Petrochemicals rPET PA6 – Will petrochemicals rise with oil? 24-07-2023
Petrochemicals rPET PA6
- Polymers : PET – r-PET – Filament grade semidull chips -Filament grade bright chips – Ny6 – My66 – 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
| Polyestertime | |||
| ITEM | 17/07/2023 | 24/07/2023 | +/- |
| Bottle grade PET chips domestic market | 7,000 yuan/ton | 7,025 yuan/ton | +25 |
| Bottle grade PET chips export market | 905 $/ton | 905 $/ton | – |
| Filament grade Semidull chips domestic market | 6,860 yuan/ton | 6,800 yuan/ton | -60 |
| Filament grade Bright chips domestic market | 6,870 yuan/ton | 6,820 yuan/ton | -50 |
| Pure Terephthalic Acid PTA domestic market | 5,835 yuan/ton | 5,860 yuan/ton | +25 |
| Pure Terephthalic Acid PTA export market | 800 $/ton | 800 $/ton | – |
| Monoethyleneglycol MEG domestic market | 4,025 yuan/ton | 4,020 yuan/ton | -5 |
| Monoethyleneglycol MEG export market | 478 $/ton | 472 $/ton | -6 |
| Paraxylene PX FOB Taiwan market
Petrochemicals rPET PA6 |
1,049 $/ton | 1,047 $/ton |
-2 |
| Paraxylene PX FOB Korea market | 1,026 $/ton | 1,024 $/ton | -2 |
| Paraxylene PX FOB EU market | 1,140 $/ton | 1,130 $/ton | -10 |
| Polyester filament POY 150D/48F domestic market | 7,530 yuan/ton | 7,600 yuan/ton |
+70 |
| Recycled Polyester filament POY domestic market | 7,350 yuan/ton | 7,250 yuan/ton | -100 |
| Polyester filament DTY 150D/48 F domestic market | 9,100 yuan/ton | 9,150 yuan/ton | +50 |
| Polyester filament FDY 68D24F
Petrochemicals rPET PA6 |
8,700 yuan/ton | 8,700 yuan/ton | – |
| Polyester filament FDY 150D/96F domestic market | 8,150 yuan/ton | 8,250 yuan/ton | +100 |
| Polyester staple fiber 1.4D 38mm domestic market | 7,320 yuan/ton | 7,350 yuan/ton | +30 |
| Caprolactam CPL domestic market | 12,250 yuan/ton | 12,400 yuan/ton |
+150 |
| Caprolactam CPL overseas market | 1,500 $/ton | 1,500 $/ton | – |
| Nylon 6 chips overseas market | 1,720 $/ton | 1,720 $/ton | – |
| Nylon 6 chips conventional spinning domestic market | 12,900 yuan/ton | 13,050 yuan/ton | +150 |
| Nylon 6 chips high speed spinning domestic market
Petrochemicals rPET PA6 |
13,400 yuan/ton | 13,450 yuan/ton | +50 |
| Nylon 6.6 chips domestic market | 18,700 yuan/ton | 18,000 yuan/ton | -700 |
| Nylon6 Filament POY 86D/24F domestic market | 15,600 yuan/ton | 15,650 yuan/ton | +50 |
| Nylon6 Filament DTY 70D/24F domestic market | 17,800 yuan/ton | 17,800 yuan/ton- | – |
| Nylon6 Filament FDY 70D/24F | 16,600 yuan/ton | 16,600 yuan/ton | – |
| Spandex 20D domestic market
Petrochemicals rPET PA6 |
36,500 yuan/ton | 36,500 yuan/ton | – |
| Spandex 30D domestic market | 35,000 yuan/ton | 35,000 yuan/ton | – |
| Spandex 40D domestic market | 31,500 yuan/ton | 31,500 yuan/ton | – |
| Adipic Acid domestic market | 8,900 yuan/ton | 9,050 yuan/ton | +150 |
| Benzene domestic market
Petrochemicals rPET PA6 |
6,635 yuan/ton | 6,970 yuan/ton | +335 |
| Benzene overseas market | 815 $/ton | 847 $/ton | +32 |
| Ethylene South East market | 745 $/ton | 745 $/ton | – |
| Ethylene NWE market | 621 $/ton | 635 $/ton | +14 |
| Acrylonitrile ACN domestic market
Petrochemicals rPET PA6 |
8,000 yuan/ton | 8,000 yuan/ton | – |
| Acrylonitrile ACN overseas market | 1,250 $/ton | 1,250 $/ton | – |
| Acrylic staple fiber ASF domestic market | 13,600 yuan/ton | 13,600 yuan/ton | – |
| Viscose Staple Fiber VSF domestic market | 12,650 yuan/ton | 12,650 yuan/ton | – |
| PP Powder domestic market
Petrochemicals rPET PA6 |
7,050 yuan/ton | 7,040 yuan/ton | -10 |
| Naphtha overseas market | 603 $/ton | 601 $/ton | -2 |
| Phenol domestic market | 7,182 yuan/ton | 7,300 yuan/ton | +118 |
r-PET high end eco-friendly chips =7,950 yuan/ton — 7,950 yuan/ton –
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Petrochemicals rPET PA6
Corpus Christi Plastics Plant Project Set to Create 2,400 Jobs and Boost Local Economy
The resumption of construction for the Jumbo Plastics project in Corpus Christi, Texas, is heralding a new era of economic growth and social benefit for the region. With an estimated peak of 2,400 jobs during the construction phase, the project is set to invigorate the local workforce and bring prosperity to the community, as reported by Hydrocarbonprocessing. Petrochemicals rPET PA6
The journey of the plastics factory project has been one of perseverance and determination, spanning over a decade since its initial planning. Unfortunately, construction had faced multiple delays and had been stalled for several years. However, Corpus Christi Polymers took up the mantle, acquiring the plant in February 2019, with plans to commence construction later that year and a target start-up date of May 2020. Nevertheless, the onset of the pandemic and further project-related challenges disrupted these plans. Undeterred, the construction finally recommenced in 2022, with a new goal of completing the project by 2025.
Key to the successful realization of this ambitious project is the involvement of Sarens, a company providing advanced machinery for lifting ultra-heavy loads during construction. Their expertise has been instrumental in overcoming the logistical challenges of building a state-of-the-art facility. Petrochemicals rPET PA6
Upon completion and projected to be fully operational by 2025, the Corpus Christi plastics plant will stand as the world’s largest PET/PTA vertically integrated facility. It will churn out an impressive annual production capacity of 1.1 to 1.3 million metric tons of purified terephthalic acid (PTA) and polyethylene terephthalate (PET).
These essential materials are integral to numerous everyday products, influencing our daily lives. PET, a versatile polymer, is used in the production of plastic bottles and food/beverage packaging. PTA plays a crucial role in manufacturing polyester fibers, which find applications in clothing, sheets, curtains, and bedspreads.
Beyond its significant production capacity, the plant boasts cutting-edge technologies that promise to revolutionize the industry. These technological advancements will yield products with distinct technical advantages over packaging materials from other factories, offering enhanced durability, heat resistance, and 100% recyclability. Moreover, the plant’s self-sufficiency in producing industrial water through desalination ensures minimal impact on Corpus Christi’s drinking water supply, demonstrating a commitment to environmental responsibility. Petrochemicals rPET PA6
The Corpus Christi plastics plant is not the only exciting development in the industry. LyondellBasell recently made headlines by acquiring a 50% stake in Dutch recycling company Stiphout Industries B.V. While specific financial details of the transaction were not disclosed, Stiphout Industries is known for sourcing and processing plastic household waste into clean flakes of recycled polypropylene and high-density polyethylene materials. Their recycling facility, based in the Netherlands, represents another crucial step towards a sustainable and circular plastics economy.
The potential economic and social benefits of the Corpus Christi plastics plant are vast. Apart from the immediate creation of thousands of jobs during the peak of construction, the facility’s future operations will provide stable employment for local residents and generate indirect employment opportunities through its supply chain.
The influx of skilled workers and professionals into the area will stimulate the housing market, driving demand for local services and contributing to the growth of various industries in the region. Petrochemicals rPET PA6
Additionally, the increased production capacity of essential plastics and polyester materials is likely to bolster regional businesses and attract further investment. As manufacturers gain access to locally produced, high-quality materials, they can enhance their competitiveness in the global market, potentially leading to increased export opportunities.
The Corpus Christi plastics plant represents a significant milestone in the journey towards sustainable and innovative plastic production. As the world grapples with environmental challenges, the plant’s advanced technologies and commitment to recyclability stand as exemplars for others in the industry to follow. By supporting the circular economy and promoting responsible manufacturing, the project embodies the aspirations of Corpus Christi to become a leader in sustainable development.
In conclusion, the resumption of construction for the Corpus Christi plastics plant is a cause for celebration. The anticipated creation of up to 2,400 jobs during peak construction and the subsequent economic boost exemplify the project’s potential to transform the region positively. As the world’s largest PET/PTA vertically integrated facility, the plant is set to play a pivotal role in meeting global demand for essential plastic and polyester materials. With its cutting-edge technologies and environmental consciousness, the Corpus Christi plastics plant heralds a new era of responsible and sustainable industrial development. Petrochemicals rPET PA6
Corpus Christi was born from an idea of Mossi & Ghisolfi in 2013
