Petrochemicals Preforms Trade War 04-09-2019

Petrochemicals Preforms Trade War

China – Polyethylene Terephthalate

PET and it’s chain are steady.

Crude oil price increases.

Polyamide 6 and its chain are steady.

Acrylonitrile increases.

PET Bottle grade export 800/860 $/ton PET Bottle grade domestic market 6,650/6,800 yuan/ton PET Filament grade SD domestic market 6,500/6,650 yuan/ton – PET Filament grade BR domestic market 6,650/6,750 yuan/ton

PTA Taiwan 660/680 $/ton PTA domestic market 5,050/5,150 yuan/tonMEG  535/545 $/ton – MEG domestic market 4,550/4,650 yuan/tonPX Korea 755/765 $/ton

Polyester POY 150D/48F  domestic market 7,550/7,650  yuan/tonPolyester DTY 150D/48F  domestic market 9,050/9,150  yuan/tonPolyester Staple PSF domestic market 7,100/7,200 yuan/ton

Petrochemicals Preforms Trade War

Crude Oil Prices Trend

Crude Oil Prices Trend

-Teijin to Support Exhibition Colorful Japan

The Teijin Group announces that it will support the exhibition Colorful Japan opening at the Stedelijk Museum Amsterdam on 7 September 2019.

The exhibition will present 226 posters created by Japanese designers, including those to publicise sports festivals and expositions dating from the 1930s to the present, which were selected from among some 800 Japanese posters in the museum’s collection. Petrochemicals Preforms Trade War

Petrochemicals Preforms Trade War

-ELIX Polymers releases its 2018 Sustainability Report

ELIX Polymers has published its 2018 Sustainability Report, expressing its corporate commitment to sustainability and focus on transparency through the publication.

This report sets out all the advances and challenges accomplished by ELIX last year, describing the company’s annual progress in accordance with the Sustainable Development Goals (SDG) established by the United Nations, as a member of the Global Compact. Petrochemicals Preforms Trade War

Petrochemicals Preforms Trade War

-DIC Corporation to Acquire BASF’s Global Pigments Business

DIC Corporation, has entered into a definitive agreement to acquire BASF’s global pigments business, known as BASF Colors & Effects (BCE).

The acquisition will broaden DIC’s portfolio as a global manufacturer of pigments, including those for electronic displays, cosmetics, coatings, plastics, inks and specialty applications, by creating a world-class pigments supplier that offers customers an even wider range of versatile solutions. Petrochemicals Preforms Trade War

“Our acquisition of BCE brings together complementary resources and expertise of two recognized leaders in innovation, product stewardship, regulatory leadership, application support and manufacturing,” said Kaoru Ino, President and Chief Executive Officer of DIC. “We have outlined a clear growth path for DIC with the target to increase our sales to 1 trillion yen (approximately €8 billion) by 2025.

Petrochemicals Preforms Trade War

-Europe BDO demand remains soft, uptick in Sept less likely

European butanediol (BDO) demand remains low in early September while expectations of a post-summer uptick in activity are diminishing.

Lengthy supply continues to dominate market fundamentals with ample availability from both domestic and overseas suppliers.

“[The market is] extremely long and everyone is begging me to take material,” claimed one European buyer.

In Europe, production is running smoothly. There were no reported outages planned for September.

Poor demand from the key derivative market polybutylene terephthalate (PBT) has especially depressed BDO buying appetite and contributed to surplus BDO volumes being available this quarter. Petrochemicals Preforms Trade War

Europe BDO demand remains soft, uptick in Sept less likely

-Global conductive textiles market to reach $4.65 billion

Conductive textiles are widely utilised by industries such as military and defence, healthcare, and sports and fitness. The global conductive textiles market accounted for US$ 1.07 billion in 2017 and is expected to reach US$ 4.65 billion by 2026 growing at a CAGR of 17.7% during the forecast period, according to a recent report Conductive Textiles – Global Market Outlook (2017-2026), published by Research and Markets.

According to this research, factors such as growing awareness of the advantages of conductive textiles, high demand from the military and defence sector and increased health awareness among consumers are fuelling the market growth. However, high cost of finished products can affect adoption is hampering the market.

Europe BDO demand remains soft, uptick in Sept less likely

-Piave Maitex presents responsible design

Leading Italian fabrics specialist Piave Maitex will present Again, a smart and technically advanced line that balances performances, functionality and sustainable features, formed of highly performing jerseys, at Eurobike, the world’s leading trade fair for the cycling industry that takes place in Friedrichshafen this week.

Two premium Global Recycled Standard (GRS) certified sustainable ingredients have been involved in the production of Again: the premium stretch fibre Roica EF – part of Roica Eco-Smart Family – constructed with more than 50% pre-consumer recycled content and perPETual high-quality polyester.

Europe BDO demand remains soft, uptick in Sept less likely

-Truetzschler launches first intelligent card at ITMA

Truetzschler has developed a new intelligent card – TC 19i – that performs important settings completely independently and with a precision not achievable by humans. The company demonstrated the new card at ITMA 2019. Truetzschler is a specialist in manufacturing textile machinery and a solution provider from bale to sliver in textile spinning process.

“The possibility to increase quality and productivity as well as solving personnel issues through features like T-GO or Wastecontrol fascinated our customers,” said sales manager Ralf Müller at Truetzschler. Petrochemicals Preforms Trade War

-The global glass filled nylon market at a CAGR of almost 7% during the forecast period

This glass filled nylon market analysis considers sales from automotive, industrial, electrical and electronics, and others. Our analysis also considers the sales of glass filled nylon in APAC, Europe, North America, South America, and MEA. In 2018, the automotive segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as superior properties of glass filled nylon such as high creep resistance and high tensile strength will play a significant role in the automotive segment to maintain its market position.

The global glass filled nylon market at a CAGR of almost 7% during the forecast period

-European premiere for Sekisui concept car at IAA

Japanese automotive supplier Sekisui Chemical will display its concept car for the first time in Europe during this year’s IAA Frankfurt motor show to be held  Sept. 12-22.

The futuristic vehicle incorporates all the core technologies in high performance plastics developed by Sekisui, including the company’s new HUD interlayer film technology for windshields. Petrochemicals Preforms Trade War

European premiere for Sekisui concept car at IAA

Petrochemicals Preforms Smart Plastic 03-09-2019

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