Petrochemicals PlasticRecycling Carbonfree 17-10-2020

Petrochemicals PlasticRecycling Carbonfree

-Europe nylon demand recovery may not last as second wave hits confidence

European downstream demand for nylon 6 and 6,6 had been gradually recovering from the destructive effects widespread coronavirus lockdowns had on industrial output and consumer demand.

However, the outlook has turned very uncertain again as the pandemic resurges strongly in Europe, with mixed views about the market’s fortunes in the fourth quarter.

Nylon 6 contract prices for September tonnes settled at a double-digit increase from August on a euro per tonne basis.

Contract prices for nylon 6,6 – which is predominantly consumed by the automotive sector – settled between rollovers and an increase, posting the first upward movement in price since January 2019.

Europe nylon demand recovery may not last as second wave hits confidence

-ITMA Live: Forging Ahead Amidst A Pandemic – Interview with Tsuranori Nomura, Operating Officer, Textile Machinery Division, Murata Machinery

ITMA, the world’s leading textile machinery event, which is owned by Zürich headquartered CEMATEX (The European Committee of Textile Machinery Manufacturers) is held every four years. The next show, ITMA 2023 will be held from 8-14 June 2023 at the Fiera Milano Rho in Milan, Italy. Petrochemicals PlasticRecycling Carbonfree

ITMA Services, the organiser of the event, has launched a series of ITMA Live videos which tell the stories of a small group of well-known textiles and apparel industry leaders in 2020, the year of the COVID-19 pandemic.

ITMA Live: Forging Ahead Amidst A Pandemic – Interview with Tsuranori Nomura, Operating Officer, Textile Machinery Division, Murata Machinery

-TOMRA calls for urgent UN treaty to tackle plastic pollution

TOMRA has backed calls for a United Nations treaty to address global plastic pollution. The Norway-based company has signed an international corporate manifesto, The Business Call for a UN Treaty on Plastic Pollution, which calls on governments worldwide to agree upon a UN treaty to tackle plastic pollution. Petrochemicals PlasticRecycling Carbonfree

The manifesto, which has been signed by 29 businesses across the world, comes in support of a new report released by the WWF (World Wildlife Fund), management consultancy Boston Consulting Group and circular economy champion the Ellen Macarthur Foundation.

The report warns that a global legally binding environmental agreement negotiated under the auspices of the UN is needed to help stop 11 million metric tonnes of plastic flowing into the ocean each year.

Petrochemicals PlasticRecycling Carbonfree

-Innovate Textile & Apparel virtual trade show goes live

The textile and apparel industry’s pioneering virtual trade show, Innovate Textile & Apparel, organised by World Textile Information Network (WTiN) and sponsored by RICOH, is going live today  Petrochemicals PlasticRecycling Carbonfree

The Innovate Textile & Apparel virtual trade show provides an opportunity for companies from across the globe to showcase innovation in manufacturing technology and materials, network and forge new partnerships, while respecting travel bans and safety measures brought on by the COVID-19 pandemic.

Based around technology and materials, the event has over 160 exhibitors from 26 countries. It will feature manufacturers of textile technology as diverse as manmade fibre production through to garment assembly and finishing, alongside material producers for apparel, sportswear, personal protective equipment (PPE) through to smart fabrics.

Petrochemicals PlasticRecycling Carbonfree

-DyStar Launches Cadira® Polyamide And Cadira Polyester/Cellulosic Exhaust

DyStar, a specialty chemical company with a heritage of more than a century in product development and innovation is pleased to announce the recent launch of Cadira® Polyamide and Polyester/Cellulosic Exhaust. With the two additions, DyStar currently offers eleven Cadira modules in total to support the supply chain with complete sustainable solutions from manufacturing to production and beyond.Petrochemicals PlasticRecycling Carbonfree

Fanny Vermandel, Vice President, Global Marketing Coloration of DyStar said, “DyStar is delighted to add Cadira Polyamide and Cadira Polyester/Cellulosic Exhaust to our current modules. With these additions, Brands and Retailers, manufacturers, and production houses can look onto these options to further optimize their production processes.

DyStar Launches Cadira® Polyamide And Cadira Polyester/Cellulosic Exhaust DyStar, a specialty chemical company with a heritage of more than a century in product

-Saudi Arabia, Morocco urged to reverse actions against Turkish goods

Representatives of the Turkish business community have called on Saudi Arabia and Morocco to reverse their actions as firms are reportedly facing growing problems in conducting business with the two countries.

Calls for boycott of Turkish goods in Saudi Arabia and Morocco’s decision to hike duties on dozens of Turkish products will negatively affect both the countries as well, said Hasan Hüseyin Bayram, head of the Turkish Home Textile Industrialists and Businessmen Association (TETSIAD). Petrochemicals PlasticRecycling Carbonfree

In a statement Tuesday, Bayram said the unofficial boycott decisions of the two countries, which have a common religious and historical background with Turkey, will damage the mutual cooperation policies based on yearslong historical ties and trade relations.

Petrochemicals PlasticRecycling Carbonfree

-BOPP price maintains the upward trend in its peak season

After the National Day holiday, both PP and BOPP markets moves higher. Compared with PP, the rise of BOPP is more obvious. On Oct 14, offers for thick film rise by 4.4% to around 10,400-10,800yuan/mt, some offer high at 11,000yuan/mt.

  1. Support from raw material cost side

After the holiday, futures rebounds sharply by nearly 265yuan/mt, and spot price rises accordingly. In addition, the macro sentiment is good.

Downstream procures to replenish their stocks, inventory digests quickly and the inventory pressure is basically gone. In the short-term, the raw material price maintains the upward trend and supports the market. Petrochemicals PlasticRecycling Carbonfree

BOPP price maintains the upward trend in its peak season

-Oerlikon Experts share know-how in new webinar series

In order to ensure the transfer of know-how and technology in times of the pandemic, the Manmade Fibers segment of the Swiss Oerlikon Group will commence a new webinar series in November. Four interesting technology lectures are planned to take place in 2020, which will be held in English. Current trends in the production of manmade fibres as well as Oerlikon’s technology solutions will be presented and discussed with participants. Continuation of the webinar series is already planned for 2021.

An overview of the Oerlikon Manmade Fibers webinars in the fourth quarter of 2020, is as follows:

Factory know-how from a single source – A boost for your efficiency

From melt to yarn, fibres and nonwovens. At Oerlikon Manmade Fibers you get the entire factory know-how from a single source.

From the planning and construction of highly complex production plants and competent customer services, Oerlikon Manmade Fibers offers everything for a successful business. Oerlikon is the right partner, especially – but not exclusively – for newcomers in the textile industry. Petrochemicals PlasticRecycling Carbonfree

Petrochemicals PlasticRecycling Carbonfree

-VIDEO: Europe R-PET flake market divided over October prices

Senior Editor, Recycling, Matt Tudball looks at the October monthly recycled polyethylene terephthalate (R-PET) price settlement, covering:

Very divisive views on colourless flake prices

Uncertainty remaining over €800/tonne EU charge

Post-consumer bottle availability for rest of 2020   Petrochemicals PlasticRecycling Carbonfree

Europe R-PET flake market divided over October prices

-Indian automotive industry sales volume pushed back to 10 years: ICRA

The sales volume of the Indian automotive industry, globally the fourth largest, which is battling tough economic conditions and COVID-19-induced lockdowns, is on a free fall. However, there has been a sequential recovery month over month in segments like passenger vehicles, two-wheelers and tractors, according to the analysts of the credit rating agency  ICRA Petrochemicals PlasticRecycling Carbonfree

Petrochemicals PlasticRecycling Carbonfree

Petrochemicals PlasticRecycling Carbonfree

Petrochemicals PlasticRecycling Polyamide 16-10-2020