Petrochemicals Preforms Trade Tensions 05-09-2019

Petrochemicals Preforms Trade Tensions

China – Polyethylene Terephthalate

PET and it’s chain are in upward trend.

Crude oil price is in health.

Polyamide 6 and its chain are firm.

Acrylonitrile is steady.

PET Bottle grade export 810/870 $/ton PET Bottle grade domestic market 6,750/6,900 yuan/ton PET Filament grade SD domestic market 6,600/6,700 yuan/ton – PET Filament grade BR domestic market 6,700/6,800 yuan/ton

PTA Taiwan 650/670 $/ton PTA domestic market 5,150/5,250 yuan/tonMEG  540/555 $/ton – MEG domestic market 4,600/4,700 yuan/tonPX Korea 755/765 $/ton

Polyester POY 150D/48F  domestic market 7,600/7,750  yuan/tonPolyester DTY 150D/48F  domestic market 9,050/9,150  yuan/tonPolyester Staple PSF domestic market 7,150/7,300 yuan/ton

Petrochemicals Preforms Trade Tensions

-Materials: Novel Nylon 66 and Modified PPE Foams for Automotive

Asahi Kasei develops ‘first’ nylon 66 bead and modified PPE foams for challenging automotive applications.

Two new novel engineering thermoplastic foams have been recently unveiled by Asahi Kasei (U.S. office in Fowlerville, Mich.), both aimed at challenging automotive applications:

▪ Nylon 66 Bead Foam: Said to be a ‘first’, the company has been developing a foam based on nylon 66  beads. (Asahi Kasei is one of only four fully-integrated global nylon manufacturers that can  produce nylon 66 completely from monomer to compound). Dubbed PA Foam, the new foam features the typical heat, chemical and oil resistant properties of nylon, mixed with an outstanding rigidity or noise reducing quality – depending on the shape of the beads. Consisting of round-shaped beads, this foam features a strong rigidity, which makes it a promising alternative for aluminum and metal in structural applications, as well as for use for insulators, ducts, spacers or other lightweight parts of the battery case of electrified vehicles.

PA Foam with a C- or macaroni-shape version, on the other hand, reportedly provides noise insulation in addition to the typical nylon properties. Possible applications can be found everywhere around the car, especially in the engine compartment, where the material can unfold its unique qualities. Used for engine covers, it does not only contribute to light weight, but also significantly reduces the radiating engine noise, making the car quieter in total.

▪  SunForce particle foam based on a modified PPE. Compared to standard foams made of PS or polyolefins, the use of m-PPE is said to equip this foamed material with unique properties, opening up new possibilities for applications in thermal management and fire protection. The material is UL 94 V-0 certified (Standard for Safety of Flammability of Plastic Materials for Parts in Devices and Appliances) and thus contributes to an overall product safety.

Novel Nylon 66 and Modified PPE Foams for Automotive

Crude Oil Prices Trend

Crude Oil Prices Trend

-New PET Blow/Fill Line for Vinegar

This French company founded in 1797 recently installed a new Combi system for blowing and filling of PET bottles at speeds to 23,000/hr.

The rising demand for white vinegar has led Charbonneaux-Brabant, a key player in the packaging of condiments and seasonings, to install a complete PET line in its new production plant in Vauvert, in the South of France. There, they now bottle white vinegar in 1- and 1.5-L formats, managing a high level of flexibility requested by their supply chain and distribution network. The new line was supplied by Sidel.

Petrochemicals Preforms Trade Tensions

-No-deal Brexit could wipe $3 billion off Turkey’s UK trade, minister says

Turkey may lose trade with Britain worth up to $3 billion in the event of a no-deal Brexit, Trade Minister Ruhsar Pekcan said on Wednesday, adding that many Turkish companies lacked information on the consequences of such a scenario.

Pekcan, speaking at a Turkey-UK Business Forum in Istanbul, said the losses would stem from Britain hiking import tariffs after Brexit in sectors including steel, automotive and textiles.

Petrochemicals Preforms Trade Tensions

-Enhances Sustainability and Performance with Braskem’s I’m Green™ Polyethylene Biopolymer

Turf Cushion™ raises the bar for industry leading turf field safety with sustainably-produced and 100% recyclable sugar cane based bioplastic

PHILADELPHIA and  DALTON, Ga., Sept. 4, 2019 /PRNewswire/ — Braskem (B3: BRKM3, BRKM5 and BRKM6; LATIBEX: XBRK; OTC: BRKMY), the largest thermoplastics polyolefins producer in the Americas and leading producer of biopolymers in the world, and ProdTek, a product development and manufacturing company serving the artificial turf, flooring and textile industries with innovative solutions, today announced the integration of Braskem’s I’m greenTM Polyethylene (PE) bioplastic in ProdTek’s new Turf CushionTM line of turf underlay products. Petrochemicals Preforms Trade Tensions 

Enhances Sustainability and Performance with Braskem's I'm Green™ Polyethylene Biopolymer

-Equipment investment continues at Polystar Plastics

In 2019, Polystar Plastics has made a significant series of investments in new equipment and it is set to continue.

These are geared towards replacement of old extrusion units, and the addition of new capacity.

The object is the reduction of energy usage per kg of film produced, and the installation of extrusion equipment designed to maximise the usage of recycled polymer, and the efficient production of fully compostable films. Petrochemicals Preforms Trade Tensions 

Petrochemicals Preforms Trade Tensions

-Lutz Lehmann to advance Hohenstein’s sales strategy

Lutz Lehmann joins the Hohenstein team as CEO of Global Strategies. © HohensteinLutz Lehmann has joined the Hohenstein team as CEO of Global Strategies. His new role will focus on developing new business and advancing sales strategies in order to strengthen Hohenstein’s position as a global player. He will directly oversee Hohenstein’s Sales, Marketing and Business Development teams.

“I’m delighted to work with a company that enjoys a high reputation in the textiles industry,” said Mr Lehmann. “There’s still so much potential for the entire industry. It’s a wonderful opportunity to contribute my market experience and knowledge and propel Hohenstein even further within the textile testing industry.”

Petrochemicals Preforms Trade Tensions

-Recycled Plastic Market To Be Worth Just Over US$ 30 Billion By 2025

Recycling of plastic is broadly defined as collecting waste plastic scraps that are recyclable, processing it with various technologies, and finally treating it with chemicals and additives to produce a newer plastic. The improved quality of recycled plastic products over their virgin counterparts, the push from different companies, and strict governmental regulations are the main drivers of the recycled plastic market. Persistence Market Research in its upcoming report titled ‘Recycled Plastic Market: Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025’, projects the recycled plastic market to be worth just over US$ 30 billion by 2025. Petrochemicals Preforms Trade Tensions 

Recycled Plastic Market To Be Worth Just Over US$ 30 Billion By 2025

-BASF and Domo Chemicals to acquire Solvay’s polyamide business

BASF, Solvay, and Domo Chemicals have reached an agreement for the acquisition of Solvay’s polyamide business for €1.6bn (US$1.7bn) overall.

In September 2017, BASF signed an agreement with advanced materials and specialty chemicals company Solvay to acquire its integrated polyamide business for €1.6bn. The agreement received conditional approval from the EU Commission in January this year. The conditions included divesture of Solvay’s European polyamide 6.6 facilities (PA6.6) to a third party. Petrochemicals Preforms Trade Tensions 

Petrochemicals Preforms Trade Tensions

-RISE® Innovation Award Finalists Announced: Novel And Ingenious Solutions In Research, Innovation & Science For Engineered Fabrics

INDA, the Association of the Nonwoven Fabrics Industry, announces the three finalists that will present unique and innovative material science solutions as they compete for the prestigious RISE® Innovation Award during the ninth edition of the Research, Innovation & Science for Engineered Fabrics Conference, (RISE®) Sept. 24-25, 2019 at North Carolina State University, Raleigh, North Carolina.

RISE® Innovation Award Finalists Announced: Novel And Ingenious Solutions In Research, Innovation & Science For Engineered Fabrics

-FreshSafe PET dispute goes to arbitration

One of Turkey’s largest regional producers of fruit and vegetable drinks is suing German bottling and packaging machinery maker KHS over claims that the latter failed to manufacture and commission production lines according to a contract.

Doğanay Gida claims that bottle-filling production lines supplied by KHS were inoperable and the German firm failed to fix several errors later discovered to be the result of design faults and manufacturing errors by KHS. Doğanay claims that the resulting loss of capacity and quality control issues cost it more than €70 million ($76m).

FreshSafe PET dispute goes to arbitration

-US targets remaining Iran crude exports: Update

The US administration today announced additional restrictions on Iran’s ability to export oil, just as the French government is undertaking a diplomatic effort to loosen Washington’s economic embargo against Tehran.Petrochemicals Preforms Trade Tensions 

The US actions placed additional oil tankers carrying Iranian crude on its sanctions list and offered a $15mn reward to help disrupt Iran’s oil exports.

“We are intensifying our maximum pressure campaign,” the US State Department’s Iran envoy Brian Hook said. The action aims to disrupt an “oil for terror” network run by Iran’s Islamic Revolutionary Guard Corps (IRGC), Hook said.

US targets remaining Iran crude exports: Update

Petrochemicals Preforms Trade Tensions

Petrochemicals Preforms Trade War 04-09-2019

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