson has repeatedly said that he will not seek an extension under any circumstances and that Brexit must be delivered on Oct. 31, even if it means crashing out of the EU without a deal.