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/tonMEG  535/550 $/ton – MEG domestic market 4,550/4,650 yuan/tonPX Korea 760/770 $/ton

Polyester POY 150D/48F  domestic market 7,600/7,700  yuan/tonPolyester DTY 150D/48F  domestic market 9,050/9,150  yuan/tonPolyester Staple PSF domestic market 7,100/7,250 yuan/ton

Petrochemicals Preforms Crude Oil

Crude Oil Prices Trend

Crude Oil Prices Trend

-China’s Tsingshan, Huafon plan $3bln coke, chemical project in Indonesia

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

Petrochemicals Preforms Crude Oil

-Asia PX faces supply glut in near term on new capacity expansions

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  

Petrochemicals Preforms Crude Oil

-BASF to sell pigments business in wake of profit warning

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  

BASF to sell pigments business in wake of profit warning

-What the US-China trade war means for Gulf oil producers

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.

Petrochemicals Preforms Crude Oil

-Novozymes makes organizational changes to deliver on the strategy

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.

Petrochemicals Preforms Crude Oil

-New Nova Chemicals’ plant will target plastic waste

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.

New Nova Chemicals' plant will target plastic waste

-Roica to display new Eco-Smart yarn family at PV29

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.

Petrochemicals Preforms Crude Oil

-Middle East producers deal with narrower PP premiums

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.

Middle East producers deal with narrower PP premiums

-Asian Polypropylene (PP) Prices Slip

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.”

Asian Polypropylene (PP) Prices Slip

-Textile sector future to be decided by Industry 4.0: VDMA29

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.

-Textile sector future to be decided by Industry 4.0: VDMA29

-Monoethylene Glycol (MEG) Market Advanced Technologies and Innovations 2023

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.

Petrochemicals Preforms Crude Oil

-PET Bottle Flake and Pellet Handling System

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.

PET Bottle Flake and Pellet Handling System

-Regional prices for PE, PVC and PET bottle resin slide in August

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.

Regional prices for PE, PVC and PET bottle resin slide in August

-Beetle scales hold secret to creating sustainable paint from recycled plastic, research shows

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

Beetle scales hold secret to creating sustainable paint from recycled plastic, research shows

Petrochemicals Biodegradable Biobased PET 29-08-2019

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