Plastic chemicals carbon fibre biodegradable 27-11-2018
-China – Polyethylene Terephthalate PET and its chain are weak.
PET Bottle grade export 1,010/1,050 $/ton – PET Bottle grade domestic market 8,050/8,150 yuan/ton – PET Filament grade SD domestic market 7,650/7,800 yuan/ton – PET Filament grade BR domestic market 7,700/7,850 yuan/ton
PTA Taiwan 820/835 $/ton – PTA domestic market 6,100/6,250 yuan/ton – MEG $ 665/675 $/ton – MEG domestic market 5,700/5,800 yuan/ton – PX Korea 985/1,000 $/ton
POY 150D/48F domestic market 8,250/8,350 yuan/ton – DTY 150D/48F domestic market 10,150/10,250 yuan/ton – PSF domestic market 8,850/8,950 yuan/ton
Domestic price offers for polyethylene terephthalate (PET) in China fell at the end of last week to USD1070-1,130 per ton, FOB China, ICIS reported.
According to market participants, the decline in prices recorded last week was not so large compared with the fall in commodity prices, as well as compared with an earlier decline in PET prices.
-Crude Oil Prices Trend
The EU Council’s backing of the UK to exit the 28-country bloc is only the first step to reaching an accord, with the fate of the chemicals sector still hanging in the balance, according to Germany-based industry trade body VCI.
EU heads of state and government on Sunday endorsed the text of the proposed route for the UK to leave the bloc but significant obstacles remain, including a vote in the country’s House of Commons, expected before the Christmas break, and in the European Parliament at the beginning of 2019.
Priority for fully recyclable PET bottles: when the German Packaging Law comes into effect on January 1, 2019, the new legislation will set down binding rules to increase recycling quotas.
- Classic non-returnable PET bottles with composite materials currently difficult to recycle
- FreshSafe PET® from KHS provides sustainable solution
- With it beverage producers contribute to effective recycling process
Dortmund/Hamburg, November 13, 2018 – Priority for fully recyclable PET bottles: when the German Packaging Law comes into effect on January 1, 2019, the new legislation will set down binding rules to increase recycling quotas.
The amendment will levy higher fees for packaging which is difficult to recycle. This includes non-returnable PET bottles with composite materials for juice and nectar, among other products.
Juice and nectar producers are thus currently looking for solutions which will help them to avoid the ensuing increase in costs.
India’s demand for polymers spot cargoes stayed weak, blighted by a domestic liquidity crunch and amid slumping markets across Asia.
Domestic availability is ample while expectations are bleak of a demand improvement in December.
On 23 November, high density polyethylene (HDPE) film prices were assessed at an average of $1,110/tonne CFR (cost & freight) India, down $45/tonne week on week; while polypropylene (PP) raffia/injection prices fell $60/tonne over the same period to $1,130/tonne CFR India, ICIS data showed.
Acquisition expands Israeli company’s global reach into the U.S. market.
Additives Materials Packaging Polyolefins
Israel’s Kafrit Industries Ltd. (“Kafrit Group”), a global supplier of plastic additive masterbatches and compounds has further expanded into North America through the acquisition of Polyfil Corp., Rockaway, N.J., one of the largest independent producers of functional additive masterbatches for polyolefins for 35 years, with a specialty in film extrusion.
Kafrit is a custom additive masterbatch producer specializing in PC sheet, film and agricultural film and flame-retardant PC injection molding. (The company has operations in Canada, Europe and China.)
The Department of Chemistry and Biochemistry in the J. William Fulbright College of Arts and Sciences presents professor Guoliang “Greg” Liu from Virginia Tech.
His lecture on “Block Copolymer-based Porous Carbon Fibers and Plasmonic Nanoparticles” will be at 3:30 p.m. today, Monday, Nov. 26, in the Chemistry Building, room 144.
Liu’s lecture will describe a new method for synthesizing nanoporous carbon fibers. Nanoporous carbon fibers possess high surface areas and rich surface functionalities for interacting with guest ions, molecules, and particulates.
Trade protectionism will have serious ramifications on downstream industries as it makes countries that adopt such measures less competitive in the international markets, Gulf Petrochemicals and Chemicals Association (GPCA) secretary general Abdulwahab Al Sadoun said.
“We believe that nobody wins from closed market policies. On the contrary, more often than not, countries find themselves on the losing side,” he told ICIS ahead of the 13th annual forum in Dubai on 26-28 November with the theme “Executing Transformation and Investing in Growth”.
The Chung-Hua Institution for Economic Research (CIER) launched a report supported by the Industrial Development Bureau (IDB) to analyze the next wave of circular economy business models in Taiwan.
From recycling fishing nets to reclaiming banana waste, Taiwanese companies are innovating new ways to use waste as a resource.
Every year in November, our nation renews its commitment to reduce waste and preserve our limited resources on “America Recycles Day.”
The day of recognition serves as a timely reminder as we approach the holiday season — a period when used envelopes, wrapping paper, shipping material and gift boxes quickly pile up — that we all have a role to play in reducing our landfill input.
Governments and consumers are now demanding packaging that minimises its impact on the environment by ensuring the use of recycled content and delivering full recyclability.
Manufacturers are therefore looking to maximise the sustainability of their chosen packaging solutions, whilst still providing effective protection and brand enhancement to their goods.
Muscat: SV Pittie Sohar Textiles and National Training Fund signed a Capability Building Agreement (CBA) under which 1,000 Omanis will be trained at SV Pittie Training Centre in Sohar, to enable them with the right foundational and technical skill-set to be employed in the Company’s Textile project.
The agreement was signed on the occasion of Oman’s 49th National Day.
The Yarn Manufacturing Facility of The Textile Project is an entirely new enterprise in Oman and the initiative of training its workforce is as per Tanfeedh’s national development program.
Amid further weakness in the upstream crude oil prices, Asian petrochemical prices may continue to see downward pressure this week. Monday saw ICE Brent crude oil futures dipping below $60/b and in some petrochemical markets, the prices already started to fall Monday morning.
Asian ethylene would likely remain bearish this week, pressured by further weakness in demand amid plunging western crude oil futures. January ethylene supplies are seen to be ample as the healthy ethylene-naphtha spread would likely keep the steam cracker operation rates in Asia high. The Asian ethylene-naphtha spread hit a 2-month high of $552/mt last Friday.
To prevent littering and foster more recycling, some member states are considering setting mandatory deposit-return schemes (DRS) on single-use beverage packaging. For plastic packaging, there are reasons to believe this could happen:
Availability of recyclates: gaps in current collection and recycling systems may drive the development of DRS to reach the proposed 90% collection target by 2025 for single-use plastic beverage containers put forward in the Single-Use Plastics Directive.
Food Contact Recycling: most plastic recycling processes for food contact are based on DRS-type collection schemes that separate single-use food contact plastics from other plastics packaging.
Four European design academies have won the ‘New & Next University Contest’ ahead of Heimtextil to be held during January 8-11, 2019.
The academies, from the UK, Switzerland, Slovakia and Hungary, will be given a trade fair stand at Heimtextil where they will present their design works to an international audience.
The contest is meant to promote newcomers.