Petrochemicals PSF – General Motors plans to eliminate rare earths from electric cars 13-11-2023
Petrochemicals PSF
- Polymers : PET – r-PET – Filament grade semidull chips -Filament grade bright chips – Ny6 – Ny66 – PP
- Feedstocks PX – PTA – MEG – CPL – Adipic Acid – Benzene – ACN – Ethylene – Phenol – Naphtha
- Textile : Polyester POY – DTY – FDY – PSF – Recycled Polyester POY – Nylon POY – DTY – FDY Spandex 20-30-40 -Viscose Staple Fiber VSF Acrylic Staple Fiber
Petrochemicals PSF
| Polyestertime | |||
| ITEM | 06/11/2023 | 13/11/2023 | +/- |
| Bottle grade PET chips domestic market | 6,900 yuan/ton | 6,900 yuan/ton | – |
| Bottle grade PET chips export market | 880 $/ton | 880 $/ton | – |
| Filament grade Semidull chips domestic market | 6,780 yuan/ton | 6,710 yuan/ton | -70 |
| Filament grade Bright chips domestic market | 6,830 yuan/ton | 6,750 yuan/ton | -80 |
| Pure Terephthalic Acid PTA domestic market | 5,890 yuan/ton | 5,825 yuan/ton | -65 |
| Pure Terephthalic Acid PTA export market | 740 $/ton | 740 $/ton | – |
| Monoethyleneglycol MEG domestic market | 4,080 yuan/ton | 4,100 yuan/ton | +20 |
| Monoethyleneglycol MEG export market | 470 $/ton | 478 $/ton | +8 |
| Paraxylene PX FOB Taiwan market
Petrochemicals PSF |
1,031 $/ton | 998 $/ton |
-33 |
| Paraxylene PX FOB Korea market | 1,008 $/ton | 975 $/ton | -33 |
| Paraxylene PX FOB EU market | 1,150 $/ton | 1,080 $/ton | -70 |
| Polyester filament POY 150D/48F domestic market | 7,280 yuan/ton | 7,325 yuan/ton |
+45 |
| Recycled Polyester filament POY domestic market | 7,550 yuan/ton | 7,350 yuan/ton | -200 |
| Polyester filament DTY 150D/48 F domestic market | 8,650 yuan/ton | 8,700 yuan/ton | +50 |
| Polyester filament FDY 68D24F
Petrochemicals PSF |
8,700 yuan/ton | 8,700 yuan/ton | – |
| Polyester filament FDY 150D/96F domestic market | 7,950 yuan/ton | 7,950 yuan/ton | – |
| Polyester staple fiber 1.4D 38mm domestic market | 7,450 yuan/ton | 7,400 yuan/ton | -50 |
| Caprolactam CPL domestic market | 12,825 yuan/ton | 12,800 yuan/ton |
-25 |
| Caprolactam CPL overseas market | 1,600 $/ton | 1,600 $/ton | – |
| Nylon 6 chips overseas market | 1,830 $/ton | 1,830 $/ton | – |
| Nylon 6 chips conventional spinning domestic market | 13,800 yuan/ton | 13,850 yuan/ton | +50 |
| Nylon 6 chips high speed spinning domestic market
Petrochemicals PSF |
14,050 yuan/ton | 14,050 yuan/ton | – |
| Nylon 6.6 chips domestic market | 20,000 yuan/ton | 20,000 yuan/ton | – |
| Nylon6 Filament POY 86D/24F domestic market | 16,150 yuan/ton | 16,150 yuan/ton | – |
| Nylon6 Filament DTY 70D/24F domestic market | 18,300 yuan/ton | 18,300 yuan/ton- | – |
| Nylon6 Filament FDY 70D/24F | 17,200 yuan/ton | 17,000 yuan/ton | -200 |
| Spandex 20D domestic market
Petrochemicals PSF |
36,500 yuan/ton | 36,200 yuan/ton | -300 |
| Spandex 30D domestic market | 35,000 yuan/ton | 34,700 yuan/ton | -300 |
| Spandex 40D domestic market | 32,000 yuan/ton | 31,700 yuan/ton | -300 |
| Adipic Acid domestic market | 9,150 yuan/ton | 8,900 yuan/ton | -250 |
| Benzene domestic market
Petrochemicals PSF |
7,940 yuan/ton | 7,730 yuan/ton | -210 |
| Benzene overseas market | 905 $/ton | 869 $/ton | -36 |
| Ethylene South East market | 945 $/ton | 940 $/ton | -5 |
| Ethylene NWE market | 717 $/ton | 836 $/ton | +119 |
| Acrylonitrile ACN domestic market
Petrochemicals PSF |
9,700 yuan/ton | 10,200 yuan/ton | +500 |
| Acrylonitrile ACN overseas market | 1,200 $/ton | 1,200 $/ton | – |
| Acrylic staple fiber ASF domestic market | 14,600 yuan/ton | 14,600 yuan/ton | – |
| Viscose Staple Fiber VSF domestic market | 13,200 yuan/ton | 13,150 yuan/ton | -50 |
| PP Powder domestic market
Petrochemicals PSF |
7,350 yuan/ton | 7,250 yuan/ton | -100 |
| Naphtha overseas market | 658 $/ton | 630 $/ton | -28 |
| Phenol domestic market | 7,812 yuan/ton | 7,857 yuan/ton | +45 |
r-PET high end eco-friendly chips =7,900 yuan/ton — 7,900 yuan/ton –
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Petrochemicals PSF
General Motors plans to eliminate rare earths from electric cars
The US company invests in Niron Magnetics, a startup that produces permanent magnets without critical minerals General Motors, the American carmaker that is preparing to launch only electric vehicles in Europe, is looking for ways to make its zero-emission future more affordable.
One of its partners is Niron Magnetics, a US startup that makes permanent magnets.
The startup, based in Minneapolis, claims to have developed the “first and only permanent magnet in the world with automotive-level power” that does not use rare earths: a technology that will be used in the rotors of GM’s electric motors.
This will help reduce the costs of battery-powered vehicles.
A cheaper and more available alternative General Motors says that electric vehicle powertrains are a “key element of the Ultium platform”, and that permanent magnets offer a “great opportunity to lower costs and environmental impact compared to traditional magnetic materials”.
However, the magnets that are currently used in EV motor rotors are “usually made of rare earth minerals such as terbium, dysprosium, praseodymium and neodymium: expensive elements that are mostly processed overseas”.
The Ultium platform that General Motors used for the Hummer EV Niron Magnetics, on the other hand, has a technology that is “completely free of critical materials, including rare or heavy rare earth minerals”.
It is called “Clean Earth Magnet ®” and it is based on iron nitride, “a cheap and abundant material, with great potential for commercial use in future electric vehicles”.
GM and the startup have agreed to work together to further develop the Clean Earth Magnet and apply it to the company’s upcoming electric cars.
“GM Ventures has also invested in Niron,” the carmaker adds.
“Everyone in an electric vehicle” “We think that Niron’s unique technology can play a key role in reducing rare earth minerals from electric vehicle engines and help us expand our supply chain in North America,” says Anirvan Coomer, president of GM Ventures.
Jonathan Rowntree, CEO of Niron Magnetics, agrees.
“We believe our Clean Earth magnets can help GM achieve its goal of putting everyone in an electric vehicle.”
