Petrochemicals Preforms Crude Oil 30-08-2019
Petrochemicals Preforms Crude Oil
China – Polyethylene Terephthalate
PET and it’s chain are weak.
Crude oil price is steady.
Polyamide 6 and its chain are weak.
Acrylonitrile is steady.
PET Bottle grade export 810/870 $/ton – PET Bottle grade domestic market 6,750/6,850 yuan/ton – PET Filament grade SD domestic market 6,550/6,650 yuan/ton – PET Filament grade BR domestic market 6,700/6,850 yuan/ton
PTA Taiwan 660/670 $/ton – PTA domestic market 5,100/5,200 yuan/ton – MEG 535/550 $/ton – MEG domestic market 4,550/4,650 yuan/ton – PX Korea 760/770 $/ton
Polyester POY 150D/48F domestic market 7,600/7,700 yuan/ton – Polyester DTY 150D/48F domestic market 9,050/9,150 yuan/ton – Polyester Staple PSF domestic market 7,100/7,250 yuan/ton
Crude Oil Prices Trend
The two companies signed a deal to jointly build the base
China’s Tsingshan Holding Group, a major stainless steel and nickel producer, and chemicals firm Huafon Group plan to set up a $3 billion metallurgy and chemical production base in Indonesia, Huafon said in a statement
The two companies, both based in eastern China’s Zhejiang province, on Tuesday signed a deal to jointly build the base, which will include a 12 million tonnes per year capacity coke plant, on the island of Sulawesi
Asian paraxylene (PX) markets might face a supply glut in the short term on the back of new capacity start-ups, while downstream demand continues to be weak.
A total of 6.5m tonnes/year of new PX capacities are expected to come online by the end of the year.
In China, Sinopec Hainan plans to start up its new 1m tonne/year PX facility in October, while Zhejiang Petrochemical targets to start up its new 4m tonnes/year PX complex in November-December period.
In Brunei, Hengyi Petrochemical is targeting to start up its new 1.5m tonne/year PX unit in October. Petrochemicals Preforms Crude Oil
BASF has agreed the sale of itspigments business for €1.15bn to Japanese firmDIC, the German major said on Thursday.
The announcementfollows financial services company Moody’s reviewing BASF’scredit rating as the producer slashed its2019 earnings forecast in the wake of a weakfirst half.
The company’s pigments segment generated €1bnin sales in 2018 and has 2,600 employeesglobally. The deal, which is pending approvalof competition authorities, is expected to befinalised in the fourth quarter of 2020.Petrochemicals Preforms Crude Oil
Any budget pressures get translated into reduced economic activity
Saudi Arabia is the biggest oil trading partner of China, India and Japan
DUBAI: The battlegrounds of the US-China trade war range from soya beans to Harley- Davidson motor cycles, with Apple iPhones and aluminium in between.
But for the Middle East, it is all about oil. While American President Donald Trump and Chinese counterpart Xi Jinping swap tariff salvos across billions of dollars worth of commodities and manufactured goods, for economic policymakers in the oil-exporting countries of the Arabian Gulf the main concern is what effect the confrontation between Washington and Beijing will have on their most important product — crude oil.
Aligned with the updated strategy, the changes will make resources available to investment in new growth opportunities, industries and markets.
Today, Novozymes announces organizational changes to drive stronger growth and deliver on its updated corporate strategy, Better business with biology. The strategy, as announced on June 16, will drive higher sales and earnings growth over the three-year period 2020-2022, and beyond. Petrochemicals Preforms Crude Oil
Changes will free up resources which will be made available for reinvestments where they have higher impact. This also means that 280 – 330 employees will be laid off globally, of which 123 are in Denmark. Layoffs will happen across divisions, functions and regions and in accordance with local processes and requirements. In addition, a number of employees will be transferred to new roles inside the company.
As construction continues on a $2-billion expansion of Nova Chemicals’ polyethylene-manufacturing capacity in the Sarnia area, the corporation has named its first director of sustainability to help boost plastic recycling and recovery.
Sarah Marshall’s appointment to the post was announced by the company, which is building a new polyethylene manufacturing plant in St. Clair Township next to its Corunna site to double the capacity of its ethylene production.
Roica, the premium stretch fibre for modern wardrobe by material innovator Asahi Kasei, will stand out at the Smart Creation Area, Première Vision’s (PV) epicentre of sustainability this year. Petrochemicals Preforms Crude Oil
On show in Paris, will be the company’s hyper-performative yarns such as the certified Roica Eco-Smart Family in hall 3, booth s20, from September 17-19.
“The Roica Eco-Smart Family is the result of the innovation process marrying the company’s inquiring mind of innovativeness and sustainability with brands and designers’ growing demand for responsible materials,” said Shinichiro Haga, senior executive manager – Roica division in press release by the company.
Middle East producers are expressing concerns about narrowing premiums between polypropylene (PP) raffia and block co-polymer premiums in Asia.
PP co-polymer prices typically command a $50-80/t premium over raffia in Asia but this has narrowed significantly. Middle East producers have maintained export premiums of $30/t in recent weeks but have struggled to find willing buyers.
Mideast Gulf producers are regular sellers of PP co-polymer to southeast Asia and China.
This week, polypropylene prices across the Asian regions dropped. The price fall, was triggered by persistent bearish demand trends and a sharp fall in PP futures, on the Dalian Commodity Exchange in China.
A PP trader while in conversation with a Polymerupdate team member said, “buyers in key markets like China, continued to remain on the side line, owing to the persistent weakening of Yuan against the U.S. dollar and the onging trade war against the United States. This in turn, has impacted the demand trends across the other Asian regions.”
The future of the textile industry will be more and more determined by Industry 4.0—also called Industrial Internet of Things for intelligent and integrated manufacturing—including smart services, according to Nicolai Strauch, head of public relations of the Verband Deutscher Maschinen -und Anlagenbau (VDMA), or the German Engineering Federation.
A sweet syrupy liquid, which is colorless, odorless in its purest form is known as Monoethylene glycol (MEG). Mono-ethylene Glycol (MEG) is find its usage in chemical intermediates for humectants, chemical intermediates, freezing point depression, solvents, resins, and solvent couplers. Petrochemicals Preforms Crude Oil
These applications are considered crucial in the manufacturing of a wide variety of products, such as coolants and automotive antifreeze, deicing fluids, asphalt emulsions and latex paints, heat transfer fluids, resins, leather and paper, electrolytic capacitors, textile fibers, and water-based adhesives.
Pelletron Corp., a global leader in providing custom solutions for pneumatic conveying and material handling systems to the plastics industry, was selected to supply the PET bottle flake and pellet handling systems for CarbonLITE’s newest post-consumer recycled PET plant in PA.
Pelletron is responsible for design, supply, and installation of the pneumatic transfer systems from and to multiple flake storage silos. The pneumatic conveying method applied for the pneumatic flake transfer system is the Strandphase technology in combination with the Pellbow, which assures the most gentle and economical handling of the flakes, even over distances as long as 400 ft.
North American polyethylene resin prices continued a confusing summer in August, while regional prices for PVC and PET bottle resin were down for the month as well.
PE resin pricing has been the cause of much debate for most of the summer. Some PE buyers saw a 3-cent price drop in June. That 3-cent drop later spread through the rest of the market, reaching most buyers by the end of July.
Experts have managed to mimic the colour of the Cyphochilus beetle’s scales one of the brightest whites in nature
Findings show the colour is created by the structure of the beetles’ scales, not by pigments and dyes
By managing to replicate this structure in the lab using plastic, researchers hope to pave the way for sustainable, ultra-white paints made from recycled plastic waste
New paints would have a much lower carbon footprint and help tackle the challenge of recycling single-use plastics
The structure of ultra-white beetle scales could hold the key to making bright-white sustainable paint using recycled plastic waste, scientists at the University of Sheffield have discovered. Petrochemicals Preforms Crude Oil