Petrochemicals Textile Polymers 16-08-2021

Petrochemicals Textile Polymers

Petrochemicals Spandex Polyethyleneterephthalate Trend

Petrochemicals Textile Polymers

Crude Oil Prices Trend

Crude Oil Prices Trend  Polyestertime

-North American resin prices all over the map in July

July brought a little of everything for North American resin markets — higher prices, lower prices and flat prices. Petrochemicals Textile Polymers

Higher prices were seen for polyethylene, polypropylene and PET bottle resin. A 5-cent PE increase was delayed by negotiations between suppliers and buyers and by differences reported by widely followed price indexes. Most buyers contacted by Plastics News indicated that the 5 cents had taken hold by late July or early August.

PE demand has remained very strong, with some grades of high density PE for injection molding in especially short supply, according to market sources. PE supplies also were tightened when LyondellBasell Industries lost several days of production in La Porte, Texas, after a July 27 acetic acid leak killed two workers and injured 30.

But supplies of other grades of PE were improving, and sources said a number of buyers were “burned out and frustrated” after absorbing multiple rounds of price hikes in the last 18 months.

Regional prices for all grades of PE were up 5 cents in June. Most PE prices are up 43 cents so far in 2021 and 63 cents since January 2020. HDPE prices are up 2 cents less than low and linear low density PE. The July price hike was the eighth consecutive for the PE market.

The 2-cent PP move followed a similar increase in prices for polymer-grade propylene (PGP). The increase is far less than June’s 12-cent hike and the 13-cent increase in May. Factoring in previous increases and decreases, PP prices are up a net of 68.5 cents since December.

Regional PP makers had attempted to add 5 cents of margin improvement to the 2 cents in monomer movement but were unsuccessful. Market sources said producers now will try to win that 5 cents in August.

Petrochemicals Textile Polymers

-KraussMaffei High Performance becomes NETSTAL again

KraussMaffei transfers NETSTAL into an independent unit

Renzo Davatz will head NETSTAL as CEO

KraussMaffei expects strong growth in the medical and PET sectors

The KraussMaffei Group will transfer all activities of the former KraussMaffei High Performance AG into an independent unit effective October 1, 2021. This will operate under the traditional name NETSTAL.  Petrochemicals Textile Polymers

The new subgroup will manage the NETSTAL New Machines and Service business worldwide from its subsidiaries. KraussMaffei CEO Dr. Michael Ruf: “With this step, we are taking into account the wishes of our customers and reuniting the NETSTAL brand and the NETSTAL organization under a common name.

KraussMaffei High Performance becomes NETSTAL again

-Every Bottle Back, Closed Loop Partners invest in Evergreen

The funds will help the Clyde, Ohio, company expand bottle-to-bottle PET recycling.

The American Beverage Association and the Ohio Beverage Association, in partnership with Closed Loop Partners, are investing $5 million toward Evergreen’s $22 million expansion of its polyethylene terephthalate (PET) recycling plant in Clyde, Ohio.  Petrochemicals Textile Polymers

Half of the $5 million investment is from the American Beverage Association in partnership with Closed Loop Partners through the beverage industry’s Every Bottle Back initiative, and the other half from Closed Loop Partners’ Infrastructure Fund.

Earlier this year, Evergreen announced its plans to double production capacity at its plant to 80 million pounds of recycled PET (rPET) annually by 2022.

Greg Johnson, Evergreen corporate vice president, told Recycling Today at the time of the announcement that the investment will include upgrading four of the six optical flake sorters on its wash line with equipment from Germany-based Tomra Sorting Recycling as well as the addition of 54,000 square feet to its existing 240,000-square-foot building in Clyde to accommodate a third pelletizing line to be supplied by Vienna-based Starlinger. Evergreen also will install two solid-state polycondensation (SSP) reactors from Starlinger,  on two of its pelletizing lines. The SSP reactors decontaminate the flakes and increase the intrinsic viscosity of the rPET pellets the company produces, according to Starlinger.

Petrochemicals Textile Polymers

-Where China PET resin industry be heading to under massive cutback and high shipping cost

Since Aug, PET bottle chip capacity shut down is around 3.6million tons. Till Aug 10, China PET bottle chip operating rate averaged down to 70.7%. (78% based on designed capacity of 12.46 million tons/year).

The reason of O/R decline mainly comes from two points: 1. the large high/low spread and slack new order intake. PET bottle chip processing spread has been hovering around 400-500yuan/mt for a long while. 2. Export shipping fee remains expensive and supply of container is tight. Petrochemicals Textile Polymers

Recently, due to the spread of the epidemic, logistics and transportation in some areas have been affected, hence delivery of polyester raw material and products are both restrained. Some PET bottle chip plants are forced to cut down production. Overall, delivery is still sustainable, though slower.

Looking from end-user perspective of view, procurement by beverage and edible oil plants is rigid, particularly some factories that haven’t built enough stock previously. PET sheet sector, operating rate in S. China is merely 40-50% while basically stands at 70-80% in E. China. For most PET sheet producers, 7000yuan/mt is the top cost line they can accept, and contract violation was heard before as PET resin value moved to higher than 7000yuan/mt.

Petrochemicals Textile Polymers

-Fashion boom in recycled plastic comes with a price tag

The repurposing of synthetic materials in everything from swimwear to sneakers is growing but carries a financial and environmental cost

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If you have browsed the internet for a new swimsuit this summer, you might have come across the latest sustainable fashion trend — bikinis and trunks made from plastic bottles, ostensibly diverted from the ocean.

Across US and UK online retailers, swim-and activewear described as containing recycled synthetics more than doubled in volume in the year to June compared to 2020, according to retail intelligence platform Edited.

Plastic waste has infiltrated virtually every sector. Sneaker brands, from Nike and Adidas to ‘sustainable’ labels such as Veja and Greats, rely on it for their green credentials.  Petrochemicals Textile Polymers

Couture designers have created outlandish plastic looks to make a statement on the runway. Japanese designer Tomo Koizumi this year showed voluminous recycled plastic organza dresses in bubblegum pink, yellow and blue. In 2019, Prada re-released its iconic 90s nylon bag as a recycled version.

Fashion boom in recycled plastic comes with a price tag

-MEGlobal nominates ACP for September 2021 at USD870 per tonne

MEGlobal has announced its Asian Contract Price (ACP) for monoethylene glycol (MEG) to be shipped in September 2021, according to the company’s press release.

Thus, on 11 August, the company said ACP for MEG would be at USD870/MT CFR Asian main ports for arrival in September 2021, up by USD30/tonne from the previous month.  Petrochemicals Textile Polymers

The August 2021 ACP reflects the short term supply/demand situation in the Asian market.

As MRC reported earlier, MEGlobal announced its August ACP for MEG at USD840/MT CFR Asian main ports, up by USD10/tonne from July.

MEG is one of the main feedstocks for the production of polyethylene terephthalate (PET).  Petrochemicals Textile Polymers

According to ICIS-MRC Price report, Russian producers raised their July contract PET prices to the range of  Rb102,000-114,000/tonne CPT Moscow, including VAT. In the absence of sharp fluctuations in the rouble exchange rate in August, contract prices are likely to continue rising in September.

MEGlobal is a fully integrated supplier of monoethylene glycol (MEG) and diethylene glycol (DEG), collectively known as ethylene glycol (EG).

MEGlobal nominates ACP for September 2021 at USD870 per tonne

-Turning plastic waste back into oil – is this the future of recycling?

Introducing the infinite recycling system of the future: Pyrolysis.

Try not to be put off by the technical name. Pyrolysis is the term used when a material is heated without the use of oxygen. As no oxygen is used, the material does not burn. Instead, the chemical compounds which make up the material break down into oils and gases. Petrochemicals Textile Polymers

When plastics are heated using pyrolysis they are, in simple terms, broken down into the oils from which they were created.

Plastic which is currently in circulation could be treated using pyrolysis, turned into oil, then re-moulded to create new or ‘virgin’ plastics and then, new products. The term pyrolysis is also known as ‘chemical recycling’. All types of plastics – including ones which are currently deemed unrecyclable – can be treated with pyrolysis. This type of plastic recycling is so useful due to the durability of plastics.

Turning plastic waste back into oil – is this the future of recycling?

-Toyo Engineering gets contract from Prime Polymer for construction of new PP plant in Chiba

Toyo Engineering Corporation (TOYO) has been awarded a contract for a project to construct a polypropylene (PP) plant in Ichihara-shi, Chiba, Japan from Prime Polymer, as per the company’s press release.

TOYO will carry out the EPC contract on a full turn-key basis that includes engineering, procurement, and construction.

The new plant’s production capacity will be 200,000/mt year. The completion of construction worls is scheduled for 2024. Petrochemicals Textile Polymers

Responding to the social needs aspire all business entities to contribute on sustainability, the client awarded the contract to TOYO because of evaluation as an active partner from early stage for several years along with the company’s rich experiences of petrochemical projects, execution ability of large-scale EPC projects and our proposal from the viewpoint of safety, cost, quality, delivery and environment.

Toyo Engineering gets contract from Prime Polymer for construction of new PP plant in Chiba

-‘Sustainability Action Plan’ move by the Turkish textile industry

With the ‘Turkish Textile Industry Sustainability Action Plan’, steps will be taken on issues such as recycling.

Under the leadership of the Turkish Exporters’ Assembly (TIM), the ‘Turkish Textile Industry Sustainability Action Plan’ was announced by the Istanbul Textile and Raw Materials Exporters’ Association (İTHİB). The Turkish textile industry aims to increase its market share in global exports even more by providing a permanent transformation with the action plan prepared to spread the ‘sustainable textile’ vision to the entire sector. They also aim at high-level compliance with the European Green Deal norms. Petrochemicals Textile Polymers

In the opening speech at the ‘Textile Industry Sustainability Action Plan’ meeting, TİM Chair İsmail Gülle invited all industrialists, manufacturers, suppliers and exporters to a production approach that prioritizes nature and the environment and called for the following; “Let us renew the old infrastructure of our factories, separate the infrastructure of washing and dyeing water, recycle the washing water, expand the technologies that use less water in washing and dyeing, reduce the share of fossil fuels in production as much as possible. The greatest legacy we will leave to our children and future generations is a clean world and a clean atmosphere. This is a duty we all share”.

Textile will be the leading sector within the scope of the Sustainability Action Plan

İsmail Gülle reminded that they had announced the message “We produce for the world without consuming the world” within the context of the Sustainability Action Plan, which consists of 12 main articles, and that they attracted great attention. Gülle; “Creating sectoral action plans is one of the goals we have announced. I am very happy to see the first response of this step in textile, our leading industry today, and I congratulate our industry on this visionary move. Hopefully, this move led by the textile industry will encourage all our exporting sectors and our sectoral roadmaps will be completed as soon as possible”.

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